Facebook posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits.
Shares of the world's largest Internet social network fell 2 per cent in after-market tradi
Yahoo has posted a net income of to $21.2 million, or 2 cents per share, for the quarter ended March 31, from $311.6 million, or 29 cents per share, a year earlier.
On an adjusted basis, earnings were 15 cents per share.
International Business Machines Corp reported a loss in the 12th straight quarter as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives.
International Business Machines Corp re
Honeywell International, a major manufacturer of aircraft electronics and climate control systems, has reported a five per cent fall in quarterly revenue, hurt by the sale of its friction materials business and a strong dollar.
Gulf Hotels Group has reported a slight decline in revenues for the first quarter this year, when compared with the same quarter last year.
Total gross operating revenue was down by BD176,721 ($465,484) or 1.97 per cent to BD8.795
Abu Dhabi's General Holding Corporation (Senaat) has reported robust financial performance for 2014 with the group's revenue increasing by 16 per cent to Dh13.4 billion ($3.64 billion) compared to Dh11.6 billion ($3.15 billion) the previ
Oman Air, the flag carrier of the Sultanate, said its total revenue rose four per cent to RO398.3 million ($1.03 billion) in 2014 when compared to the previous year.
This was broadly in line with the global industry average. This
Qatar's Ooredoo forecasts its revenue will fall by as much as three per cent in 2015 and core earnings will drop by a similar margin, a presentation by the telecommunications operator on its website shows.
Ooredoo, which has e
DP World, a leading port operator, has posted 11.3 per cent rise in revenues last year to reach $3.4 billion, according to a statement from the company.
The firm made a profit attributable to shareholders of $675 million compared
Iran has yet to receive $7.8 billion for crude oil sales made in recent months, government spokesman Mohammad Baqer Nobakht was quoted as saying, as Western sanctions keep Tehran shut out of the global banking system.