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Goodyear beats 4Q profit forecasts
2015-02-17 16:10:51| Industrial Machines - Topix.net
The Goodyear Tire & Rubber Co. reported a sharp jump in its fourth-quarter net income, thanks to a $2 billion tax credit that offset unfavorable currency conditions and weak sales in Europe, the Middle East and Africa.
Tags: profit
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ITT profit beats views, but warns of sales decline
2015-02-13 16:50:41| Industrial Machines - Topix.net
ITT Corp. said growth in global oil-and-gas project pumps drove stronger-than-expected results in its fourth quarter, though it reported weakness in its motion-technologies segment and warned sales would be down this year. Chief Executive Denise Ramos said ITT continues to face a difficult external environment with headwinds from the global oil-and-gas market and from foreign exchange.
Tags: sales
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Allurez Beats the Odds with a 35% Increase in Year End Sales
2015-02-12 23:25:19| Jewelry - Topix.net
Based on preliminary figures released by the U.S. Department of Commerce, IDEX Online Research reports that national sales for jewelry and watches were 1.4% lower in November/December 2014 when compared to the same period in 2013. Despite an improving job market and low gas prices, consumers have used their enhanced spending power on large ticket durable goods and automobiles over jewelry.
Select Comfort beats Street 4Q forecasts
2015-02-12 00:44:21| Furniture - Topix.net
The Minneapolis-based company said it had profit of 35 cents per share. Earnings, adjusted for non-recurring gains, were 31 cents per share.
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PepsiCo beats profit estimates, sets $12 billion buyback plan
2015-02-11 14:42:43| Beverages - Topix.net
Shares of the company, which has been under pressure from activist investor Nelson Peltz, were up more than 3 percent in premarket trading on Wednesday. Pepsi also hiked its annual dividend by 7.3 percent to $2.81 per share and said it expects to return about $8.5-$9 billion to shareholders through dividends and buybacks this year.
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