Quad Cities-based farm and construction equipment maker Deere & Co. says it earned more in the first nine months of its 2021 fiscal year than it did in its full year record for the 2013 financial year. Deere, which released its third quarter results on Friday, said its net profit for the nine months ending […]
Jeff Bezos may have quit the CEO job, but Amazon.com Inc. continues to hum. Amazon today released its first quarterly earnings report since Andy Jassy took over from Bezos as CEO on July 5, and it shows Amazon grew its second quarter net profit by 48.4% through compared to the same period last year, while […]
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Nike’s annual profits are soaring 196% from last year and 42% from 2019. Year-to-date revenue … [+] increased by 19%. (Photo by Stephanie Keith / Getty Images) Getty Images Nike announced its fourth quarter (Q4) and annual performance for the fiscal year ending May 31, 2021 with annual profits up 196% from last year and […]
Sony is hoping that sales of its PlayStation 5 game console will surpass those of its hugely popular predecessor system this year, despite the warning that the global chip tightening is expected to persist for the next 12 months. The Japanese group’s goal for the new console came as the pandemic-triggered gaming boom took its […]
The state-backed Saudi oil giant said on Sunday that its 2020 profits had fallen to $ 49 billion (£ 35 billion) as the coronavirus pandemic shook global energy markets. Saudi Arabian Oil Co released its financial results a year after the pandemic dropped the price of oil to record highs as people stopped moving around […]
Supermarket chain Morrisons saw its annual profits cut in half as it was impacted by the additional costs of Covid-19, but also declared a special dividend alongside a final payment. Profit before tax and exceptional items fell 50.7% to £ 201m, including £ 290m of direct costs from Covid-19 to cover thousands of additional staff, […]
Many hospitals across the country suffered a financial blow from the COVID-19 pandemic, but some large healthcare systems were still profitable in 2020. The pandemic resulted in lower patient volumes and higher spending for U.S. hospitals last year, and the financial damage could continue this year. The pandemic could cost hospitals between $ 53 billion […]
Lloyds Banking Group has announced that it will expand its insurance and wealth management business as lower interest rates and bad loan provisions hurt profitability. The bank, which returned to private hands in 2017 following a taxpayer bailout during the financial crisis, revealed a 72% drop in pre-tax profits for 2020. Much of the blow […]
Video game holding company Activision Blizzard released its financial results for the fourth quarter and full year 2020. The company generated quarterly net revenues of US $ 2.41 billion, up 21.5% from $ 1.99 billion in the last quarter. same period of 2019. For the full year 2020, Activision Blizzard recorded revenue of $ 8.1 […]
Construction of the Olkaria V geothermal power plant, Kenya October 2018 (source: LinkedIn / Roberto Razo) KenGen reports higher profits for the fiscal year ended June 2020, largely attributed to the new 165 MW Olkaria V geothermal power plant and revenues from the geothermal services business. The target for 2021 is now to deliver the […]