In the third quarter, the largest in the United States automotive concern General Motors recorded a net profit of $2.5 billion against a loss of $3 billion a year earlier. The growth of revenue and quarterly results of the financial division contributed to the company's return to profitability. Adjusted earnings per share amounted to 1 dollar 87 cents, exceeding market forecasts of 1 dollar 25 cents per share. Revenues amounted to $35 billion 800 million, which also turned out to be higher than experts' estimates of $35 billion 300 million. The annual growth rate was 6.4%. Financial division for the quarter increased its net profit to a record value of $3.5 billion.
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 ...