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The world's largest producer of health products, Johnson & Johnson, reported an increase in net profit in the third quarter by 4.6% in annual terms to 3 billion 934 million dollars. Adjusted earnings were 2 dollars 5 cents per share, while experts had predicted 2 dollars 3 cents per share. Revenues reached $20 billion 300 million, exceeding economists' estimates of $20 billion 100 million. The pharmaceutical division increased quarterly sales by 6.7%. Growth in sales of consumer goods was 1.8%. Sales of medical devices rose 0.2%.
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 ...
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 ...
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