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Tag: q3
ZTE sales growth accelerates to 24% in Q3
2014-10-23 12:22:00| Telecompaper Headlines
(Telecompaper) ZTE reported third-quarter net profit up 191 percent from a year earlier to CNY 703 million. Revenue growth accelerated to 24 percent in Q3, from just 0.5 percent in H1, led by over 40 percent growth in handset sales. ZTE also posted growth in revenue from carrier network equipment, including 4G systems, and telecommunications software systems. Total sales reached CNY 21.1 billion. Net profit in the fist nine months of the year rose 232 percent from a year earlier to CNY 1.83 billion, in line with the company's outlook. For the full year, ZTE forecast net profit of CNY 2.5-2.8 billion, equal to annual growth of 84-106 percent. ZTE said it experienced strong growth in its operations in Europe, North America and China, as the company focused on key products including LTE, 100G optical networks, GPON, high-performance network routers and premium smartphones. The company also claimed the top spot in the LTE market in its home market China.
Tags: sales
growth
q3
accelerates
Nokia raises FY margin outlook after strong Q3
2014-10-23 08:53:00| Telecompaper Headlines
(Telecompaper) Nokia reported strong improvement in third-quarter results, driven by new LTE contracts in North America and China. Net sales rose 13 percent year-on-year to EUR 3.32 billion, and adjusted operating profit was up 33 percent to EUR 457 million. Net profit increased to EUR 760 million from EUR 138 million, and adjusted EPS rose 50 percent to EUR 0.09. The bottom line was impacted by a charge of EUR 1.2 billion to write down the value of goodwill at the location services unit Here. This was offset by a one-time benefit of EUR 2.1 billion on deferred tax assets in Finland and Germany. The strong operating results led to an upgrade in the outlook for Nokia Networks. The company now expects an annual operating margin of around 11 percent, versus its previous forecast for the high end of its long-term target range of 5-10 percent. The margin was 13.5 percent in Q3 and 11.5 percent over the first nine months of the year. The forecast is based on a high proportion of mobile broadband sales in Q3 and an expected higher proportion of service revenues in Q4.
Tags: strong
nokia
outlook
margin
Huawei ships 11 million 4G phones in Q3
2014-10-23 02:00:00| Total Telecom industry news
Chinese vendor says it shipped 16.8 million smartphones in the three months to the end of September.
API: Natural Gas Well Completions Up 3 Percent In Q3
2014-10-21 04:23:44| oilandgasonline Home Page
Estimated U.S. natural gas well completions increased by 3 percent in the third quarter of 2014 compared to year-ago levels, according to API's 2014 Quarterly Well Completion Report, Third Quarter.
Texas Instruments' profit, revenue rise in Q3
2014-10-21 01:31:43| Semiconductors - Topix.net
"Revenue for the quarter was solidly in the upper half of our expected range and earnings were at the top of the range, marking another quarter of strong progress and execution," CEO Rich Templeton said about TI's third quarter. Texas Instruments Inc. reported a better than expected third quarter, posting a profit of $826 million, or 76 cents a share, on $3.5 billion in revenue.
Tags: instruments
texas
rise
profit
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