Samsung, the world’s largest technology company by revenue, posted a 48 percent increase in its profits from last year. The net profit mounted to 5.2 trillion won ($4.5 billion) for the quarter. Though, it was lower than the average expectation of 5.6 trillion won. The growing popularity of its Android-powered smartphones helped the Korean company to post such figures. The delay in the launch of Apple’s new iPhone also helped a bit. The robust...
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Chevron Corporation (NYSE:CVX), the second largest American oil company, posted a 7 percent dip in quarterly profit in its earnings release today, amid widespread weakening of oil prices on a year-over-year basis. During the second-quarter, its income fell to $7.2 billion. Nonetheless, the otherwise bearish situation was salvaged by remarkable refining margins (downstream). While Chevron Corporation (NYSE:CVX)’s earnings are not all that dependent on natural gas prices, they were affected by the sapless nature of the natural...
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