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The second largest automaker of the US, Ford Motors, following the results of the first quarter, reported on the growth of net profit by 9% to 1 billion 750 million dollars. Adjusted profit was 43 cents per share, which was higher than analysts' forecast of 41 cents per share due to a decrease in the effectiveness of the tax rate. At the same time, the deterioration of the results in North America and losses in the Asia-Pacific region caused a 13% drop in operating profit to $2.2 billion. The quarterly revenue of Ford increased by 7.2% and amounted to 41 billion 959 million dollars with a market forecast of 36 billion 780 million dollars. Since the beginning of the year, Ford's capitalization has decreased by 11.1% and is less than 44 billion dollars.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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