Beats

China’s Alibaba profit tumbles 86% though revenue beats estimates
China’s Alibaba profit tumbles 86% though revenue beats estimates
May 14, 2024
CHINA’S Alibaba Group Holding reported an 86 per cent plunge in fourth-quarter profit on Tuesday (May 14) primarily due to valuation changes from equity investments, pushing its US-listed shares...
Tencent Music beats quarterly revenue estimates
Tencent Music beats quarterly revenue estimates
May 13, 2024
China’s Tencent Music Entertainment Group beat first-quarter revenue estimates on Monday (May 13), thanks to steady growth in paid subscriptions and advertising services on its Spotify-like music streaming platform.The...
Japan’s Nippon Steel full-year profit down 21%, beats estimates
Japan’s Nippon Steel full-year profit down 21%, beats estimates
May 9, 2024
Nippon Steel, Japan’s biggest steel maker, posted on Thursday (May 9) a 20.8 per cent fall in net profit for the year ended in March to 549.4 billion yen...
Manulife profit beats on growth in Asia, wealth management
Manulife profit beats on growth in Asia, wealth management
May 9, 2024
MANULIFE Financial posted first-quarter profit that beat analysts’ estimates, boosted by continued strength in its Asia operations and wealth-management business.Core earnings increased 16 per cent from a year earlier...
Fox profit beats estimates as lower costs help offset ad revenue weakness
Fox profit beats estimates as lower costs help offset ad revenue weakness
May 8, 2024
Fox Corp beat Wall Street estimates for third-quarter profit on Wednesday (May 8), due to lower expenses, even as its revenue tumbled more than 15 per cent on weakness...
New York Times beats profit estimates on bundle strength
New York Times beats profit estimates on bundle strength
May 8, 2024
NEW York Times reported first-quarter profits that beat analysts’ expectations, driven by the strength of the publisher’s online offerings. Earnings came to 31 cents a share, excluding some items, the...
Lyft beats on bookings, adds new riders
Lyft beats on bookings, adds new riders
May 7, 2024
LYFT reported first-quarter results and financial guidance that beat investors’ expectations, a sign of the company’s ability to retain and attract new riders in the US and Canada.Gross bookings...
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
May 2, 2024
TICKETMASTER parent Live Nation Entertainment beat estimates for first-quarter revenue on Thursday, driven by the popularity of live events such as concerts, sending its shares up more than 3...
Moderna beats quarterly estimates as cost-cutting pares losses
Moderna beats quarterly estimates as cost-cutting pares losses
May 2, 2024
Moderna reported a narrower first-quarter loss than Wall Street had expected, as the biotech giant’s cost-cutting helped offset a steep decline in its Covid business.The Cambridge, Massachusetts-based company reported...
Shell maintains pace of buybacks as profit beats estimates
Shell maintains pace of buybacks as profit beats estimates
May 2, 2024
Shell kept up the pace of share buybacks as first-quarter profit dropped less than expected, maintaining the focus on shareholder returns that has become a hallmark of the oil...