Company Results & Outlook


Google parent Alphabet's profit up 29 percent on strong ad sales

Google parent Alphabet Inc posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact.

Microsoft Surface sales sink, shares dip

Microsoft Corp slightly missed Wall Street's average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market.

Tech, Budget 2017, 4:41am IST

Amazon's results beat estimates, lifted by cloud unit; shares hit high

Amazon.com Inc on Thursday said revenue from its cloud business, advertising and subscription services rose in the first quarter, helping it beat profit expectations and sending its shares to an all-time high in extended trading.

Budget 2017, Tech 3:30am IST

Intel's revenue misses estimates as data centre growth slows

Intel Corp reported lower-than-expected quarterly revenue due to an unexpected slowdown in growth at its data centre business, on which the world's largest chipmaker is banking to reduce its reliance on the personal computer market.

Budget 2017, Tech 4:06am IST

Starbucks results disappoint, new CEO must brew up growth

LOS ANGELES Starbucks Corp's new chief executive has a tall order to fill in keeping the world's biggest coffee chain's promise to return to historic growth rates amidst stubborn U.S. restaurant and retail slumps.

Budget 2017, 4:44am IST

GoPro reports smaller-than-expected quarterly loss

Wearable device maker GoPro Inc reported a smaller-than-expected quarterly loss on Thursday, helped by strong sales of its flagship cameras and Karma drones.

3:59am IST

Singapore's United Overseas Bank first-quarter net up 5.4 percent, asset quality stable

SINGAPORE Singapore's United Overseas Bank posted a 5.4 percent rise in quarterly net profit on Friday, driven by higher net interest income and trading income.

5:32am IST

Baidu's weak forecast sends shares down

Chinese internet company Baidu Inc forecast current-quarter revenue largely below estimates, sending its U.S.-listed shares down about 6 percent in extended trading on Thursday.

3:01am IST

Maruti Suzuki's fourth-quarter profit up 16 percent on higher sales of premium models

NEW DELHI Maruti Suzuki India Ltd, the country's top-selling car maker, posted a 16 percent rise in fourth-quarter profit on higher sales of premium models such as the Brezza SUV and Baleno hatchback, but the profit was slightly below expectations.

Top News, Budget 2017, 27 Apr 2017

Kotak Mahindra sees bad loans falling, credit picking up

MUMBAI India's Kotak Mahindra Bank Ltd forecast a decline in bad loans and provisioning costs and a pick up in credit growth this financial year after reporting a better-than-expected 40 percent rise in fourth-quarter profit on Thursday.

Budget 2017, Top News 27 Apr 2017

Earnings misses, rising debts: Indian Railways turnaround hits buffers

GHAZIABAD, India India's mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious modernisation drive.