Business
Estee Lauder forecasts bleak quarterly profit, to cut up to 7,000 jobs
ESTEE Lauder on Tuesday (Feb 4) forecast third-quarter profit well below estimates, citing persistent weak demand at airports and travel…
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profit
Business
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing…
Business
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
UBS Group on Tuesday (Feb 4) posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to US$3…
Business
Japan’s biggest lender MUFG posts 32% jump in Q3 profit
Japan’s largest lender Mitsubishi UFJ Financial Group on Tuesday (Feb 4) reported a 32 per cent increase in quarterly net profit. Profit…
Business
Samsung Electronics posts 129.85% jump in Q4 operating profit
SAMSUNG Electronics said on Friday its operating profits surged 129.85 per cent year-on-year in the fourth quarter of 2024, but fell from…
Business
Visa profit climbs on cross-border growth, beating estimates
VISA reported a fiscal first-quarter profit that exceeded Wall Street estimates as the world’s biggest payments network posted…
Business
Sanofi plans 5 billion euro buyback, sees higher profit growth
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots…
Business
Levi’s bleak 2025 profit forecast after strong holiday quarter hits shares
LEVI Strauss forecast annual profit well below analysts’ estimates, taking a cautious stance despite a strong holiday quarter and sending…
Business
Las Vegas Sands misses profit estimates on weakness in Macao business
CASINO operator Las Vegas Sands missed analysts’ estimates for fourth-quarter profit on Wednesday (Jan 29), hurt by tepid performance of…
Business
Las Vegas Sands misses profit estimates on weakness in Macau business
CASINO operator Las Vegas Sands missed analysts’ estimates for fourth-quarter profit on Wednesday (Jan 29), hurt by tepid performance of…
Business
IBM beats profit estimates as AI shift boosts software performance, shares surge
IBM surpassed fourth-quarter profit estimates on Wednesday (Jan 29), driven by robust demand in its software unit as businesses ramped up…
Business
Tesla’s Profit Fell Sharply Last Year
Tesla on Wednesday reported a sharp drop in profit for 2024 as rivals in China, Europe and the United States chipped away at its lead in…
Business
Disney raises Bob Iger’s pay by 30%, reflecting turnaround in profit
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media…
Business
JPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its…
Business
Cathay Pacific to cut profit payout to staff by around 50%
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
Business
SK Hynix posts record quarterly profit surpassing Samsung on AI boom
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as…
Business
Charles Schwab’s fourth-quarter profit soars on higher asset management fees
BROKERAGE firm Charles Schwab said on Tuesday (Jan 21) that its profit rose 44 per cent in the fourth quarter driven by a jump in asset…
Business
TSMC profit beats estimates after year of rapid AI-driven growth
TAIWAN Semiconductor Manufacturing Company’s (TSMC) profit in the December quarter topped estimates with a 57 per cent rise, giving a…
Business
TSMC reports net profit rose 57% in fourth quarter amid surging AI technology demand
TAIWANESE chipmaking giant TSMC on Thursday (Jan 16) announced a better-than-expected net profit for the fourth quarter as it benefits…
Business
Goldman Sachs beats profit estimates; Wells Fargo benefits from dealmaking rebound
The investment bank’s shares rose 2.6% before the bell on Wednesday, while Wells Fargo’s profit was powered by a rebound in dealmaking…
Business
HC Surgical Specialists reports 2.1% lower half-year profit of S$3.4 million
Catalist-listed medical services provider HC Surgical Specialists’ net profit for the six months ended November 2024 was down 2.1 per cent…
Business
HC Surgical Specialists half-year profit down 2.1% at S$3.4 million
Catalist-listed medical services provider HC Surgical Specialists’ net profit for the six months ended November 2024 was down 2.1 per cent…
Business
Uniqlo operator posts higher Q1 profit despite sluggish China results
THE operator of the Uniqlo global clothing chain reported first quarter results on Thursday (Jan 9) that trailed analyst forecasts as a…
Business
Japan’s Seven & i Holdings reports 24% drop in third-quarter profit
Profit fell to 128 billion yen (S$1.1 billion) in the period from September to November Japan’s Seven & i Holdings, operator of the…