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The world's second largest jewelry retailer, Tiffany, in the first financial quarter ended April, increased its net profit by 53% year-on-year to 142 million 300 thousand dollars. The US company's revenue amounted to 1 billion 33 million dollars, up by 15%. Analysts had expected the figure at $959 million. Revenue growth in the Asia-Pacific region was 28%, in the Americas - 9%, in Europe - 13%, in Japan - 17%. Comparable sales in stores operating for at least a year grew by 10%. Over the past quarter, Tiffany opened 1 store and closed 2. At the end of the earnings season, 314 outlets of the American retailer were operating around the world.
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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