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Dean Foods Co to Issue $0.07 Quarterly Dividend

2015-08-13 19:08:33| Food - Topix.net

Dean Foods declared a quarterly dividend on Wednesday, August 12th, AnalystRatings.NET reports. Stockholders of record on Monday, August 24th will be given a dividend of 0.07 per share on Thursday, September 3rd.

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J&J's Quarterly Results Not Reflective Of Underlying Strength

2015-08-13 15:34:52| Biotech - Topix.net

But from our perspective, underlying growth remains prevalent throughout Johnson & Johnson's portfolio, and we think its pharmaceutical portfolio remains a bright spot. Johnson & Johnson reported 2015 second-quarter results July 14. Though the healthcare and consumer goods giant experienced quarterly revenue and adjusted earnings-per-share declines of 8.8% and 3.9% during the period, respectively, both numbers beat consensus estimates.

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Cisco quarterly revenue up 4% to record USD 12.8 bln

2015-08-13 08:42:00| Telecompaper Headlines

(Telecompaper) Cisco reported record revenues for its fiscal fourth quarter to July of USD 12.8 billion, up 3.9 percent from the same period last year. Sales in the Americas increased 7 percent, while the both EMEA and APJC regions were flat. Product revenue growth was led by Collaboration and Data Center, growing at 14 percent each, while the main products Switching and NGN Routing grew by 2 percent and 3 percent, respectively. Cisco reported a gross margin of 60.2 percent, while operating costs were up 3 percent year-on-year. Compared to fiscal Q3, the company added 900 employees, mainly for investments in key growth areas such as security, cloud and software. Adjusted operating profit was still up 9 percent year-on-year to USD 3.8 billion, and net profit rose 3.2 percent to USD 2.3 billion. Adjusted EPS was up 7.3 percent to USD 0.59. Cisco generated USD 4.1 billion of operating cash flow in the quarter, up from USD 3.6 billion a year ago, and finished the fiscal year with total cash of USD 60.4 billion. Cisco's new CEO Chuck Robbins also noted the solid rise in deferred revenue, up 7 percent to USD 15.2 billion at year-end. "I'm particularly pleased with the strong growth of deferred revenue which shows we are very effectively driving our business to a more predictable software-based business model, at the same time as growing revenues and earnings." The company's product backlog was worth USD 5.1 billion at the end of fiscal 2015, down from USD 5.4 billion a year earlier. For fiscal Q1, Cisco forecast revenue growth of 2-4 percent, an adjusted gross margin of 61-62 percent and adjusted EPS of USD 0.55-0.57. Over the full year, the company also expects around USD 700 million in charges for its restructuring announced in August. 

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Tencent quarterly revenue growth slows to 19%

2015-08-12 16:27:00| Telecompaper Headlines

(Telecompaper) Tencent reported second-quarter revenues of CNY 23.43 billion (USD 3.83 billion), up 19 percent on the year-earlier period. Operating profit rose 28 percent to CNY 10.04 billion, and the margin improved to 43 percent from 40 a year ago. Net profit reach CNY 7.31 billion, up 25 percent, and on an adjusted basis, rose 32 percent to CNY 7.98 billion. Growth was led by online advertising, up 97 percent to CNY 4.07 billion. Tencent also grew revenue from online games, by 17 percent to CNY 12.97 billion, and its social networks, by 17 percent to CNY 5.46 billion. The company increased capital expenditure by 210 percent compared to a year earlier, to CNY 2.84 billion, while free cash flow was down 14 percent over the same period to CNY 5.42 billion. Looking forward, Tencent said it will continue invest in premium content, including new games, in order to drive the growth in ad revenues. It's also focused on improving content and building partnerships for its subscription services such as e-reading, video and music, and driving volumes over its integrated payments services. 

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Alibaba quarterly revenue misses estimates, slowest growth in more than three years

2015-08-12 15:33:54| IT Services - Topix.net

Alibaba Group Holding Ltd's revenue for the three months ended June rose 28 percent, missing analysts' estimates, with growth slowing to its lowest rate in more than three years. China's biggest e-commerce company posted quarterly revenues of $3.27 billion, below an expected $3.39 billion, according to a Thomson Reuters SmartEstimate poll of 28 analysts.

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