Tag Archives: Earnings

Thinner new-car margins drag down Sonic Q2 earnings

Sonic Automotive Inc.’s net income tumbled 47 percent to $12.1 million in the second quarter, the publicly traded dealership group said Friday. Squeezed new-vehicle margins were largely to blame, executives said, due to competitive pricing pressure, automakers’ trying to limit incentives and a glut of nearly new off-lease cars. An ongoing economic slump in the oil patch states, such as ... Read More »

Samsung Reports Jump in Q4 Profits as Record Chip Earnings Mask Galaxy Note 7 Failure

Samsung Electronics said Tuesday that its fourth-quarter profit more than doubled over a year earlier thanks to record-high earnings from its brisk memory chip business and strong smartphone sales despite costly Galaxy Note 7 recalls. The South Korean company said Tuesday it posted KRW 7.1 trillion ($6.1 billion or roughly Rs. 41,539 crores) in net income during the October-December period, ... Read More »

Earnings, Monsoon Session Of Parliament To Set Agenda For Markets: Experts

New Delhi: Quarterly earnings from blue chip companies such as Wipro and HDFC Bank, progress of rains and proceedings of the monsoon session of Parliament will be the key themes for the stock market during the week from July 18 to July 22, say experts. “This week, all eyes will be on the GST Bill in Parliament, next batch of Q1 earnings and progress ... Read More »

Hindalco Shares Hit 52-Week High On Alcoa’s Q2 Earnings

Analysts expect Hindalco to report strong numbers after Alcoa beat Q2 estimates Hindalco shares jumped over 5.5 per cent to their 52-week high of Rs. 136.20 on Tuesday, tracking strong numbers of Alcoa, which is the world’s third largest producer of aluminum. Hindalco was the top gainer in the Nifty50 index. Alcoa on Monday posted better than expected second quarter ... Read More »

Samsung post First-region earnings on sturdy initial income of Galaxy S7

Tech giant Samsung Electronics Co Ltd said on Thursday that its first-area operating earnings rose 12 percentage from a year in advance, propelled with the aid of robust initial sales for its flagship Galaxy S7 smartphones. The South Korean firm additionally stated its “stable performance” will continue in April-to-June, striking a extra positive tone approximately prospects for its handsets and ... Read More »

Bad Loan Clean-Up Takes Toll on State Banks’ Earnings

Mumbai: Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal third quarter. Punjab National Bank (PNB), India’s fourth-biggest state-run lender by assets, posted a 93 per cent fall in December-quarter profit, and said it expected ... Read More »