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Decrease of 29% in profits «Alfabet» .. and «Samsung» falls 60%

The quarterly results of several global giants have varied, and profits from US technology giant AlphaBet, the parent company of Google, fell 29 percent to $ 6.7 billion in the first quarter from 17 percent to $ 36, 3 billion The end of March, which totaled $ 1.7 billion, affected the company's profits, and shares fell 8 percent during yesterday's trading session to $ 1180.40, where it lost about $ 80 billion of its market after the announcement of results, now at the level of 822.11 billion dollars.

Samsung Electronics also reported that its first-quarter operating profit fell 60% from the same period last year due to lower chip prices and weak demand for displays. The company said its operating profit dropped to $ 5.2 billion and posted a quarterly net profit of $ 4.3 billion, its lowest level since the third quarter of 2016.

BP's profit fell 30 percent due to lower oil and gas prices and a weaker refining margin, with net income of $ 2.4 billion. Airbus' net profit fell 86% from a year ago to 40 million euros from 283 million euros in the same period last year. On the other hand, MasterCard's first-quarter earnings grew more than analysts had expected, with revenue growth above estimates, with net earnings of $ 1.86 billion ($ 1.80 per share).

GE's profits more than tripled in the first quarter, boosted by increased sales from its aviation, oil, gas and healthcare units. The company's shares rose more than 6%. General Motors reported a profit of $ 2.16 billion ($ 1.48 per share), up from $ 1.05 billion (72 cents a share) in the same quarter of 2018.


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