earnings reports - updates

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ARTICLE FINDER

Nissan reports heavy losses, to shut Barcelona plant

May 28, 2020 - 10:15 PM

Nissan logs a net loss of 671.2 billion yen ($6.2 billion) for the fiscal year ending March 2020, and announces it is closing its Barcelona plant that employs 3,000 people

The logo of Nissan is covered by smoke columns as employees burn tyres in front of the Japanese cars manufacturer's plant in Barcelona on May 28, 2020, to they protest against the factory closure. - Japanese carmaker Nissan has decided to shut its factory in Barcelona where 3,000 people are employed, the Spanish government said today. (Photo by LLUIS GENE / AFP)

Jollibee reports net loss of P2.07 billion in Q1 2020 due to coronavirus

May 28, 2020 - 8:15 PM

Jollibee says it will incur even higher losses in the 2nd quarter. It is also slashing its capex by 63% and will be 'very selective' in opening new stores.

Norwegian Air Shuttle enters 'hibernation' to ride out virus crisis

May 28, 2020 - 5:00 PM

Norwegian Air Shuttle posts a loss of 3.28 billion kroner (302 million euros, $333 million) in the 1st quarter of 2020

RESCUE PLAN. A Norwegian Air plane. Photo from Shutterstock

Petron suffers net loss of P4.9 billion in Q1 2020 due to coronavirus

May 26, 2020 - 3:25 PM

Petron registers losses as the demand crunch in the oil market deepens during the coronavirus pandemic

Dubai investment arm's net profit rises in 2019

May 20, 2020 - 11:25 PM

The Investment Corporation of Dubai, which owns giant firms like Emirates Airline, posts a 16.9% increase in net profit in 2019

EMPTY. Dubai's Sheikh Zayed road is deserted during a curfew imposed by the authorities in a bid to slow down the spread of the novel coronavirus in the Emirati city on April 5, 2020. File photo by Karim Sahib/AFP

Marks & Spencer warns of virus impact as profits halve

May 20, 2020 - 10:30 PM

Marks & Spencer's net profit for the fiscal year ending March 28 collapses 49.5% to £27.4 million ($33 million, 30 million euros)

Panic buying boosts profits, tests supply chain at Walmart

May 19, 2020 - 11:55 PM

Walmart's profits rise 3.9% to $4 billion in the 1st quarter, driven by its e-commerce business which surged amid the coronavirus pandemic

HIRING. A Walmart store in Las Vegas, Nevada. Photo from Shutterstock

Ryanair profit dives on virus, oil impact

May 18, 2020 - 11:45 PM

(UPDATED) Ryanair's profit including exceptional items sinks 27% to almost 649 million euros ($694 million) in the fiscal year ending March 2020

RYANAIR. Two of the airline's planes in Madrid, Spain. Photo from Shutterstock

SM profits down 5% in Q1 2020 as it waives mall rent over virus

May 15, 2020 - 6:40 PM

SM Prime maintains its 2020 capex at P80 billion despite the coronavirus crisis

Petrobras books steep loss amid 'worst crisis in 100 years'

May 15, 2020 - 10:35 AM

The earnings of Brazil's Petrobras in the 1st quarter of 2020 are down more than 1,300% compared to a year ago, as the coronavirus pandemic hits oil demand

CONTROVERSIAL. The headquarters of Brazil's state-owned oil company Petrobras in the center of Rio de Janeiro, on January 21, 2016. Vanderlei Almeida/AFP

Singapore Airlines reports nearly $150-million virus loss

May 14, 2020 - 8:20 PM

With the coronavirus pandemic paralyzing the aviation industry, Singapore Airlines suffers a net loss for the financial year that ended on March 31

DREAMLINER. File photo of Singapore Airlines (SIA) world's first Boeing 787-10 aircraft taxis to the terminal after its arrival from Boeing's production facility in North Charleston, South Carolina at Singapore Changi Airport on March 28, 2018.  Photo by Roslan Rahman/AFP

Ayala Corp profits down 17% in Q1 2020 as pandemic batters economy

May 14, 2020 - 1:55 PM

'This unprecedented health crisis has resulted in a radical transformation of societies, economies, and businesses, including the Ayala group,' says Ayala president and COO Fernando Zobel de Ayala

