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Exxon"s profit tumbles 49 percent amid higher spending

Exxon's first-quarter profit fell 49% to $2.35 billion as it stepped up spending on exploration and production in west Texas. Global production rose 2%. A year ago, the results were buffed by sale of a stake in an offshore Australia natural gas field......»»

Category: topSource: moneycentralApr 26th, 2019

Ford posts profit but warns that chip shortage will cut production in half in second quarter

Ford on.....»»

Category: topSource: businessinsiderApr 28th, 2021

Samsung first-quarter profit likely surged 45% on bumper smartphone, appliance sales

Samsung Electronics Co Ltd likely saw a 45% jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant......»»

Category: topSource: foxnewsApr 4th, 2021

iPhone Maker Foxconn Q4 Earnings Drop YoY, Miss Street Estimates

Apple Inc(NASDAQ: AAPL) supplier Foxconn on Monday reported a 4% fall in quarterly profit as the Taiwanese contract electronics maker speeds up the shift towards electric vehicles, Bloomberg read more.....»»

Category: blogSource: benzingaMar 30th, 2021

Samsung reports profit jump driven by strong chip demand

Samsung expects its profit to weaken in the current quarter with a weak dollar and costs associated with expanded production lines.....»»

Category: topSource: foxnewsJan 28th, 2021

Foxconn reportedly obtains extra iPhone 12 Pro orders

Foxconn Technology Group (Hon Hai Precision Industry) is expected to see extra momentum in the first quarter of 2021 thanks to Apple increasing orders for the iPhone 12 Pro series, according to some market observers......»»

Category: topSource: digitimesJan 26th, 2021

Coronavirus hits GM first-quarter profit hard

General Motors Co on Wednesday reported a huge plunge in first-quarter quarter profit as it burned through cash with its the North American vehicle production shut down due to the coronavirus pandemic......»»

Category: topSource: reutersMay 6th, 2020

BP"s profit tumbles, debt climbs as virus crisis hammers oil demand

BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead. Ciara Lee reports.....»»

Category: videoSource: reutersApr 28th, 2020

BP"s profit tumbles, debt climbs as coronavirus crisis hammers oil demand

BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead......»»

Category: topSource: reutersApr 28th, 2020

Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams China demand

South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the coronavirus hit demand in China and due to losses at its financial business......»»

Category: topSource: reutersApr 23rd, 2020

Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams car demand

South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade as the spreading coronavirus outbreak hit demand for cars worldwide......»»

Category: topSource: reutersApr 23rd, 2020

Apple Supplier Foxconn"s Profit Falls Nearly 25% Year-Over-Year: Report

Apple Inc's (NASDAQ: AAPL) largest supplier, Foxconn Technology Group, saw its net profit fall 23.7% in the fourth quarter before the coronavirus pandemic spread, The Wall read more.....»»

Category: blogSource: benzingaMar 30th, 2020

Apple gets good news: Foxconn"s China factories are running again

Apple iPhone assembler Foxconn Technology has resumed production at its mainland China factories......»»

Category: topSource: moneycentralMar 12th, 2020

iPhone Maker Foxconn Expects 15% Q1 Revenue Hit From Coronavirus, Says Production Rebounding

Taiwanese consumer electronics manufacturer Hon Hai Precision Co. read more.....»»

Category: blogSource: benzingaMar 4th, 2020

Virus to dent Foxconn"s consumer electronics revenue

Apple supplier Foxconn warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China. Ciara Lee reports.....»»

Category: videoSource: reutersMar 3rd, 2020

Virus to dent Foxconn"s consumer electronics revenue in first-quarter

Apple supplier Foxconn warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China......»»

Category: topSource: reutersMar 3rd, 2020

Foxconn says cautiously resuming China output, warns coronavirus will hit revenue

Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic......»»

Category: topSource: reutersFeb 20th, 2020

Apple unlikely to meet revenue guidance due to coronavirus impact

Apple Inc said on Monday it would not meet its revenue guidance for the March quarter because of the coronavirus outbreak slowing iPhone production and weakening demand in China......»»

Category: topSource: reutersFeb 17th, 2020

Apple iPhone maker Foxconn approved to resume Shenzhen plant production: source

Apple iPhone maker Foxconn has received Chinese government approval to resume production at a key plant in the southern city of Shenzhen, a source with direct knowledge of the situation told Reuters late on Monday......»»

Category: topSource: reutersFeb 10th, 2020

Apple"s main iPhone maker Foxconn to resume some Chinese production: source

Apple's main iPhone maker Foxconn got the green light on Monday to reopen two major plants in China closed because of the coronavirus and aims to resume production even though only 10% of the workforce has returned so far, a source told Reuters......»»

Category: topSource: reutersFeb 10th, 2020