News

Samsung profit misses estimates in second quarter

Agence France-Presse
Posted at Jul 06 09:15 AM

Industry sources said sales of smartphones were weak amid mounting competition from rivals as marketing costs for new mobile products also increased, undercutting the sector's profitability. Read more »

Ginebra net income doubles to P255M in Q1

ABS-CBN News
Updated as of Jun 01 11:02 AM

San Miguel Corp's hard liquor unit, Ginebra San Miguel Inc, said Friday net income in the January to March period nearly doubled due to strong sales. Read more »

Uber says sales and value revved in first quarter

Agence France-Presse
Posted at May 24 08:01 AM

Uber on Wednesday said its revenue revved in the first quarter of this year and that its value climbed to $62 billion in a new funding round.   Read more »

Megawide 1Q net income up 16 percent

ABS-CBN News
Posted at May 21 10:55 AM

Megawide Construction Corp said Monday net income in the first 3 months of the year grew 16 percent, despite a dip revenues. Read more »

DMCI net income up 33 pct in 1Q; firm flags right of way issues

ABS-CBN News
Posted at May 21 10:07 AM

Construction firm DMCI said Monday its net income rose 33 percent in the January to March period, notwithstanding a dip in infrastructure revenues due to right of way issues. Read more »

Shakey's says higher costs tempered Q1 income growth

ABS-CBN News
Posted at May 11 01:47 PM

The operator of Shakey's restaurants in the Philippines said Friday net income grew by 6 percent in the first 3 months of 2018, as higher costs tempered sales growth.   Read more »

Jollibee net income rises 17.3 percent in Q1

ABS-CBN News
Posted at May 11 11:59 AM

Jollibee Foods Corp. said net income rose 17.3 percent in the first 3 months of the year, as higher expenses offset growth in revenues, according to a stock exchange filing. Read more »

Max's Q1 net income falls 30 pct on raw material, manpower costs

ABS-CBN News
Posted at May 10 10:01 AM

Max's Group said Thursday net income in the first 3 months of the year fell 30 percent due to higher prices of raw materials and a larger manpower component due to new labor policies. Read more »

US companies weigh price hikes as material costs rise

John Biers, Agence France-Presse
Posted at May 06 11:15 AM

Higher costs for oil, industrial metals and other materials have emerged as a headwind during US earnings season, amplifying inflation worries at the same time the labor market is tightening. Read more »

Spotify narrows losses but disappoints on guidance

Agence France-Presse
Posted at May 03 06:55 AM

Top music streaming platform Spotify said Wednesday that it narrowed its losses in the first quarter, but it disappointed investors by keeping its full-year guidance steady.  Read more »

Apple reports higher profits, unveils big share buyback

Agence France-Presse
Posted at May 02 07:14 AM

Apple reported a hefty jump in second-quarter earnings Tuesday and unveiled a new $100 billion share buyback plan, alleviating worries about the iPhone's prospects and a hit from US-China trade tensions. Read more »

Twitter gains momentum with 2nd straight profitable quarter

Rob Lever, Agence France-Presse
Updated as of Apr 26 09:31 AM

WASHINGTON, United States - Twitter reported its second consecutive quarterly profit Wednesday, boosting the outlook for the messaging platform after years in the red. Read more »

Google parent Alphabet profit leaps on ad growth

Agence France-Presse
Posted at Apr 24 06:45 AM

Google parent Alphabet on Monday reported a surge in quarterly profits, lifted by strong growth in the digital advertising segment it dominates along with Facebook.   Read more »

Strong subscriber growth lifts Netflix revenue, profit

Agence France-Presse
Posted at Apr 17 06:53 AM

Netflix added 7.4 million new subscribers in the past quarter as the global television giant ramped up profits with its strongest-ever revenue growth since launching its streaming service. Read more »

ABS-CBN posts P3.16 billion net income in 2017, exceeds goal

ABS-CBN News
Posted at Mar 23 04:02 PM

ABS-CBN Corp said Friday it posted net income of P3.16 billion in 2017, as rising consumer sales aided revenue growth. Read more »

PLDT officials optimistic on turnaround over next 2 years

ABS-CBN News
Posted at Mar 09 12:28 AM

Index heavyweight PLDT Inc. released its 2017 earnings, with company officials expressing optimism the telco giant's financial performance is finally picking up steam.  Read more »

Amazon posts largest profit in its history on sales, tax boost

Reuters
Posted at Feb 02 08:30 AM

Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to US tax law added to its bottom line.   Read more »

Google parent misses profit estimates as spending grows

Reuters
Posted at Feb 02 08:16 AM

Google parent Alphabet Inc missed quarterly profit forecasts as steady ad sales growth was offset by increased spending to promote its consumer gadgets, YouTube video app and cloud computing services, the US technology company said on Thursday.   Read more »

'Star Wars: The Last Jedi' Tops $1 billion worldwide

Dave McNary, Reuters
Posted at Jan 01 09:49 AM

Disney-Lucasfilm's "Star Wars: The Last Jedi" has cleared the $1 billion milestone in worldwide grosses in less than three weeks. Read more »

ABS-CBN posts P2.3 billion net income in Jan-Sept

ABS-CBN News
Updated as of Nov 10 04:05 PM

ABS-CBN Corp said Friday it posted net income of P2.3 billion in the January to September period, bringing it closer to meeting its full year goal. Read more »