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Gentex Q4 sales gains lag forecasts; stock drops
2015-01-29 11:34:16| Automakers - Topix.net
Gentex Corp., a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. "The increase was behind the forecast provided at the beginning of the quarter primarily due to end of year inventory adjustments at certain tier-one automotive customers, that are not expected to continue," Automotive revenue for the quarter jumped 7 percent to $342.4 million, with mirror unit shipments increasing 9 percent from a year earlier.
Diageo Profit Drops
2015-01-29 10:28:30| Beverages - Topix.net
Diageo PLC has turned in an 18% decline in first-half profit with a drop in revenue in North America weighing on the U.K. drinks group's performance. The world's biggest liquor company by sales said on Thursday that net profit decreased to A 1.31 billion in the six months to Dec. 31 from A 1.60 billion in the same period a year ago.
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Samsung's 4Q profit drops but beats forecast
2015-01-29 02:42:43| Semiconductors - Topix.net
Samsung Electronics Co. said its quarterly earnings dropped 27 percent in the fourth quarter as it struggled in its battle of big phones with Apple.
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Samsung's 4Q profit drops but beats forecast
2015-01-29 02:31:22| Electronics - Topix.net
Samsung Electronics Co. said its quarterly earnings dropped 27 percent in the fourth quarter as it struggled in its battle of big phones with Apple.
Tags: profit
forecast
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Brent crude oil drops to $49 a barrel as dollar strengthens
2015-01-28 01:00:00| Offshore Technology
The price of Brent crude oil dropped to $49 a barrel today as the dollar strengthens and US crude inventories increase.
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