The net profit of American telecommunications company AT&T in the third quarter increased to 4 billion 700 million dollars compared to 3 billion dollars in the third quarter of last year. Profit excluding a number of balance sheet items amounted to 90 cents per share, which turned out to be lower than experts' forecasts of 94 cents per share. At the same time, its operating profit exceeded the analysts' forecast of $45,650 million, amounting to $45 billion 740 million and increased by 15.3% over the year. However, the results for quarterly earnings negatively affected the company's shares, the price of which fell on Wednesday before the opening of the session by 2%. The number of subscribers of its cellular communications increased by 69 thousand, although analysts had expected a decline of 22 thousand.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...