Company Results & Outlooks

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Microsoft sales beat Street hopes, cloud profits up

SEATTLE - Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.

Ford's lower profit beats estimates; sales down on F-150 launch

DETROIT - Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck.

Amazon's holiday-quarter forecast disappoints, shares dive

SAN FRANCISCO - Amazon.com Inc's sales projections for the crucial holiday quarter disappointed Wall Street and third-quarter results missed forecasts, sending the online retailer's shares 9 percent lower on Thursday.

24 Oct 2014

GM posts higher-than-expected profit on strong N. American demand

DETROIT - General Motors Co on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.

Tesco accounting black hole deepens, chairman to step down

LONDON - Britain’s largest retailer Tesco reported a bigger than expected hole in its finances on Thursday after finding that accounting transgressions went back further than initially thought, prompting its chairman to quit.

23 Oct 2014

Mercedes-Benz narrows profit gap with German rivals

FRANKFURT - Daimler AG lifted sales and profits at its core Mercedes-Benz luxury car division in the third quarter, showing the group is narrowing the gap with rivals Audi and BMW.

23 Oct 2014

Hyundai Motor Q3 profit falls on firmer currency, sluggish sales

SEOUL - South Korean automaker Hyundai Motor posted a 29 percent fall in its third-quarter net profit, the steepest decline in at least six quarters, hit by slowing sales growth and a stronger local currency.

Finland's Nokia beats market expectations in Q3

HELSINKI - Finland's Nokia on Thursday beat market expectations as it reported strong third-quarter profit growth and lifted the profitability outlook for its core network unit on the back of network roll-outs in North America and China.

23 Oct 2014

Boeing profit jumps 18 pct, but cash is scarce

REUTERS - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business.

Aerospace & Defence 23 Oct 2014

Wipro sees rosier end to year as U.S. clients spend

BANGALORE - India's third-biggest software services firm Wipro Ltd , under pressure to improve lacklustre sales growth, said it saw a rosier end to the year as more confident U.S. clients increase spending.

Tech 22 Oct 2014
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Finance Minister Arun Jaitley favours interest rate cut - paper

NEW DELHI - Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation.