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FedEx, one of the world's largest express delivery corporations, reported that following the results of the first quarter, which ended in August, its net profit rose 40% year-on-year to $835 million. Adjusted earnings were 3 dollars 46 cents per share, experts had predicted 3 dollars 80 cents per share. Revenues increased to 17 billion 100 million dollars, while analysts had expected the figure at 16 billion 900 million dollars. The growth in quarterly indicators was facilitated by an increase in traffic volumes and a decrease in tax payments. China's share in the company's total revenue is 2%.
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 ...
KYC Policy