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Sony posts quarterly loss on weak mobile sales
2014-10-31 08:50:00| Telecompaper Headlines
(Telecompaper) Sony reported a net loss of JPY 136 billion for its fiscal second quarter to September, hurt by an impairment charge to write down the value of its mobile business. Revenues were still up 7.2 percent year-on-year to JPY 1.902 trillion, helped by strong Playstation sales. The operating result moved to a loss of JPY 85.6 billion from a profit of JPY 13.9 billion a year ago, due to the charge of JPY 176 billion for the mobile business. Sony also took JPY 9.9 billion in restructuring charges in the quarter, of which 7.7 billion for exiting the PC business. At the mobile division, sales were up 1.2 percent to JPY 308.4 billion, but fell 4 percent at constant currency rates. The operating loss amount to JPY 172 billion, versus a profit of JPY 8.8 billion a year ago. Sony maintained its group outlook for 2014, cut in September when it warned about the mobile charge and a rethink at the phone business. It now forecasts the mobile division will report annual sales of JPY 1.35 trillion and a bigger operating loss of JPY 204 billion. The outlook was downgraded compared to the last quarterly report due to weaker smartphone sales, especially in China, as well as negative currency effects from the US dollar and restructuring costs.
Ashford Hospitality Trust (AHT) Set to Announce Quarterly Earnings on Thursday
2014-10-30 19:49:53| Jewelry - Topix.net
Ashford Hospitality Trust will announce its Q314 earnings results on Thursday, October 30th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $212.90 million for the quarter.
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U.S. Steel (X) Stock Gains After Company Reports Quarterly Results
2014-10-30 15:52:59| Steel - Topix.net
U.S. Steel reported a loss of $1.42 a share for the quarter. Adjusted for non-recurring costs and asset impairment costs, some related to the reorganization of its Canadian operations, the company had a profit of $2.16 a share, above the $1.17 a share analysts surveyed by Zacks Investment Research expected.
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Air France-KLM Quarterly Profit Falls as Strike Takes Toll
2014-10-29 21:52:38| Airlines - Topix.net
Air France-KLM Group third-quarter profit slumped following a two-week pilot strike that crippled Europe's largest carrier, which said it may need to deepen savings as bookings remain weak into the fourth quarter. Operating profit declined to 247 million euros from 641 million euros a the year earlier, the company said today.
Schnitzer Steel Industries (SCHN) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
2014-10-28 17:29:44| Steel - Topix.net
Schnitzer Steel Industries posted its quarterly earnings results on Tuesday. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.02, American Banking News.com reports.
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