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Samsung Electronics profit growth slows on smartphone weakness

3 months, 13 days ago
SEOUL: South Korean tech giant Samsung Electronics Co Ltd estimated on Friday earnings grew at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings.…

Head of games at Angry Birds firm goes after profit warning

7 months, 17 days ago
HELSINKI: "Angry birds" maker Rovio said on Friday its head of games was leaving, a week after the Finnish company issued a profit warning that sent its shares plunging 50 percent. “It’s time to pass the hoodie and move on,” Wilhelm Taht…

Twitter hits milestone with first-ever profit

8 months, 10 days ago
WASHINGTON: Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals. Twitter shares leapt 18 percent to $31.77 --…

Facebook reaches 2 billion users as revenue jumps

1 year, 5 months ago
CALIFORNIA: Facebook on Wednesday reported that its quarterly profit surged as its ranks of monthly users closed in on two billion, but warned of rising expenses and slowing revenue growth. The leading social network said it made a…

Nintendo returns to profit on mobile gaming

1 year, 8 months ago
OSAKA: Nintendo Co Ltd on Tuesday reported its first quarterly profit in a year as its nascent mobile games division started to bring in revenue, though not enough to prevent weak console software sales dragging down its annual earnings…

Philips profits more than double in 2016

1 year, 8 months ago
THE HAGUE, NETHERLANDS: Dutch electronics giant Philips said on Tuesday its bottom-line profit more than doubled in 2016, buoyed by gains from the flotation of its lighting business and the strong performance of its health technology…

EU banks at risk from bad loans, low profit: regulator

1 year, 10 months ago
LONDON: The greatest risks facing European Union banks are high levels of bad loans and lower profitability, the bloc's financial regulator said in a report Friday. The European Banking Authority said that while EU-wide lenders had…

Apple’s holiday surprise: big sales, not so big profits

1 year, 11 months ago
Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down. The world's…