earnings - updates

Rappler's latest stories on earnings


Chocolate no lockdown comfort for Swiss cocoa giant

Jul 09, 2020 - 10:30 PM

Top chocolate manufacturer Barry Callebaut says coronavirus lockdowns across the globe hurt its sales in March-May 2020

Image from Barry Callebaut website

Samsung Electronics forecasts profits jump despite virus

Jul 07, 2020 - 11:15 AM

The world's biggest smartphone and memory chip maker estimates operating profit to be 8.1 trillion won ($6.8 billion) for April to June 2020, up from 6.6 trillion won in the same period last year

SAMSUNG. Photo by Jung Yeon-je/AFP

Alliance Global profits down 39% in Q1 2020

Jul 01, 2020 - 10:15 AM

The Taal Volcano eruption and the coronavirus pandemic hit Andrew Tan's empire

EARNINGS. Kevin and Andrew Tan. Photo from Alliance Global Group

Megaworld trims capex as coronavirus sinks profits by 9% in Q1 2020

Jun 29, 2020 - 6:05 PM

Megaworld joins other big companies in hitting pause on investments, as the coronavirus pandemic drags on

UK supermarket Tesco says sales jump in virus lockdown

Jun 26, 2020 - 11:10 PM

Tesco's online sales alone soar by a staggering 48.5% due to booming demand from customers staying at home

TESCO. A Tesco Extra supermarket in Wales. Photo from Shutterstock

Nike reports $790-million Q4 loss as sales plunge on virus hit

Jun 26, 2020 - 9:45 AM

Nike's quarterly revenues tumble 38% to $6.3 billion following huge declines in sales in most of the world

NIKE. A man walks past a Nike store at a mall in Beijing, China, on January 15, 2020. File photo by Wang Zhao/AFP

EasyJet losses deepen as virus impact felt

Jun 25, 2020 - 12:10 PM

British airline EasyJet posts a net loss of 324 million pounds ($403 million, 357 million euros) in the 1st half of its fiscal year

EASYJET. An Airbus A321 of low-cost passenger carrier EasyJet is pictured in France on November 24, 2016. File photo by Pascal Pavani/AFP

India's Tata Motors reports $1.3-billion loss as coronavirus bites

Jun 15, 2020 - 11:25 PM

Tata Motors CEO Guenter Butschek cites 'subdued demand across segments.' But the company expects sales to gradually recover for the rest of the financial year.

TATA MOTORS. The company is badly hit by the coronavirus pandemic. Photo from Tata Motors website

Dennis Uy's Udenna nets P3.4 billion in 2019, wary of virus impact for 2020

Jun 09, 2020 - 2:35 PM

Udenna Land delivers strong revenues for Dennis Uy's growing empire, but the coronavirus pandemic hurts prospects for 2020

Earnings crash: PAL suffers net loss of P9.4 billion in Q1 2020

Jun 05, 2020 - 9:05 PM

Philippine Airlines' passenger revenues fall 21.5%, as travel restrictions hurt the aviation industry

Lufthansa reports net loss of 2.1 billion euros in Q1 2020

Jun 03, 2020 - 9:25 PM

With 'very slow recovery' seen for global air traffic, Lufthansa says it must 'implement restructuring programs in all areas'

PARKED. Lufthansa planes in Frankfurt, Germany. File photo from Shutterstock

Zoom earnings soar as video meets become pandemic norm

Jun 03, 2020 - 9:23 AM

Zoom attracts 265,400 paying customers with at least 10 employees each in their 1st fiscal quarter of 2020 – an increase of 354% from the same period last year

ZOOM. In this photo illustration a Zoom App logo is displayed on a smartphone on March 30, 2020 in Arlington, Virginia. Photo by Olivier Douliery/AFP

Brazilian Embraer loses $292 million during virus-infected quarter

Jun 02, 2020 - 11:00 AM

Embraer, the world's 3rd largest airplane manufacturer, is affected by the coronavirus pandemic and also by expenses incurred from a scrapped takeover by Boeing