China tech giant Tencent's net profit jumps during pandemic

May 13, 2020 - 7:59 PM

Tencent, one of the largest listed companies on the Hong Kong stock exchange, says net profit rose 29% from a year earlier to 28 billion yuan, or $3.95 billion

Allianz profit slumps on virus impact

May 12, 2020 - 9:15 PM

Like other insurers, Allianz is facing a flood of payouts over events that have had to be canceled or scaled down because of lockdowns

ALLIANZ. The company's building in Singapore. Photo from Shutterstock

Thyssenkrupp losses deepen on virus woes

May 12, 2020 - 9:00 PM

German conglomerate Thyssenkrupp reports a net loss of 948 million euros ($1.02 billion) in January-March 2020

Saudi Aramco tips difficult 2020 as crisis hits quarterly profits

May 12, 2020 - 7:05 PM

(UPDATED) Saudi Aramco – the world's largest listed firm – posts a net profit of $16.66 billion in the 1st quarter of 2020, lower than $22.2 billion a year ago

SAUDI ARAMCO. Investors stand in front of the logo of Saudi state oil giant Aramco during the 10th Global Competitiveness Forum in Riyadh on January 25, 2016. File photo by Fayez Nureldine/AFP

Coronavirus, Taal eruption sink Ayala Land profits 41% in Q1 2020

May 11, 2020 - 10:35 AM

Ayala Land also slashes its capital expenditures by P40 billion due to the coronavirus crisis


Emirates predicts 18-month lull in air demand

May 10, 2020 - 5:30 PM

Emirates posts 1.1 billion dirhams ($288 million) in net profit for the financial year ending March 2020, but it notes the severe impact of the coronavirus pandemic on the aviation industry

DEPARTURE. Mask-clad passengers bound for Frankfurt walk past check-in counters at Dubai International Airport on April 6, 2020. Photo by Karim Sahib/AFP

Dutch bank ING posts steep plunge in Q1 2020 net profit

May 08, 2020 - 10:10 PM

ING's net profit falls by 40.1% in January-March 2020 to 670 million euros ($724 million)

ING. The bank's logo illuminated in Amsterdam, the Netherlands. Photo from Shutterstock

Coronavirus sinks ICTSI's profits by 18% in Q1 2020, cuts capex by 60%

May 08, 2020 - 3:35 PM

ICTSI's profits drop as the coronavirus pandemic cripples global trade

Puma wins Germany loan worth 625 million euros

May 07, 2020 - 7:40 PM

Sportswear company Puma announces the loan as it posts a 61.6% drop in net profit in the 1st quarter of 2020

PUMA. A store sign of the shoe company in Munich, Bavaria, Germany. Photo from Shutterstock

For the first time, MPIC quarterly earnings fall, capex halved

May 07, 2020 - 6:30 PM

Despite the harsh earnings dip in the 1st quarter of 2020, Metro Pacific Investments Corporation chairman Manny Pangilinan says workers' welfare comes first over profitability

British Airways parent dives into huge quarterly loss

May 07, 2020 - 4:35 PM

International Airlines Group posts a net loss of 1.68 billion euros ($1.8 billion) in the 1st quarter of 2020

BRITISH AIRWAYS. An aircraft of the airline parked in Frankfurt, Germany. Photo from Shutterstock

PLDT slashes capex by P20 billion in 2020, virus delays 5G rollout

May 07, 2020 - 3:45 PM

PLDT mobile revenues jump 40% as people stay at home, but the company posts lower earnings due to higher expenses in the 1st quarter of 2020


General Motors profits dive, aims to reopen U.S. plants May 18

May 07, 2020 - 6:45 AM

United States auto giant General Motors reports that earnings plunged 86% to $294 million in the 1st quarter of 2020

ASSEMBLY LINE. General Motors vehicles go through the assembly line at the General Motors Lansing Delta Township Assembly Plant in Lansing, Michigan, on February 21, 2020. File photo by Bill Pugliano/Getty Images/AFP

Barbie maker Mattel reports big loss on weak sales

May 06, 2020 - 10:15 AM

Mattel suffers a $210.7-million loss in the 1st quarter of 2020 as coronavirus shutdowns hurt toy sales

60 YEARS YOUNG. With continuous global sales and a strong social media presence, the iconic doll, who turns 60 soon, isn't slowing down. Photo from Barbie's Twitter account

