profit

Starbucks missed earnings expectations on Tuesday despite reporting lower profits on declining sales. The coffee giant attributed the earnings failure on declining consumer mood and unimpressive circumstances in China. Chief Executive Laxman Narasimhan stated that the...

The financial behemoth HSBC said on Tuesday that its first-quarter pre-tax profits dropped by $200 million to $12.7 billion. “We completed the sale of our Canada business and agreed the sale of our Argentina business, both...

The British pharmaceutical behemoth AstraZeneca announced on Thursday that its net profit for the first three months of the year increased by 21% as a result of a robust increase in sales of cancer medications. AstraZeneca...

Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing. The leading streaming television service said it...

Saudi Aramco said on Sunday that its 2023 profits were 24.7% less than the previous year’s due to weaker oil prices and output reductions. In 2023, the oil giant’s net income was 454.7 billion Saudi riyals...

The financial behemoth HSBC announced on Wednesday that it had made a “record profit” in 2023 due to a nearly eighty percent increase in pre-tax income. The bank also announced more share buybacks. Although higher interest...

The French luxury conglomerate Kering revealed on Thursday that its net profit and sales declined in 2023 and that its investment strategy will have an impact on its performance this year as it restructures its operations...

Amazon announced on Thursday that its earnings in the most recent quarter doubled to $14 billion, boosting nervous markets that had expected less owing to increasing labor, sourcing, and shipping expenses. The e-commerce behemoth claimed its...