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Tag: weakness
MTS cuts sales growth outlook on Ukraine weakness
2014-08-20 14:56:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator MTS reported second-quarter revenues up 1.4 percent year-on-year to RUB 98.9 billion, as strength in its home market offset the difficult market conditions in Ukraine. OIBDA fell 2.6 percent to RUB 43.2 billion, after a one-time gain last year for the settlement with Vimpelcom over control of the Kyrgyzstan mobile operator Bitel. Without the one-time gain, OIBDA declined by 0.6 percent, due to the difficulties in Ukraine and costs for mobile and fixed network expansion in Russia. Net profit totaled RUB 21.1 billion, down 27.4 percent from a year earlier when it booked a one-time accounting gain. Excluding the Bitel settlement, operating free cash flow increased 12.0 percent to RUB 46.0 billion. The macroeconomic weakness and uncertain political environment in Ukraine led the company to lower its revenue growth outlook for 2014 to 1 percent. Russia is still expected to grow at the high end of its initial guidance of 3-5 percent, after a revenue increase of 4.5 percent in Q2. Group OIBDA is forecast stable year-over-year, and MTS maintained its capex budget at RUB 90 billion over the full year.
Tags: sales
growth
ukraine
outlook
Telekom Austria hit by Eastern Europe weakness, but upbeat on America Movil
2014-08-13 02:00:00| Total Telecom industry news
Austrian incumbent's first-half results dragged down by impairment charge in Bulgaria, unbilled revenues at home.
Tags: hit
america
europe
austria
US: Ann Inc cuts sales outlook on Loft weakness
2014-08-07 16:54:00| Daily apparel & textile news and comment - from just-style.com
US women's apparel group Ann Inc has lowered its sales guidance for the second quarter, blaming weakness at its Loft brand.
Samsung's Other Weakness: Logic Chips
2014-08-05 17:34:19| Semiconductors - Topix.net
Yes, Samsung has been losing market share in smartphones in the global market and even in China, where Xiaomi overtook the company in terms of shipments in the second quarter to much surprise.
Tags: logic
chips
weakness
samsungs
Norfolk Southern: Post Earnings Weakness Is A Buying Opportunity
2014-08-05 08:59:00| Railroads - Topix.net
Railroader Norfolk Southern has done decently this year, appreciating almost 11% so far.
Tags: post
opportunity
buying
southern
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