Tag Archives: earnings

Johannesburg, South Africa | AFP |  South African telecoms giant MTN said Thursday that it made a $200 million loss in 2016 — the company’s first — after suffering a huge fine in Nigeria and currency challenges in key markets. “MTN Group’s financial results for 2016 reflect the most challenging …

Tokyo, Japan | AFP | Toshiba shares plunged again Wednesday as it warned of a $6.2 billion writedown in its US nuclear power business and announced a probe into possible wrongdoing by the unit’s senior executives. One of Japan’s best-known firms, Toshiba shocked investors Tuesday when it failed to report …

Total confident despite volatile oil prices Paris, France | AFP |  French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices. Total said in a statement that its headline net profit soared 22 …

San Francisco, United States | AFP |  Yahoo said Monday that the closing of a $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. A close originally set for this quarter has been pushed into next quarter, the pioneering internet …

San Francisco, United States | AFP |  Netflix added a record seven million subscribers over the past quarter as part of its global expansion drive, fueling a surge in revenue and profit for the streaming television giant. California-based Netflix said in its quarterly report Wednesday it ended the year with …

  Geneva, Switzerland | AFP |  The aviation industry is set to post record net earnings this year and is expected to remain profitable in 2017, despite rising oil prices and global political turbulence, its trade association said Thursday. “Airlines continue to deliver strong results. This year we expect a …

Beijing, China | AFP |  Chinese e-commerce giant Alibaba’s sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday. The year-on-year growth in group sales, to 34.29 billion yuan ($5.14 billion), was not matched by …

New York, United States | AFP | Thomson Reuters announced a new “streamlining” plan on Tuesday to cut an estimated 2,000 jobs at the financial information group as it reported flat revenues and a drop in profits. “Our core subscription businesses are moving in the right direction, our cost controls …

Washington, United States | AFP | Twitter said Thursday it has a path to growth and profitability, even as the struggling social network unveiled hefty job cuts and more losses after talks to find a buyer collapsed. The company said it would cut nine percent of its workforce after another …

San Francisco, United States | AFP | Twitter shares slid Tuesday after a quarterly update worsened investor fears that the one-to-many messaging service can win enough users to be a lucrative, mainstream hit. Twitter posted a loss for the first quarter of 2016 of $80 million, compared with a loss …