Issues Second Profit

Sony stock rises as gaming and imaging units boost profits

Sony shares rose in premarket trade Friday after the company reported booming profit growth in the fiscal second quarter.

Business - MarketWatch - November 8

British Airways owner announces stock buyback as profit grows 17%

British Airways owner International Airlines Group announced a stock buyback after reporting rising profits and margins.

Business - MarketWatch - November 8

Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure

The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.

Business - The Wall Street Journal - November 11

SoftBank returns to profit as Indian IPOs boost Vision Fund gains

Investors await founder Masayoshi Son’s next big move on artificial intelligence

Business - Financial Times - November 12

Japan's SoftBank returns to profit after gains at Vision Fund and other investments

Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments

Tech - ABC News - November 12

Spotify shares pop on better-than-expected profit forecast

Shares of Spotify rose in after-hours trading as investors focused on the company's profit forecast more than its third-quarter results.

Business - CNBC - November 12

Tencent posts better-than-expected 47% profit surge as games, AI tools shine

Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly.

Business - CNBC - November 13

Mali’s junta escalates fight with mining groups over profit share

Resolute Mining chief and colleagues held as junta want greater share of gold producers’ profits

Business - Financial Times - November 13

ABN Amro Posts Profit Beat, Delays Next Buyback Decision

ABN Amro Bank will take longer than expected to decide on its next share buyback as it adapts to new capital rules, sending shares lower in early trading despite the Dutch lender’s ...

Business - The Wall Street Journal - November 13

Disney’s stock surges as streaming profits grow and film releases shine

“Inside Out 2” and “Deadpool & Wolverine” were big winners for Disney in the latest quarter.

Business - MarketWatch - November 14

Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes

The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it benefited from high demand for electrical infrastructure driven by data centers.

Business - The Wall Street Journal - November 14

Swiss Re Net Profit Falls On U.S. Liability Reserve Increase

The reinsurer said resilient underwriting and contributions from all its business lines were offset by a $2.4 billion increase in the liability reserves of its property and casualty U.S. business.

Business - The Wall Street Journal - November 14

Alibaba’s stock turns lower as investments to meet AI demand hurt profitability

Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.

Business - MarketWatch - November 15

Alibaba posts profit beat as China looks to prop up tepid consumer spend

The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.

Business - CNBC - November 15

Disney is turning record parks profits — even before its big expansions

Disney is breaking ground on new additions and updates to its theme parks, but it will be several years before they become available to the public.