earnings | ABS-CBN News

Samsung Q4 profits plunge to 8 year low on demand slump

Agence France-Presse
Posted at Jan 31 09:24 AM

Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, its biggest such quarterly drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales. Read more »

H&M earnings hit by Russia exit, soaring costs

Agence France-Presse
Posted at Jan 27 04:52 PM

H&M reported on Friday a big drop in profits in 2022, with an unexpected loss in the fourth quarter as the Swedish fashion retailer exited Russia and faced soaring production costs. Read more »

Luxury giant LVMH sales, profit hit new highs

Agence France-Presse
Posted at Jan 27 08:21 AM

High-end jeweller Tiffany, which was bought by LVMH in 2021, saw a record year, it added without giving a breakdown of its sales. Read more »

Tesla reports record profits, confirms long-term outlook

John Biers, Agence France-Presse
Posted at Jan 26 10:44 AM

Tesla reported another round of record quarterly profits while confirming its long-term growth outlook in spite of concerns about rising competition. Read more »

Microsoft quarterly results saved by cloud computing

Agence France-Presse
Posted at Jan 25 08:14 AM

Microsoft on Tuesday said sales slowed and profits slumped in the last quarter of 2022 as a darkening economic outlook pushed it to lay off 10,000 workers. Read more »

Microsoft to cut staff again: reports

Agence France-Presse
Posted at Jan 18 10:07 AM

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports. Read more »

Samsung Electronics flags sharp Q4 profit drop on falling demand

Agence France-Presse
Posted at Jan 06 11:38 AM

Samsung Electronics said Friday it expected its fourth-quarter operating profits to plunge 69 percent, as the global downturn causes a sharp decline in demand for memory chips and smartphones. Read more »

PLDT says 2022 earnings 'unaffected' by budget overrun

ABS-CBN News
Updated as of Dec 22 02:28 PM

PLDT Inc on Thursday said its EBITDA is on track to meet P100 billion for the year and remains unaffected by a capital expenditure overrun. Read more »

Nike tops estimates despite hit to profit margins

Agence France-Presse
Posted at Dec 21 08:38 AM

Nike reported flat profits on higher sales Tuesday in results that topped estimates and lifted shares as strong demand helped counter the drag from heavy discounting due to excessive inventory. Read more »

5 ways to turn learnings into earnings this Christmas

Maria Bettina Valeroso, ABS-CBN News
Posted at Dec 16 12:26 PM

Welcome the new year with new skills, creativity and an opportunity to increase your income. Read more »

Robinsons posts 'solid performance' in Q3 on back of easing restrictions

ABS-CBN News
Posted at Nov 09 10:44 AM

Robinsons Retail Holdings Inc on Wednesday said net income attributable to equity holders (NIAT) for the first 9 months of the year hit P4.4 billion, higher by 62.7 percent. Read more »

San Miguel Brewery posts P16.2B net income in Jan-Sept driven by higher volumes

ABS-CBN News
Posted at Nov 07 10:26 AM

San Miguel Brewery Inc on Monday said its net income rose 15 percent to P16.2 billion from January to September on the back of higher volumes as restrictions ease and as travel returns. Read more »

Meta planning massive layoffs: report

Agence France-Presse
Posted at Nov 07 10:13 AM

Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week, US media reported. Read more »

Metrobank posts P23.4B net income in Jan-Sept, up 45 percent

ABS-CBN News
Posted at Nov 04 11:29 AM

The Metropolitan Bank and Trust Corp on Friday said its net income grew 45 percent to P23.4 billion from January to September 2022 on the back of lending growth and lower provisions, among others. Read more »

Century Pacific Food posts P4.2-B 9-month net income

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

Century Pacific Food Inc on Thursday said its net income for January to September hit P4.2 billion, higher by 6 percent due to strong revenues and domestic demand. Read more »

Drugmaker GSK profit rockets on consumer health spinoff

Agence France-Presse
Posted at Nov 02 04:38 PM

British drugmaker GlaxoSmithKline said Wednesday that third-quarter net profit rocketed almost ten-fold to £10.3 billion ($11.5 billion) on the blockbuster spinoff of consumer healthcare division Haleon. Read more »

Samsung Electronics forecasts 31.7 pct fall in Q3 profit

Agence France-Presse
Posted at Oct 07 12:11 PM

Samsung Electronics expects operating profits in the third quarter to fall 31.7 percent, after a global economic downturn hit demand. Read more »

H&M posts big quarterly drop in profit after Russia exit

Agence France-Presse
Posted at Sep 29 05:19 PM

Swedish fashion retailer H&M reported on Thursday a sizeable drop in third-quarter profit following its decision to leave the Russian market. Read more »

Ford to spend $1-B more than expected on supplier costs

Agence France-Presse
Posted at Sep 20 08:37 AM

Ford said that inflation-related supplier costs during the third quarter will run about $1 billion higher than originally expected. Read more »

Lufthansa records first net profit since the start of the pandemic

Agence France-Presse
Posted at Aug 05 08:41 AM

Lufthansa said its freight operations propelled the German airline group to its first net profit since the start of the coronavirus pandemic. Read more »