By Reuters Staff
2 Min Read
PARIS, May 6 (Reuters) - French defence and technology group Thales posted higher than expected first-quarter revenues and orders as it returned to growth in the wake of the coronavirus crisis.
The French group said quarterly revenues rose 1.9% on a like-for-like basis to 3.917 billion euros ($4.70 billion), led by demand for military radars and cybersecurity and offsetting lower civil aerospace activity heavily impacted by the pandemic.
The intake of new orders jumped 31% to 3.416 billion euros on the back of French Rafale sales to Greece and France, for which Thales makes radars, and a Franco-Italian air defence system, as well as a broadband satellite for Indonesia.
By Reuters Staff
1 Min Read
May 3 (Reuters) - Westpac Banking Corp laid out a three-year plan to cut costs on Monday as its first-half cash earnings more than tripled from last year’s plunge.
Australia’s second-largest bank said cash earnings for the six months ended March 31 rose to A$3.54 billion ($2.73 billion), compared with A$993 million last year. This was above a forecast of A$3.28 billion in a Reuters poll.
$1 = 1.2960 Australian dollars Reporting by Rashmi Ashok and Nikhil Kurian Nainan in Bengaluru; editing by Diane Craft
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By Reuters Staff
1 Min Read
April 30 (Reuters) - Top U.S. oil producer Exxon Mobil Corp on Friday posted its first profit in five quarters, as higher oil and gas prices offset costs from a deep freeze in February.
Net income attributable to Exxon was $2.73 billion, or 64 cents per share, in the first quarter, compared with a loss of $610 million, or 14 cents per share, a year earlier.
Reporting by Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila
By Reuters Staff
1 Min Read
April 29 (Reuters) - Domino’s Pizza Inc missed Wall Street estimates for quarterly revenue on Thursday, as demand for its pizzas weakened after coronavirus-led restrictions eased in the United States.
Total revenue rose to $983.7 million in the first quarter from $873.1 million a year earlier, compared with estimates of $984.77 million, according to IBES data from Refinitiv. (Reporting by Aditi Sebastian; Editing by Amy Caren Daniel)