Tag: Financial performance
Norfolk Southern’s Q1 profit improves as economy recovers
OMAHA, Neb. — Norfolk Southern's profit improved in the first quarter as the railroad hauled 3% more freight while the economy continued to recover...
Facebook reports soaring quarterly ad revenue, stock jumps
Facebook's stock is trading higher after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue.
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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...
China’s Huawei says sales down 16.5% amid US sanctions
BEIJING — Embattled Chinese tech giant Huawei said Wednesday first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved.
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Boeing posts $537 million loss in Q1, less than a year ago
Boeing Co. reported a wider than expected first-quarter loss on Wednesday, although revenue met Wall Street forecasts as the company generated cash by delivering...
Pizza Hut, KFC, Taco Bell sales bounce as restrictions ease
LOUISVILLE, Ken. — Profit for the company that runs Pizza Hut, Taco Bell and KFC restaurants more than tripled during the first quarter and...
BP to launch share buyback program after big profit spike
LONDON — BP said Tuesday that it would be returning around a half-billion dollars to shareholders after “significantly” higher oil prices contributed to a...
Slipping COVID-19 treatment demand hits Eli Lilly forecast
INDIANAPOLIS — Eli Lilly fell well short of Wall Street’s first-quarter expectations, and the drugmaker chopped the top end of its earnings forecast due...
Microsoft beats Wall Street expectations for early 2021
Microsoft’s business beat Wall Street expectations for the first three months of 2021, thanks to ongoing demand for its software and cloud computing services...
Visa 2Q profits fall 2%, as economic slowdown hits payments
NEW YORK — Visa Inc.'s fiscal second-quarter profits fell 2% from a year earlier, as the company dealt with a slowdown across its payment...
