Tag: Financial performance

Restructuring Deutsche Bank shows best quarter in 7 years

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FRANKFURT, Germany — Deutsche Bank saw its strongest quarterly profits in seven years as the bank's long-running restructuring showed in lower costs and as...

China’s Huawei says sales down 16.5% amid US sanctions

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BEIJING — Embattled Chinese tech giant Huawei said Wednesday first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved. ...

Boeing posts $537 million loss in Q1, less than a year ago

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Boeing Co. reported a wider than expected first-quarter loss on Wednesday, although revenue met Wall Street forecasts as the company generated cash by delivering...

Pizza Hut, KFC, Taco Bell sales bounce as restrictions ease

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LOUISVILLE, Ken. — Profit for the company that runs Pizza Hut, Taco Bell and KFC restaurants more than tripled during the first quarter and...

Norfolk Southern’s Q1 profit improves as economy recovers

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OMAHA, Neb. — Norfolk Southern's profit improved in the first quarter as the railroad hauled 3% more freight while the economy continued to recover...

Facebook reports soaring quarterly ad revenue, stock jumps

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Facebook's stock is trading higher after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue. ...

BP to launch share buyback program after big profit spike

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LONDON — BP said Tuesday that it would be returning around a half-billion dollars to shareholders after “significantly” higher oil prices contributed to a...

Slipping COVID-19 treatment demand hits Eli Lilly forecast

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INDIANAPOLIS — Eli Lilly fell well short of Wall Street’s first-quarter expectations, and the drugmaker chopped the top end of its earnings forecast due...

Microsoft beats Wall Street expectations for early 2021

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Microsoft’s business beat Wall Street expectations for the first three months of 2021, thanks to ongoing demand for its software and cloud computing services...

Visa 2Q profits fall 2%, as economic slowdown hits payments

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NEW YORK — Visa Inc.'s fiscal second-quarter profits fell 2% from a year earlier, as the company dealt with a slowdown across its payment...