Samsung’s Q2 revenue drops 95% as chip downturn continues

Corinne Reichert/ZDNET Samsung’s working revenue nosedived within the second quarter from the heavy losses incurred by its chip division however stable performances from its different companies allowed the corporate to stay worthwhile. The South Korean tech big mentioned it recorded 60 trillion gained in income and 0.67 trillion gained in working revenue, a drop of … Read more

Samsung’s revenue hits 14-year low once more as chip downturn continues

Samsung is the world’s largest reminiscence chip maker. Samsung Samsung recorded its lowest working revenue in 14 years for its April to June quarter this 12 months because of the continued downturn of the reminiscence chip market. The South Korean tech large mentioned in its earnings steerage that it recorded 60 trillion gained in income … Read more

Ford Motor Co sues Blue Cross Blue Protect in antitrust case over ‘astronomical’ revenue

By Mike Scarcella (Reuters) – Ford Motor Co sued Blue Cross Blue Protect Affiliation in U.S. courtroom on Wednesday, accusing it of a price-fixing conspiracy that induced the automaker to pay inflated prices for medical health insurance merchandise for its staff. The lawsuit Ford filed in Detroit federal courtroom accused the insurer and its regional … Read more

Qantas predicts file revenue, irks unions

STORY: Qantas simply predicted file earnings forward – and within the course of enraged its labor unions. On Tuesday (Could 23) the Australian airline stated annual underlying earnings may go as excessive as $1.6 billion. That’s higher than analysts anticipated, and can be round 50% up on the previous file, set in 2018. The provider … Read more

Ryanair experiences bumper revenue on ‘favorable’ gasoline hedges, sees main business consolidation

BONN, Germany – Jan. 30, 2023: A Ryanair aircraft parks at Bonn airport in Cologne, Germany. Ryanair reported a bumper full-year revenue for 2022/23 on the again of resurgent visitors and favorable oil hedges. Ting Yang | Nurphoto | Getty Pictures Ryanair on Monday posted a full-year internet revenue of 1.43 billion euros ($1.55 billion), … Read more

Oil large revenue drops 19% in first quarter

DUBAI, United Arab Emirates — Saudi state oil large Aramco on Tuesday reported a 19% drop in its first-quarter earnings, recording web revenue of $31.9 billion down from $39.5 billion the earlier 12 months amid falling oil costs. Analysts anticipated to see a dip in web revenue this quarter in comparison with the earlier 12 … Read more