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Tag: costs
Acquisition Costs Cut Into Forward Air Income
2015-04-23 21:15:45| Trucking - Topix.net
Freight transportation provider Forward Air Corp.'s first quarter profit fell more than 50% from a year earlier on 20% higher revenue, thanks partly to costs related to buying Towne Air . Net income was $4.8 million compared to $10.2 million in the first quarter of 2014, or 16 cents per diluted share compared to 33 cents for the Tennessee-based operation.
AT&T Q1 profits fall on acquisition costs, flat revenues
2015-04-23 07:38:00| Telecompaper Headlines
(Telecompaper) AT&T reported nearly flat revenues for the first quarter, due to tough competition in the mobile market and the sale of some of its wireline activities. Revenues were up just 0.3 percent year-on-year to USD 32.6 billion. If the divested Connecticut wireline properties are excluded, revenues rose 1.2 percent. Operating profit fell to USD 5.5 billion from USD 6.3 billion a year ago, hurt by a rise in costs for reducing staff and merger and integration expenses. Net profit dropped to USD 3.2 billion or USD 0.61 per diluted share, compared to USD 3.7 billion or USD 0.70 per share in the year-ago quarter. This includes 3 cents a share for voluntary employee separations, 4 cents for merger and integration expenses and a 5-cent gain from a tax item. After capital expenditures of USD 4.0 billion, free cash flow totaled USD 2.8 billion. AT&T said it was on track to meet its full-year guidance and close the acquisition of DirecTV in the second quarter. The company also increased the expected cost synergies from the acquisition to USD 2.5 billion per year, compared to an estimate of USD 1.6 billion when the deal was announced last year.
Petrobras corruption costs hit $2bn
2015-04-23 01:37:43| BBC News | Business | UK Edition
Petrobras takes a $2bn charge related to corruption costs, contributing to a $7bn loss for the Brazilian oil firm for last year.
Tags: hit
costs
corruption
petrobras
Costs for Germanys Nuclear Exit Might Increase to 70 Billion Euros
2015-04-22 19:18:00| Transmission & Distribution World
Energy Market Price The bill for closing Germany's nuclear power plants and constructing a secure disposal location for nuclear waste might increase to 70 billion euros. Content Classification: Curated read more
Tags: increase
costs
euros
exit
DOES MINIMIZING PRODUCTION COSTS ALWAYS MAKE SENSE?
2015-04-21 21:53:38| Cattle Today
Beef production costs center largely around the three F's – Feed, Fertilizer and Fuel. The costs of all three of these commodities are generally volatile and it's doubtful this will ever change.
Tags: make
costs
production
sense
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