Company Results & Outlooks


L&T June quarter profit falls short of estimates

MUMBAI Construction firm Larsen & Toubro Ltd reported a quarterly profit well below analysts' estimates, as several of its local infrastructure orders were deferred, leading to a decline in domestic business.

ICICI Bank profit falls as bad loan provisions surge

MUMBAI ICICI Bank Ltd, India's top private sector lender by assets, reported first-quarter profit fell about 25 percent as its provisions for bad loans more than doubled.

Top News, 29 Jul 2016

Oil rout erodes second quarter profits for U.S. majors Exxon, Chevron

HOUSTON Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in profit, as the long crude price rout and tumbling refining income inflicted pain across the energy sector. | Video

30 Jul 2016

Sony keeps profit outlook as PlayStation 4 software sales surge

TOKYO Japan's Sony Corp said a strong yen and slower smartphone sales would weigh on its cash-generating image sensor business this year, but the popularity of its PlayStation 4 videogame should help it reach its profit target.

Tech, Japan 29 Jul 2016

Alphabet posts strong revenue on video market, stock surges

Alphabet Inc , Google's parent, on Thursday revealed that efforts to push its vast advertising business towards mobile is paying off as second quarter earnings handily beat Wall Street's expectations.

Tech 29 Jul 2016

Amazon tops Wall Street targets, lifted by cloud revenue

Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well.

Tech, 29 Jul 2016

Ford calls an end to U.S. auto boom, rivals bet other way

DETROIT Ford Motor Co on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. | Video

Tech, 29 Jul 2016

Expedia revenue misses estimates, mulls listing for Trivago

Expedia Inc reported lower-than-expected quarterly revenue due to higher promotions for its member loyalty programme and discounts to promote new hotel listings, sending the company's shares down more than 6 percent in extended trading.

29 Jul 2016

SoftBank sees sharp recovery for Sprint, flags much investment for ARM

TOKYO Japan's SoftBank Group Corp on Thursday flagged a sharp recovery for struggling U.S. unit Sprint and was bullish about long-term prospects for soon-to-be-acquired UK chip designer ARM.

Japan 28 Jul 2016

Fall in Volkswagen brand profit shows lasting effects of scandal

BERLIN Volkswagen reported a 12 percent drop in quarterly profit at its main passenger car division on Thursday, a big improvement on the quarter before but showing the challenges it still faces to overcome its emissions scandal.

Tech, 28 Jul 2016