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Tag: q1
Republic Services posts $132 million for Q1
2014-04-29 18:10:00| Solid Waste & Recycling magazine Headlines
Republic Services Inc. has reported net income of $132.5 million, or 0.37 cents per diluted share for the three months ended March 31, 2014, compared to $124.6 million, or 0.34 cents per diluted share for the first...
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Sprint raises EBITDA outlook, loses customers in Q1
2014-04-29 13:30:00| Telecompaper Headlines
(Telecompaper) Sprint raised its forecast for adjusted EBITDA this year after reporting a strong first quarter. The US mobile operator now expects a result of USD 6.7-6.9 billion in 2014, versus an earlier outlook of USD 6.5-6.7 billion. In Q1, adjusted EBITDA rose 22 percent year-on-year to USD 1.84 billion, while the net loss narrowed significantly to USD 177 million. The improvement was due to lower handset subsidies, as the company moved to installment payments, as well as lower customer care and service costs. Revenues increased marginally, to USD 8.88 billion from USD 8.79 billion a year ago, due to weaker wireline revenues and the shutdown of the Nextel network. In the first three months of the year, Sprint lost a net 467,000 customers, including 333,000 postpaid and 415,000 prepaid. It blamed the losses on service disruptions due to its ongoing network upgrade as well as changes to the Lifeline programme. Only the wholesale base grew, by 281,000 customers. In total, the operator had 55.887 million customers at the end of March, down from 55.211 million a year ago. Retail ARPU fell both in prepaid and postpaid compared to the fourth quarter, to USD 62.98 per postpaid customer and USD 27.07 in prepaid.
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Sliding Phone Sales Keep Nokia In Q1 Loss
2014-04-29 10:02:59| Wireless - Topix.net
Nokia Corp. says it continued to be hit by fierce competition in the first-quarter with a 30 percent fall in sales of mobile devices, the troubled unit it sold to Microsoft last week.
Sliding Phone Sales Keep Nokia In Q1 Loss
2014-04-29 09:43:56| Telecom - Topix.net
Nokia Corp. says it continued to be hit by fierce competition in the first-quarter with a 30 percent fall in sales of mobile devices, the troubled unit it sold to Microsoft last week.
LG grows smartphone shipments 19% in Q1
2014-04-29 09:06:00| Telecompaper Headlines
(Telecompaper) LG Electronics announced a sharp improvement in first-quarter net profit, to KRW 93 billion from KRW 22 billion a year earlier. Operating profit rose to KRW 999 billion from KRW 806 billion, and the Korean company's sales were up 1.2 percent year-on-year to KRW 14.3 trillion. The improved profits came from its consumer electronics division, thanks to strong demand for larger TVs, as well as the joint venture LG Display and continued cost reductions. The mobile division was still in the red, but showed a third consecutive quarter of improvement in the operating margin, to minus 0.3 percent. Mobile revenues were up 6 percent from a year earlier to KRW 3.4 trillion. Smartphone shipments increased 19 percent from a year ago and 7 percent from Q4 2013 to 12.3 million. The growth was driven by LTE handset sales, which rose 76 percent year-on-year, as well as demand for the high-end G2 and Nexus 5 phones. Sales in its home market were lower due to the regulatory ban on operator sales. Average selling prices were also under pressure from competition, LG said. The company expects the price competition in the mass market segment especially to continue. However, its own growth should continue thanks to new models in the mid-range and high-end segments, such as the G3 and L Series III in Q2, as well as further improvement in costs.
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