Photo from Embraer's Facebook page

Nissan reports heavy losses, to shut Barcelona plant

May 28, 2020 - 10:15 PM

Nissan logs a net loss of 671.2 billion yen ($6.2 billion) for the fiscal year ending March 2020, and announces it is closing its Barcelona plant that employs 3,000 people

The logo of Nissan is covered by smoke columns as employees burn tyres in front of the Japanese cars manufacturer's plant in Barcelona on May 28, 2020, to they protest against the factory closure. - Japanese carmaker Nissan has decided to shut its factory in Barcelona where 3,000 people are employed, the Spanish government said today. (Photo by LLUIS GENE / AFP)

Jollibee reports net loss of P2.07 billion in Q1 2020 due to coronavirus

May 28, 2020 - 8:15 PM

Jollibee says it will incur even higher losses in the 2nd quarter. It is also slashing its capex by 63% and will be 'very selective' in opening new stores.

Norwegian Air Shuttle enters 'hibernation' to ride out virus crisis

May 28, 2020 - 5:00 PM

Norwegian Air Shuttle posts a loss of 3.28 billion kroner (302 million euros, $333 million) in the 1st quarter of 2020

RESCUE PLAN. A Norwegian Air plane. Photo from Shutterstock

Petron suffers net loss of P4.9 billion in Q1 2020 due to coronavirus

May 26, 2020 - 3:25 PM

Petron registers losses as the demand crunch in the oil market deepens during the coronavirus pandemic

Dubai investment arm's net profit rises in 2019

May 20, 2020 - 11:25 PM

The Investment Corporation of Dubai, which owns giant firms like Emirates Airline, posts a 16.9% increase in net profit in 2019

EMPTY. Dubai's Sheikh Zayed road is deserted during a curfew imposed by the authorities in a bid to slow down the spread of the novel coronavirus in the Emirati city on April 5, 2020. File photo by Karim Sahib/AFP

Marks & Spencer warns of virus impact as profits halve

May 20, 2020 - 10:30 PM

Marks & Spencer's net profit for the fiscal year ending March 28 collapses 49.5% to £27.4 million ($33 million, 30 million euros)

Panic buying boosts profits, tests supply chain at Walmart

May 19, 2020 - 11:55 PM

(UPDATED) Walmart's profits rise 3.9% to $4 billion in the 1st quarter, driven by its e-commerce business which surged amid the coronavirus pandemic

HIRING. A Walmart store in Las Vegas, Nevada. Photo from Shutterstock

Ryanair profit dives on virus, oil impact

May 18, 2020 - 11:45 PM

(UPDATED) Ryanair's profit including exceptional items sinks 27% to almost 649 million euros ($694 million) in the fiscal year ending March 2020

RYANAIR. Two of the airline's planes in Madrid, Spain. Photo from Shutterstock

SM profits down 5% in Q1 2020 as it waives mall rent over virus

May 15, 2020 - 6:40 PM

SM Prime maintains its 2020 capex at P80 billion despite the coronavirus crisis

Petrobras books steep loss amid 'worst crisis in 100 years'

May 15, 2020 - 10:35 AM

The earnings of Brazil's Petrobras in the 1st quarter of 2020 are down more than 1,300% compared to a year ago, as the coronavirus pandemic hits oil demand

CONTROVERSIAL. The headquarters of Brazil's state-owned oil company Petrobras in the center of Rio de Janeiro, on January 21, 2016. Vanderlei Almeida/AFP

Singapore Airlines reports nearly $150-million virus loss

May 14, 2020 - 8:20 PM

With the coronavirus pandemic paralyzing the aviation industry, Singapore Airlines suffers a net loss for the financial year that ended on March 31

DREAMLINER. File photo of Singapore Airlines (SIA) world's first Boeing 787-10 aircraft taxis to the terminal after its arrival from Boeing's production facility in North Charleston, South Carolina at Singapore Changi Airport on March 28, 2018.  Photo by Roslan Rahman/AFP

Ayala Corp profits down 17% in Q1 2020 as pandemic batters economy

May 14, 2020 - 1:55 PM

'This unprecedented health crisis has resulted in a radical transformation of societies, economies, and businesses, including the Ayala group,' says Ayala president and COO Fernando Zobel de Ayala

