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Broadcom profit beats as demand rises from smartphone makers

2015-04-22 00:47:08| Wireless - Topix.net

Wireless chip maker Broadcom Inc reported higher-than-expected quarterly revenue and profit, helped by strong sales of its WiFi and broadband chips to handset makers such as Apple Inc and Samsung Electronics Co Ltd. Shares of Broadcom, which also forecast current-quarter revenue above analysts' expectations, rose 4 percent in extended trading on Tuesday. The company is benefiting from strong demand for newly-launched smartphones such as Apple's iPhone 6 and Samsung's Galaxy S6.

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Credit Suisse quarterly profit rises

2015-04-21 08:40:26| BBC News | Business | UK Edition

Credit Suisse says quarterly profit rose by 23% from a year earlier because of gains from its securities trading and wealth management divisions.

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UPDATE 2-CN Rail 1st-qtr profit rises, to boost capital spending

2015-04-21 04:38:35| Railroads - Topix.net

Canadian National Railway Co posted higher first-quarter earnings on Monday, topping analysts' expectations, and said it would boost capital spending to improve safety as volume rises. Freight volume also rose in the quarter, with carloads up 9 percent as shipments in every major commodity category but coal rose from a year earlier.

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CN's net profit rises 13 per cent to $704 million in first quarter

2015-04-21 00:29:01| Railroads - Topix.net

Canadian National Railway says milder weather and strong freight demand contributed to a 13 per cent increase in net profit to $704 million in the first quarter on $3.1 billion of revenue. The country's largest railway said it earned 86 cents per diluted share in the three months ended March 31, compared with 75 cents per share or $623 million a year ago.

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REFILE-UnitedHealth's quarterly profit rises as Optum business gains

2015-04-16 20:02:04| Beverages - Topix.net

UnitedHealth Group Inc, the largest U.S. health insurer, reported a 28.6 percent rise in quarterly profit, helped by a rise in total enrolments and strength in its Optum Health Services business. The company's profit rose to $1.41 billion, or $1.46 per share, in the first quarter ended March 31, from $1.10 billion, or $1.10 per share, a year earlier.

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