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Nokia maintains small opg profit as Lumia sales up 27% in Q1

2013-04-18 12:01:00| Telecompaper Headlines

(Telecompaper) Nokia reported a continued decline in results in the first quarter, but managed to maintain a small operating profit and improve sales of its flagship Lumia smartphones. Revenues fell 20 percent from a year earlier to EUR 5.85 billion, while the adjusted operating result was a profit of EUR 181 million versus a loss of EUR 258 million a year ago. The net loss narrowed to EUR 0.07 per share from EUR 0.25. The main Devices & Services division posted an adjusted operating profit of EUR 4 million, on sales down 32 percent to EUR 2.89 billion. While total smartphone sales were down 49 percent annually and 8 percent from Q4 to 6.1 million units, Nokia managed to improve Lumia sales 27 percent sequentially to 5.6 million. Feature phone sales were down 21 percent year-on-year and 30 percent from Q4 to 55.8 million units, with Nokia blaming stronger-than-usual seasonality and tough competition. Nokia said the difficult market conditions are expected to continue in Q2, when Devices & Services is expected to post a negative adjusted operating margin of around 2 percent, plus or minus four percent points. However sequential growth in Lumia shipments is expected to be higher in Q2 than the 27 percent in the past quarter.

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Ebay revenues grow 14 percent in Q1

2013-04-18 08:47:00| Telecompaper Headlines

(Telecompaper) Ebay reported revenues up 14 percent to USD 3.75 billion and an enabled commerce volume up 19 percent to USD 48.8 billion in the first quarter, compared with the first quarter of 2012. Net profit rose 19 percent to USD 677 million. The company's PayPal operations saw revenues grow 18 percent to USD 1.5 billion in the quarter, with net total payment volumes up 21 percent to USD 41 billion, driven by merchant and consumer use both on and off eBay. The Marketplaces business increased revenue 13 percent to USD 2 billion as it gained 3.9 million active users in the quarter, reaching 116 million at the end of March.

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FRANCE: Groupe Danone waters sales stay strong in Q1

2013-04-16 16:36:48| Daily beverage news and comment - from just-drinks.com

Groupe Danone has reported a "solid" rise in Q1 sales in its bottled waters division with emerging markets continuing to boost the unit's performance.

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just The Preview - PepsiCo Q1

2013-04-15 16:53:00| Daily beverage news and comment - from just-drinks.com

PepsiCo will report its first quarter results on Thursday (18 April). Here, just-drinks takes a look at the group's highs and lows in the three months to the end of March.

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Johnson & Johnson Shares Appear Stretched Ahead Of Q1 Earnings

2013-04-13 13:48:25| Biotech - Topix.net

Johnson & Johnson is slated to report Q1 2012 earnings before the bell on Tuesday, April 16.

Tags: johnson ahead shares earnings

 

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