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Ironwood stock down on net loss for Q1
2013-04-24 06:11:43| Biotech - Topix.net
After Ironwood Pharmaceuticals Inc. hit an all-time high stock price last month following the launch of its first drug, the Cambridge, Mass.
KPN scraps dividend on weak Q1
2013-04-23 09:26:00| Telecompaper Headlines
(Telecompaper) KPN reported first-quarter revenues down 8.8 percent to EUR 2.91 billion, affected by the sale of Getronics International (-3.9), declining revenues at its units NetCo, Business, Germany and Consumer Mobile, and regulatory effects (-1.7%). Underlying revenues were 4.3 percent lower. Almost all KPN units witnessed sales declines this quarter, with the exception of Consumer Residential (+9.4%) and Mobile Wholesale (+2.4%). The results are in line with market expectations. KPN maintained its outlook but will scrap its 2013 and 2014 dividends, both at EUR 0.03 per share. Dividend pay-outs are expected to resume in 2015. The company is now guiding for 2013 capex below EUR 2.3 billion and total capex for 2013-2015 below EUR 7 billion, including Reggefiber. The Netherlands activities are expected to stabilise towards 2014 while the next phase in the German strategy is expected to lead to service revenue growth combined with a lower EBITDA margin, especially in 2013. EBITDA reached EUR 994 million (-12%, underlying -8.7%) in the first quarter, and the net profit fell 54 percent to EUR 140 million. Capex amounted to EUR 535 million, with the free cash flow at EUR 85 million euros. The ratio of net debt to EBITDA is currently at 2.8 and is targeted to drop to 2.0-2.5 by the end of the year on the back of the bond issue. KPN eliminated 1,100 jobs during the quarter, bringing the total number of jobs scrapped to 3,000 out of a targeted 4,000-5,000 jobs by year-end.
Netflix adds 3 mln new subscribers in Q1
2013-04-23 09:14:00| Telecompaper Headlines
(Telecompaper) Netflix passed USD 1 billion in quarterly sales for the first time in the first quarter. The VoD service recorded sales of USD 1.02 billion, versus 870 million a year earlier, and moved to an operating profit of USD 32 million versus a loss of USD 2 million. Net profit came in at USD 3 million, below its forecast for a flat result versus Q4's USD 8 million, due to one-time costs for paying off debt. Free cash flow was better than expected, at a negative USD 42 million versus USD 51 million last quarter. Netflix earlier said it expected cash burn to increase sequentially due to costs for creating original programming. Subscribers numbers were in line with the company's outlook, with the US base up by 2.03 million in the three months to 29.12 million and international customers up by 1.02 million to a total 7.14 million. The international activities generated a loss of USD 77 million, and this is expected to continue in Q2 due to content spending. Netflix said it plans to launch an additional European market during the second half of 2013.
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EE LTE subscribers reach 318,000 at end of Q1
2013-04-23 02:00:00| Total Telecom industry news
U.K. operator says 4G LTE customer base on track to reach 1m by end of 2013; overall postpaid net additions fail to offset decline in prepay users.
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just the Preview - Heineken Q1
2013-04-22 17:35:00| Daily beverage news and comment - from just-drinks.com
Heineken will release a first-quarter trading update on Wednesday (24 April). Here, just-drinks takes a look at the Dutch brewer's highs and lows in the three months to the end of March.
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