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Target Corporation, which owns the second-largest discount network in the US, reported that its second-quarter net profit, which ended Aug. 4, rose 19% year-on-year to $799 million. Excluding one-off factors, earnings were 1 dollar 47 cents per share, while analysts had predicted 1 dollar 40 cents per share. Revenue reached 17 billion 550 million dollars, increased by 7%. Economists had expected the figure at $17 billion 230 million dollars. The growth in online sales accelerated to 41% compared with the rise of 32% a year earlier. Comparable sales grew by 6.5%, noting the maximum growth rate for 13 years. Attendance at Target stores has increased at the fastest pace since 2008, having increased by 6.4%.
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 ...
KYC Policy