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Alphabet returns to revenue growth of 14% in Q3, net profit jumps 59%

2020-10-30 09:39:00| Telecompaper Headlines

(Telecompaper) Google's parent company Alphabet reported a return to revenue growth in the third quarter, as the advertising market recovered from the slowdown in Q2. Revenues rose 14 percent year-on-year to USD 46.2 billion, and the operating margin improved to 14 percent from 13 percent. Net profit jumped 59 percent to USD 11.2 billion or USD 16.40 per share.

Tags: net returns growth profit

 

Amazon doubles profit again in Q3

2020-10-30 09:33:00| Telecompaper Headlines

(Telecompaper) Amazon posted much higher than expected results for the third quarter, with CEO Jeff Bezos saying more people shopped early for holiday gifts, "one of the signs that this is going to be an unprecedented holiday season."

Tags: amazon profit doubles q3

 
 

WeWorks New CEO Is Eyeing an IPO AgainAfter He Turns Profit

2020-10-29 15:15:00| National Real Estate Investor

The company plans to revisit plans for an IPO after 2021, according to CEO Sandeep Mathrani.

Tags: profit ceo turns ipo

 

Gildan books Q3 profit drop on weaker activewear sales

2020-10-29 14:09:00| Daily apparel & textile news and comment - from just-style.com

Canadian apparel maker Gildan Activewear has seen third-quarter profits plunge as the impact of Covid-19 continued to batter sales.

Tags: books sales drop profit

 

Ooredoo Group net profit grows 16% in first 9 months, revenue down 3%

2020-10-29 09:17:00| Telecompaper Headlines

(Telecompaper) Ooredoo Group said its net profit increased by 16 percent to QAR 1.47 billion in the first nine months to 30 September from QAR 1.26 billion in the same period in 2019 in a more favorable foreign exchange environment. Revenue declined by 3 percent year-on-year to QAR 21.41 billion from QAR 21.96 billion because of Covid-19, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some markets. This was partially offset by growth in Indonesia. 

Tags: net group down months

 

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