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Microsoft quarterly profit falls on handset business costs
2015-04-23 23:01:00| Telecompaper Headlines
(Telecompaper) Microsoft reported earnings down 10 percent year-on-year to USD 0.61 per share in its fiscal third quarter to March, hurt by costs for restructuring and integrating the former Nokia mobile phone business. Microsoft said the USD 190 million in restructuring costs in the quarter took 1 cent off earnings, while the 4 percent rise in its operating costs was also driven by the acquisition of the Nokia operations. This pushed its operating profit 5 percent lower to USD 6.59 billion. The gross margin was still up 1 percent to USD 14.57 billion, and revenues rose 6 percent year-on-year to USD 21.73 billion. The mobile phone business contributed revenue of USD 1.4 billion, and Lumia smartphone shipments rose 18 percent year-on-year to 8.6 million. The company also shipped 24.7 million feature phones in the quarter.
Tags: business
costs
microsoft
falls
Microsoft quarterly profit falls
2015-04-23 22:41:14| BBC News | Business | UK Edition
Microsoft reports a 12% fall in profits to almost $5bn in the first three months of 2015, but sales rise to $21.7bn, cheering investors.
Tags: microsoft
falls
profit
quarterly
Amazon reports a quarterly loss
2015-04-23 22:20:07| BBC News | Business | UK Edition
Amazon reports a loss of $57m in the first quarter and also said its web services business generated sales of $1.57bn.
Tags: reports
loss
amazon
quarterly
Johnson & Johnson hikes quarterly dividend 7 percent
2015-04-23 19:02:18| Biotech - Topix.net
Johnson & Johnson is hiking its quarterly dividend by 7 percent, from 70 cents per share to 75 cents per share. The board of directors of the world's biggest maker of health care products approved the increase.
Tags: percent
johnson
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dividend
Snap-on (SNA) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
2015-04-23 17:09:18| Appliances - Topix.net
Snap-on issued its quarterly earnings data on Thursday. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.82 by $0.05, ARN reports.
Tags: results
releases
expectations
quarterly
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