Tag: profit
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Sony hikes profit forecast on gaming strength
TOKYO: Sony on Friday (Jul 31) hiked its full-year operating profit forecast by 8 per cent to 1.72 trillion yen (US$10.72 billion), citing the strength of its gaming business.The Japanese conglomerate has received plaudits for its pivot to entertainment, but the market is concerned about the impact of AI and
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Toyota supplier Denso posts drop in first-quarter profit
TOKYO, July 31 : Japan’s Denso, a major auto parts supplier to Toyota, posted a 21.5 per cent decline in first-quarter operating profit on Friday, as rising parts and material costs outweighed a boost from a weaker yen. The auto parts supplier, which generates around 55 per cent of its revenue from Toyota gro
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Mastercard beats profit estimates as stable spending drives transaction volumes
July 30 : Mastercard posted a second-quarter profit that surpassed Wall Street expectations on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Despite fears that geopolitical tensions and the resulting economic uncertainty would dent consumer appetite for spending, shopper
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Germany news: Deutsche Bahn returns to profit
Rail operator Deutsche Bahn has returned to profit for the first time in years, helped by rising demand. Meanwhile, a court is set to hear a case about the forwarding of private WhatsApp messages. DW has more.
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Mastercard profit beats estimates as stable spending drives transaction volumes
July 30 : Mastercard posted a second-quarter profit that surpassed Wall Street expectations on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Shares of the company were up over 3 per cent in trading before the bell. Despite fears that geopolitical tensions and the
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Panasonic raises profit outlook on AI demand, battery unit profit jumps
TOKYO, July 30 : Panasonic Holdings raised its full-year operating profit forecast on growing demand tied to AI on Thursday and posted a rise in quarterly profit at its key battery-making energy unit on higher sales of energy storage systems.The Japanese company raised its group profit forecast for the year e
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Germany news: Deutsche Bahn reportedly returns to profit
Rail operator Deutsche Bahn has reportedly returned to profit for the first time in years, helped by rising demand. Meanwhile, a court is set to make a ruling on the forwarding of private WhatsApp messages. DW has more.
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Panasonic’s battery unit posts sharp rise in Q1 operating profit
TOKYO, July 30 : Japan’s Panasonic Holdings said on Thursday operating profit at its energy unit, which makes electric-vehicle and data-centre batteries, saw double-digit growth in the first quarter, boosted by higher sales of energy storage systems.The profit for the key business posted a 28 per cent rise to
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SK Innovation swings to Q2 profit, tops estimates as refining rebounds
SEOUL, July 30 : SK Innovation, the owner of South Korea’s top refiner SK Energy, posted an operating profit of 3.5 trillion won ($2.44 billion) for the April-June period, swinging to profit from a 402 billion won loss a year earlier. The result compared with an LSEG SmartEstimate forecast of 1.3 trillion won
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Robinhood quarterly profit rises on strong trading activity
July 29 : Robinhood Markets posted a rise in second-quarter profit on Wednesday, as volatility in the markets spurred higher trading activity on its platform.The Menlo Park, California-based company’s profit was $573 million, or 62 cents per share, for the three months ended June 30, compared with $386 millio
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