Page 118 - Latest Updates on Q4 Results

Amazon posts $149.2 bn in net sales, faces short-term uncertainty

Amazon on Friday reported that its net sales increased 9 per cent to $149.2 billion in the fourth quarter that ended December 31, compared with $137.4 billion in fourth quarter 2021.

Alphabet disappoints on sales as ad business slips after pandemic run-up

Pichai pointed to advertisers' more modest spending and the impact of foreign exchange rates abroad as drags on Alphabet's overall results

Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22

IT services firm reports rise in headcount, says voluntary attrition declining

Samsung's Q4 profit drops 69% on sluggish demand, lowest since 2014

Samsung Electronics on Tuesday said its fourth-quarter operating profit plunged nearly 70 per cent from a year ago, as the global economic slowdown hurt the sales of electronic devices

LG Electronics Q4 profit collapses on slumping demand, rising cost

But LG's electric vehicle (EV) parts business made a turnaround 10 years after it entered the market

American Express Q4 profit decline 9% as customers fall behind on payments

American Express saw its fourth-quarter profits fall by 9 per cent, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do and extremely creditworthy. But the company did announce it planned to raise its quarterly dividend and also forecast higher-than-expected profits for 2023, which helped lift the stock in early trading as investors seemed to look past the delinquencies and more at how cardmembers were still strongly spending on their accounts. The New York-based company said it earned a profit of USD 1.57 billion in the quarter, or USD 2.07 a share, that is down from USD 1.72 billion, or USD 2.18 a share, in the same period a year earlier. That is below what analysts had forecasted. While AmEx saw a double digit rise in card usage from a year ago cardmembers spent USD 413.3 billion on their cards last quarter

Tesla logs record profit in fourth quarter, warns of uncertainties

Tesla, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share

Tesla says its 4Q profit rose 59% to $3.69 bn, expects strong margins

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker. The Austin, Texas, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share. That beat estimates of $1.13 that had been reduced by analysts, according to FactSet. The company's profit was 59% more than the same period a year ago. Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected. On Jan. 13, the company cut prices in the U.S. and China, its two biggest markets, by up to 20% on some models, leading many analysts to believe that demand had fallen due to high prices and rising interest rates. Tesla said in its investor letter Wednesday that it would produce about 1.8 million vehicles this year, ahead of a predicted 50% annual growth rate. But the outlook

Boeing loses $663 mn in Q4 despite higher revenue amid supply chain problem

Boeing said on Wednesday it lost USD 663 million in the fourth quarter as rising production costs and supply-chain problems offset rising revenue. It was another disappointing quarter for the aerospace giant, which has yet to recover from fatal crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently. The loss amounted to USD 1.06 per share. Excluding non-core items such as adjustments to pension costs, the loss was USD 1.75 per share. Revenue increased 35 per cent from a year earlier, to USD 19.98 billion. Analysts were expecting the company to earn 20 cents per share on revenue of USD 18.75 billion, according to a FactSet survey. Boeing preferred to focus on cash flow, which rose for the quarter and the entire year the first full year of positive cash flow since 2018. Boeing, based in Arlington, Virginia, has seen deliveries rise since regulators approved the 737 Max to fly again in late 2021 and after the company ...

J&J forecasts strong profit, beats Wall Street estimates on pharma boost

Shares of the drugmaker were up nearly 1% at $170.28 in trading before the bell

Wells Fargo tops Q4 profit expectations, records revenue of $19.66 billion

Wells said the losses related to the regulatory matters were equal to about 70 cents per share

We'll return to pre-Covid rhythm next year: TCS COO N Ganapathy Subramaniam

We are executing well, gaining market share in vendor consolidation and revenue will start coming in from next few quarters and we are actively participating in the growth and optimization deals

LG Electronics December-quarter operating profit down 91.2% y-o-y

Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company

Credit Suisse expects pre-tax loss of up to 1.5 billion Sfr in Q4

The profit warning is a blow for the bank which had previously said it expected to make a net loss during the last three months of the year but did not give a figure

Parag Milk Foods slips 12%, stock hits 52-week low as Q4 loss widens

For the financial year 2021-22, Parag Milk Foods reported a loss of Rs 532.50 crore, due to one-time write down of Rs 509.50 crore.

Route Mobile hits 18-month low; stock sheds 25% in the two weeks

The company's EBITDA margins contracted from 14.2 per cent in Q4FY21 and 13.7 per cent in Q3FY22 to 11.1 per cent in Q4FY22.

MRPL, Chennai Petroleum soar up to 19% on strong business outlook

The rise in the Singapore gross refining margin (GRM) to a record high of $25.2 a barrel bodes well for Indian refiners as they process raw crude into refined products.

Microsoft lowers revenue, profit forecasts in fourth qtr on forex impact

The company expects revenue for the quarter to be between $51.94 billion and $52.74 billion, down from its prior range of $52.40 billion to $53.20 billion

HAL stock at new high on strong Q4, prospect of bagging defence orders

State-owned aeronautics firm appears to have countercyclical strength, as supply of spares and lack of diversification are potential downside risks.

Fine Organic hits record high; soars 35% in four days on strong Q4 results

PAT jumped nearly four-fold; Ebitda margins improved to 25.8 per cent from 15.1 per cent owing to shift in the product mix towards high- margin value-added products