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Samsung Q2 revenues fall on weaker-than-expected demand for S9

2018-07-31 08:35:00| Telecompaper Headlines

(Telecompaper) Samsung reported second-quarter results in line with guidance but lower year-on-year and quarter-on-quarter. The company was especially hit by weaker-than-expected sales for its Galaxy S9, which it tried to compensate with higher marketing expenses. Samsung said conditions are likely to remain tough for the second half, as customers look for higher specifications on the one hand and cheaper prices on the other. In order to respond to these desires, the company will for the higher end conduct an early launch of the new Note model while for the low to mid-range, it will look to add new features and push cost effectiveness.

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Tyson foods cuts earnings due to tarrifs, sluggish demand

2018-07-31 02:00:00| ThePigSite - Industry News

USA - Tyson Foods, Inc (NYSE:TSN) on 30 July 2018 revised fiscal year 2018 guidance. Although unable to reconcile revised 2018 adjusted earnings per share guidance to GAAP, the company now expects adjusted earnings for fiscal year 2018 to approximate $5.70-6.00 per share

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Teijin Frontier to acquire J.H. Ziegler; addressing EV demand

2018-07-30 09:57:04| Green Car Congress

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Researchers forecast light-duty vehicle electricity use in 2050 considering electrification, autonomy and sharing: 13-26% of total demand

2018-07-29 12:57:05| Green Car Congress

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Novelis to acquire downstream aluminum producer Aleris for ~$2.6B; meeting automotive demand, expanding into aerospace

2018-07-27 13:57:12| Green Car Congress

Tags: meeting automotive demand producer

 

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