earnings
Pékin (AFP) - Le promoteur chinois Vanke, un acteur clé du marché en Chine mais fragilisé par la crise de l'immobilier, a annoncé jeudi une chute de 46% de son bénéfice net en 2023, au moment où la santé financière du groupe privé préoccupe les marchés. Vanke est l'un des promoteurs les plus connus du grand public en Chine. Il était l'an dernier le deuxième plus gros promoteur du pays en termes de ventes, selon le cabinet spécialisé Cric. Mais ce secteur est ces dernières années sous pression, avec certains promoteurs au bord de la faillite et des prix en chute qui dissuadent les Chinois d'inv...
AFP (Français)
New York (AFP) - Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom. With the all-cash purchase, the US shopping behemoth gains access to Vizio's more than 18 million accounts as another source of strengthened potential connection to those households. Based in California, Vizio is known for what Walmart called "immersive entertainment" through a "customer-centric platform" that lets viewers stream content for free by watching ads. Analysts said the de...
AFP
New York (AFP) - US automaker Ford topped earnings expectations in the fourth quarter of 2023 and is forecasting higher profits this year despite greater labor costs and losses in its electric vehicle segment, according to a financial report released Tuesday. The company reported adjusted earnings per share of 29 cents for the fourth quarter, above analyst estimates, while revenue came in at $46 billion for the period. For 2024, Ford expects earnings of $10 billion to $12 billion before interest and taxes, compared with $10.4 billion reported in 2023. Ford's latest results come after the auto ...
AFP
New York (AFP) - ExxonMobil and Chevron reported lower but still strong profits Friday as they push ahead with hefty shareholder payouts and major acquisitions. The two biggest US oil companies, which have similar profiles and strategies, both saw fourth-quarter profits dip amid lower commodity prices, especially for natural gas. But both companies still scored mammoth full-year earnings: $36 billion at ExxonMobil and $21.4 billion at Chevron. Those are below the record profits of 2022, which benefited from a spike in crude prices following Russia's invasion of Ukraine, but robust enough to e...
AFP
San Francisco (AFP) - Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street. Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 billion in the quarter. The company said Facebook's monthly users stood at 3.07 billion people, 20 years after the platform was founded by Mark Zuckerberg in a Harvard dorm. "We had a good quarter as our community and business continue to grow," Meta CEO Zuckerberg...
AFP
San Francisco (AFP) - Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue. The tech titans have made big bets on generative AI, with their cloud computing divisions seeing a boost in demand as clients seek the hefty -- and more expensive - computing power that drives the technology. Microsoft has moved the fastest and furthest into the AI space, investing in ChatGPT-maker OpenAI and pushing AI across products while others chose to move more carefully. The company said sales leaped to $62 billion f...
AFP
San Francisco (AFP) - Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year. Alphabet reported a profit of $20.7 billion on revenue of $86.3 billion, with strong contributions from video-sharing platform YouTube and its cloud computing unit. "Each of these is already benefiting from our AI investments and innovation," Alphabet chief executive Sundar Pichai said in an earnings release. Google ads brought in a total of $65.5 billion in the quarter, compared with $59 billion in the same period the prior year, according to t...
AFP
The Hague (AFP) - Under-fire Dutch medical device maker Philips said Monday it would halt new sales of sleep machines in the United States after a series of recalls that continued to weigh on results. The firm trimmed its losses for 2023 compared with the previous year, as it seeks to bounce back from what it had described as a "very difficult" 2022. Philips posted losses of 463 million euros ($501 million) over the full year, compared with 1.6 billion euros in 2022, with chief executive Roy Jakobs hailing "strong results." "While there is more work to be done, the progress we achieved in a vo...
AFP
New York (AFP) - Boeing's 737 MAX 9 planes have begun to fly again after the January 5 Alaska Airlines scare, but the episode is expected to weigh on the aviation giant's finances for the foreseeable future. Both Alaska and United Airlines resumed service on the MAX 9 over the weekend following a three-week grounding after a panel blowout necessitated an emergency landing. The incident has heaped scrutiny on Boeing and CEO David Calhoun. Investors will get an initial appraisal of the financial consequences on Wednesday when Boeing releases fourth-quarter results. Besides reporting another ann...
AFP
New York (AFP) - Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk's electric vehicle giant warned of slower volume growth in 2024. Shares of Tesla fell after the company's earnings per share and revenues both missed analysts expectations in the fourth quarter, and it offered a sobering outlook for 2024 auto volumes. "Our company is currently between two major growth waves," said Tesla. It promised that an upcoming "next-generation" vehicle will serve as a worthy successor to the existing fleet that has b...
AFP
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