The world's largest US producer of soft drinks PepsiCo reported that following the results of the third fiscal quarter ended September 8, its net profit in annual terms grew by 16% to 2 billion 498 million dollars. Adjusted earnings reached 1 dollar 59 cents per share, while economists had predicted 1 dollar 57 cents per share. Quarterly revenues amounted to 16 billion 485 million dollars, having increased by 1.5% compared to the same period in 2017. Economists had expected revenue of $16 billion 360 million. The company increased sales by 2% in Europe and Asia, but reduced sales by 2% in the region covering Asia, the Middle East and North Africa.
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 ...