Tag Archives: Earnings

DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company’s second highest ever result, Aramco said, as members of the OPEC+ alliance continue to cut their production to try to boost global energy …

PITTSBURGH (AP) — Sales slipped during the fourth quarter for Kraft Heinz as some customers, pinched by a bout of inflation, traded down to cheaper brands or did not buy as much. A number of food makers, citing inflation, have raised product prices and that has helped preserve profits. But that can come at a cost to sales as some …

Airbnb said Tuesday that it lost $349 million in the fourth quarter due to an income tax settlement with Italy, but bookings and revenue rose, and the short-term rental giant said demand remains strong. The company forecast first-quarter revenue that would meet or beat Wall Street expectations. However, the pace of bookings growth is likely to “moderate” from the fourth …

TOKYO (AP) — Nissan’s profit sank in October-December to about half of what it earned the year before, the automaker said Thursday, though it stuck to its earlier earnings forecasts. Nissan Motor Co., based in the port city of Yokohama, reported its profit was 29 billion yen ($195 million) in the last quarter, down from 50.6 billion yen a year …