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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.

Crisis-hit Nissan issues fresh profit warning

Nissan issued a profit warning on Wednesday, deepening the woes of the Japanese car giant as it seeks to recover from the shock of former boss Carlos Ghosn's arrest.

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.

Baidu profit falls but revenue beats expectations

Leading Chinese internet search provider Baidu has announced a 50 percent plunge in net profit for the fourth quarter but revenue beat expectations on growth in its core search business and a push into artificial intelligence ...

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