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Lubrizol Gains, Brush and Cott Decline Feb 08, 2:57 PM EST |
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| Beckman Coulter, bio medical testing equipment maker, posted earnings of 69 cents per share, down 29% on 11% rise in sales in the fourth quarter. |
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| Lubrizol’s fourth-quarter earnings surged from a year ago thanks to stronger sales volumes and selling prices that helped lift margins. Cott Corp. posted another big fourth-quarter loss, declines in North America sales dragged the bottom line down. Chindex International reported third-quarter net income of $3.89 million or 42 cents per share, vs. $679 thousand, or 9 cents per share, for the year-ago quarter. |
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Emerging Markets Sales Lift Isuzu’s Profit Feb 08, 1:54 PM EST |
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| Quarterly profit advanced 21.9% as sales on the domestic market and exports increased by 24.2% to 256 billion yen. |
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| Japan''s largest truck maker Isuzu said that third quarter sales revenue increased 28.5% to 430 billion yen as export shipments grew to 6,000 units from 5,000 units a year ago and Middle East and Africa climbed to 15,000 units from 11,000 units last year. Net income increased 2.5% from a year ago to 244 billion yen in the quarter ended December 31st. |
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Tata Motors January Vehicle Sales Decline Jan 30, 11:04 AM EST |
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| Vehicle sales for the month of January 2007 declined to 54,796 units from 55,440 reported a year earlier. |
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| India''s top bus and truck maker said that sales of commercial vehicles increased 5.6% from a year ago to 30,530 units. Exports climbed 10.8% to 4,147 units. Indica sales dropped 14.6% to 12,360 units, while the Indigo family posted sales of 2,901 units, down 9.5% from a year ago. Cumulative sales of passenger vehicles in the domestic market slid 4.8%, while total sales including exports declined 1.16% from a year ago. |
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Bajaj Auto Net Falls 3% Despite Higher Revenue Jan 30, 9:54 AM EST |
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| Quarterly net profit fell to Rs 326.81 crore vs. Rs 336.42 crore last year, while revenue rose 6% from a year ago to Rs 2,501.70 crore. |
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| India''s second- biggest motorcycle maker attributed the 5.2% drop in net income to the higher interest rates that slowed demand. Bajaj Auto added that quarterly vehicle sales declined to 713,135 units from 738,219 a year earlier, while sales of motorcycles fell 2.8% to 634,316 units and of three-wheeled vehicles declined 13% to 74,419 units. |
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Unilever’s Revenue Rises but Profit Declines Feb 08, 8:58 AM EST |
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| Net profit declined to 721 million euros ($1.06 billion) in the latest quarter from 2.03 billion euros reported a year ago. |
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| The world''s second largest maker of consumer products said that sales for the quarter increased 1.7% from a year ago to 9.89 billion euros ($14.6 billion). The management said they continued to see growth in the US, despite recession concerns. Unilever forecast company-wide sales growth at the upper end of a 3% - 5% range in 2008. |
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Smith & Nephew’s Net Profit Falls on Costs Feb 08, 8:47 AM EST |
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| Quarterly net income fell 26% from a year ago to $222 million and revenue rose 25% to $967 million after Smith & Nephew acquired Plus Orthopedics. |
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| Full-year sales rose 10% from a year ago to $3.4 billion, while trading profit climbed 17% to $706 million. The trading margin in the latest quarter declined as a result of the acquisition costs during the year, amounting to 70 basis points below the year-earlier numbers. Reported trading profit for the year was up 24% to $706 million with a 21% trading margin, 50 basis points higher than 2006 on the benefits of restructuring. |
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NYSE Euronext Profit Rockets 246% after Takeover Feb 05, 1:57 PM EST |
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| Net profit in the fourth quarter increased to $156 million or 59 cents per share from $45 million or 29 cents per share a year ago. |
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| The stock market operator NYSE Euronext net profit tripled after the NYSE’s takeover on the pan-European market Euronext. Net profit for the fiscal year was 643 million euros ($952.5 million), an increase of 214% from a year ago. The profit growth was attributed to the tightened expenses controls and record trading in both the derivative and cash markets. |
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Moody's Earnings Decline 54% Feb 07, 1:21 PM EST |
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| Revenue for the quarter was $504.9 million, a decrease of 14% from $590 million for the same quarter a year ago. |
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| The world''s second-largest credit rating company added that the decline is expected to continue in 2008. Fourth-quarter net income dropped to $127.3 million, or 49 cents a share, from $278.6 million, or 97 cents, a year ago. Net income included expenses of $47.8 million, or 11 cents per share, for restructuring including the 275 job cuts in an effort to solve the weaker demand. Excluding charges, operating profit dropped 14% to $259.9 million, or 60 cents a share. |
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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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