Business
Uber issues muted holiday forecast as it hits record profit
UBER Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered…
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profit
Business
UBS posts bigger-than-expected net profit in third quarter
UBS Group on Wednesday (Oct 30) reported a forecast-beating quarterly net profit of US$1.4 billion helped by cost reductions and revenue…
Business
StanChart boosts return plan to US$8 billion as profit beats
STANDARD Chartered vowed to return at least US$8 billion to investors by 2026 as it reported better-than-estimated third-quarter earnings…
Business
CapitaLand Ascott Trust’s Q3 gross profit rises 8%
CAPITALAND Ascott Trust’s (Clas) gross profit rose 8 per cent year on year in the third fiscal quarter ended September. On Wednesday (Oct…
Business
Visa profit beats expectation on resilient consumer spending
VISA’S fourth-quarter profit beat Wall Street expectations on Tuesday (Oct 29), as consumers set aside worries of a slowing economy and…
Business
PayPal forecasts Q4 revenue below estimates as profit push puts growth behind
PAYPAL forecast fourth-quarter revenue below estimates on Tuesday (Oct 29) as the digital payments company shifts its focus to…
Business
China’s Citic Securities Q3 profit rises 21.9%
CITIC Securities, China’s biggest brokerage, reported a 21.9 per cent rise in third-quarter profit on Tuesday (Oct 29), driven by growing…
Business
Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake
It also posts a rise in non-operating income of 21.6 billion yen in the quarter due to Aozora being an equity-method affiliate JAPAN’S…
Business
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a…
Business
Ford weakens profit outlook amid price war, shares fall
FORD Motor said on Monday it expects to hit the lower end of its full-year profit guidance, dropping the company’s shares 5 per cent in…
Business
American Airlines lifts profit view on higher pricing, sales strategy correction
The airlines’ pricing power has also improved as the industry cuts down excess capacity in the domestic market American Airlines lifted…
Business
UPS sees profit growth for first time in nearly 2 years
United Parcel Service (UPS) returned to sales and profit growth for the first time in nearly two years as the company benefited from…
Business
Nasdaq’s third-quarter profit rises on fintech strength
NASDAQ reported a rise in third-quarter profit on Thursday (Oct 24), helped by strong demand in its solutions business that houses the…
Business
India’s Adani Wilmar posts profit in Q2 on higher demand for edible oils
INDIA’S Adani Wilmar reported a profit for the second quarter on Thursday (Oct 24), buoyed by higher demand for its edible oils and food…
Business
Mattel beats profit estimates on cost controls but trims annual sales forecast
MATTEL topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales…
Business
Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as…
Business
3M raises profit forecast after quarterly beat on electronics demand
An uptick in demand for electronics used in vehicles and mobile phones boosted profit for the company 3M Co raised the lower end of its…
Business
Moody’s raises full-year profit forecast above estimates on strong product demand
RATINGS agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31 per cent rise in…
Business
Logitech raises full-year outlook as sales and profit expectations climb
LOGITECH International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer…
Business
Maersk raises profit outlook on strong market
Danish shipping group AP Moller-Maersk said on Monday (Oct 21) it had raised its full-year forecasts on the back of strong third quarter…
Business
AmEx profit beats estimate on robust customer spending
American Express reported third-quarter profit above Wall Street estimates on Friday (Oct 18), as higher spending on its cards offset a…
Business
Blackstone tops profit estimate as its assets hit record, dealmaking picks up
BLACKSTONE beat Wall Street’s expectations on its key quarterly earnings metric on Thursday (Oct 17), as the world’s largest alternative…
Business
TSMC’s Q3 profit handily beats forecasts on AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI)…
Business
China Life says profit to jump up to 185% on market rally
CHINA Life Insurance said profit for the first nine months is expected to increase as much as 185 per cent, buoyed by investment returns.…