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Tag: profit returns
Brown Shoe returns to profit in 4th quarter
2013-03-15 15:07:45| Footwear - Topix.net
The retailer's adjusted earnings and revenue topped analysts' estimates, but its 2013 forecast missed Wall Street's expectations.
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CANADA: Gildan returns to profit in Q1
2013-02-07 15:42:00| Daily apparel & textile news and comment - from just-style.com
Apparel business Gildan Activewear returned to profitability in its first quarter of fiscal 2013, boosted by lower discounting and its recent Anvil acquisition.
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Panasonic returns to profit on cost cuts, yen drop
2013-02-01 10:31:18| Semiconductors - Topix.net
Japanese electronics maker Panasonic Corp. returned to the black last quarter as cost cuts and a weaker yen offset sliding sales.
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Nintendo returns to profit, lowers sales forecasts
2013-01-30 11:04:38| Electronics - Topix.net
Japanese video game maker Nintendo Co. returned to the black for the first nine months of its business year and more than doubled its profit forecast for the full year, getting a perk from a weaker yen, despite pessimism about sales prospects.
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Nokia returns to profit in Q4
2013-01-24 12:03:00| Telecompaper Headlines
(Telecompaper) Nokia returned to a net profit in the fourth quarter, helped by a gradual improvement in sales of its mobile phones and cost reductions. EPS came in at EUR 0.05, versus a loss of EUR 0.29 a year earlier, and adjusted operating profit rose 33 percent year-on-year to EUR 635 million. Sales were still down 20 percent to EUR 8.04 billion, but improved 11 percent compared to the third quarter. Its core Devices & Services division showed a similar picture, with revenues down 36 percent year-on-year but 8 percent higher sequentially at EUR 3.85 billion. Adjusted operating profit at the division plunged 82 percent from a year ago to EUR 52 million, and the margin fell to 1.3 percent from 4.9 percent, but this was better than the company's guidance of minus 6 percent, plus or minus four percentage points. For the seasonally weaker first quarter, Nokia forecast a margin of negative 2 percent, plus or minus four points. Nokia said it will not pay a dividend for 2012, in order to maintain a strong balance sheet. It finished 2012 with EUR 9.9 billion in cash.