The second-largest Swiss bank, Credit Suisse, reported a surprisingly profitable third quarter. With a profit of 1.025 billion Swiss francs ($1.07 billion), the year-over-year figure has more than doubled. During the third quarter of 2013, the bank recorded a profit of 454 million francs. While the results signal an ascending trend, Credit Suisse CEO maintains a cautious attitude regarding the … [Read more...]
Google Revenues Grew 20 Percent, Ad Business Growth Flattens
Google’s most profitable business grew slower than expected in the third quarter. Don’t worry, Google’s businesses are highly lucrative, but they are not as ultraprofitable as they were last year. Ad revenues for the third quarter increased by 17 percent compared to last year. But the previous quarter brought a 25 percent increase. The slower growth worries analysts that Google’s core business … [Read more...]
Samsung Third-Quarter Earnings Slump
Samsung expects the third quarter to be its least profitable one in the last three years. The news is not a complete shock, but even so, it is still lower than expected. The company’s operating profit dropped by 60 percent. On Tuesday, Samsung announced an estimated 4.1 trillion won ($3.8 billion) profit for the July-September period. Analysts were expecting Samsung to make at least 5.6 trillion … [Read more...]