Profit
Ericsson’s Q1 profit grows unexpectedly, eyes stabilisation of sales in H2
TELECOM equipment maker Ericsson reported on Tuesday (Apr 16) a first-quarter adjusted profit that beat expectations and said sales might stabilise in the second half of the year despite...
TSMC first-quarter profit expected to rise 5% on strong AI chip demand
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI) applications, is expected to report a 5 per cent rise in first-quarter profit...
Goldman Sachs profit jumps 28% on investment banking strength
GOLDMAN Sachs profit rose 28 per cent in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported on...
Goldman Sachs’ profit beats as investment banking fuels highest earnings since 2021
GOLDMAN Sachs’ first-quarter profit beat Wall Street estimates as a recovery in underwriting and dealmaking boosted its investment banking unit, helping it post the highest earnings per share since...
China’s CATL sees profit swing back to growth in Q1
CHINESE electric vehicle battery giant CATL reported a rise of 7 per cent in first-quarter profit on the year, a stock filing showed on Monday (Apr 15), reversing a...
Citi profit drops as costs rise for employee severance, deposit insurance
CITIGROUP’S profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund.
Net income...
Wells Fargo profit shrinks more than 7% on lower interest income
WELLS Fargo’s profit fell more than 7 per cent as it earned less from customer interest payments in the first quarter, sending its shares down 3 per cent in...
JPMorgan’s profit rises on interest income strength
JPMORGAN Chase on Friday (Apr 12) forecast full-year income from interest payments below analysts’ expectations as the industry prepares for widely expected rate cuts by the US Federal Reserve...
