November 9, 2014 6:33 am
The largest steel producer by shipments in the world – ArcelorMittal reported a second straight quarter of profit. The result is believed to be due to a considerably better performance of the companys steel business, which helped ArcelorMittal neutralize the negative influence of falling iron ore prices. Apart from reporting quarterly results, the company reaffirmed […]
Read moreNovember 8, 2014 7:06 am
Compagnie Financiere Richemont, the worlds biggest jewelry maker, reported a fall in first-half earnings due to stagnant Asian demand for luxury goods. The Geneva-based company, owner of the Cartier and Piaget brands, reported a better-than-expected 2% increase in revenue to €5.43 billion in the six months ended September 30th, surpassing analysts expectations of €5.39 billion. […]
Read moreNovember 7, 2014 11:11 am
Allianz SE, the worlds largest insurer, increased its dividend payouts as third-quarter results overtook analysts expectations despite outflows from its Pacific Investment Management Co. unit. The Munich-based company reported a 14.5% increase in revenue for the third quarter to €28.78 billion versus last years result of €25.15 billion. Operating profit rose 5.2% to €2.65 billion […]
Read moreNovember 7, 2014 10:43 am
Puma SE announced that its profit fell during the third quarter at a time of large investments in new products offerings on the market. Apart from revealing its Q3 results, the German sporting-goods manufacturer also increased its full-year sales projection. The companys Chief Executive Officer Bjoern Gulden said in a statement: “In a good third […]
Read moreNovember 7, 2014 9:55 am
Adidas AG reported on Thursday that its profit over the third quarter of the fiscal year surpassed analysts forecasts. The results come as a relief for the companys Chief Executive Officer Mr. Herbert Hainer, backing his efforts to turn the Germany-based sporting-goods maker around. Mr. Hainer said in a press call: “While certain factors have […]
Read moreNovember 7, 2014 8:31 am
AstraZeneca Plc reported quarterly results on Thursday and also projected that its 2014 earnings decline will be smaller than initially expected as one of its best-selling drugs, called Nexium, remains largely unaffected by generic competition. The Chief Executive Officer of the company – Mr. Pascal Soriot said in a statement: “This enhanced execution of our […]
Read moreNovember 7, 2014 7:14 am
DIRECTV, the biggest US satellite TV provider, reported quarterly profit above analysts expectations boosted by higher U.S. subscription payments. DIRECTV announced a revenue increase of 6.3% to $8.37 billion in the recent quarter, compared to last years result of $7.88 billion, barely beating the Bloomberg-compiled analysts projection of $8.3 billion. The company stated quarterly operating […]
Read moreNovember 6, 2014 3:26 pm
AOL reported better-than-expected quarterly revenue due to strong performance of its advertising real-time platform. The digital media stated a 12% increase in revenue to $626.8 million, compared to last years result of $561.3 million. This is the 7th consecutive quarter of growth for AOL. Its global advertising revenue grew 18% to $473.4 million versus $399.7 […]
Read moreNovember 6, 2014 1:21 pm
WM Morrison Supermarkets PLC narrowed its end-year outlook and said the company made progress in the quarter, despite another drop in sales. Britains fourth-biggest supermarket chain by market share said that like-for-like sales at stores open at least a year dropped 6.3%, including a 0.7% contribution from its online business, in the three months ended […]
Read moreNovember 6, 2014 12:23 pm
The biggest European engineering company – Siemens AG reported that its fourth-quarter profit rose by 28% and announced it will sell its hearing-aid business assets at the price of €2.2 billion ($2.7 billion). The Chief Executive Officer of Siemens – Mr. Joe Kaeser said in a statement: “We delivered the results we originally promised for […]
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