Page 131 - Latest Updates on Q4 Results

US economic growth accelerates in Q4; corporate profits slow

For all of 2021, the economy grew 5.7%, the strongest since 1984, after the government provided nearly $6 trillion in pandemic relief

India ranks 51st in global list of annual rise in housing prices

Knight Frank said that India has climbed up five spots to the 51st rank in Q4 of 2021 against the 56th rank in Q4 of 2020

Future Retail NPAs: Indian Bank to take Rs 800-crore hit in fourth quarter

Earlier, a consortium of 27 banks had indicated they would have to make combined provisions of around Rs 9,000 crore due to non-payment by the retailer.

Domino's Pizza CEO Ritch Allison announces retirement as Q4 sales weaken

He will be replaced by Russell Weiner, 53, who is currently Domino's president and chief operating officer

Nestle India bucks rural growth trend in Q4 with 9% YoY revenue spike

Smaller contribution of 20-25% from rural sales helped; net profit down 20% due to exceptional item

Nestle India Q4 profit dips 20% to Rs 386.66 cr, net sales up 8.9%

Commenting on the annual performance, Nestl India Chairman and Managing Director Suresh Narayanan said, '2021 was a very challenging year'

Twitter misses ad revenue and user growth estimates in Q4

Still, Twitter said it made 'meaningful progress' toward its goal of reaching 315 million users and $7.5 bn in annual revenue by the end of 2023

Credit Suisse flags weak 2022, ends a torrid year with $2.2-bn Q4 loss

Credit Suisse's horrendous 2021 was marked by the collapse of $10 bn in supply chain finance funds linked to Greensill and a $5.5-bn trading loss from the implosion of investment fund Archegos

Cognizant Q4 results mark its return to double digit annual revenue growth

Cognizant also guided that for FY2022 it expects revenue growth to be in the range of 8.5 per cent to 11.5 per cent, which means revenue outlook of $20 billion to $20.5 billion.

Exxon Mobil returns to Q4 profit as oil demand continues to improve

Our effective pandemic response, focused investments during the down-cycle, and structural cost savings positioned us to realise the full benefits of the market recovery in 2021, CEO Darren Woods said

US economy regained speed in Q4 at 6.9%, 2021 growth best since 1984

The economy grew 5.7% in 2021, the strongest since 1984. It contracted 3.4% in 2020, the biggest drop in 74 years

Boeing posts $4.16 billion loss on problems with its 787 jet

Boeing is reporting a USD4.16 billion loss for the fourth quarter as the financial fallout from production flaws in one of its best-selling planes keeps getting worse.

American Express profits jump 20% on card spending in fourth quarter

The jump in AmEx's earnings came entirely from record cardmember spending in the last three months of the year

Micro-loan securitisation volumes may see impact in Q4 due to Covid: Icra

The securitisation volumes in microfinance loans, which saw improvement in the first nine months of FY22, may witness some impact in the fourth quarter due to concerns over the third Covid-19 wave

Wells Fargo Q4 profit beats estimates on cost cuts, loan demand

(Reuters) -Wells Fargo & Co on Friday beat analysts' estimates for fourth-quarter profit as a rebound in U.S. economic growth encouraged more customers to take loans and the bank kept a tight lid on costs.

LG forecast to see record sales in Q4 on strong home appliance biz

LG Electronics has estimated that its fourth-quarter sales reached a record quarterly high, apparently backed by its strong home appliance business, but the operating profit is likely to sink

Nitin Spinners gains 4%, hits record high on hopes of strong earnings

Currently, the stock is traded under the T Group, which represents securities that are settled on a trade-to-trade basis as a surveillance measure.

Samsung Electronics Q4 profit jumps on server chip demand, foundry margins

SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely jumped 52% on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing.

MPC cuts GDP growth projection for Q3, Q4, cites supply crisis and Covid

The economy grew 8.4% in Q2, higher than the MPC's expectations of 7.9%

Siemens Q4 earnings damp squib, but strong revenue expected

Rising commodity and logistics costs impacted margins in Sept qtr and remain an overhang