• StanChart sees 'minimal' hit from U.S.-China spat as profits rise

    2 monthes ago - By Reuters

    Asia-focused lender Standard Chartered Plc said it expects minimal impact on its income from rising U.S.-China trade tensions, as it reported higher pretax profits and lower bad loan losses for the six months ended June.
    Read more ...

     

  • Nintendo reports big jump in 2nd-quarter earnings

    2 monthes ago - By Chron

    SEOUL, South Korea - Nintendo Co. says its quarterly profit jumped 44 percent during the fiscal first quarter.
    The Japanese maker of Super Mario and Pokemon games said Tuesday that its net profit totaled 30.6 billion yen during the April-June period, compared with 21.3 billion yen a year earlier.
    Quarterly sales rose 9 percent to 168.2 billion yen over a year earlier while operating profit surged 88 percent to 30.5 billion yen .
    Kyoto-based Nintendo credited new game titles for Nintendo Switch, such as Donkey Kong Country: Tropical Freeze, which has sold 1.4 million units worldwide since...
    Read more ...

     

  • Nintendo Switch has sold 19.7 million consoles, 87 million games to date

    Nintendo Switch has sold 19.7 million consoles, 87 million games to date

    2 monthes ago - By Venture Beat

    Nintendo reported net sales of $1.513 billion for the first fiscal quarter ended June 30, up 9 percent from $1.386 billion for the same period a year ago. Profit in the quarter was $394.6 million, up 42 percent from $278.5 million a year earlier. The Kyoto, Japan-based company said in its quarterly earnings report that it has sold 19.67 million Nin...
    Read more ...

     

  • Samsung Elec profit growth slows as Galaxy S9 misses sales targets

    2 monthes ago - By Reuters

    Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market.
    Read more ...

     

  • Credit Suisse profit surges over 100 percent to $655 million, beating expectations

    2 monthes ago - By CNBC

    Credit Suisse reported Tuesday a net income of 647 million Swiss francs for the second quarter of the year.
    Read more ...

     

  • Honda profits jump on strong car and motorcycle sales

    2 monthes ago - By Chron

    TOKYO - Honda Motor Co. says its profits jumped 17.8 percent in the latest quarter, driven by strong auto sales in North America and motorcycle sales in Asia.
    The Japanese automaker reported profits Tuesday of 244.3 billion yen in the April-June quarter, up from 207.3 billion yen last year. Sales rose 8.4 percent to 4.0 trillion yen.
    Honda sold 518,000 vehicles in North America, an increase of 7.7 percent. Growth in Indonesia, India and Vietnam drove up total motorcycle sales 13.9 percent to 5.35 million units.
    Profits rose despite the negative impact of flooding that has forced suspension...
    Read more ...

     

  • Samsung reports Q2 profit slowdown, says Galaxy S9 sales were lower than expected

    2 monthes ago - By Tech Crunch

    Struggling against competition from Chinese smartphones, Samsung Electronics posted a lackluster second-quarter earnings report with its slowest profit growth in more than a year. On the bright side, the Korean tech giant said its semiconductor business is doing well.
    Operating profit rose 5.7% year-over-year to 14.9 trillion won , representing Samsung Electronic's slowest quarterly profit growth since the first quarter of 2017. Net income was 11 trillion won , almost the same result Samsung posted in the same period a year ago. Sales revenue dropped 4% to 58.5 trillion won .
    Samsung...
    Read more ...