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Mazda’s Profit Rises 6.9% on Sales Growth
Feb 07, 10:20 AM EST |
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| Nine months profit rose 6.9% as sales increased 9.5% to 2.5 trillion yen from 2.2 trillion yen a year ago. |
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| Japan''s fifth-largest automaker said that despite the retail volumes decline of 3.6% to 175,000 units in Japan caused by falling demand, volumes in North America rose 8.6% as sales of CX-9 and Mazda 3 increased. Net income rose to 45 billion yen from 42 billion yen a year ago. Mazda maintained its full-year profit forecast of a 15% jump to 85 billion yen. |
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Cisco Falls 7% on Cautious Outlook
Feb 06, 10:13 AM EST |
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| Cisco stock fell in the after-hours trading after the company said that its January sales were below projection. |
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| Cisco second quarter earnings rose 7.2% to $2.1 billion or 33 cents per share from $1.9 billion or 31 cents per share. Revenue increased 16.5% to $9.8 billion on higher spending on switches and routers. Cisco fell 7% in the after-hours trading after its chief executive John chambers said that January sales were below expectations and select customers are holding back spending for internet infrastructure. |
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Man Group Profit Climbs 33%
Feb 06, 2:39 PM EST |
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| Sales in Russia rose more than 300% in 2007 and have risen over 100% in Poland over the past half decade. |
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| The German truck maker said fourth quarter revenue climbed 35% to 5.23 billion euro on solid demand across all major business lines, particularly in Poland, where the company has started a plant that is expected to manufacture up to 15, 000 vehicles annually. For 2008, MAN Group expects sales increase of more than 5% and return on sales of over 11%. |
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BHP First Half Profit Declines on Higher Costs
Feb 06, 2:47 PM EST |
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| BHP reported first half profit declined 2.8% to $6.0 billion but earnings per share increased 2.8% to $1.06 on fewer shares. |
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| BHP Billiton petroleum unit earnings climbed 22.3% to US$1.97 million for the first half ended Dec. 31, 2007 thanks to stronger production and higher prices for oil and gas outputs. Total production for the 6 months was 60.5 million BOE, up 5% from a year ago. Petroleum outputs enjoyed higher average realised prices in the quarter, with the biggest gain in the price of oil outputs at an average US$81.20 per barrel, up from US$63.77 a year ago. |
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Time Warner’s Outlook Disappoints
Feb 06, 1:31 PM EST |
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| Time Warner forecasts 7% - 9% EBITDA growth for 2008, compared with the 17% increase in 2007. |
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| The second-largest U.S. cable operator saw a better-than-expected 23% gain in quarterly profit, but disappointed investors warning that 2008 earnings are expected to miss estimates. For the year, the company forecast earnings per share of $1.25 to $1.30 from continuing operations, while revenue growth is seen at 9% for the year from $16 billion in 2007. |
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Mitsubishi Heavy Nine-Month Profit Up 41%
Feb 06, 1:13 PM EST |
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| The quarterly profit increase was led by strong sales in the Mass and Medium-Lot Manufactured Machinery, especially in Europe and Asia. |
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| Net income increased to 54.2 billion yen ($508 million) in the nine months ended Dec. 31 from 38.5 billion yen a year ago. Sales climbed 4% from a year earlier to 2.13 trillion yen led by 30% sales growth in Asia and 26% in North America. The company lifted its full-year net income forecast to 60 billion yen from 54 billion yen and the operating profit estimate to 130 billion yen from 115 billion yen. |
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TCS Revenue Jumps 8.4%
Jan 30, 10:47 AM EST |
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| Earnings per share increased from 7.67 rupees during the third quarter a year ago to 11.3 rupees in the latest quarter. |
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| Third quarter income rose 11.4% to 11.047 core rupees, from 7.502 crore rupees a year ago. After tax profit during the quarter rose 9.6% to 1,019 crore rupees. The provider of mission-critical wireless communications added that it has received orders for $12 million in messaging software and related systems for delivery to leading carriers in the first half of fiscal 2008 versus an average of about $4 million a year ago. |
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Reliance Communications Profit Jumps 49%
Jan 25, 9:57 AM EST |
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| Net income climbed 49% to 13.7 billion rupees ($348 million) in the latest quarter from 9.24 billion rupees a year ago. |
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| India''s second-largest wireless provider said that sales rose 27% to 47.8 billion rupees. The company added 4.64 million customers in the quarter to a total of 41 million. Reliance''s market share has shrunk to 17.6% from 21% a year earlier after the company had to disconnect unverified users, according to government regulations. |
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Reliance Industries Profit Meets Expectations
Jan 15, 9:15 AM EST |
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| Third-quarter net profit was 38.82 billion rupees thanks to growth in the company’s refining margins. |
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| India''s largest private sector company posted net sales of 345.90 billion rupees for the latest three months. The results are not comparable with those of a year ago as they include the effect of a merger with Indian Petrochemicals. For the third quarter, the company''s gross refining margins increased to 15.4 usd a barrel from 11.7 usd a barrel reported last year. |
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Wendy's Profit Disappoints Despite Reduced Costs
Feb 04, 8:48 AM EST |
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| Net profit was $14.1 million, or 16 cents per share, compared with $3 million, or 3 cents per share, a year ago. |
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| Excluding the restructuring and other charges, Wendy’s earned $18.4 million, or 21 cents a share. In the fourth quarter, total quarterly sales declined to $596 million. U.S. same-store sales added 0.2%, while at the company-owned outlets same-store sales dropped 0.8% from a year earlier. Wendy’s saved $20 million in costs as a result of its efforts to tighten its expenses. |
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