Profit

India’s Reliance reports drop in Q2 profit on weaker fuel margins
India’s Reliance reports drop in Q2 profit on weaker fuel margins
October 14, 2024
INDIA’S Reliance Industries reported a drop in second-quarter profit on Monday, hurt by weak fuel refining margins and lower demand for petrochemicals. The Mukesh Ambani-led conglomerate posted a consolidated profit...
TSMC third-quarter profit seen jumping 40% on strong AI chip demand
TSMC third-quarter profit seen jumping 40% on strong AI chip demand
October 14, 2024
TAIWAN Semiconductor Manufacturing Company (TSMC), the main producer of advanced chips used in artificial intelligence (AI) applications, is expected to report a 40 per cent leap in third-quarter profit...
TSMC third-quarter profit seen jumping 40% on strong AI chip demand
TSMC third-quarter profit seen jumping 40% on strong AI chip demand
October 14, 2024
TAIWAN Semiconductor Manufacturing Company (TSMC), the main producer of advanced chips used in artificial intelligence (AI) applications, is expected to report a 40 per cent leap in third-quarter profit...
Wells Fargo’s profit falls on lower interest income
Wells Fargo’s profit falls on lower interest income
October 11, 2024
WELLS Fargo’s profit fell in the third quarter as the bank’s interest income was squeezed by subdued loan demand and higher payments to depositors. The fourth-largest US lender reported net...
Wells Fargo’s profit falls on lower interest income
Wells Fargo profit beats forecasts as provisions shrink, shares rise
October 11, 2024
WELLS Fargo’s profit beat analysts’ expectations in the third quarter, helped by resilience in wealth management and lower provisions for credit losses, which sent its shares up 3.5 per...
JPMorgan profit drops on bigger provisions for loan losses
JPMorgan profit drops on bigger provisions for loan losses
October 11, 2024
JPMORGAN Chase’s profit dropped in the third quarter as it built up provisions for potential loan defaults, the bank said on Friday (Oct 11). Profit was US$12.90 billion for the...
JPMorgan profit drops on bigger provisions for loan losses
JPMorgan profit drops as it sets aside bigger provisions, but interest income climbs
October 11, 2024
JPMORGAN Chase’s third-quarter profit dropped as it set aside more money to cover potential loan defaults, while rising interest payments and investment banking revenue lifted its shares before the...
Autonomous driving profit margins will take years to grow, Uber CEO says
Autonomous driving profit margins will take years to grow, Uber CEO says
October 10, 2024
UBER Technologies has been prioritising safety over profits, as the company develops its autonomous driving fleet.“The most important factor is, ‘Can we make this technology safe? Can we build...
Autonomous driving profit margins will take years to grow, Uber CEO says
Profit margins from autonomous driving will take years to grow: Uber CEO
October 10, 2024
UBER Technologies has been prioritising safety over profits, as the company develops its autonomous driving fleet.“The most important factor is, ‘Can we make this technology safe? Can we build...
Delta forecasts record fourth quarter profit on improved pricing, strong holiday bookings
Delta forecasts record fourth quarter profit on improved pricing, strong holiday bookings
October 10, 2024
DELTA Airlines said on Thursday (Oct 10) that the current quarter has shaped up to be one of the most profitable fourth quarters in its history, with improved pricing...