Profit
Nissan cuts annual operating profit estimate by 14.5% on lower sales
NISSAN Motor slashed its annual operating profit estimate by 14.5 per cent on Friday (Apr 19) citing lower-than-expected vehicle sales and other factors.Japan’s third-largest automaker by volume now estimates...
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
MARINA Bay Sands (MBS) reported a record performance in the first quarter of 2024, with profit surging 51.5 per cent year on year.Its adjusted property earnings before interest, taxes,...
Nokia sees stronger H2 after Q1 comparable profit grows less than expected
FINNISH telecom gear maker Nokia reported on Thursday (Apr 18) a smaller rise than expected in first-quarter comparable operating profit as sales tumbled when operators reduced spending on 5G...
TSMC posts first profit growth in a year after global AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC) posted its first profit rise in a year, after strong artificial intelligence (AI) demand revived growth at the world’s biggest contract chipmaker.The main chipmaker...
Abbott beats quarterly profit estimates on strong medical device sales
ABBOTT Laboratories beat Wall Street estimates for quarterly profit on Wednesday (Apr 17) and raised the lower end of its forecast, as robust demand for medical procedures boosted sales...
J&J profit beats Wall Street estimates
JOHNSON & Johnson’s first-quarter profit beat estimates as the health giant’s drug sales came in higher than Wall Street analysts expected. Adjusted quarterly profit was US$2.71 a share, J&J said...
Bank of America profit falls on lower customer interest payments
BANK of America’s (BofA) first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards.BofA is among the large lenders, including...
Morgan Stanley’s profit rises as investment banking recovers
MORGAN Stanley’s profit rose in the first quarter, lifted by a resurgence in investment banking.
The Wall Street bank on Tuesday (Apr 16) reported net income of US$3.4 billion, or...