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Cheniere Tops Q2 Profit Estimates, Accelerates LNG Plant Expansion

2020-08-07 15:40:20| OGI

Despite cargo cancellations, CEO Fusco calls performance a massive success.

Tags: profit plant estimates expansion


Facebook doubles profit on strong growth in user numbers during Q2, sees pressure for ad revenue

2020-07-31 11:37:00| Telecompaper Headlines

(Telecompaper) Facebook doubled its net profit in the second quarter amid continued high engagement on its network amid the covid-19 pandemic, even as revenue growth slowed to 11 percent. The company noted however that it was seeing signs of normalisation in user growth and engagement as lockdown measures ease in some parts of the world, particularly in developed markets where the company's penetration is higher. The company expects the daily and monthly user growth to sequentially flatten or even decline in the third quarter as shelter-in-place measures restrictions continue to lessen.

Tags: user strong numbers growth


Google reports lower revenues, first even profit decline in Q2

2020-07-31 09:19:00| Telecompaper Headlines

(Telecompaper) Google's parent Alphabet reported lower revenues and its first ever revenue fall during the second quarter, even as the company's ad business started to recover amid the coronavirus pandemic.

Tags: in google reports lower


Amazon lifts revenues, doubles profit in Q2

2020-07-31 08:58:00| Telecompaper Headlines

(Telecompaper) After saying earlier that profits might suffer in the second quarter amid investments related to covid-19 pandemic, Amazon has reported a doubling of its operating and net profit, with revenues up 40 percent. 

Tags: amazon profit revenues doubles


Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs

2020-07-23 08:50:00| Telecompaper Headlines

(Telecompaper) Microsoft reported another quarter of double-digit revenue growth, led by demand for its cloud services. Revenues rose 13 percent year-on-year to USD 38.0 billion in its fiscal fourth quarter to June, and operating profit was up 8 percent to USD 13.4 billion. Net profit fell 15 percent to USD 11.2 billion or USD 1.46 per share, due to a one-time charge of USD 450 million to shut down its shops and a large tax benefit in the year-earlier period. 

Tags: net sales store costs


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