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Apple quarterly profit leaps, nears $1 trillion value

Apple said Tuesday that its profit had jumped more than 30 percent to $11.5 billion in the recently ended quarter, besting market expectations despite selling fewer iPhones than analysts projected.

Microsoft profit climbs as cloud grows

Microsoft on Thursday said its revenue and profit climbed in the recently ended quarter, getting results from its bets on cloud computing services and artificial intelligence.

US IPO for Baidu video unit as Q4 net income flattens

Chinese search engine giant Baidu will spin off its Netflix-like video arm iQiyi and list it in the US market, the company said in a statement that revealed its net profit grew only one percent during the fourth quarter.

Dutch hi-tech group ASML notches up 'fantastic year'

Dutch computer chip maker and global hi-tech bellwether ASML Wednesday reported "a fantastic" 12 months with year-on-year profits almost doubling in 2017, sales on the increase and thousands of new jobs being created.

Life differences make women less risk tolerant when investing

Prior research has long shown that women are, on average, less risk tolerant in their financial decisions than men. This is a concern as investors with low levels of risk tolerance might have greater difficulty reaching their ...

Top chipmaker TSMC says forex fluctuation hits Q1 earnings

Microchip giant Taiwan Semiconductor Manufacturing blamed currency fluctuations as it posted a slump in first quarter earnings Thursday, warning that growth was unlikely to pick up before the second half of the year.

Tesla slips back into red but revenue grows (Update)

Tesla reported on Wednesday that it slipped back into the red in the recently ended quarter while revenue revved, with orders for some of electric car models hitting record highs.

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Net income

Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. Net income can be distributed among holders of common stock as a dividend or held by the firm as retained earnings. Net income is an accounting term. In some countries (such as the UK) profit is the usual term.[citation needed] Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity.

The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company advertising, manufacturing, and design and development costs are included.

Net income is informally called the bottom line because it is typically found on the last line of a company's income statement. A related term is top line, meaning revenue, which forms the first line of the account statement.

An equation for net income in merchandising:

Net income or net loss = Revenue – Cost of goods sold – Sales discounts – Sales returns and allowances – Expenses – Minority interest – Preferred stock dividends

This text uses material from Wikipedia, licensed under CC BY-SA