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LG Electronics Narrows Loss as Appliances Find Favor
2016-01-26 23:43:19| Electronics - Topix.net
LG Electronics Inc. narrowed its net loss in the December quarter, aided by brisk sales of its home appliances but China's slowing economy is casting a cloud on the company's prospects.
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Sprint narrows fiscal Q3 loss on cost cuts
2016-01-26 01:00:00| Total Telecom industry news
Strong postpaid, wholesale customer additions more than offset prepaid losses.
UTi Worldwide Loss Narrows in Fiscal 3Q
2015-12-12 03:38:20| Logistics - Topix.net
Logistics operator UTi Worldwide Inc. posted a slightly lower fiscal third-quarter loss of $32.7 million, or 34 cents per share, as ocean freight forwarding results weakened further at the company that has agreed to a $1.35 billion acquisition by DSV, a Danish supply chain and forwarding company. UTi, of Long Beach, California, lost $33.7 million, or 35 cents, in the period ended Oct. 31. Revenue declined 18% to $884.7 million.
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MannKind's loss narrows; pursues new drug candidates
2015-08-11 09:35:05| Biotech - Topix.net
Shares of MannKind rose on Monday after the drugmaker surpassed Wall Street's estimates for second quarter earnings and indicated several new drugs are in the company's development pipeline. Hakan S. Edstrom , president and CEO of the California-based drug company that has its manufacturing facility and pharmaceutical development operations in Danbury, said during a conference call with investors Monday that feasibility studies are being conducted on at least two new drug candidates including treatments for pain and pulmonary hypertension, a type of high blood pressure that affects arteries in the lungs and heart.
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Twitter narrows net loss as Q2 revenues lift to USD 502 mln
2015-07-29 07:46:00| Telecompaper Headlines
(Telecompaper) Twitter reported second-quarter revenues of USD 502 million, up 61 percent from the year-earlier figure and above its guidance of USD 470-485 million. Without forex effects, revenues would have increased 68 percent. Advertising revenues rose 63 percent from the year before to USD 452 million, with mobile advertising revenues making up 88 percent of the total. The net loss narrowed to USD 137 million or 21 cents a share from 145 million or 24 cents a share the year earlier. Adjusted EBITDA exceeded the company's target for Q2, coming in at USD 120 million from 54.1 million, representing an adjusted EBITDA margin of 24 percent. Twitter CEO Dick Costolo was pleased with the good progress in monetization but was not satisfied with audience growth. In order to realise its full potential, the CEO said the company had improve in three key areas: it needed to ensure more disciplined execution, simplify its service to deliver value faster, and better communicate that value.
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