News

U2, Coldplay top Forbes list of highest-paid musicians

Reuters
Posted at Dec 05 07:37 AM

Irish rock band U2 topped the 2018 Forbes magazine list of the highest-paid musicians on Tuesday thanks in part to the group's successful "Joshua Tree" world tour celebrating their classic 1987 album.   Read more »

Uber loss tops $1 billion as it seeks to diversify

Agence France-Presse
Posted at Nov 15 08:05 AM

Ride-share company Uber on Wednesday said that its net loss topped a billion dollars in the recently ended quarter as it pumped money into bikes, scooters, freight and food delivery. Read more »

Megaworld net income rises in Q3 with residential resurgence

ABS-CBN News
Posted at Nov 12 12:03 PM

Net income grew 14.2 percent in the quarter ending September and 12.8 percent in the first 9 months of the year. Read more »

PAL Holdings net loss narrows as revenues rise

ABS-CBN News
Posted at Nov 12 10:58 AM

PAL Holdings reported net loss attributable to shareholders of P2.52 billion in the third quarter, from P2.92 billion during the same period in 2017. Read more »

JG Summit’s Q3 core net income down 19 percent

ABS-CBN News
Posted at Nov 09 04:09 PM

MANILA – JG Summit Holdings Inc. on Friday said its core net income in the third quarter reached P5.5 billion or 19 percent lower compared to the same period last year.  Read more »

Robinsons Land net income nearly doubles in Q3

ABS-CBN News
Posted at Nov 08 10:14 AM

The Gokongwei-led developer said it posted net income of P3.2 billion in the third quarter. January to September net income reached P6.6 billion, up 44 percent from the comparable period in 2017. Read more »

Spotify earnings hit sour note on Wall Street

Agence France-Presse
Posted at Nov 02 06:31 AM

NEW YORK - Spotify shares took a hit Thursday after a disappointing growth outlook offset the first-ever quarterly profit posted by the streaming music sector leader. Read more »

Apple delivers strong profits, but shares slip on outlook

Glenn Chapman, Agence France-Presse
Posted at Nov 02 06:19 AM

SAN FRANCISCO - Apple on Thursday delivered stronger than expected profits in the recently ended quarter, but shares slid on disappointing iPhone sales and the forecast going into the year-end holiday. Read more »

Facebook's rise in profit outweighs slow user, sales growth

Munsif Vengattil and Paresh Dave, Reuters
Posted at Oct 31 07:59 AM

Slowing growth after years of strong results has been a top concern, and Facebook's weak results underscored some of those fears. Read more »

Meralco Jan-Sept core net income up 9 percent to P16.7 billion

ABS-CBN News
Posted at Oct 30 10:22 AM

Meralco's core net income in January to September rose to P16.7 billion from P15.4 billion during the comparable period in 2017.  Read more »

UnionBank posts P6.1 billion net income in Jan-Sept

ABS-CBN News
Updated as of Oct 29 10:55 AM

UnionBank the country's ninth largest lender said net nine-month net income was at P6.1 billion, from P6.4 billion during the same period in 2017. Read more »

BDO net income rises to P8.4 billion in third quarter

ABS-CBN News
Updated as of Oct 29 11:11 AM

This brought BDO's nine-month net income to P21.5 billion, up 6 percent year on year. The country's largest lender owned by billionaire Henry Sy said the full year goal of P31 billion was "within reach." Read more »

Amazon quarterly profit rockets tenfold to $2.9 billion

Glenn Chapman, Agence France-Presse
Posted at Oct 26 08:25 AM

Net sales at the e-commerce colossus climbed to $56.6 billion in the third quarter, a 29 percent increase from the $43.7 in sales reported in the third quarter in 2017. Read more »

Snapchat parent pressured by drop in users

Agence France-Presse
Posted at Oct 26 08:15 AM

Snapchat parent Snap came under selling pressure Thursday after a quarterly report showing a loss of one million users even as it grew revenues and narrowed losses. Read more »

Tesla reports 'historic' profitable quarter

Agence France-Presse
Posted at Oct 25 07:24 AM

Electric car maker Tesla on Wednesday reported a "historic" profitable quarter driven by demand for its Model 3 aimed at the mass market.  Read more »

Ford earnings drop on weak China sales

Agence France-Presse
Posted at Oct 25 07:22 AM

Ford reported a drop in third-quarter profits Wednesday as weak sales in China and higher commodity costs countered the benefit of strong truck sales in North America. Read more »

SM Prime says Q3 net income at P6.82 billion, up 20 pct

ABS-CBN News
Posted at Oct 22 03:29 PM

SM's shopping mall business delivered 58 percent of total revenues, followed by residences with 34 percent while its other business accounted for 8 percent. Read more »

Nike reports higher profits but growth slows in China

Agence France-Presse
Posted at Sep 26 07:09 AM

Nike reported solid gains in both quarterly profit and revenues Tuesday but shares fell in after-hours trading on slowing growth in China. Read more »

San Miguel says may hit P1-trillion revenue goal this year

ABS-CBN News
Posted at Sep 03 12:06 PM

The projected net sales could reach P1-trillion this year with the contribution of its 630 Masinloc power plant, San Miguel Corp told the stock exchange. Read more »

GT Capital posts P7.1-billion net income in first half

ABS-CBN News
Posted at Aug 15 01:37 PM

GT Capital Holdings Inc on Wednesday reported a consolidated net income of P7.1 billion in the first half of 2018 as well as a P7.1 billion core net income for the same period.  Read more »