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Sony profit down sharply in Q1, trims FY sales outlook again
2016-07-29 08:29:00| Telecompaper Headlines
(Telecompaper) Sony reported lower results for its fiscal first quarter to June, hurt by a sharp slowdown in smartphone sales and disruption to its components business from an earthquake in Japan. Sales fell 10.8 percent from a year earlier to JPY 1.613 trillion and were down 3 percent after excluding currency effects. Operating profit fell to JPY 56.2 billion from JPY 96.9 billion a year ago, and net profit plunged to JPY 21.2 billion from JPY 82.4 billion. Operating profit included JPY 20.3 billion in impairment charges for certain camera modules at the Semiconductors segment, as well as net charges of JPY 13.6 billion for expenses incurred after the Kumamoto earthquake.
Tags: sales
sony
profit
outlook
CME: Lean Hog Future Break Sharply Lower
2016-07-29 02:00:00| ThePigSite - Industry News
US - Lean hog futures broke sharply lower yesterday as market participants reacted forcefully to some truly shocking developments in both pork and hog cash markets, write Steve Meyer and Len Steiner.
Verizon profit falls sharply after strike, mobile slowdown
2016-07-26 14:40:00| Telecompaper Headlines
(Telecompaper) Verizon reported a drop in second-quarter sales and profits, hurt by a seven-week strike during the period and the slowdown in growth at its mobile activities. Operating revenues of USD 30.5 billion were down 5.3 percent from a year earlier, or 3.5 percent lower after adjusting for the acquisition of AOL and sale of some local landline businesses. Operating profit tumbled 41.8 percent to USD 4.6 billion, after a sharp rise in SG&A costs. Net profit was down 80.9 percent to USD 831 million, after a gain from selling the landline activities, pension charge adjustments and costs for retiring around USD 10 billion in debt during the period. On an adjusted basis, earnings fell to USD 0.94 per share from USD 1.04, with an estimated impact of 7 cents a share from the strike.
Tags: mobile
falls
profit
strike
Brazil’s Soy Production Expected to Increase Sharply
2016-07-25 02:00:00| ThePigSite - Industry News
BRAZIL - Brazil features over 75 million hectares of underused pasturelands which could be turned into productive cropland, according to Rabobank.
Tags: increase
production
expected
soy
Grain prices fall sharply after USDA releases Grain Supply and Demand report
2016-07-18 20:07:00| Corn & Soybean Digest
The USDA Grain Supply and Demand Report predicts good yields for the 2016 harvest in both the corn and soybean fields. This news sent prices falling and is expected to have a significant financial impact on Midwest farmers. read more
Tags: report
prices
fall
supply
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