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Samsung Electronics said Friday it expected profits to hit an all-time high in the third quarter, as booming semiconductor sales boost the South Korean IT giant. The company estimated operating profits of 14.5 trillion won ($12.8 billion) in the July-September period, a record for quarterly profit and nearly three times the 5.2 trillion won earned a year earlier. Sales are expected to have surged 29.65 percent on-year to 62 trillion won. Samsung did not announce […]
TOKYO, Japan (AFP) — Japanese vehicle maker Honda on Tuesday said net profit for the second quarter rose by double digits boosted by strong motorcycle sales, revising up its full-year forecast. The Tokyo-based company said “solid sales of two-wheel vehicles in Asia and cost reduction efforts” contributed to increased profits. Motorcycle sales volume grew in India and Vietnam, Honda said, while four-wheel vehicle sales volume increased in Japan and China but declined in North America. […]
SEOUL, South Korea (AFP) — South Korean giant Samsung on Thursday posted record quarterly earnings, putting it on course to overtake Apple as the world’s most profitable tech firm as it seeks to move past a bribery scandal and last year’s recall debacle. The firm said huge sales of its new Galaxy S8 smartphone and demand for its memory chips were behind the jump in April-June and predicted another blockbuster report for the current quarter […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook on Wednesday reported a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users. Net profit in the second quarter leapt 71 percent from a year ago to $3.9 billion while revenue climbed 45 percent to $9.3 billion. In after-hours trade, Facebook shares rose some 3.4 percent to $171.35 on the […]
NEW YORK, United States (AFP) — McDonald’s feasted on a big jump in profits in the latest quarter, amid strong United States sales driven by a discounted soda promotion and a premium sandwich launch, the company reported Tuesday. Net income for the quarter ending June 30 surged 28 percent, a $1.4 billion jump from the same period of 2016, and easily topping analyst expectations. However, revenues dipped three percent to $6.0 billion, partly due to […]
CALIFORNIA, United States (Reuters) — Alphabet Inc reported a 27.7 percent drop in quarterly profit Monday (July 24) as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the European Union. EU antitrust regulators last month hit Google with a record 2.4-billion-euro ($2.7 billion) fine for favoring its own shopping service, taking a tough line in the first of three probes of its dominance […]
SAN FRANCISCO, United States (AFP) — Microsoft on Thursday reported that its quarterly profit climbed to $6.5 billion, lifted by its shift to computing services hosted in the internet cloud. The United States technology giant said revenue in the recently ended quarter rose to $23.3 billion, with $7.4 billion of that due to its “intelligent cloud” offerings. “Innovation across our cloud platforms drove strong results this quarter,” Microsoft chief executive Satya Nadella said in a […]
QUINTANA ROO, Mexico (Reuters) — The heads of global airlines are meeting in Cancun, Mexico for the general meeting of the International Air Transport Association (IATA), with the aviation body predicting robust earnings for the sector. Forecasting a third straight year of robust earnings, IATA raised its 2017 industry profit outlook on Monday (June 05) to $31.4 billion dollars, up from a previous forecast of $29.8 billion dollars. The IATA also raised its outlook for […]
TOKYO, Japan (AFP) — Sony said Friday it is on track to report its highest annual operating profit in 20 years owing to strong sales in its smartphone component business and PlayStation console division. The once all-conquering company, which has been emerging from a painful restructuring, said it expects its operating profit to hit 500 billion yen ($4.5 billion) in the year to March 2018. That would be its best figures since a 525.7 billion […]
SEOUL, South Korea (AFP) — South Korean tech giant Samsung posted Wednesday its biggest quarterly net profit for more than three years on strong demand for its memory chips. Net profit for the first quarter of the year amounted to 7.68 trillion won ($6.7 billion), up 46 percent from a year ago, the firm said in a statement. It was the biggest quarterly net profit since the third quarter of 2013. Operating profit jumped 48 […]
SEOUL, South Korea (AFP) — South Korea’s biggest automaker Hyundai Motor posted a 21 percent drop in first-quarter profits on Wednesday, hammered by the fallout from a diplomatic spat between Seoul and Beijing over a US missile defense system. In a statement, Hyundai said it posted 1.46 trillion won (US$1.3 billion) in net profits during the January to March period, its 13th consecutive quarter of profit downturn. “Partial suspensions at factories increased cost burdens while […]
SEOUL, South Korea (AFP) — Samsung Electronics said Friday it expects profits to soar by 48.2 percent in the first quarter despite a smartphone recall fiasco and the arrest of its de facto head. The world’s largest memory chip and smartphone maker estimated its operating profit in the January-March period at 9.9 trillion won ($8.8 billion), up 48.2 percent from a year earlier, thanks to strong sales of memory chips and display panels. It marked […]
