Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.
With Super Bowl LVIII in tow, MGM Resorts posted a new record for its Las Vegas resorts to begin the year.The company reported net revenues of $2.3 billion for
Vinted, the popular online marketplace for second-hand fashion, has announced its first-ever annual profit. The milestone follows a strong 2023, reaching €596.3mn in revenue — a 61% increase compared to the previous year (€370.2mn). With an adjusted EBITDA at €76.6mn, Vinted turned a €20.4mn net loss in 2022 into a €17.8mn net profit in 2023. The startup attributes its profitability to significant growth, starting with increased penetration in existing markets and its expansion to...
Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter as the company continues to see stellar ad growth across its family of world-leading social media apps. The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total
The French economy grew more than expected in the first quarter, official data showed on Tuesday, delivering good news to a government facing scrutiny over the country's huge debt pile.
(Reuters) - First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy.The company reported a net profit of $236.6 million, or $2.20 per share, for the three months ended March 31, compared to $42.5 million, or 40 cents per share, in the same period last year.Analysts expected an average of $1.99 per share, according to LSEG data.The U.S. solar market has seen significant momentum since last year, helped by...
Amazon reported another big jump in its advertising business, and has emerged as a key player in the digital ad market.
We’re now halfway through the work week with a fresh batch of new deals – all headlined by Apple’s 10th Generation iPad at $470. It comes joined by iPhone 14 Pro at $705 if you don’t mind going with an Amazon refurbished model, while Apple Watch Series 9 remains at $100 off. Hit the jump for all that and more in the latest 9to5Toys Lunch Break. more
Signs of improving business environment and expectations of interest rate cuts have encouraged clients to ramp up spending on technology and consulting services, helping firms such as Cognizant. Cognizant said total headcount at the end of the first-quarter was 344,400, a decrease of 3,300 from the fourth-quarter last year.
Signs of improving business environment and expectations of interest rate cuts have encouraged clients to ramp up spending on technology and consulting services, helping firms such as Cognizant. Cognizant said total headcount at the end of the first-quarter was 344,400, a decrease of 3,300 from the fourth-quarter last year.
Deepwater driller Transocean flipped its first quarter performance from a
In Q1 2024, there was a fall of just below 1% in the number of businesses in Northern Ireland experiencing ‘significant’ or early-stage financial distress compared with Q4 2023. In the last quarter, under 9,000 businesses in Northern Ireland were affected by this type of distress (which refers to businesses showing deterioration in key financial ratios and indicators including those measuring working capital, contingent liabilities, retained profits and net worth). The province also saw a fall...