Rappler's latest stories on earnings
Chocolate no lockdown comfort for Swiss cocoa giant
Top chocolate manufacturer Barry Callebaut says coronavirus lockdowns across the globe hurt its sales in March-May 2020
Samsung Electronics forecasts profits jump despite virus
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
Alliance Global profits down 39% in Q1 2020
The Taal Volcano eruption and the coronavirus pandemic hit Andrew Tan's empire
Megaworld trims capex as coronavirus sinks profits by 9% in Q1 2020
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
Tesco's online sales alone soar by a staggering 48.5% due to booming demand from customers staying at home
Nike reports $790-million Q4 loss as sales plunge on virus hit
Nike's quarterly revenues tumble 38% to $6.3 billion following huge declines in sales in most of the world
EasyJet losses deepen as virus impact felt
British airline EasyJet posts a net loss of 324 million pounds ($403 million, 357 million euros) in the 1st half of its fiscal year
India's Tata Motors reports $1.3-billion loss as coronavirus bites
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.
Dennis Uy's Udenna nets P3.4 billion in 2019, wary of virus impact for 2020
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
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
With 'very slow recovery' seen for global air traffic, Lufthansa says it must 'implement restructuring programs in all areas'
Zoom earnings soar as video meets become pandemic norm
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
Brazilian Embraer loses $292 million during virus-infected quarter
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
Nissan reports heavy losses, to shut Barcelona plant
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
Jollibee reports net loss of P2.07 billion in Q1 2020 due to coronavirus
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
Norwegian Air Shuttle posts a loss of 3.28 billion kroner (302 million euros, $333 million) in the 1st quarter of 2020
Petron suffers net loss of P4.9 billion in Q1 2020 due to coronavirus
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
The Investment Corporation of Dubai, which owns giant firms like Emirates Airline, posts a 16.9% increase in net profit in 2019
Marks & Spencer warns of virus impact as profits halve
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
(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
Ryanair profit dives on virus, oil impact
(UPDATED) Ryanair's profit including exceptional items sinks 27% to almost 649 million euros ($694 million) in the fiscal year ending March 2020
SM profits down 5% in Q1 2020 as it waives mall rent over virus
SM Prime maintains its 2020 capex at P80 billion despite the coronavirus crisis
Petrobras books steep loss amid 'worst crisis in 100 years'
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
Singapore Airlines reports nearly $150-million virus loss
With the coronavirus pandemic paralyzing the aviation industry, Singapore Airlines suffers a net loss for the financial year that ended on March 31
Ayala Corp profits down 17% in Q1 2020 as pandemic batters economy
'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
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
(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
Allianz profit slumps on virus impact
Like other insurers, Allianz is facing a flood of payouts over events that have had to be canceled or scaled down because of lockdowns
Thyssenkrupp losses deepen on virus woes
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
(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
Coronavirus, Taal eruption sink Ayala Land profits 41% in Q1 2020
Ayala Land also slashes its capital expenditures by P40 billion due to the coronavirus crisis
Emirates predicts 18-month lull in air demand
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
Dutch bank ING posts steep plunge in Q1 2020 net profit
ING's net profit falls by 40.1% in January-March 2020 to 670 million euros ($724 million)
Coronavirus sinks ICTSI's profits by 18% in Q1 2020, cuts capex by 60%
ICTSI's profits drop as the coronavirus pandemic cripples global trade
Puma wins Germany loan worth 625 million euros
Sportswear company Puma announces the loan as it posts a 61.6% drop in net profit in the 1st quarter of 2020
For the first time, MPIC quarterly earnings fall, capex halved
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
International Airlines Group posts a net loss of 1.68 billion euros ($1.8 billion) in the 1st quarter of 2020
PLDT slashes capex by P20 billion in 2020, virus delays 5G rollout
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
United States auto giant General Motors reports that earnings plunged 86% to $294 million in the 1st quarter of 2020
Barbie maker Mattel reports big loss on weak sales
Mattel suffers a $210.7-million loss in the 1st quarter of 2020 as coronavirus shutdowns hurt toy sales
Oil collapse wipes out profits at Total
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
Globe to cut spending by P2 billion as Q1 2020 earnings fall 3%
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
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
Air Canada's Q1 2020 loss surpasses Can$1 billion
'We are now living through the darkest period ever in the history of commercial aviation,' says Air Canada CEO Calin Rovinescu
RCBC profit soars 77% in Q1 2020 on forex, trading gains
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
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
U.S. petroleum giants slash capital budgets after oil price crash
ExxonMobil reduces capital spending by 30% to around $23 billion for 2020, while Chevron further trims its capital spending to $14 billion
McDonald's profits fall on virus as consumer traffic shifts in upheaval
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
Virus expenses hit Amazon's bottom line
CEO Jeff Bezos says all profits in the April-June quarter would be erased by expenses linked to the global virus outbreak
Apple boosts revenues, profits dip in pandemic-hit quarter
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
