Profit
FedEx slumps on quarterly profit miss, narrowed 2025 outlook
FEDEX cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.In what chief executive officer Raj Subramaniam called...
GameStop swings to unexpected profit even as sales slide
GAMESTOP reported a fourth consecutive quarter of falling sales, though the video-game retailer reported an unexpected profit.Revenue fell 31 per cent from a year earlier to US$798 million for...
BMW trims 2024 profit margin on technical issues, weak China demand
Technical actions related to its integrated braking systems will result in additional warranty costs in a high three-digit million amount in the third quarter, it saysBMW trimmed its profitability...
Oracle gains after profit tops estimates on cloud expansion
ORACLE jumped in extended trading after reporting better-than-expected quarterly profit, signalling that artificial intelligence (AI) demand continues to help its cloud computing business boost earnings.Earnings, excluding some items, were...
Petronas posts lower first-half profit despite rise in crude
The drop in net income was “primarily due to the deconsolidation of subsidiaries and higher taxation” Malaysia’s national oil company Petroliam Nasional posted a 19 per cent decline in...
Lloyd’s of London reports 26% jump in H1 profit
The market’s “superb” results reflected “a combination of disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet”Commercial insurance market Lloyd’s of London on Thursday (Sep...
Hewlett Packard Enterprise raises annual profit forecast on AI strength
HEWLETT Packard Enterprise (HPE) raised its annual profit forecast on Wednesday (Sep 4), as demand for artificial intelligence (AI) servers continues to pick up owing to higher investments in...
GoTo exits tough Vietnam market to focus on reaching profit
RIDE-HAILING provider GoTo Group is exiting Vietnam, abandoning a country where it’s been struggling to focus on reaching profitability in its main operations in Indonesia and Singapore.
The company’s Gojek...
