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Tag: profit falls
Samsung net profit falls 26.7% in Q4
2015-01-29 08:15:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported a fall in fourth-quarter net profit to KRW 5.35 trillion from KRW 7.30 trillion a year earlier. Operating profit dropped to KRW 5.29 trillion from KRW 8.31 trillion, and revenues declined to KRW 52.73 trillion from KRW 59.28 trillion a year ago. Despite the weaker results, Samsung raised its final dividend to KRW 19,500 per share from KRW 13,800 a year earlier. The lower results were due to a sharp fall in sales at its mobile phone business, where quarterly revenues were down 23 percent year-on-year to KRW 25.02 trillion. Operating profit at the communications division fell to KRW 1.96 trillion from KRW 5.47 trillion a year ago. Samsung reported a small decline in its smartphone shipments compared to the third quarter, while its average selling price and profitability improved over the same period thanks to a higher share of high-end phones like the Note 4. Tablet shipments were up compared to Q3, and Samsung also increased revenues from network equipment. The company expects a weaker phone and tablet market in Q1 due to lower seasonal demand. Samsung itself will try to improve earnings and grow smartphone shipments, helped by new models in the A series.
Tags: net
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samsung
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Praxair profit, sales falls short of expectations
2015-01-28 13:21:18| Chemicals - Topix.net
Industrial-gas company Praxair Inc. said its earnings dropped as weak macroeconomic conditions, especially in Europe, and the strong dollar pressured fourth-quarter results. Both sales and revenue missed expectations, leading the Connecticut-based company to post a disappointing outlook for the year.
Tags: short
sales
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Raymond Q3 profit falls despite 14% sales rise
2015-01-22 13:23:00| Daily apparel & textile news and comment - from just-style.com
Indian textile and clothing group Raymond has recorded a mixed set of third-quarter results, with lower earnings but double-digit revenue growth.
Family Dollar profit falls on "challenging" Q1
2015-01-08 15:26:00| Daily apparel & textile news and comment - from just-style.com
Family Dollar Stores said it experienced a very challenging first-quarter as it continued its turnaround, with a fall in earnings and a narrowing of gross margin.
Tags: family
falls
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dollar
FedEx Quarterly Profit Rises, Falls Short Of Analyst Expectations
2014-12-17 15:39:30| Air Courier - Topix.net
Package delivery company FedEx Corp reported a 23 percent jump in quarterly profits on Wednesday driven by higher U.S. domestic package and international export volumes, but fell short of analyst expectations. The Memphis-based company reported net income of $616 million for the quarter ending Nov. 30, compared with $500 million a year earlier.
Tags: short
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