Breaking Down SoftBank Results

May.19 — Chris Lane, senior research analyst for Asia-Pacific telecommunications at Sanford C. Bernstein, discusses SoftBank Group Corp.’s financial results and outlook. SoftBank said its Vision Fund business lost 1.9 trillion yen ($17.7 billion) last fiscal year after writing down the value of investments, triggering the worst loss ever in the Japanese company’s 39-year history. Lane speaks … Read more Breaking Down SoftBank Results

SoftBank Heads for Record Loss; Jack Ma Leaves Board

May.17 — SoftBank Group Corp. doubled the amount it plans to spend buying back shares and announced changes to its board, including the resignation of long-time director Jack Ma. The company expects to book a record 1.35 trillion yen operating loss for the year ended March 31 when it reports financial results Monday afternoon in Tokyo after its portfolio … Read more SoftBank Heads for Record Loss; Jack Ma Leaves Board

Maersk Still Expects U-Shaped Recovery, CEO Skou Says

May.13 — A.P. Moller-Maersk A/S Chief Executive Officer Soren Skou discusses the company’s financial results, outlook and strategy. The world’s largest container line said the fallout from Covid-19 will drive volumes down by as much as 25% this quarter, as the company braces for an historic slump in demand. Skou speaks with Anna Edwards and Matt Miller on … Read more Maersk Still Expects U-Shaped Recovery, CEO Skou Says

Commerzbank ‘Confident’ Will See Recovery in Valuation Results: CFO

May.13 — Commerzbank AG Chief Financial Officer Bettina Orlopp talks about the company’s financial results, outlook and strategy. The Frankfurt-based lender took a 479 million-euro ($520 million) hit to deal with the fallout from the coronavirus crisis, joining peers in marking down assets and boosting reserves to deal with bad loans. Orlopp speaks with Matt … Read more Commerzbank ‘Confident’ Will See Recovery in Valuation Results: CFO

Adidas CEO Says Online Sales Won’t Offset Slump From Virus

Apr.27 — Kasper Rorsted, chief executive officer of Adidas AG, discusses the company’s financial results and outlook. The German athletic wear maker forecast a loss in the second quarter as more than two-thirds of its stores are closed due to the Covid-19 pandemic. Sales will probably fall about 40% adjusted for currency swings, and first-quarter … Read more Adidas CEO Says Online Sales Won’t Offset Slump From Virus

Netflix Swears It Won’t Run Out of TV Shows During the Pandemic

Faced with an unprecedented global health crisis that has frozen businesses around the world, Netflix Inc. is reassuring customers (and investors) that it won’t run out of new TV shows or movies anytime soon. The company has already finished production on almost all of its slate for this year, and has also finished filming many … Read more Netflix Swears It Won’t Run Out of TV Shows During the Pandemic

World’s Top Glovemaker Sees Continued Demand Amid Virus Outbreak

Mar.20 — Lim Wee Chai, executive chairman of Malaysia’s Top Glove Corp., discussses the company’s financial results and how the coronavirus outbreak is affecting demand for its products. The world’s biggest glovemaker said Thursday its net second-quarter net income rose 9.3%. Lim speaks with Haslinda Amin and Yvonne man on “Bloomberg Markets.”

Aramco Keeps $75 Billion Dividend Promise Despite Oil’s Dive

Mar.16 — Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year. The world’s biggest company by market value, which listed in the Saudi Arabian capital of Riyadh in December, will pay the dividends on a quarterly basis, it said in its 2019 … Read more Aramco Keeps $75 Billion Dividend Promise Despite Oil’s Dive

Big meditation money, new VC funds, and how do you value Airbnb?

Spotify: https://spoti.fi/2uUtGYN Apple Podcasts: https://apple.co/2wjUlP6 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. After having a good time with NEA’s Rick Yang last week, we thought we’d bring on another venture capitalist. So this week Danny and I had Elliott Robinson from Bessemer swing over … Read more Big meditation money, new VC funds, and how do you value Airbnb?

Barclays CEO Staley on Earnings, Profitability, Epstein Relationship

Feb.13 — Barclays Plc Chief Executive Officer Jes Staley talks about financial results, profitability and a Financial Conduct Authority probe into his relationship with Jeffrey Epstein, the disgraced millionaire who died in prison last year after being arrested on charges of sex trafficking minors. Staley talks with Anna Edwards and Matt Miller on “Bloomberg Markets: European … Read more Barclays CEO Staley on Earnings, Profitability, Epstein Relationship

5G Will Help Accelerate Qualcomm’s Growth, Canaccord’s Walkley Says

Feb.05 — Mike Walkley, managing director of Cannaccord Genuity, talks about Qualcomm Inc.’s financial results and outlook. The company gave a strong sales forecast for the current quarter, indicating new high-speed wireless networks are starting to fire up demand for pricier smartphones. Walkley speaks with Taylor Riggs and Paul Allen on “Bloomberg Markets.”

BNP Paribas CIB Is ‘Well-Positioned,’ CFO Machenil Says

Feb.05 — BNP Paribas SA Chief Financial Officer Lars Machenil discusses the company’s financial results, outlook and strategy. The French bank kept pace with gains at some of its biggest Wall Street rivals in the fourth quarter, posting a near 63% jump in fixed-income trading revenue after a rebound in rates and foreign exchange activity. … Read more BNP Paribas CIB Is ‘Well-Positioned,’ CFO Machenil Says

Fortescue (FMG) Profits surge, Pays Shareholders First Dividend

One of Australias largest, and most talked about mining companies, Fortescue, have today reported a massive 628% increase in first half profits on the previous reporting period. Consequently, a maiden dividend to shareholders has been annoucned at 3 cents per share. First half net profit increased to $US314.1 million ($311.2 million), up 628 per cent … Read more Fortescue (FMG) Profits surge, Pays Shareholders First Dividend

Jade Art Group Full Year Financial Results

Jade Art Group, an exporter of raw jade from China, has announced decreased profits in the year to December 2009. The company transports the semi-precious stone for use in construction and high-end jewellery. The key figures were as follows: Revenue of $25.3 million represents a 17% decrease from $30.5 million in 2008. Gross profit was … Read more Jade Art Group Full Year Financial Results