Beats
Geely profit beats estimates even as China’s price war rages on
GEELY Automobile Holdings, the Hong Kong-listed arm of billionaire Li Shufu’s auto empire, posted earnings that beat estimates and reiterated an outlook for further sales growth this year despite...
China’s Xiaomi Q4 2023 revenue rises 11%, beats estimates
CHINESE smartphone maker Xiaomi reported a 10.9 per cent rise in fourth-quarter revenue on Tuesday (Mar 19), boosted by strong smartphone sales in an industry showing signs of recovery....
Tencent Music beats quarterly revenue estimates
CHINA’S Tencent Music Entertainment Group beat fourth-quarter revenue estimates on Tuesday (Mar 19), driven by growth in paid subscription on its Spotify-like music streaming platform. The audio entertainment platform...
Deliveroo beats earnings guidance, sees positive cash flow in 2024
BRITISH meal delivery company Deliveroo reported better-than-expected core earnings of £85 million (S$145.1 million) for 2023, and expected further progress during 2024 with a move into positive cash flow....
JD.com beats quarterly revenue estimates as heavy discounts buoy demand
CHINESE online retailer JD.com reported fourth-quarter revenue above estimates on Wednesday (Mar 6) and upsized its share repurchase program, as aggressive price cuts helped revive demand from consumers grappling...
Canada’s RBC beats profit estimates boosted by higher interest income
CANADA’S No 1 lender Royal Bank of Canada on Wednesday (Feb 28) beat analysts’ estimates for quarterly profit as higher interest rates helped the bank earn more on its...
Moderna beats sales estimates as Covid shot gains market share
MODERNA reported fourth-quarter revenue that beat analysts’ expectations by gaining Covid vaccine market share on its rival, Pfizer. The company posted quarterly revenue of US$2.8 billion for its Covid-19...
China’s Lenovo posts Q3 revenue growth, beats analyst estimates
CHINA’S Lenovo Group, the world’s largest maker of personal computers (PCs), on Thursday (Feb 22) reported October to December revenue of US$15.72 billion, up 3 per cent from the...
