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Investments weigh on Deutsche Telekom bottom line

German network operator Deutsche Telekom said Thursday it was confident of hitting its financial targets for 2019, although it reported falling profits in the first quarter as costly infrastructure investments hit.

Monster cartel charge puts brakes on BMW earnings

German high-end carmaker BMW on Tuesday reported a plunge in profits in the first quarter as it booked a 1.4-billion-euro ($1.6 billion) charge related to an EU cartel probe.

Airbus profits plunge, blames scrapping of A380

European aerospace giant Airbus announced Tuesday its net profit fell sharply in the first quarter, blaming in part its decision to stop building the loss-making A380 super-jumbo.

SK Hynix profits slump 69% in first quarter

South Korea's SK Hynix, the world's second-largest memory chip maker, saw operating profits plunge more than two-thirds in the first quarter in the face of lower prices, it said Thursday.

Privacy fine set-aside dents Facebook's profit

Facebook said Wednesday its profit took a hit from setting aside billions of dollars for an anticipated fine from US regulators, in a quarterly report that sent shares higher.

Twitter triples profits, global user base steadies

Twitter said Tuesday profits soared in the past quarter, and President Donald Trump immediately claimed credit for the success of the short messaging platform even as he renewed his allegations of bias.

Nokia Q4 profit up as operators switching to 5G networks

Nokia has reported increased fourth-quarter earnings on the back of grown orders from telecom operators of new-generation mobile networks that are expected to be rolled out commercially this year.

Facebook sees higher profits, more friends

Facebook said Wednesday that quarterly profit climbed to an all-time record $6.9 billion as it boosted its global user base despite scandals that have dented the leading social network's image.

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