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American corporation Whirlpool, the largest manufacturer of household appliances in the country, reported the financial results for the first quarter of this year. Net profit increased 5 times in annual terms and reached 471 million dollars. Adjusted earnings of 3 dollars 11 cents per share surpassed the experts' forecast of 2 dollars 86 cents. At the same time, the company recorded quarterly revenues at the level of 4 billion 760 million dollars, which is 3% less than the figure for the same period of the previous year. According to experts, revenues were expected in the amount of 4 billion 830 million dollars. Good quarterly earnings results allowed the company to raise its forecast for adjusted earnings for 2019 to $14.5-15.5 per share. Since the beginning of the year, Whirlpool’s capitalization has increased by 30.4%.
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 ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
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