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Honda fiscal Q4 operating profit falls 32% on recall costs, flat car sales
2015-04-28 14:26:42| Automakers - Topix.net
Tepid sales and a barrage of recall costs hammered profits at Honda Motor Co. in the latest quarter, forcing the carmaker to miss its main targets for full-year earnings and unit sales.
Tags: sales
car
costs
operating
Honda fiscal Q4 operating profit falls 32% on recall costs, flat car sales
2015-04-28 13:44:15| Auto Dealers - Topix.net
Tepid sales and a barrage of recall costs hammered profits at Honda Motor Co. in the latest quarter, forcing the carmaker to miss its main targets for full-year earnings and unit sales.
Tags: sales
car
costs
operating
Honda sees flat profit ahead after tough year
2015-04-28 10:34:29| Auto Dealers - Topix.net
Honda Motor Co. said it is aiming for growth in the current fiscal year as it contends with unfavorable currency moves in emerging markets and tough competition from its rivals in Japan and the U.S. The Japanese auto maker said it is likely to post Yen525 billion in net profit, up 0.4% from a year earlier.
Sales dip, profits flat for PepsiCo in Q1
2015-04-23 14:51:00| Daily beverage news and comment - from just-drinks.com
PepsiCo has posted an improved performance in its first quarter, despite taking a hit from ForEx.
AT&T Q1 profits fall on acquisition costs, flat revenues
2015-04-23 07:38:00| Telecompaper Headlines
(Telecompaper) AT&T reported nearly flat revenues for the first quarter, due to tough competition in the mobile market and the sale of some of its wireline activities. Revenues were up just 0.3 percent year-on-year to USD 32.6 billion. If the divested Connecticut wireline properties are excluded, revenues rose 1.2 percent. Operating profit fell to USD 5.5 billion from USD 6.3 billion a year ago, hurt by a rise in costs for reducing staff and merger and integration expenses. Net profit dropped to USD 3.2 billion or USD 0.61 per diluted share, compared to USD 3.7 billion or USD 0.70 per share in the year-ago quarter. This includes 3 cents a share for voluntary employee separations, 4 cents for merger and integration expenses and a 5-cent gain from a tax item. After capital expenditures of USD 4.0 billion, free cash flow totaled USD 2.8 billion. AT&T said it was on track to meet its full-year guidance and close the acquisition of DirecTV in the second quarter. The company also increased the expected cost synergies from the acquisition to USD 2.5 billion per year, compared to an estimate of USD 1.6 billion when the deal was announced last year.
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