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CNH Industrial: 2019 First Quarter RESULTS

CNH Industrial: 2019 First Quarter RESULTS

London, UNITED KINGDOM, May 7 (Korea Bizwire) – The following is an extract from the “CNH Industrial 2019 first quarter results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: cnhindustrial.com/en-us/media/press_releases/ or consulting the accompanying PDF: CNH Industrial reported record 2019 first quarter net [...]

LG Electronics Q1 Net Profit Down 21 pct on Lackluster Mobile Biz

LG Electronics Q1 Net Profit Down 21 pct on Lackluster Mobile Biz

SEOUL, Apr. 30 (Korea Bizwire) — LG Electronics Inc. said Tuesday its first-quarter net profit dropped 20.8 percent from a year earlier as its money-losing smartphone business clouded robust revenue from its home appliance division. The South Korean electronics maker said it posted 578 billion won (US$495 million) in net profit in the January-March period, [...]

Samsung Expects Better Second Half After Reporting Weak Q1 Results on Chips

Samsung Expects Better Second Half After Reporting Weak Q1 Results on Chips

SEOUL, Apr. 30 (Korea Bizwire) — Samsung Electronics Co. on Tuesday cautiously expected an uptick in chip demand for high-value products and mobile devices in the second half of the year, after delivering a 60 percent drop in its first-quarter earnings on weak memory chip prices. The South Korean tech giant posted a net profit [...]

Mired in the Red, Coupang Recruits Restructuring Specialist

Mired in the Red, Coupang Recruits Restructuring Specialist

SEOUL, Apr. 26 (Korea Bizwire) — Coupang Inc., a South Korean shopping portal, has transitioned into a tripartite leadership structure after recruiting a restructuring specialist as head of the human resources department, leading many to anticipate major restructuring of the company recently stricken with massive losses. Coupang was previously led by a single representative structure [...]

Bombardier Provides Preliminary First Quarter 2019 Financial Results, Updates 2019 Guidance

Bombardier Provides Preliminary First Quarter 2019 Financial Results, Updates 2019 Guidance

MONTRÉAL, Apr. 25 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today preliminary financial results for the first quarter of 2019 and provided updates to its full year revenue and earnings outlook. First quarter 2019 adjusted EBITDA and adjusted EBIT are expected to be approximately $265 million and $170 million, respectively, on revenues of approximately $3.5 [...]

Samsung’s Q1 Profit Dips 60.4 pct On-year on Weak Memory Chip Market

Samsung’s Q1 Profit Dips 60.4 pct On-year on Weak Memory Chip Market

SEOUL, Apr. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its operating earnings likely plunged in the first quarter from a year earlier amid falling memory chip prices and weak demand for display panels. The operating profit was estimated at 6.2 trillion won (US$5.45 billion) in the January-March period, a 60.4 percent drop from [...]