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Whirlpool Profit Rises 72% on Overseas Sales
Feb 05, 12:56 PM EST |
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| Whirlpool jumped $7.60 or 9.3% to $89.15 after it reported better than expected fourth quarter earnings. |
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| Fourth-quarter profit growth beat analysts’ views thanks to improved overseas sales and decreasing costs. The washers and dryers maker added that net income in the latest quarter increased 72% from a year ago to $187 million, or $2.38 a share. Sales rose 7.5% to $5.33 billion. Whirlpool said 2008 profit may increase to $8.50 to $9 a share on reduced expenses and higher prices. Whirlpool warned that North American industry sales may decline 3% to 5% this fiscal year. |
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Emerging Markets Lift Toyota’s Profit 7.5%
Feb 05, 12:35 PM EST |
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| Quarterly profit rose 7.5% buoyed by strong sales in North America, Asia, Latin America and Africa. |
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| Despite the increase in quarterly profit the company issued a cautious outlook due to the US economy concerns and the stronger yen. Net income rose to 458 billion yen vs. 426 billion yen a year ago. Net revenue added 9.2% to 6.7 trillion yen on strong vehicle sales in Japan and in overseas markets, especially in North America and in Asia. |
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News Corp. Boosts 2008 Earnings Outlook
Feb 05, 9:42 AM EST |
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| Second quarter net profit was $832 million, up from $822 million a year ago. |
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| NEWS Corporation reported a first half net profit of $1.56 billion versus $1.67 billion a year ago thanks to growth in the media group''s cable network performance. Operating income in the first six months of the fiscal year increased to $2.465 billion from $1.995 billion a year ago. For the second quarter, operating income rose 24% to $1.4 billion after revenue climbed by 10%. Fiscal 2008 operating income is expected to grow in the mid-teens range. |
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National Telegraph and Telephone Profit Rises 6%
Feb 04, 2:16 PM EST |
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| Quarterly profit rose 6% from a year ago buoyed by strong performance of the data communication business. |
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| National Telegraph and Telephone added than net income for the latest quarter rose 6% to 125.7 billion yen from 118.6 billion yen a year ago. Operating revenue profit climbed 13% to 310.4 billion yen on a 0.9% increase in sales to 2.66 trillion yen. Subscribers in the fixed line phone business declined 8.5% to 40.6 million customers for the latest three months. |
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Honda Profit Up 38%, Sales Rises 10%
Feb 04, 6:15 PM EST |
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| Quarterly profit rose 38% leveraged by record sales of automobiles and motorcycles and financial services in North America, Europe and Asia. |
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| The Japanese automaker said that its net income rose to 200 billion yen compared to 144.8 billion yen a year earlier. Sales and operating revenue increased 10% to 3.044 trillion yen. Honda recorded a 14.8% decline in sales of Power products from a year ago to 1.178 million units. The company declared a third quarter dividend of 22 yen per share and added that dividend for the fiscal year is expected to be at 86 yen per share. |
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Yahoo! Japan Profit Rises 31.5%
Feb 04, 7:56 AM EST |
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| Quarterly profit rose 31.5% on the back of robust sales in Display advertising and firm growth of Prime Display after aggressive marketing in October. |
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| During the latest quarter the performance of Yahoo Japan Corp. showed considerable improvement with net income rising to 17.1 billion yen from 15.1 billion yen a year ago. Net sales in the quarter jumped 14.8% to 70 billion yen, while income from Display Advertising and Prime Display, including the Yahoo! Real Estate continued to grow. Yahoo! Shopping and Yahoo! Auctions increased the number of merchants registered with Yahoo! by 20.6% to 30, 223. |
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Jones Lang LaSalle Profit Jumps 30%
Feb 04, 7:31 AM EST |
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| Net profit jumps to $105 million or $3.16 per share from $80.4 million or $2.37 per share a year ago. |
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| The property agent added that its global net income climbed 46% to $175 million in 2007, while revenues increased 32% to $2.7 billion. Operating income from Europe, the Middle East and Africa doubled, despite the 12% decline in the company’s capital markets segment in the fourth quarter. Global investment rose by $59bn in 2007 to $759 billion. The management pointed to particular growth in the Russian and Middle Eastern businesses, while the Americas grew with the slowest pace. |
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Exxon, Chevron Earnings Rise With Crude Prices
Feb 01, 9:37 AM EST |
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| Exxon Mobil and Chevron both reported rising sales and earnings as crude prices increase helped margins. Angola has been the focus for both companies. |
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| Exxon Mobil reported fourth quarter profit rise of 14% to $11.66 billion and revenue increased 18% to $116 billion. For the year the largest oil company reported revenue increase of 7.2% to $404.55 billion and earnings gain of 3% to $40.6 billion. Yesterday, Royal Duch Shell reported earnings of $5.7 billion in the last quarter. Chevron reported fourth quarter profit of $4.9 billion, an increase of 29% from a year ago and earnings per share of $2.32 compared to $1.74 a year ago. |
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Sony Sees 25% Rise in Profit, but Cuts Outlook
Feb 01, 11:00 AM EST |
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| Quarterly profit rose 25%, bolstered by robust sales of TVs and computer games, but Sony expects str |
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| Net income rose to 200.2 billion yen in the third quarter vs. 159.9 billion yen a year ago. Sales and operating revenue added 9.6% to 2.86 trillion yen thanks to the strong sales of Bravia L.C.D. televisions. Sony posted a 31.2% jump in sales of PlayStation 3 in the quarter but cut its 2008 sales outlook by 14%, to 9.5 million units. Sony also slashed its operating income outlook for 2008, saying it expects to earn 410 billion yen compared with the October guidance of 450 billion yen. |
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Valero Profit Drops On Weaker Margins
Feb 01, 8:34 AM EST |
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| Net profit declined 48.9% to $567 million or $1.02 per share from $1.1 billion or $1.74 billion a year ago. |
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| The oil refiner said fourth quarter revenue rose 52% to $28.67 billion from $18.83 billion but earnings fell, as higher crude oil prices reduced margins. Net income dropped to $567 million from $1.1 billion previously. Refinery operating cost rose to $123 million, resulting from increased maintenance expense and energy costs. In 2008 margins could be negatively affected by lower prices on secondary products, Valero said, while diesel margins are expected to remain strong. |
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