China tech giant Tencent's net profit jumps during pandemic

May 13, 2020 - 7:59 PM

Tencent, one of the largest listed companies on the Hong Kong stock exchange, says net profit rose 29% from a year earlier to 28 billion yuan, or $3.95 billion

Sony annual net profit slumps, warns of tough year

May 13, 2020 - 3:53 PM

(UPDATED) Sony suffers 'significant decreases' in sales of electronics products as well as in games and network businesses despite robust demand for image sensors used in cellphone cameras

SONY. A Sony logo is displayed near the company's headquarters in Tokyo on May 13, 2020. Photo by Charly Triballeau/AFP

Allianz profit slumps on virus impact

May 12, 2020 - 9:15 PM

Like other insurers, Allianz is facing a flood of payouts over events that have had to be canceled or scaled down because of lockdowns

ALLIANZ. The company's building in Singapore. Photo from Shutterstock

Thyssenkrupp losses deepen on virus woes

May 12, 2020 - 9:00 PM

German conglomerate Thyssenkrupp reports a net loss of 948 million euros ($1.02 billion) in January-March 2020

Saudi Aramco tips difficult 2020 as crisis hits quarterly profits

May 12, 2020 - 7:05 PM

(UPDATED) Saudi Aramco – the world's largest listed firm – posts a net profit of $16.66 billion in the 1st quarter of 2020, lower than $22.2 billion a year ago

SAUDI ARAMCO. Investors stand in front of the logo of Saudi state oil giant Aramco during the 10th Global Competitiveness Forum in Riyadh on January 25, 2016. File photo by Fayez Nureldine/AFP

Coronavirus, Taal eruption sink Ayala Land profits 41% in Q1 2020

May 11, 2020 - 10:35 AM

Ayala Land also slashes its capital expenditures by P40 billion due to the coronavirus crisis

Emirates predicts 18-month lull in air demand

May 10, 2020 - 5:30 PM

Emirates posts 1.1 billion dirhams ($288 million) in net profit for the financial year ending March 2020, but it notes the severe impact of the coronavirus pandemic on the aviation industry

DEPARTURE. Mask-clad passengers bound for Frankfurt walk past check-in counters at Dubai International Airport on April 6, 2020. Photo by Karim Sahib/AFP

Dutch bank ING posts steep plunge in Q1 2020 net profit

May 08, 2020 - 10:10 PM

ING's net profit falls by 40.1% in January-March 2020 to 670 million euros ($724 million)

ING. The bank's logo illuminated in Amsterdam, the Netherlands. Photo from Shutterstock

Coronavirus sinks ICTSI's profits by 18% in Q1 2020, cuts capex by 60%

May 08, 2020 - 3:35 PM

ICTSI's profits drop as the coronavirus pandemic cripples global trade

Puma wins Germany loan worth 625 million euros

May 07, 2020 - 7:40 PM

Sportswear company Puma announces the loan as it posts a 61.6% drop in net profit in the 1st quarter of 2020

PUMA. A store sign of the shoe company in Munich, Bavaria, Germany. Photo from Shutterstock

For the first time, MPIC quarterly earnings fall, capex halved

May 07, 2020 - 6:30 PM

Despite the harsh earnings dip in the 1st quarter of 2020, Metro Pacific Investments Corporation chairman Manny Pangilinan says workers' welfare comes first over profitability

British Airways parent dives into huge quarterly loss

May 07, 2020 - 4:35 PM

International Airlines Group posts a net loss of 1.68 billion euros ($1.8 billion) in the 1st quarter of 2020

BRITISH AIRWAYS. An aircraft of the airline parked in Frankfurt, Germany. Photo from Shutterstock

PLDT slashes capex by P20 billion in 2020, virus delays 5G rollout

May 07, 2020 - 3:45 PM

PLDT mobile revenues jump 40% as people stay at home, but the company posts lower earnings due to higher expenses in the 1st quarter of 2020

General Motors profits dive, aims to reopen U.S. plants May 18

May 07, 2020 - 6:45 AM

United States auto giant General Motors reports that earnings plunged 86% to $294 million in the 1st quarter of 2020

