Tag: Earnings reports
Ferrari 1Q profits rebound, postpones 2022 targets
MILAN — Italian luxury sportscar maker Ferrari announced Tuesday that it won’t hit 2022 financial targets due to the impact of the coronavirus pandemic,...
Budget carrier flydubai posts $194M loss due to pandemic
DUBAI, United Arab Emirates — Dubai's budget carrier flydubai reported Sunday a loss of $194 million in 2020 as revenue fell by more than...
Warren Buffett’s firm reports $12B profit before its meeting
OMAHA, Neb. — Warren Buffett's company reported a nearly $12 billion profit in the first quarter a year after a major loss when the...
Exxon posts $2.7B quarterly profit after unprecedented year
NEW YORK — Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.
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Americans hungry for Burger King, sales improve in Q1
Restaurant Brands International, the parent company of Burger King, saw its sales climb in the first quarter to top Wall Street's view as Americans...
Samsung reports profit jump on smartphone, TV sales
SEOUL, South Korea — Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased...
Nokia profit soars on buoyant sales for 5G technology
HELSINKI — Wireless network maker Nokia on Thursday reported substantially improved, better than expected first-quarter profit on buoyant sales of its new generation 5G...
Widespread infections early in the year weigh on Merck Q1
KENILWORTH, NJ — COVID-19 infections weighed Merck with so many people avoiding visits to hospitals or even the doctor early in the first quarter....
Amazon’s profit more than triples as pandemic boom continues
NEW YORK — Amazon’s pandemic boom isn’t showing signs of slowing down.
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Restructuring Deutsche Bank shows best quarter in 7 years
FRANKFURT, Germany — Deutsche Bank saw its strongest quarterly profits in seven years as the bank's long-running restructuring showed in lower costs and as...
