Tag: RESULTS

Alibaba’s sales surge as people shop online during lockdown

(Reuters) – Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus...

SoftBank Vision Fund records $18 billion operating loss, portfolio slides underwater

TOKYO (Reuters) – Japan’s SoftBank Group Corp on Monday reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as...

China’s Tencent wins on lockdown gaming boom

HONG KONG (Reuters) – High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits, with blockbuster games PlayerUnknown’s Battlegrounds Mobile...

China’s Tencent reaps revenue of lockdown gaming boom

HONG KONG (Reuters) – High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits, with blockbuster games PlayerUnknown’s Battlegrounds Mobile...

Sony reports 57% drop in fourth-quarter profit, declines to give outlook

TOKYO (Reuters) – Japan’s Sony Corp (6758.T) on Wednesday reported a 57% drop in fourth-quarter operating profit and refrained from providing an outlook for the...

Toyota expects profit to drop 80% this year as virus saps car sales

TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest...

Marriott profit misses as bookings, revenue per room plunge

(Reuters) – U.S. hotel operator Marriott (MAR.O) missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to...

After the triumph of Animal Crossing, a thin pipeline for Nintendo

TOKYO (Reuters) – The runaway success of Nintendo Co Ltd’s (7974.T) island life simulator Animal Crossing: New Horizons has overshadowed an uncomfortable fact for fans...

Nintendo smashes Switch sales view; says Animal Crossing is device’s fastest-selling game

TOKYO (Reuters) – Japan’s Nintendo Co Ltd (7974.T) said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console,...

Siemens surges as cuts costs and presses on with energy IPO

ZURICH (Reuters) – Siemens (SIEGn.DE) stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus...

Emirates to raise debt as it doesn’t see travel recovering for at least 18 months

DUBAI (Reuters) – Emirates, one of the world’s biggest long-haul airlines, will raise debt to help it through the coronavirus pandemic that has shattered global...

Uber sees ride business up from coronavirus lows in some U.S. markets

(Reuters) – Uber Technologies Inc (UBER.N) ride service bookings rose last week and the company expects a coronavirus-related slowdown will delay the goal of becoming...

Lyft sees rider demand improve in late April, ‘on path to profitability’

(Reuters) – Lyft Inc (LYFT.O) on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable, saying ridership hit by...

T-Mobile beats phone subscriber estimates as lockdown creates demand surge

(Reuters) – T-Mobile US Inc (TMUS.O) added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a surge in demand...

Gold price boosts Barrick profit as miner eyes copper deals

(Reuters) – Barrick Gold Corp (ABX.TO) (GOLD.N) reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to...

Britain’s mid-sized banks coping with coronavirus, but warn of pain ahead

LONDON (Reuters) – A slew of Britain’s mid-sized banks on Wednesday reported steady deposits and demand in the face of the COVID-19 pandemic, but warned...

EA sees full-year revenue above estimates as home-sheltering boosts gaming

(Reuters) – Video game publisher Electronic Arts Inc forecast full-year adjusted revenue above Wall Street estimates on Tuesday, riding on the broader surge in videogame...

Pinterest flags slowing ad spend as quarterly loss widens, shares fall

(Reuters) – Pinterest Inc on Tuesday said advertisers were slowing spending on the image sharing company due to the COVID-19 pandemic and reported a bigger-than-expected...

Beyond Meat plans U.S. discounts, hopes to replace beef on summer grills

(Reuters) – Plant-based burger maker Beyond Meat plans to offer large value packs and discounts to some U.S. retailers this summer, hoping to grab a...

Thomson Reuters cuts sales outlook, narrowly misses earnings estimates

NEW YORK (Reuters) – Thomson Reuters (TRI.TO) cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday...

Beiersdorf sells more hand cream, less sunscreen

BERLIN (Reuters) – Nivea-maker Beiersdorf (BEIG.DE) said on Tuesday its La Prairie premium skincare brand and sun care products have been hit by the drop...

BNP Paribas says revenue resilient despite equity trading hit

PARIS (Reuters) – BNP Paribas’ profit fell by a third in the first quarter, as the coronavirus crisis hit equity trading and prompted the euro...

Buffett’s Berkshire posts nearly $50 billion loss as coronavirus causes pain

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion...

Apple sales inch higher despite coronavirus but CEO Tim Cook sees uncertain future

(Reuters) – Apple Inc (AAPL.O) reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were...

Twitter tops sales estimates, sees rebound from Asia’s eased coronavirus rules

OAKLAND, Calif. (Reuters) – Twitter Inc (TWTR.N) on Thursday said that its ads sales had slightly rebounded in Asia after a plunge due to the...