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Advance Auto Parts (AAP) Releases Quarterly Earnings Results
2014-08-14 16:19:03| Auto Parts - Topix.net
Advance Auto Parts released its earnings data on Thursday. The company reported $2.08 earnings per share for the quarter, beating the analysts' consensus estimate of $2.01 by $0.07, AR Network reports.
Tags: results
auto
parts
releases
Leggett & Platt Increases Quarterly Dividend To $.31
2014-08-14 11:32:59| Furniture - Topix.net
The company has increased its annual dividend for 43 consecutive years, at a 13% compound average growth rate.
Tags: increases
quarterly
dividend
platt
Lenovo quarterly sales up 18%, profits rise 23%
2014-08-14 09:09:00| Telecompaper Headlines
(Telecompaper) Lenovo reported revenues for its fiscal first quarter of USD 10.4 billion, up 18 percent year-over-year. Its gross margin came in at 13 percent, and operating profit rose 40 percent to USD 283 million. Net earnings were up 23 percent to USD 214 million. The company grew PC shipments 15 percent to 14.5 million units, again outperforming the industry and strengthening its market share to 19.4 percent. The company claimed third place in the global tablet market, with shipments up 67 percent to 2.3 million units. Lenovo said it also sold more smartphones than PCs for the first time, with record volume of 15.8 million units, up 39 percent. In its home market China, Lenovo became the number one smartphone vendor with 13 million phones sold. Lenovo said it expects the growth to continue, supported by its acquisitions of Motorola Mobility and IBM's x86 server business. Both transactions are expected to close before the end of the year.
Tags: sales
rise
quarterly
profits
Cisco plans more job cuts as quarterly sales flat
2014-08-14 08:44:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenue of USD 12.4 billion for its fiscal fourth quarter to July, down 0.5 percent from a year earlier. The gross margin rose to 59.9 percent from 59.2 percent a year ago, while the operating margin fell to 21.7 percent from 22.7. Net profit dropped 1.0 percent over the same period to USD 2.2 billion. Cisco said the operating environment remained "tough" but the company's book-to-bill ratio was "comfortably over 1" in the quarter. Cisco spent in total USD 13.3 billion in the past fiscal year on share repurchases and dividends and finished the year with total cash of USD 52.1 billion. While the company's headcount rose by around 1,000 last year to 74,000, Cisco announced another round of job cuts. It will eliminate around 6,000 positions at a restructuring cost of USD 700 million. Cisco CEO John Chambers told the Wall Street Journal that the job cuts are designed to make room for adding different kinds of skills, rather than lowering costs. He does not expect the total headcount to change over the current fiscal year, as staff are added in areas such as data centres, security and cloud offerings.
Rocky Brands Inc (RCKY) Announces Quarterly Dividend of $0.10
2014-08-14 01:22:19| Footwear - Topix.net
Rocky Brands declared a quarterly dividend on Wednesday, August 13th, American Banking News.com reports.
Tags: brands
quarterly
rocky
announces
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