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American company Colgate-Palmolive, producing consumer goods, reported that in the third quarter, its net profit fell by 14% in annual terms to $523 million. Adjusted earnings per share were 72 cents, confirming the forecast of experts. Quarterly revenue fell by 3% to 3 billion 850 million dollars, while analysts had predicted 3 billion 890 million dollars. The division producing oral care products, household chemicals and personal hygiene products for the period decreased revenues by $138 million. At the same time, the division producing pet products reported a revenue growth of $9 million. The decline was observed in all regions except North America.
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 ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
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