Oil collapse wipes out profits at Total

May 05, 2020 - 5:35 PM

French oil giant Total's net profit plummets to $34 million in the 1st quarter of 2020, a 99% drop from the $3.1 billion a year earlier

TOTAL. The French company is a global energy player. Photo from Shutterstock

Globe to cut spending by P2 billion as Q1 2020 earnings fall 3%

May 05, 2020 - 4:20 PM

Globe joins other Ayala companies in cutting capex for the year, as the conglomerate carefully analyzes the impact of the coronavirus crisis on the business environment


General Electric to cut 10,000 aviation jobs

May 05, 2020 - 10:30 AM

The job cuts are part of a $3-billion savings plan that will be implemented in 2020 as General Electric feels the impact of the coronavirus crisis

GE AVIATION. A General Electric Aviation facility in Lafayette, Indiana. Photo from Shutterstock

Air Canada's Q1 2020 loss surpasses Can$1 billion

May 04, 2020 - 11:00 PM

'We are now living through the darkest period ever in the history of commercial aviation,' says Air Canada CEO Calin Rovinescu

FLAG CARRIER. An Air Canada Boeing 700-200. Photo from Shutterstock

RCBC profit soars 77% in Q1 2020 on forex, trading gains

May 04, 2020 - 5:15 PM

Yuchengco-led RCBC posts impressive gains in the 1st quarter of 2020 despite headwinds from the coronavirus pandemic


Warren Buffett: 'American magic' will spur U.S. economic recovery

May 03, 2020 - 9:30 AM

Warren Buffett expresses confidence in the United States economy, even as his holding company Berkshire Hathaway suffers a $49.75-billion loss in the 1st quarter of 2020

Warren Buffett, CEO of Berkshire Hathaway, attends the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. (Photo by Johannes EISELE / AFP)

U.S. petroleum giants slash capital budgets after oil price crash

May 01, 2020 - 9:55 PM

ExxonMobil reduces capital spending by 30% to around $23 billion for 2020, while Chevron further trims its capital spending to $14 billion

OIL GIANT. The ExxonMobil refinery in Notre-Dame-de-Gravenchon, France, on May 23, 2016. File photo by Charly Triballeau/AFP

McDonald's profits fall on virus as consumer traffic shifts in upheaval

May 01, 2020 - 8:45 AM

Fast-food giant McDonald's records $1.1 billion in profits in the 1st quarter of 2020, a 17% drop as the coronavirus pandemic triggered lockdowns worldwide

MCDONALD'S. The logo of the fast-food giant at a branch in Belarus. Photo from Shutterstock

Royal Dutch Shell cuts dividend for first time since WWII on oil crisis

Apr 30, 2020 - 8:25 PM

With oil prices plummeting, Royal Dutch Shell sinks into a $24-million net loss in the 1st quarter of 2020

SHELL. The headquarters of Royal Dutch Shell in the Netherlands. Photo from Shutterstock

China's airlines, oil firms post big Q1 2020 virus losses

Apr 30, 2020 - 3:00 PM

China Southern Airlines, China Eastern, and Air China post combined losses of nearly $2 billion in January-March 2020

A China Southern employee wears a face mask amid concerns of the COVID-19 coronavirus as she carries a model plane at Beijing Daxing Airport on the eve of a five-day national holiday on April 30, 2020. - China's big state-controlled airlines and oil firms said they suffered deep losses during the first quarter, when the country was at the height of its coronavirus battle, and warned of further pain to come. (Photo by GREG BAKER / AFP)

Boeing to cut staff, output as pandemic batters airlines

Apr 29, 2020 - 10:30 PM

(UPDATED) Boeing plans to reduce its workforce by 10% and slash production of its main commercial planes, including the 787 and 777

A Boeing worker in a face mask is pictured walking at the Boeing Renton Factory, where the Boeing 737 MAX airliners are built in Renton, Washginton on April 20, 2020. - Boeing announced it will resume commercial airplane production this week at its Puget Sound-region facilities. (Photo by Jason Redmond / AFP)

Coronavirus pushes Airbus into Q1 2020 loss

Apr 29, 2020 - 10:05 PM

Airbus reports a net loss of 481 million euros ($522 million) in the 1st quarter of 2020, compared to a profit of 40 million euros in the same period in 2019

