(Reuters) - Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled.
Sections: news
RELATED ARTICLES
- HTC Expects Brighter Second Quarter
Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More - Mobile Efforts Help Propel Facebook’s Earnings
Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More - All Eyes On Facebook's Mobile Growth And Graph Search Progress
Quick Take Facebook will release its Q1 2013 earnings on May 1. We expect healthy advertising revenue growth driven by improved mobile monetization and a growing user base. Margins will shrink due to higher headcount related costs and infrastructure investments. We’ll also look for any color on the success of Graph Search, which could be one of the key features of Facebook going forward. More - The New York Times Company Reports a Drop in Profit
While advertising continued to fall, The New York Times Company, which is repositioning itself for a digital age, said circulation revenue rose 6.5 percent in the first quarter. More - Zynga Q1 Earnings Beat Street, But Shares Down
Zynga posted first quarter 2013 earnings that beat analysts expectations, but shares are trading down after-hours on future outlook. More
BING NEWS:
- Iran to Import No Wheat until March 2025
Iran will not import any wheat until March 2025 as it will rely on domestic production, the Iranian Student News Agency reported a deputy at the Agriculture Ministry saying on Thursday. "Between March ...
05/9/2024 - 2:17 am | View Link - Quebecor 1Q Profit Rises on Higher Mobile Services Revenue
By Adriano Marchese Quebecor logged a higher profit in the first quarter as its Freedom Mobile acquisition continues to drive revenue growth at ...
05/8/2024 - 11:53 pm | View Link - New York Times stock gains as adjusted profit rises by 41%
The New York Times Co.’s stock was up by 1.5% in premarket trading on Wednesday after the media company reported an 81% jump in profit as subscriptions climbed. The New York Times said its ...
05/8/2024 - 1:45 am | View Link - Duke Energy Beats First-Quarter Profit Estimates on Higher Rates
(Reuters) - Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from higher rates and robust demand for electricity. Income from Duke's electric ...
05/6/2024 - 11:54 pm | View Link - Maersk raises profit guidance on strong demand and Red Sea disruption
Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight rates as ships sail for longer to avoid conflict ...
05/2/2024 - 2:38 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more