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US economic growth slows to 0.2%
2015-04-29 15:44:41| BBC News | Business | UK Edition
The US economy grew at an annual rate of just 0.2% in the three months to the end of March, official figures show.
Tags: growth
economic
economic growth
slows
Twitter lowers FY outlook after revenue growth slows in Q1
2015-04-29 09:20:00| Telecompaper Headlines
(Telecompaper) Twitter reported first-quarter revenues of USD 436 million, up 74 percent from the year-earlier figure but lower than the company's guidance of USD 440-450 million. Advertising revenues came in at USD 388 million, up 72 percent from last year's figure of USD 226 million, of which some 89 percent came from mobile accounts. The messaging company's net loss widened to USD 162 million or 25 cents a share from USD 132 million or 23 cents a share a year ago. Adjusted EBITDA exceeded the company's target for Q1, coming in at USD 104 million, up from USD 37 million a year ago, representing an adjusted EBITDA margin of 24 percent. The company had a total of 302 million monthly active users in March, an increase of 18 percent year-on-year, after adding just 14 million users over the last quarter. Around 80 percent of users were on mobile. The company was forced to lower its guidance for annual revenue from USD 2.30 billion to around USD 2.17 2.27 billion, saying that its direct response products were likely to keep underperforming throughout the year.
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growth
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UK economic growth slows to 0.3%
2015-04-28 10:42:18| BBC News | Business | UK Edition
The rate of economic growth halved in the three months to the end of March, official figures show, continuing a slowdown that began six months ago.
Union Pacific 1Q profit grows 6 percent but volume slows
2015-04-23 15:49:04| Railroads - Topix.net
Union Pacific's first-quarter profit improved 6 percent but fell short of expectations as railroad shipping volume slowed 2 percent on weak coal demand and a labor dispute at West Coast ports. The Omaha, Nebraska, company reported $1.15 billion in net income, or $1.30 per share, in the first three months of the year.
Tags: volume
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Ericsson Q1 profits lower as NAmerica market slows
2015-04-23 08:26:00| Telecompaper Headlines
(Telecompaper) Ericsson reported first-quarter sales up 13 percent year-on-year to SEK 53.5 billion, due largely to positive currency effects. Adjusted for comparable units and currency, revenues fell 6 percent, driven by slower mobile broadband activity in North America. Ericsson said it expects the situation to continue in North America in the near term, while it continues to benefit from the booming 4G market in China. This sales mix led to a drop in the gross margin to 35.4 percent in Q1 from 36.5 a year ago, and operating profit fell to SEK 2.1 billion from SEK 2.6 billion due to higher restructuring charges of SEK 0.6 billion. Ericsson also reported negative operating cash flow of SEK 5.9 billion, mainly due to increased working capital. Net profit dropped 14 percent year-on-year to SEK 1.5 billion.
Tags: market
lower
ericsson
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