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Oilfield service company Schlumberger reported a third-quarter net profit growth of 18% year-on-year to $644 million. Earnings per share amounted to 46 cents, while experts had expected it to be 43 cents. Revenues amounted to 8 billion 504 million dollars, having increased over the year by 8% and being below forecasts of 8 billion 580 million dollars. In quarterly terms, revenue increased by 2%. The company recorded revenue growth in Latin America by 6%, in the Middle East and Asia – by 2%. Quarterly dividends are approved by the board of directors at 50 cents per share.
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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