BlackRock on Thursday announced a 20% fall in its earnings for the first quarter that ended March 31, 2016. The company registered a restructuring cost of $76 million in the current period with regard to its organization simplifying plan.
analysts estimate
Hennes & Mauritz's quarterly sales including VAT rose by 9% in domestic currencies. The company's quarterly profit declined 30% as dollar increased over local currencies.
Oracle's third quarter profit declined as strong growth in cloud business was offset by the robust US dollar. Revenues from cloud business increased 40% to $735 million during the third quarter.
Square reported a widened loss during the fourth quarter of 2015 as transaction expenses and other related costs burdened its balance sheet. The company reported a 49% increase in quarterly revenue.
The Kraft Heinz Company on Thursday reported its fourth-quarter earnings that outstripped analysts' estimate. The company also declared a quarterly dividend of $0.575 per common share.
Premier Oil posted a widened loss in the year 2015 amid lower oil price. The firm also urged the government to promote infrastructure policies in the North Sea to lure investment.
The soda maker Cott Corp posted fourth-quarter adjusted net income of US$3 million, boosted by the growth in the DS Services coffee and water home delivery business.
Subscribe to VCpost newsletter
Most Popular
- Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes
- Social Security Payments Worth Over $4,800 To Go Out This Week; Here’s When You’ll Get Yours
- US Could See Another ‘Great Resignation’ as 3 in 10 Workers Plan To Quit in 2024: Survey
- Uber, Lyft Drivers Remain as Contractors After California Supreme Court Upheld Proposition 22
- Walmart Eyes $200 Million Investment in Autonomous Forklifts
- Maersk Agrees to Settlement with US Labor Department After Firing Whistleblower
- Delta’s CEO Flew to Paris for the Olympics While His Company Is Under Federal Investigation: Report
- Wiers Farm Recalls Produce Products Due To Potential Listerian Contamination