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Tag: q3
Ericsson improves margins as sales slow in Q3
2015-10-23 08:40:00| Telecompaper Headlines
(Telecompaper) Ericsson reported improving margins and profits in the third quarter, as its efficiency programme helped offset weak sales. Revenues increased 3 percent year-on-year to SEK 59.2 billion, but were down 9 percent on an organic basis due to lower sales in Networks. This was partly offset by sales growth in Professional Services. A higher share of services in the revenue mix led to a drop in the adjust gross margin, to 34.5 percent from 35.5 a year ago. The operating margin, excluding restructuring costs, improved though, to 10 percent from 7 percent a year earlier, thanks to lower costs. Ericsson said its Network Rollout business, within Global Services, also reached breakeven. Net profit rose to SEK 3.1 billion from SEK 2.6 billion in Q3 2014, and operating cash flow returned to a positive SEK 1.6 billion after a negative SEK 1.4 billion a year ago.
Tags: sales
slow
ericsson
improves
Inter Parfums' Posts Gains in Q3
2015-10-22 21:43:50| Footwear - Topix.net
Inter Parfums' Q3 sales increased 3.5% to $138.9 million, . At comparable foreign currency exchange rates, consolidated third quarter net sales increased 11.4%.
Orange raises FY outlook after return to growth in Q3
2015-10-22 08:31:00| Telecompaper Headlines
(Telecompaper) Orange reported a return to organic revenue growth in the third quarter, with revenues up 0.5 percent year-on-year to EUR 10.284 billion. That compares to falls in comparable revenue of 0.2 percent in Q2 and 0.9 percent in Q1. The improvement was driven by a 1.2 percent rise in mobile service revenue, led by the Africa and Middle East activities, and 0.5 percent growth in the enterprise segment. The French operator reported adjusted EBITDA of EUR 3.557 billion for the quarter, up 1.1 percent on a comparable basis, and the margin increased by 0.2 percent points from a year ago to 34.6 percent. Capital expenditure was up 7.6 percent to EUR 1.563 billion, or 15.2 percent of revenue. Thanks to the stronger results and completion of the takeover of Jazztel in Spain, Orange raised its target for full-year adjusted EBITDA to at least EUR 12.3 billion, from earlier guidance of EUR 11.9-12.1 billion. This also takes into account the consolidation of Meditel and sale of Orange Armenia. The company reiterated a medium-term target of net debt at 2x EBITDA, leaving the door open for further acquisitions.
Inter Parfums\' Posts Gains in Q3
2015-10-22 07:00:00| Happi Breaking News
Sales rise 3.5% for fragrance house.
AbbVie, Biogen, Gilead: Smart Money Got Burned Betting on Biotech in Q3
2015-10-20 17:42:28| Biotech - Topix.net
When it rains, it pours, and for big pharma, it certainly poured in the third quarter. With the third quarter over, let's take a closer look at the fundamentals of hedge fund hotels Pfizer Inc. , Gilead Sciences, Inc. , AbbVie Inc , Amgen, Inc. , and Biogen Inc and see how they did in the third quarter .
Tags: money
smart
biotech
burned
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