Coronavirus: Google’s Alphabet reports steady profit, warns of tough quarter ahead

Alphabet Inc on Tuesday beat analysts’ estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus. Shares of Alphabet rose 4 per cent to $1,282 following the after-hours release of financial results. Alphabet shares were down about 8 per cent this year at Tuesday’s close. […]

Samsung Electronics profit slips on virus, more falls forecast

Seol: The world’s biggest smartphone maker, Samsung Electronics, reported first-quarter net profits down three percent on Wednesday, as the coronavirus pandemic dampened consumer demand, but warned of further falls to come. Net profits in the January-to-March period were 4.88 trillion won ($4 billion), down 3.1 percent from a year earlier, the company said in a […]