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by Glenn CHAPMAN Agence France Presse SAN FRANCISCO, United States (AFP) — Netflix shares swung lower Thursday as spending on original shows at the leading streaming television service weighed on quarterly revenue and competition heated up. Shares sank nearly four percent to $339.70 in after-market trades that followed release of earnings figures that showed the Silicon Valley company logged profit of $134 million on revenue of $4.2 billion in the final three months of last […]
SEOUL, South Korea (AFP) — Samsung Electronics on Tuesday flagged its first quarterly profit drop in two years, painting a grim outlook amid mounting competition from Chinese smartphone makers and declining chip prices. The South Korean tech giant — the world’s top maker of smartphones and memory chips — has enjoyed record profits in recent years despite a series of setbacks, including a humiliating recall and the jailing of its de facto chief. But operating […]
by Glenn CHAPMAN Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook reported Tuesday that its quarterly profit climbed in the recently ended quarter, but the world’s leading social network — mired in a spate of controversies — gained fewer users than analysts had expected. The company said profit had climbed nine percent to $5.14 billion on revenue that leaped 33 percent to $13.7 billion in the quarter that ended September 30. The number […]
TOKYO, Japan (AFP) — Nintendo said Tuesday its net profit jumped by more than a quarter for the six months to September as blockbuster game titles from the “Donkey Kong” and “Mario” series helped boost demand for its popular Switch console. But growth slowed in the July-September period, missing market expectations, with no major software releases during the quarter to drive sales. The Kyoto-based game giant reported net profit for the six months to September […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Amazon reported Thursday that its profit in the recently-ended quarter rocketed to $2.9 billion in a ten-fold increase from the same period last year. Net sales at the e-commerce colossus climbed to $56.6 billion in the third quarter, a 29 percent increase from the $43.7 in sales reported in the third quarter in 2017. However, analysts had expected an even stronger performance by Amazon, […]
SAN FRANCISCO, United States (AFP) — Microsoft on Wednesday said its profit in the recently ended quarter soared on the back of revenue from services hosted in the internet cloud and its career-focused social network LinkedIn. Microsoft reported net income of $8.8 billion on revenue of $29.1 billion in the quarter that ended on September 30, up 34 percent and 19 percent respectively from the same period a year earlier. Shares in the Redmond, Washington-based […]
SAN FRANCISCO, United States (AFP) — Netflix reported Tuesday a strong jump in profits and better-than-expected growth in users in the past quarter, sparking a rally in shares of the streaming television market leader. Netflix said it gained almost seven million new users worldwide, to bring its total membership to more than 137 million. Profit in the quarter more than tripled from a year ago to $403 million while revenues grew 34 percent to $4 […]
SEOUL, South Korea (AFP) — Samsung Electronics said Friday it expects operating profit to reach a record high of 17.5 trillion won ($15.4 billion) for the third quarter of this year. Sales for the third quarter are expected to reach 65 trillion won, the world’s largest maker of smartphones and memory chips said in a statement. © Agence France-Presse
NEW YORK, United States (AFP) — Nike reported solid gains in both quarterly profit and revenues Tuesday but shares fell in after-hours trading on slowing growth in China. The sports apparel and sneaker giant, which has made headlines in recent weeks over an edgy ad campaign featuring Colin Kaepernick, reported a 15 percent jump in earnings for fiscal first quarter 2019 to $1.1 billion. Revenues climbed 10 percent to $9.9 billion. Nike scored revenue gains […]
SHANGHAI, China (AFP) — China’s major airlines mostly saw their earnings battered in the first half of the year as a weaker Chinese yuan and higher fuel prices offset steadily rising passenger traffic. Net profit at China Eastern Airlines for January-June plunged 48 percent on-year to 2.3 billion yuan ($337 million), the company said Thursday in a statement to the Hong Kong stock exchange, where it is listed. “China’s civil aviation industry continued to maintain […]
by Julien Girault Agence France Presse BEIJING, China (AFP) — Chinese e-commerce giant Alibaba on Friday announced a massive 47 percent leap in net profit for the fiscal year 2017/2018, helped by a rise in smartphone and tablet transactions on its shopping platform. Profit climbed to 63.985 billion yuan ($10.2 billion), boosted by a 60 percent rise in revenue from its core business, the online retailer said. The New York-listed firm added 98 million active […]
HONG KONG, China (AFP ) — Hong Kong banking giant HSBC said Friday that pre-tax profit dipped four percent to $4.76 billion in the first three months of the year owing to rising operating costs but added it would buy back $2 billion worth of stock. It also said revenue rose six percent to $13.7 billion in the period as it benefits from an improving global economy and rising interest rates. The upbeat January-March results […]
