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Tag: q3
Google ad business drives increase in Alphabet Q3 profit
2016-10-28 08:24:00| Telecompaper Headlines
(Telecompaper) Alphabet, the parent company of Google, reported a strong increase in third-quarter profits, led by continued expansion in Google's advertising business. Revenues rose 20 percent year-on-year to USD 22.45 billion, and operating profit increased to USD 5.77 billion from USD 4.71 billion, leading to an increase in the margin to 34 percent from 33 a year ago. Net profit rose to USD 5.06 billion or USD 7.25 per share from USD 3.98 billion or USD 5.73 per share a year earlier.
Tags: business
google
increase
profit
America Movil improves underlying results in Q3
2016-10-28 08:02:00| Telecompaper Headlines
(Telecompaper) America Movil reported an improvement in underlying third-quarter results, saying service revenues were stable year-on-year excluding currency effects compared to an annual decline in the previous quarter. Total revenues rose 11.8 percent to MXN 250 billion and were up 3.1 percent at constant exchange rates. EBITDA improved 1.5 percent to MXN 67.7 billion and fell 5.4 percent excluding forex effects, less than the 13.2 percent reduction in the prior quarter. The operator's net result improved to a profit of MXN 2.1 billion from a loss of MXN 2.9 billion a year ago.
Tags: results
america
underlying
improves
LG mobile revenues fall 23% in Q3, shipments down 9%
2016-10-27 08:47:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported sales from its mobile phone business down 23 percent year-on-year in the third quarter to KRW 2.52 trillion (USD 2.3 billion). The company blamed the lower sales on a weak performance for top models like the G5 and price pressure in the smartphone market. Total smartphone shipments fell 9 percent year-on-year and were 3 percent lower versus Q2 at 13.5 million. The lower sales of premium devices and costs for restructuring led to a quarterly operating loss of KRW 436.4 billion in mobile.
Tags: mobile
fall
revenues
shipments
Tesla reports profit for Q3
2016-10-26 23:55:25| Green Car Congress
Global smartwatch shipments drop over 50% in Q3
2016-10-25 10:41:00| Telecompaper Headlines
(Telecompaper) The worldwide smartwatch market witnessed a decline in shipment volumes in the third quarter, falling 51.6 percent from the year before to USD 2.7 million, according to data from IDC. The report noted that Apple's Watch became widely available last year. By comparison, the second generation Apple Watch only became available in the last two weeks of Q3 2016.
Tags: global
drop
shipments
q3
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