Earnings

August 19, 2020 - 8:57 pm
CANBERRA, Australia (AP) — Qantas Airways said Thursday the pandemic cost it 4 billion Australian dollars ($2.9 billion) in revenue in the last fiscal year and warned that international travel won't resume before mid-2021. The Australian airline reported an underlying profit before tax of AU$124...
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AP Moeller-Maersk A/S company CEO Soeren Skou, gives press conference after the group published accounts for the second quarter, at the head office on the Esplanade in Copenhagen, Denmark, Wednesday Aug.19, 2020. Integrated transport and logistics company A.P. Moller-Maersk A/S published its Q2 2020 figures on Wednesday. (Martin Sylvest / Ritzau Scanpix via AP)
August 19, 2020 - 8:06 am
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that its business dropped only slightly during the second quarter as the COVID-19 pandemic hurt global demand but the outlook for trade is highly uncertain. The Copenhagen-based group said...
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FILE- This Jan. 24, 2017, file photo shows a Pizza Hut in Miami. Pizza Hut has reached an agreement with one of its largest franchisees to close 300 underperforming U.S. restaurants. NPC International, a Leawood, Kansas-based franchisee, announced the agreement Monday, Aug. 17, 2020, in a bankruptcy court filing. (AP Photo/Alan Diaz, File)
August 17, 2020 - 7:12 pm
Up to 300 Pizza Hut restaurants will be closed, most of them dine-in locations not well suited for carryout and delivery at a time when millions of people are sheltering and eating at home. Pizza sales have exploded during the pandemic. Domino's last month reported a 30% spike in quarterly profits...
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FILE - This is a Friday, Jan. 25, 2008 file photo of Carlsberg beer cans at a joint press conference by Heineken and Carlsberg to announce their joint bid to buy UK brewer Scottish & Newcastle (S&N), in London Danish brewer Carlsberg said Thursday, Aug. 13, 2020, its second quarter net profit dropped 7.3% to 2.9 billion kroner ($458 million) as all its markets were affected “to a greater or lesser extent” by the global coronavirus outbreak. (AP Photo/Sang Tan, File)
August 13, 2020 - 6:37 am
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg said Thursday its second quarter net profit dropped 7.3% to 2.9 billion kroner ($458 million) as all its markets were affected “to a greater or lesser extent” by the global coronavirus outbreak. The Copenhagen-based brewer said it saw "a modest...
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FILE - In this Aug. 7, 2019, file photo, people walk by a SoftBank shop in Tokyo. Japanese technology conglomerate SoftBank Group Corp. saw its April-June profit rise 12% as its investments added to its coffers, including sales of U.S. carrier T-Mobile shares. (AP Photo/Koji Sasahara, File)
August 11, 2020 - 5:07 am
TOKYO (AP) — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile. Tokyo-based SoftBank reported Tuesday a fiscal first quarter profit...
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FILE - In this Tuesday, April 30, 2013, file photo, a man works on a new Marriott sign in front of the former Peabody Hotel in Little Rock, Ark. Marriott says its business is steadily improving, Monday, Aug. 10, 2020, with 91% of its hotels now reopen and business travel reemerging in China. (AP Photo/Danny Johnston, File)
August 10, 2020 - 4:43 pm
On land and sea, the travel industry is hurting but holding out hope for a recovery. Marriott said Monday it has reopened most of its hotels around the world, helped by a rebound in business travel in China. The average occupancy at its hotels is also improving, although still at depressed levels...
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FILE - In this Tuesday, April 30, 2013, file photo, a man works on a new Marriott sign in front of the former Peabody Hotel in Little Rock, Ark. Marriott says its business is steadily improving, Monday, Aug. 10, 2020, with 91% of its hotels now reopen and business travel reemerging in China. (AP Photo/Danny Johnston, File)
August 10, 2020 - 7:44 am
Marriott has reopened 91% of its hotels globally as business travel reemerges in China and worldwide occupancy, which tumbled to 11% in April, reached 34%. The company reported quarterly profits on Monday that fell far short of expectations, however, and revenue plunged. Shares dipped about 3%...
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FILE - In this March 9, 2020, file photo, a security person wears a mask as he checks vehicles entering a compound for Saudi Aramco in Jiddah, Saudi Arabia. Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, Aug. 9, 2020, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. (AP Photo/Amr Nabil, File)
August 09, 2020 - 5:00 am
DUBAI, United Arab Emirates (AP) — Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. Profits for the first six months of...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)
August 08, 2020 - 4:30 pm
OMAHA, Neb. (AP) — Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the...
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In this Jan. 23, 2020, photo, a Nintendo sign is seen at the company's official store in the Shibuya district of Tokyo, Thursday, Jan. 23, 2020. Japanese video-game maker Nintendo Co. has scored a 33% jump in annual profit as people stuck at home during the coronavirus pandemic turn to playing games. (AP Photo/Jae C. Hong)
August 06, 2020 - 5:11 am
TOKYO (AP) — Nintendo Co.'s profit multiplied more than sixfold in April-June as people stuck at home during the pandemic turned to playing video games. The Japanese manufacturer of Pokemon and Super Mario games, as well as the Switch console, reported Thursday a profit of 106.4 billion yen ($1...
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