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Renault"s 2020 vision clouded as "tough" year leads to first loss in a decade

Renault reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance......»»

Category: topSource: reutersFeb 14th, 2020

Hiwin hits 12-year low profit in 1Q20

Mechanical motion control component maker Hiwin Technologies has reported net loss of NT$131 million (US$4.3 million) for first-quarter 2020, the worst quarterly profitability since 2008......»»

Category: topSource: digitimesMay 6th, 2020

SoftBank Loss Might Get As High As $9.4B: Report

SoftBank Group Corp.’s (OTC: SFTBY) net loss for the year ended March 2020, is set to rise to $9.39 billion. read more.....»»

Category: blogSource: benzingaApr 30th, 2020

JCET Group Integration Turns Loss to Profit in 2019

SHANGHAI, April 30, 2020 /PRNewswire/ -- Global leading semiconductor microsystem integration packaging and test provider, JCET Group (SH: 600584) reported the financial results for full year 2019, ended D.....»»

Category: earningsSource: benzingaApr 30th, 2020

SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»

Category: topSource: reutersApr 30th, 2020

SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»

Category: topSource: reutersApr 30th, 2020

SoftBank sees $8.4 billion net loss on WeWork writedown

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen......»»

Category: topSource: reutersApr 29th, 2020

Southwest Nosedives on 1st Quarterly Loss in a Decade

Berkshire-owned airline warns of significant revenue decline in May on coronavirus-related pressureCheck out Warren Buffett Stock Picks » Download GuruFolio Report of Warren Buffett (Updated on 04/27/2020), Check out PRIMECAP Management.....»»

Category: blogSource: gurufocusApr 28th, 2020

Iridium Announces First-Quarter 2020 Results; Company Updates 2020 Outlook

MCLEAN, Va., April 28, 2020 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium") today reported financial results for the first quarter of 2020 and updated its full-year 2020 outlook. Net loss was $31.7 mi.....»»

Category: earningsSource: benzingaApr 28th, 2020

Verizon pulls 2020 revenue view as lockdowns result in wireless subscriber loss

Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores......»»

Category: topSource: reutersApr 24th, 2020

"Thriving not just surviving": How the UK"s fast-fashion giant is powering ahead of competitors during the coronavirus pandemic

Boohoo British fast-fashion retailer Boohoo posted a 44% jump in revenue for the year ending February 2020, proving its resilience in a tough business environment. Sales for the.....»»

Category: topSource: businessinsiderApr 24th, 2020

AT&T pulls 2020 financial forecast as coronavirus clouds business

AT&T Inc pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future......»»

Category: topSource: reutersApr 22nd, 2020

SoftBank"s Vision Fund expected to take $17B loss

TOKYO -- SoftBank Group Corp. is on track for its worst annual performance in its 39-year history as the tech conglomerate said it expected to lose nearly $17 billion in its Vision Fund for the fiscal year just ended......»»

Category: topSource: moneycentralApr 14th, 2020

SoftBank record loss estimate renews asset sale focus

SoftBank Group Corp's estimate it will post a record $13 billion full-year loss, dragged down by its spluttering $100 billion Vision Fund, has renewed attention on a planned asset sell-down aimed at raising cash and restoring confidence......»»

Category: topSource: reutersApr 14th, 2020

SoftBank Facing Record Losses As Startup Investments Fail To Deliver

SoftBank Group Corp. (OTC: SFTBY) is forecasting record losses for the financial year that ended March 2020, as its Vision Fund and other investments flounder. read more.....»»

Category: blogSource: benzingaApr 14th, 2020

SoftBank shares fall 3.5% after flagging first financial year loss in 15 years

SoftBank Group Corp shares fell 3.5% on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to the tumbling value of bets on unproven startups......»»

Category: topSource: reutersApr 13th, 2020

SoftBank shares untraded after estimating historic loss

SoftBank Group Corp shares were untraded with a glut of sell orders on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to faltering bets on unproven startups......»»

Category: topSource: reutersApr 13th, 2020

SoftBank Vision Fund expects $16.5B full-year loss

Softbank Group Corp said on Monday it expects its $100 billion Vision Fund to book a loss of $16.5 billion in the financial year ended March due to the deteriorating performance of its tech bets......»»

Category: topSource: foxnewsApr 13th, 2020

SoftBank sees $16.5 billion full year Vision Fund loss

Softbank Group Corp said on Monday it expects its $100 billion Vision Fund to book a loss of 1.8 trillion yen ($16.5 billion) in the financial year ended March due to the deteriorating performance of its tech bets......»»

Category: topSource: reutersApr 13th, 2020

Palo Alto projects big revenue loss this year, but commits to paying city workers

The city of Palo Alto’s revenue projections for 2020 aren’t looking good, but for now, it’s still committing to paying its workers. The city projects that it could see a loss of as much as $20 million in revenue this year as a result of the COVI.....»»

Category: topSource: bizjournalsApr 9th, 2020

Market Extra: Market rout leaves public pension funds nursing a nearly $1 trillion loss for fiscal 2020: Moody’s

The global rout of financial markets this year is putting pressure on state and local government pension funds which are already struggling to fund themselves and pay for the future retirement benefits of public-sector workers......»»

Category: topSource: marketwatchMar 24th, 2020