November 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 […]
Read moreNovember 6, 2014 10:56 am
Commerzbank AG reported tripled net profit for the third quarter, beating analysts expectations, due to strong performance by its private customers and corporate units. Commerzbank, Germanys second-largest lender, stated a net profit of €225 million for the three months ended September 30, tripling last years profit of €75 million. Analysts polled by Bloomberg projected €185.5 […]
Read moreNovember 6, 2014 9:27 am
Qualcomm Inc., the biggest smartphone chips manufacturer in the world, reported downbeat quarterly results and posted a warning that its 2015 profit and revenue will be hit by the fallout from a probe by the Chinese government. The company also shared that it is facing a couple of new investigations led by the regulatory authorities […]
Read moreNovember 6, 2014 8:21 am
The largest PC manufacturer by shipments in the world – Lenovo Group Ltd – said that its profit during the second financial quarter surpassed analysts forecasts as it gained a larger share in the desktop computer and smartphone markets. However, the Chinese company posted its slowest sales growth in six quarters, overtaken in the global […]
Read moreNovember 5, 2014 4:14 pm
Actavis PLC reported better-than-expected third-quarter results due to strong performance of its branded drug business and recent acquisitions. Actavis has been involved in a few deals over the past several quarters as pharmaceutical companies seek increased size and large-scale benefits, such as better tax structure. Last year Actavis purchased Warner Chilcott, a specialty-pharmaceutical company based […]
Read moreNovember 5, 2014 3:07 pm
Time Warner Inc. said that it managed to surpass analysts profit forecasts in the third quarter at a time when the company is claiming that it is better off as an independent entity and does not need a merger in order to consolidate its positions. The Chief Executive Officer of Time Warner – Mr. Jeff […]
Read moreNovember 5, 2014 2:34 pm
Marks and Spencer Group PLC reported a revenue increase for the first half of the year as strong performance in its food business offset a revenue decline in clothing. M&S reported a 0.5% year-to-year rise in group revenue from £4.8 billion to £4.9 billion for the first half of this year, including a 1% increase […]
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