ASSEMBLY LINE. General Motors vehicles go through the assembly line at the General Motors Lansing Delta Township Assembly Plant in Lansing, Michigan, on February 21, 2020. File photo by Bill Pugliano/Getty Images/AFP

Barbie maker Mattel reports big loss on weak sales

May 06, 2020 - 10:15 AM

Mattel suffers a $210.7-million loss in the 1st quarter of 2020 as coronavirus shutdowns hurt toy sales

60 YEARS YOUNG. With continuous global sales and a strong social media presence, the iconic doll, who turns 60 soon, isn't slowing down. Photo from Barbie's Twitter account

Oil collapse wipes out profits at Total

May 05, 2020 - 5:35 PM

French oil giant Total's net profit plummets to $34 million in the 1st quarter of 2020, a 99% drop from the $3.1 billion a year earlier

TOTAL. The French company is a global energy player. Photo from Shutterstock

Globe to cut spending by P2 billion as Q1 2020 earnings fall 3%

May 05, 2020 - 4:20 PM

Globe joins other Ayala companies in cutting capex for the year, as the conglomerate carefully analyzes the impact of the coronavirus crisis on the business environment

General Electric to cut 10,000 aviation jobs

May 05, 2020 - 10:30 AM

The job cuts are part of a $3-billion savings plan that will be implemented in 2020 as General Electric feels the impact of the coronavirus crisis

GE AVIATION. A General Electric Aviation facility in Lafayette, Indiana. Photo from Shutterstock

Air Canada's Q1 2020 loss surpasses Can$1 billion

May 04, 2020 - 11:00 PM

'We are now living through the darkest period ever in the history of commercial aviation,' says Air Canada CEO Calin Rovinescu

FLAG CARRIER. An Air Canada Boeing 700-200. Photo from Shutterstock

RCBC profit soars 77% in Q1 2020 on forex, trading gains

May 04, 2020 - 5:15 PM

Yuchengco-led RCBC posts impressive gains in the 1st quarter of 2020 despite headwinds from the coronavirus pandemic

Warren Buffett: 'American magic' will spur U.S. economic recovery

May 03, 2020 - 9:30 AM

Warren Buffett expresses confidence in the United States economy, even as his holding company Berkshire Hathaway suffers a $49.75-billion loss in the 1st quarter of 2020

Warren Buffett, CEO of Berkshire Hathaway, attends the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. (Photo by Johannes EISELE / AFP)

U.S. petroleum giants slash capital budgets after oil price crash

May 01, 2020 - 9:55 PM

ExxonMobil reduces capital spending by 30% to around $23 billion for 2020, while Chevron further trims its capital spending to $14 billion

OIL GIANT. The ExxonMobil refinery in Notre-Dame-de-Gravenchon, France, on May 23, 2016. File photo by Charly Triballeau/AFP

McDonald's profits fall on virus as consumer traffic shifts in upheaval

May 01, 2020 - 8:45 AM

Fast-food giant McDonald's records $1.1 billion in profits in the 1st quarter of 2020, a 17% drop as the coronavirus pandemic triggered lockdowns worldwide

MCDONALD'S. The logo of the fast-food giant at a branch in Belarus. Photo from Shutterstock

Virus expenses hit Amazon's bottom line

May 01, 2020 - 8:31 AM

CEO Jeff Bezos says all profits in the April-June quarter would be erased by expenses linked to the global virus outbreak

AMAZON. This file photo taken on November 28, 2019 shows the Amazon logo at one of the company's centers in Bretigny-sur-Orge on November 28, 2019. Photo by Thomas Samson/AFP

Apple boosts revenues, profits dip in pandemic-hit quarter

May 01, 2020 - 8:25 AM

CEO Tim Cook says that Apple feels its supply chain rebounded well from the pandemic disruption and that it isn't planning any dramatic shift from relying on partners in China

APPLE. In this file photo taken on September 10, 2019 the apple logo is projected on a screen before the start of a product launch event at Apple's headquarters in Cupertino, California. Photo by Josh Edelson/AFP