(FILES) This file photo taken on March 7, 2018 shows the logo of European aircraft manufacturer Airbus outside entrance of the site of Airbus' Wings Campus in Blagnac.. - European aviation giant Airbus on April 29, 2020 reported a first quarter net loss of 481 million euros (521,800,000 USD) under the impact of the coronavirus crisis. (Photo by PASCAL PAVANI / AFP)

UK bank Barclays to take $2.56-billion coronavirus hit

Apr 29, 2020 - 9:25 PM

British banking giant Barclays expects an impairment charge of £2.1 billion ($2.56 billion, 2.36 billion euros) as a result of the coronavirus pandemic

BARCLAYS. The bank's logo pictured at a branch in central London on July 25, 2018. File photo by Daniel Leal-Olivas/AFP

Coronavirus turbulence: Cebu Pacific loses P1.18 billion in Q1 2020

Apr 29, 2020 - 7:30 PM

Budget airline Cebu Pacific posts a sharp 135% drop in its bottom line in the 1st quarter of 2020 due to the coronavirus pandemic

Deutsche Bank posts 43-million-euro loss in Q1 2020 as virus bites

Apr 29, 2020 - 6:45 PM

Germany's biggest lender Deutsche Bank also sets aside 506 million euros to deal with credit losses, around half of which it predicts will be due to the coronavirus

JOB CUTS. The logo of Deutsche Bank is pictured at its headquarters in Germany. File photo by Daniel Roland/AFP

Volkswagen sees 'severe' virus impact but no annual loss ahead

Apr 29, 2020 - 6:20 PM

Net profit at the sprawling 12-brand Volkswagen Group falls 83% to 517 million euros ($561 million) in the 1st quarter of 2020

JOB CUTS. The company logo of German car maker Volkswagen (VW) is pictured at the company's headquarters in Wolfsburg, northern Germany on March 12, 2019. Photo by Tobias Schwarz/AFP

Panic buying lifts Robinsons Retail sales in Q1 2020

Apr 29, 2020 - 5:25 PM

Robinsons Retail Holdings reports a 45% surge in its net income in the 1st quarter of 2020 despite closure of some stores


Coronavirus batters Universal Robina, profit down 32% in Q1 2020

Apr 29, 2020 - 3:10 PM

Universal Robina Corporation starts off strong, but the coronavirus crisis disrupts its growth trajectory in the 1st quarter of 2020


Security Bank nets P2.9 billion in Q1 2020, increases loan loss buffer

Apr 29, 2020 - 1:30 PM

Security Bank joins other banks in increasing provisions for loan losses due to the coronavirus crisis

3M earnings rise on demand for medical masks

Apr 28, 2020 - 11:55 PM

3M, which manufactures a wide range of products including face masks, experiences a 21% surge in sales in its healthcare business during the 1st quarter of 2020

MANUFACTURING GIANT. The 3M headquarters in Woodbury, Minnesota, on August 25, 2011. File photo by Karen Bleier/AFP

Pfizer confirms forecast, sees mixed virus impact on sales

Apr 28, 2020 - 9:00 PM

Pfizer boosts by $500 million the range of its research and development budget for spending on a potential vaccine for COVID-19 as well as evaluation of existing products

PFIZER. The logo of pharmaceutical corporation Pfizer at its German headquarters in Berlin. Photo from Shutterstock

BP announces $4.4-billion quarterly loss as oil prices crash

Apr 28, 2020 - 7:45 PM

British firm BP notes the oil industry 'has been hit by supply and demand shocks on a scale never seen before'

BP. The company's logo at a gasoline station in Fort Wayne, Indiana. Photo from Shutterstock

Pandemic prompts UnionBank to jack up loan loss buffer by 750%

Apr 28, 2020 - 5:50 PM

UnionBank sets aside P1.3 billion to cover potential losses due to bad loans and consumer defaults amid the coronavirus crisis

Manny Pangilinan on pandemic: Full tragedy yet to unfold

Apr 28, 2020 - 5:20 PM

Tycoon Manny Pangilinan says it will be difficult to project Meralco's profitability in 2020, as the coronavirus pandemic cripples industries

TYCOON. Manny Pangilinan at a PLDT press briefing. File photo by Rob Reyes/Rappler