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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

AstraZeneca profit falls as patent expires on heartburn drug

2015-04-24 11:25:39| Biotech - Topix.net

Anglo-Swedish drug-maker AstraZeneca PLC reported a 7 percent fall in net profit for the first quarter of 2015, as cheaper copies of one of its best-sellers ate into sales. Net profit for the three months to March 31 was $1.37 billion, down from $1.47 billion a year earlier.

Tags: drug falls profit patent

Microsoft quarterly profit falls on handset business costs

2015-04-23 23:01:00| Telecompaper Headlines

(Telecompaper) Microsoft reported earnings down 10 percent year-on-year to USD 0.61 per share in its fiscal third quarter to March, hurt by costs for restructuring and integrating the former Nokia mobile phone business. Microsoft said the USD 190 million in restructuring costs in the quarter took 1 cent off earnings, while the 4 percent rise in its operating costs was also driven by the acquisition of the Nokia operations. This pushed its operating profit 5 percent lower to USD 6.59 billion. The gross margin was still up 1 percent to USD 14.57 billion, and revenues rose 6 percent year-on-year to USD 21.73 billion. The mobile phone business contributed revenue of USD 1.4 billion, and Lumia smartphone shipments rose 18 percent year-on-year to 8.6 million. The company also shipped 24.7 million feature phones in the quarter.

Tags: business costs microsoft falls