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BT quarterly revenue slips 3 percent to GBP 4.48 billion
2015-01-30 09:29:00| Telecompaper Headlines
(Telecompaper) BT reported a revenue down 3 percent to GBP 4.48 billion in its third quarter to the end of December 2014, thanks to a good performance at BT Consumer. The company added a net 119,000 retail broadband customers in the period, in large part driven by its BT Sport and ESPN channels. The third quarter also saw Openreach achieve record growth in the number of landlines, with all major ISPs responding to market demand for fibre. Capital expenditure rose by 3 percent to GBP 599 million. BT said its fibre network now covers three quarters of the UK and the company will launch large-scale pilots of G.fast this summer. CEO Gavin Patterson said the company expects to be able to deliver ultrafast broadband at up to 500 Mbps to most of the country by 2025. EBITA rose by 2 percent to GBP 1.57 billion, with adjusted earnings per share up 10 percent to GBP 0.08. By business unit, BT Global Services' EBITDA was down 10 percent to GBP 261 million on revenue down 8 percent to GBP 1.69 billion. BT Business's EBITDA rose 4 percent to GBP 266 million on revenue down 2 percent to GBP 789 million. BT Consumer's EBITDA rose by 43 percent to GBP 251 million on revenue up 7 percent to GBP 1.08 billion, BT Wholesale's EBITDA fell 7 percent to GBP 136 million on revenue down 10 percent to GBP 532 million. Openreach's EBITDA slipped 1 percent to GBP 651 million on revenue also down 1 percent to GBP 1.26 billion. BT, which is expected to sell bonds to finance its acquisition of mobile operator EE, reaffirmed its previously announced outlook. The group expects underlying revenue excluding transit in 2014/15 to be broadly level with 2013/14 with growth in 2015/16. Adjusted EBITDA guidance is GBP 6.2-6.3 billion in 2014/15 with further growth in 2015/16. Normalised free cash flow is expected to be more than GBP 2.6 billion this year and to grow next year.
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Qorvo reports first quarterly earnings, expects to outpace industry growth
2015-01-29 23:12:08| Electronics - Topix.net
Qorvo, the company that resulted from the recent merger of RF Micro Devices Inc. and Hillsboro, Ore.-based TriQuint Semiconductor Inc., has reported its quarterly earnings announcement for the first time. Net income for the quarter included $87.9 million from RF Micro and $61.6 million from TriQuint.
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Qorvo reports first quarterly earnings, expects to outpace industry growth
2015-01-29 22:38:12| Semiconductors - Topix.net
Qorvo, the company that resulted from the recent merger of RF Micro Devices Inc. and Hillsboro, Ore.-based TriQuint Semiconductor Inc., has reported its quarterly earnings announcement for the first time. Net income for the quarter included $87.9 million from RF Micro and $61.6 million from TriQuint.
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quarterly
JetBlue Airways Quarterly Profit Jumps 87%
2015-01-29 15:39:08| Airlines - Topix.net
JetBlue Airways Corp reported a better-than-expected quarterly profit as it benefitted from lower fuel prices and flew more passengers. JetBlue, whose shares were up 4.6 percent in premarket trading, said average fuel cost per gallon fell to $2.70 in the fourth quarter ended Dec. 31 from $3.10 a year earlier.
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Potash Corporation raises quarterly dividend 9% to 38 cents US a share
2015-01-29 00:45:35| Chemicals - Topix.net
Potash Corporation of Saskatchewan Inc. announced a nine per cent increase in its quarterly dividend Wednesday, a day before the fertilizer giant releases its fourth-quarter and year-end results. Saskatoon-based PotashCorp said the dividend, announced after markets closed, will rise three cents to 38 cents US per share, payable May 4 to shareholders of record on April 13. "With our potash expansion program nearing completion, our board and management team continue to review our future cash flow potential and the best opportunities to provide superior returns to our shareholders," president and CEO Jochen Tilk said in a release announcing the increase.
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