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FedEx beats 1Q net income and revenue expectations

2014-09-17 15:05:18| Air Courier - Topix.net

FedEx's fiscal first-quarter net income rose 24 per cent, thanks partly to a strong performance by its ground division. FedEx is getting a boost from the growth in online shopping, which generates strong business in ground shipments.

Tags: net income revenue expectations

 

Sony downgrades mobile growth expectations

2014-09-17 10:14:00| Telecompaper Headlines

(Telecompaper) Sony announced it will take an impairment charge of JPY 180 billion in its fiscal second quarter to write down the value of its mobile phone business. The company said a review of its medium-term plans for the mobile business found reduced growth prospects than its previous expectations. Sony flagged the review already in its last quarterly report and the impairment charge results in a downgrade in its full-year earnings outlook. The company now expects to report an operating loss of JPY 40 billion for the year to March 2015, versus a previous estimate of a profit of JPY 130 billion and a reported result last year of JPY 23.7 billion. With the annual net loss now estimated at JPY 230 billion, Sony said it will not pay an interim or final dividend for the year. For the mobile business, the company plans to focus more on the premium segment and said it will reduce the number of mid-range models it offers. It will also revise its strategy in certain geographic markets, Sony said, without providing further details. The new strategy reflects "the significant change in the market and competitive environment of the mobile business," Sony said. 

Tags: mobile sony growth expectations

 
 

Earnings Expectations For The Week Of September 15

2014-09-15 03:24:32| Air Courier - Topix.net

Ostensible economic bellwether FedEx is scheduled to step into the earnings spotlight midweek, and the consensus forecast calls for earnings growth. Analysts are also looking for earnings growth from homebuilder Lennar , tech giant Oracle and retailer Rite Aid this week.

Tags: september week expectations earnings

 

Sunday musings: Apple watch is new hotel room key, Low airline expectations, JetBlue corporate ideal

2014-09-14 14:09:44| Airlines - Topix.net

Big hotel chains are already preparing for the coming of the Apple Watch . They are building apps that will allow them to communicate with customers from airport to hotel and direct them right to their hotel rooms upon arrival at the hotel.

Tags: low key room hotel

 

The Pep Boys - Manny, Moe & Jack (PBY) Posts Quarterly Earnings, Misses Expectations By $0.10 EPS

2014-09-09 13:58:53| Auto Parts - Topix.net

Manny, Moe & Jack posted its quarterly earnings results on Monday. The company reported $0.06 earnings per share for the quarter, missing the analysts' consensus estimate of $0.16 by $0.10, Analyst Ratings.Net reports.

Tags: posts boys jack expectations

 

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