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Wolverine Worldwide reaffirms outlook on "strong" Q3

2016-10-19 14:19:00| Daily apparel & textile news and comment - from just-style.com

Military boot and shoemaker Wolverine Worldwide has reaffirmed its full-year outlook after revealing higher earnings in its third-quarter and sales in line with expectations.

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Yahoo! more than doubles profit to USD 163 mln in Q3

2016-10-19 08:31:00| Telecompaper Headlines

(Telecompaper) Yahoo reported a net profit of USD 163 million in the third quarter, more than double the year-earlier total of EUR 76 million, on earnings of USD 1.305 billion, up from USD 1.226 billion in Q3 2015. Earnings per share came in at 20 cents compared to 15 cents a year earlier, while adjusted EBITDA dipped to USD 229 million from USD 244 million. Yahoo's display advertising revenue was down 7 percent year on year to USD 476 million due to a 5 percent fall in the number of ads sold, while mobile revenue increased to USD 396 million from USD 271 million and accounted for 32 percent of traffic-driven revenue. CEO Marissa Mayer announced that she was pleased with the results and said the company was still "busy preparing for integration with Verizon," after the telecommunications giant agreed to buy Yahoo for USD 4.8 billion in July.

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Sales Downgrades in FMCG for Q3?

2016-10-18 14:00:00| Happi Breaking News

Euromonitor has insight on beauty and home care.

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Netflix customer growth better-than-expected in Q3

2016-10-18 09:07:00| Telecompaper Headlines

(Telecompaper) Netflix reported better-than-expected customer growth in the third quarter, adding 370,000 US customers and 3.2 million international ones, a slowdown from previous quarters but higher than its forecast of 2 million more for international. Netflix customers taking up sVoD services went to 47.5 million in the US and to 39.25 million international. Revenues for the quarter jumped 36 percent from the year before to USD 2.158 billion. Revenue improved in the US to USD 1.064 billion from 1.304 billion. International revenue rose to USD 853 million from 517 million, making up 40 percent of total revenues.

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Ericsson warns for 'significantly' lower Q3

2016-10-12 08:55:00| Telecompaper Headlines

(Telecompaper) Ericsson has reported preliminary, unaudited third quarter results, saying it expects its business result to be "significantly" lower than company expectations on the back of continuing negative industry trends. These started in the first half and are now being felt, especially in Segment Networks. Revenues for the quarter fell 14 percent year-on-year to SEK 51.1 million, with revenues from Networks down 19 percent to SEK 23.3 million.

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