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Samsung profit halves in Q2 on weak memory market, lower phone margins

2019-07-31 08:52:00| Telecompaper Headlines

(Telecompaper) Samsung's net profit in the second quarter more than halved, to KRW 5.18 trillion from KRW 11.04 trillion a year ago, due to a fall in results at its semiconductor business and lower profitability in smartphones. The company's revenues fell 56 percent to KRW 56.13 trillion, led by the decline in memory products.

Tags: phone market lower memory

Apple grows revenues 1% as services expansion offsets lower iPhone sales

2019-07-31 08:23:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues up 1 percent year-on-year to USD 53.8 billion in its fiscal third quarter to June, in line with its outlook and led by record revenue from services. Quarterly earnings fell 7 percent to USD 2.18, but were better than market expectations.

Tags: services sales lower apple

ConocoPhillips Sees Double-digit Lower 48 Production Growth

2019-07-30 22:08:27| OGI

The company is working to align rig counts with optimal long-term production plateaus in the Eagle Ford, Bakken and Delaware Basin as it pushes forward with plans in Alaska.

Tags: lower production growth sees

ConocoPhillips Adjusted Profit Falls On Lower Crude Prices

2019-07-30 14:45:03| OGI

U.S. light crude prices averaged $59.91 per barrel in the second quarter, 11.8% lower than a year earlier, while Brent crude averaged $68.47 per barrel, 8.7% lower than a year earlier.

Tags: prices lower falls profit