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Following the results of the third fiscal quarter ended October 31, Tiffany, the American retail jewelry chain, reported a decline in net profit by 5.3% in annual terms to 94,900,000 dollars. Nevertheless, revenue during the earnings period showed an increase in all regions and most product categories. Its quarterly figure was 1 billion 12 million dollars, having increased over the year by 3.7%. Experts had expected growth to 1 billion 50 million dollars. The growth of comparable sales in the world market in stores that have been operating for at least a year was 2%. The company also reported the results of work in 9 months of the fiscal year. During this period, its net profit showed an increase of 24% in annual terms, and the number of stores increased by 6 units to 315.
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 ...
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