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Upbeat quarterly update lifts Twitter shares

Agence France-Presse
Posted at Jul 23 08:56 AM

Twitter on Thursday posted better-than-expected results for the recently ended quarter with gains in revenue, profit and its user base, sparking a rally in shares of the messaging platform. Read more »

BPI books highest quarterly income since start of pandemic

ABS-CBN News
Posted at Jul 22 04:54 PM

Bank of the Philippine Islands on Thursday said it posted a net income of P6.8 billion in the second quarter, which was the bank’s highest quarterly income since the start of the pandemic. Read more »

YouTube launches 'Super Thanks' money-making feature to attract creators

Reuters
Updated as of Jul 21 12:07 PM

YouTube on Tuesday launched a new way for video creators to earn money from fans through a feature called Super Thanks, as the Alphabet Inc streaming service looks to attract more content makers. Read more »

Netflix to add mobile video games as subscriber growth slows

Lisa Richwine and Akanksha Rana
Posted at Jul 21 08:20 AM

Netflix Inc said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the lifting of pandemic restrictions that had kept people at home. Read more »

Citigroup profit beats estimates on reserve release

David Henry and Anirban Sen
Posted at Jul 15 09:30 AM

Citigroup Inc comfortably beat market estimates for second-quarter profit on Wednesday as the economic recovery allowed the bank to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending. Read more »

Transco eyes remitting all of 2020 earnings to national government: DOF

ABS-CBN News
Posted at Jul 13 06:11 PM

The National Transmission Corp (Transco) is eyeing remitting all of its 2020 net earnings as dividends to the Bureau of Treasury to help fund the country's fight against COVID-19, the Department of Finance said Tuesday.   Read more »

Samsung Electronics forecasts jump in Q2 operating profit

Agence France-Presse
Posted at Jul 07 08:53 AM

 South Korean tech giant Samsung Electronics forecast a 53.37 percent rise in second-quarter operating profit Wednesday, thanks to strong chip prices and operations resuming at a key US factory after a shutdown. Read more »

Nike shares surge as return of pro sports boosts outlook

Agence France-Presse
Posted at Jun 25 08:33 AM

Shares of Nike skyrocketed Thursday on blowout earnings propelled by gains in direct sales to consumers and positive momentum from the return of professional sports. Read more »

Disney sees positive signs for business as streaming growth cools

Glenn Chapman, Agence France-Presse
Posted at May 14 08:41 AM

The Walt Disney Company on Thursday said it was seeing "encouraging signs of recovery" across a wide range of its businesses while its streaming television service grew slower than expected in the recently ended quarter. Read more »

How is Vice Ganda’s finances after ABS-CBN shutdown, amid pandemic?

ABS-CBN News
Posted at May 08 05:08 PM

Vice Ganda revealed that the shutdown of the Kapamilya network barely rocked his earnings as the noontime show continues to air to date.  Read more »

Nintendo logs record pandemic profit but outlook cautious

Agence France-Presse
Updated as of May 06 04:46 PM

Nintendo reported a record annual profit Thursday after virus lockdowns caused sales of its blockbuster Switch console to soar, but the Japanese gaming giant warned that its bumper pandemic year would be hard to repeat. Read more »

PayPal earnings soar on e-commerce boom

Agence France-Presse
Posted at May 06 10:54 AM

PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic.   Read more »

Century Pacific net income up in Q1 as demand defies pandemic slump

ABS-CBN News
Posted at May 05 03:08 PM

Century Pacific Food Inc said Wednesday it started 2021 strongly as its net income rose 24 percent to P1.3 billion driven by sustained demand. Read more »

SM Investment first quarter net income up 5 percent to P9.5 billion

ABS-CBN News
Posted at May 05 02:36 PM

SM Investments Corp said Wednesday its consolidated net income for the first quarter of the year rose 5 percent to P9.5 billion compared to P9 billion in the same period last year. Read more »

SM Prime posts P6.5 billion net income as restrictions ease in Q1

ABS-CBN News
Posted at May 03 05:37 PM

SM Prime Holdings Inc said Monday it posted a consolidated net income of P6.5 billion in the first quarter of 2021 on back of strong residential sales and the recovery of retail segment. Read more »

Spending on cloud computing hits $42 billion worldwide: tracker

Agence France-Presse
Updated as of Apr 30 09:19 AM

A record-high $41.8 billion was spent on cloud computing in the recently ended quarter as businesses leaned heavily on the internet to survive the pandemic, market tracker Canalys said on Thursday. Read more »

Amazon quarterly profit triples as online sales boom

Agence France-Presse
Updated as of Apr 30 09:17 AM

Tech and e-commerce colossus Amazon on Thursday reported that its profit in the recently ended quarter tripled as online sales boomed. Read more »

Wilcon Depot says to proceed with expansion plans; Q1 net income jumps 84 percent

ABS-CBN News
Posted at Apr 29 10:46 AM

Wilcon Depot Inc said Thursday it would open 7 more branches this year following the robust first quarter net income at P604 million or 84 percent higher compared to the same period last year. Read more »

Visa emerging from pandemic 'storm' as spending volumes recover

Noor Zainab Hussain, Reuters
Posted at Apr 28 09:47 AM

Visa Inc is emerging from the COVID-19 pandemic, its top boss said on Tuesday, as a surge in online shopping helped the world's biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending.   Read more »

BDO Unibank posts P28.2 billion net income for 2020

ABS-CBN News
Posted at Apr 23 04:36 PM

BDO Unibank on Friday said it posted a net income of P28.2 billion in 2020 and P10.4 billion in the first quarter of 2021 as testament of its resilient business despite the COVID-19 pandemic.   Read more »