Company Results & Outlooks
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.