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In the second quarter, the American multidisciplinary company General Electric reduced its net profit by 34% in annual terms, or 1.5 times, to $669 billion. Adjusted earnings from continuing operations were 19 cents per share, which was better than analysts' estimates of 18 cents per share. The indicator of quarterly revenue of 30 billion 100 million dollars also exceeded the forecast of analysts in 29 billion 380 million dollars. Revenues in the energy sector declined by 19%. The transport division also reduced its revenue by 13%. At the same time, revenue growth was registered in the oil and gas business - by 85%, in the aircraft building division - by 13%, in the health sector - by 6%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
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