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Tag: profit falls
Qualcomm quarterly profit falls 44%
2015-11-05 00:05:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported a sharp fall in results for its fiscal fourth quarter to September, hurt by a slowdown in China sales after forced changes to its licensing practices there. Revenues declined 18 percent year-on-year to USD 5.5 billion. This was towards the high end of its outlook, as MSM shipments came in stronger than expected, helping offset the delays to agreeing new licences in China. Net profit dropped 44 percent to USD 1.1 billion, and EPS declined 40 percent to USD 0.67, also in line with the chipmaker's forecast. The result included USD 190 million in restructuring charges for the company's earlier announced strategic realignment plan. Qualcomm said it was on track to deliver the cost reductions planned for the next year and was also receiving a good reception for its new flagship processor, the Snapdragon 820. The company said it aims to "exit fiscal 2016 on an improved financial trajectory". However, the company said it would no longer give guidance for annual results and only provide a limited quarterly forecast. For fiscal Q1 of the new year, it expects a continued drop in results. with revenues down 15-27 percent year-on-year to USD 5.2-6.0 billion. EPS is forecast to fall 23-32 percent to USD 0.80-0.90. MSM shipments are estimated at 225-245 million, an improvement from 203 million in the previous quarter but still down 9-17 percent on an annual basis.
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IAG falls despite airline upping profit outlook as Q3 beats forecasts
2015-10-31 13:09:07| Airlines - Topix.net
The parent company of British Airways lent credence to the old adage that 'it is better to travel than arrive' as its shares dropped 4 per cent today despite an upgrade to its 2015 profit outlook. As third quarter earnings beat expectations, IAG said its full year operating profit should now come in at between a 2.25-2.30billion , having previously forecast an outcome of a 2.2billion .
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profit
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airline
Exxon 3rd quarter profit falls by nearly half amid low oil prices
2015-10-31 08:42:30| Chemicals - Topix.net
Exxon Mobil Corp. posted its worst third quarter in 12 years due to low oil prices but still earned $4.24 billion, beating Wall Street expectations. Exxon's earnings from exploration and production continued to slide, especially in the United States.
Exxon 3rd quarter profit falls by nearly half amid low oil prices
2015-10-31 08:20:34| Oil & Gas - Topix.net
Exxon Mobil Corp. posted its worst third quarter in 12 years due to low oil prices but still earned $4.24 billion, beating Wall Street expectations. Exxon's earnings from exploration and production continued to slide, especially in the United States.
Deckers Brands Q2 profit falls despite record sales
2015-10-30 11:53:00| Daily apparel & textile news and comment - from just-style.com
Apparel and footwear group Deckers Brands has said it is "pleased" with its second-quarter performance despite posting a double-digit decline in second-quarter net profit, weighed down by foreign exchange headwinds.
Tags: sales
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