Latest news with #financialLoss
Washington Post
4 days ago
- Business
- Washington Post
Hurco: Fiscal Q2 Earnings Snapshot
INDIANAPOLIS — INDIANAPOLIS — Hurco Cos. (HURC) on Friday reported a loss of $4.1 million in its fiscal second quarter. The Indianapolis-based company said it had a loss of 62 cents per share. The manufacturer of computerized machine tools for the metal cutting industry posted revenue of $40.9 million in the period.
Malay Mail
28-05-2025
- Business
- Malay Mail
Elderly man loses over RM1.47 million in online trading scam in Ipoh
IPOH, May 28 — An elderly man suffered losses of over RM1.47 million after he fell victim to an online trading scam, Perak police chief Datuk Noor Hisam Nordin said. The man, 75, who is a company director, lodged a police report in Ipoh on May 25 about the scam that began on April 15, when he received a phone call from an unidentified woman offering him to be a partner of a company trading with another company abroad, he said. The victim agreed to become a partner after he checked the company's status and found it was operating since 1989, and was then asked to download an app called SHV Shop. 'If a customer wished to purchase an item, the victim only had to pay the selected price and would get a commission of 30 per cent,' he said in a statement last night. The victim then paid a deposit of RM22,122 via a cash deposit machine to a Maybank account of a company. 'Thinking about his would-be profits, the victim deposited a total of RM1,470,734 from April 17 to May 16 into six different bank accounts through online transfers and bank counters,' he said, adding that the victim did not receive any returns and felt that he was scammed. The case is being investigated under Section 420 of the Penal Code. — Bernama
Bloomberg
22-05-2025
- Business
- Bloomberg
Norinchukin Posts $12.6 Billion Loss as Bank Eyes Path to Profit
Norinchukin Bank reported a ¥1.8 trillion ($12.6 billion) loss for the year ended in March after dumping billions worth of Treasuries and other foreign bonds. The agricultural lender said it expects profit of between ¥30 billion to ¥70 billion for the current fiscal year as it ditched unprofitable holdings and revamped its securities portfolio, sticking to a previous estimate.
Washington Post
16-05-2025
- Business
- Washington Post
SolarMax Technology: Q1 Earnings Snapshot
RIVERSIDE, Calif. — RIVERSIDE, Calif. — SolarMax Technology, Inc. (SMXT) on Friday reported a loss of $1.3 million in its first quarter. On a per-share basis, the Riverside, California-based company said it had a loss of 3 cents. The solar and renewable energy company posted revenue of $6.9 million in the period.
Wall Street Journal
13-05-2025
- Automotive
- Wall Street Journal
Nissan Motor Posts More Than $4.5 Billion Loss, to Cut 20,000 Jobs
Nissan Motor 7201 3.00%increase; green up pointing triangle reported a quarterly loss of more than $4.5 billion and said it will slash 20,000 jobs—more than doubling its previously announced plan—as part of cost-cutting efforts to turn around weak sales. The Japanese carmaker said Tuesday that it booked a net loss of 676.0 billion yen, equivalent to $4.55 billion, for the three months ended March, compared with a net profit of ¥101.3 billion in the year-earlier period. Nissan recorded restructuring expenses and wrote down the value of production assets in North America, Latin America, Europe and Japan. The company said it will cut 20,000 jobs over the four years through March 2028. Fourth-quarter revenue fell 0.7% from a year earlier to ¥3.490 trillion as sales dropped, dragged by declines in China, Japan and Europe. For the fiscal year that began in April, it projected a 0.1% decline in revenue to ¥12.500 trillion, expecting global sales to drop 2.9% to 3.25 million units. Nissan didn't provide profit forecasts, citing uncertainty over the business environment due to U.S. tariff policy. The U.S. started imposing a 25% tariff on finished foreign-made cars in early April. The Japanese automaker is in the midst of turnaround efforts to address falling sales. In November, Nissan unveiled a restructuring plan that included cutting 9,000 jobs and reducing its global production capacity by one-fifth. Like other carmakers, its business in China has been hurt by cutthroat price competition and consumers' shift away from conventional gas-powered vehicles. Chief Executive Ivan Espinosa said in March that the company was reinforcing its lineup in the U.S. and had high hopes for a new electric sedan in China, jointly developed with partner Dongfeng Motor. Espinosa replaced Makoto Uchida as the company's chief in April, just weeks after Nissan scrapped a proposed merger with rival Honda Motor. The stock has lost about one-quarter of its value this year due to slumping sales and concerns about U.S. tariffs. Write to Kosaku Narioka at
