CEO Christian Sewing said the bank was continuing to make progress
on a long-term restructuring aimed at improving profits by shedding less
profitable or riskier lines of business
Deutsche
Bank reported a third-quarter profit of $214million, its third straight
quarterly profit this year, as it saw fewer losses from selling off unwanted
assets and revenues rose at its investment bank.
CEO Christian
Sewing said the bank was continuing to make progress on a long-term
restructuring aimed at improving profits by shedding less profitable or riskier
lines of business and cutting employee numbers.
Meanwhile, Microsoft
said sales rose 12 per cent to $37.2 billion, generating a net profit of $13.9
billion in the first quarter of its fiscal year.
Analysts had anticipated
the company to report $1.54 in earnings per share, generated from $35.72
billion in revenue.
In the aftermath
of the beat, shares of the company are effectively flat, gaining only a
fraction of a point in after-hours trading.
Microsoft was up
by nearly 2 per cent in afternoon trading, despite somewhat uneven markets.
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