Posts Tagged ‘Profits’

Components drive record Samsung profits as mobile sales slide

Components drive record Samsung profits as mobile sales slide

Samsung Electronics has reported Q1 earnings in line with its guidance: as predicted, the company made an operating profit of 9.9 trillion won (about $ 8.7 billion), its second biggest quarter ever and its highest ever figure for the January to March period. Revenue was 50.55 trillion won, or about $ 44.7 billion. Samsung...

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Facebook earned record profits in 2015

Facebook earned record profits in 2015

Facebook’s strong growth continued into the fourth quarter of 2015, with the company posted record earnings for the quarter and the year. The company earned $ 3.69 billion on $ 17.93 billion in revenue in 2015; revenue was up 44 percent from 2014. On average, 1.04 billion people use Facebook every day, up 17...

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Faster production of jets pushes up Boeing’s profits

Faster production of jets pushes up Boeing’s profits

FILE – In this June 16, 2015, file photo, the pilot of a Boeing 787 Dreamliner waves to onlookers prior to its demonstration flight at the Paris Air Show, at Le Bourget airport, north of Paris. Boeing Co., on Wednesday, Oct. 21, 2015, reported third-quarter earnings of $ 1.7 billion. The Chicago-based company said...

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N.Y. Fed: Profits at Big U.S. Banks Soar Since Crisis

N.Y. Fed: Profits at Big U.S. Banks Soar Since Crisis

Filed under: Company News, Financial Reform, Federal Reserve, Banks, Scandals and Lawsuits David Karp/AP By Richard Leong NEW YORK — Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released Wednesday. From 2009 to 2014, the...

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Economy Shrinks in 1Q; Rising Dollar Hits Corporate Profits

Economy Shrinks in 1Q; Rising Dollar Hits Corporate Profits

Filed under: Currency, Economic Indicators, Gas Prices, GDP, Economy Charlie Riedel/AP By Lucia Mutikani WASHINGTON — The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity has rebounded modestly. The government Friday slashed its gross...

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Encana looks forward after lower profits

Encana looks forward after lower profits

Daniel J. GraeberCALGARY, Alberta, May 12 (UPI) — Largely from U.S. shale basins, Canadian energy company Encana Corp. said Tuesday its production improved, though profits took a major hit. Top News – UPI.com

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GM’s Profits Disappoint Investors – but Its New Trucks Shine

GM’s Profits Disappoint Investors – but Its New Trucks Shine

Filed under: Company News, Earnings, General Motors, Automotive Industry, Manufacturing GMA big boost in Chevy Silverado sales helped GM’s profits. But the company still has work to do overseas. General Motors (GM) said that it earned $ 945 million in the first quarter, a big increase from a year ago — but less than...

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GDP Slows to 2.2% in Q4; Corporate Profits Fall

GDP Slows to 2.2% in Q4; Corporate Profits Fall

Filed under: Economic Indicators, GDP, Manufacturing, Economy Charlie Riedel/APWorkers on the Ford F-150 assembly line at its plant in Claycomo, Mo. By Lucia Mutikani WASHINGTON — U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits recorded their biggest drop since early 2011, as a strong dollar dented the...

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For business, more women in charge means bigger profits

For business, more women in charge means bigger profits

In this photo taken Friday, Jan. 30, 2015, aromatherapist Emma Arkell poses for a portrait with one of the natural remedies for the skin and body she makes near Winchester, England. Evidence is growing that gender equity is not just politically correct window-dressing, but good business. Yet while companies are trying to increase the...

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Dubai port giant DP World profits rise to $675M last year

Dubai port giant DP World profits rise to $675M last year

DUBAI, United Arab Emirates (AP) — Dubai-based international port operator DP World says its profit rose 12 percent in 2014, a year in which it assumed ownership of a sister company that runs free-trade zones in the Gulf emirate. The government-backed port operator said Thursday it earned $ 675 million in profit attributable to...

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