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Saudi oil giant Aramco posts 5% dip in first-quarter profit

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.  Hamad I Mohammed | Reuters Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in … Read more

Ferrari posts upswing in first-quarter profit, confirms 2025 guidance

The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing … Read more

Shell posts sharp fall in first-quarter profit on weaker oil prices

The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices. Shell reported adjusted earnings of $5.58 billion for the first three months … Read more

German auto giant Volkswagen posts 37% drop in first-quarter profit

An American flag flies beyond the Volkswagen logo displayed at a Volkswagen dealership on April 4, 2025 in Pasadena, California. Mario Tama | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday reported a substantial drop in first-quarter profit as the carmaker navigates the disruptive impact of U.S. tariffs on the global … Read more

Samsung’s first-quarter operating profit and revenue beat expectations as chip sales rise

Photo illustration showing the Samsung Group company logo displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Samsung Electronics’ operating profit and revenue beat analysts’ estimates Wednesday, as chip sales rose amid worries of U.S. President Donald Trump’s “reciprocal” tariffs coming into effect. The South Korean company posted a near 10% jump … Read more

BP posts sharp fall in first-quarter profit on weaker oil prices

British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted … Read more

WPP first-quarter sales drop on declines in U.K., Western Europe

WPP Plc said revenue declined in the first quarter after sales in its European business units dropped, while Chief Executive Officer Mark Read said the company hasn’t seen client reaction from tariffs yet.  Revenue, excluding pass-through costs for services from other vendors, fell 2.7% to £2.48 billion ($3.3 billion), the British advertising agency said in … Read more

Software giant SAP’s shares surge 9.3% after first-quarter profit beat

SAP on Wednesday posted a 58% year-on-year jump in first-quarter operating profit in constant currency, also confirming its outlook for full-year cloud revenues. SAP’s operating profit hit 2.5 billion euros ($2.9 billion) in the first quarter, compared with analysts expectations near 2.2 billion euros, according to LSEG data. Shares of the company popped 9.3% by … Read more

Tesla shares tumble ahead of first-quarter earnings report

SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025. Win McNamee | Getty Images Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company’s first-quarter earnings report, as analysts fret over “ongoing brand erosion.” The stock closed … Read more

TSMC first-quarter profit tops estimates, rising 60%, but Trump trade policy threatens growth

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat profit expectations for the first quarter, thanks to a … Read more

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