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Company Results & Outlook

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Denmark's Maersk to spin off drilling, hand Total shares to investors

COPENHAGEN A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.

Jet Airways says board to meet later this month for quarterly results

Jet Airways (India) Ltd's board will meet on Aug. 27 to approve financial results for the quarter ended June 30, the beleaguered carrier said on Friday, after it delayed its quarterly results earlier this month.

10:09am IST

Angry Birds maker Rovio's games get sales boost

HELSINKI Rovio Entertainment, the maker of the "Angry Birds" mobile game series and movie, on Friday reported an increase in second-quarter sales at its games business, providing a positive sign for investors after a profit warning in February.

1:37pm IST

Walmart posts biggest U.S. sales rise in a decade, shares soar

NEW YORK Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc. | Video

Tech 16 Aug 2018

Nvidia forecast lags Wall Street as crypto demand evaporates

Nvidia Corp shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fuelled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.

4:37am IST

J.C. Penney sinks 27 percent on forecast cut, fashion falls flat

J.C. Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large loss.

16 Aug 2018

China's JD.com looks to warehousing assets to help revive profits

BEIJING China's second-largest e-commerce firm, JD.com Inc , said it is shifting management of its warehousing assets to a separate unit, in a move it hopes will revive profits after it swung back to a loss in April-June.

Tech, 1:01am IST

Applied Materials weak forecast fans concerns over chip boom end

Applied Materials Inc , the world's largest supplier of equipment used to make chips, forecast current-quarter profit and revenue below Wall Street estimates, adding to fears that a two-year chip boom may be losing steam.

4:07am IST

Tencent shares hit by profit drop, freeze on new game approvals in China

HONG KONG Shares in China's Tencent Holdings lost more ground on Thursday after it logged its first quarterly profit decline in nearly 13 years and said it did not know when it would get Chinese approval to make money off its most popular game. | Video

Tech 16 Aug 2018

Carlsberg sales boosted by World Cup, raises 2018 outlook

COPENHAGEN Danish brewer Carlsberg raised its full year profit outlook on Thursday after second-quarter sales beat forecasts on growing demand for its expensive beers in China and strong sales in Russia during the World Cup.

16 Aug 2018