Tag: Earnings

Credit Suisse foresees $4.7B charge over hedge fund default

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GENEVA — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4...

H&M swings to loss, affirms commitment to China market

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STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter. Meanwhile, the pandemic-hit Swedish company...

GameStop’s 4Q earnings, sales fall short of Street’s views

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A hefty tax benefit helped drive GameStop’s fiscal fourth-quarter profit sharply higher, but the video-game retailer’s sales declined despite a surge in its online...

Port operator DP World sees 2020 profits drop 29% amid virus

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DUBAI, United Arab Emirates — Dubai-based port operator DP World announced Thursday its profits slid 29% in 2020 from the previous year to $846...

FedEx’s profit nearly triples as online shopping grows

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NEW YORK — FedEx said Thursday that its profit nearly tripled in its most recent quarter, despite winter weather that hobbled some of its...

For the first time since COVID, profits are rising again

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NEW YORK — The freefall for corporate profits because of the pandemic is over, at least for now. ...

Online sales soar in 4th quarter for retailer Ahold Delhaize

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THE HAGUE, Netherlands — Online sales at retailer Ahold Delhaize soared nearly 72% in the final quarter of 2020, the company said Wednesday, as...

World’s biggest shipper reports rebound in business

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COPENHAGEN, Denmark — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Wednesday reported a sharp rise in earnings for the fourth quarter, when...

Nissan stays in red ink amid pandemic, Japan criminal trial

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TOKYO — Japanese automaker Nissan reported Tuesday losses for the fiscal third quarter, as its sales were hit by the coronavirus pandemic and its...

Brewer Heineken to cut 8,000 jobs after pandemic losses

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THE HAGUE, Netherlands — Dutch beer brewer Heineken said Wednesday it plans to cut 8,000 staff, nearly 10% of its global workforce, as part...