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3M posts positive fourth quarter, beats Street estimates
2015-01-27 17:28:42| Chemicals - Topix.net
Maplewood-based 3M Co. exceeded analysts' profit expectations by a penny when it reported fourth quarter earnings Tuesday that saw sales growth across all regions of the conglomerate.
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Swiss drug maker Novartis posts Q4 profit drop
2015-01-27 10:32:29| Biotech - Topix.net
Swiss pharmaceutical giant Novartis AG says fourth quarter net income dropped 26 percent but the company still posted a healthy 2014 annual profit. The Basel, Switzerland-based company said Tuesday that fourth quarter net income came in at $1.49 billion, down from $2 billion in the same quarter the year before excluding its blood-transfusion diagnostics unit, which it sold in 2013.
Tigerair posts first quarterly profit in over a year
2015-01-26 07:40:15| Airlines - Topix.net
Tigerair made a profit after tax of S$2.2 million for the quarter ended Dec 31, 2014, turning around from a loss after tax of S$118.5 million in the same period a year ago. SINGAPORE: Local budget carrier Tiger Airways Holdings posted its first quarterly profit in over a year on Monday , helped by a cutback in capacity that helped it fill a larger proportion of its seats.
Kimberly-Clark Posts Not So Impressive Fourth Quarter Results
2015-01-25 02:34:46| Paper - Topix.net
Kimberly-Clark is a leading brand recognized in more than 175 countries employing 42,500 employees working at manufacturing facilities in 37 countries. Its flagship brands include Huggies, Kleenex, Kotex, etc.
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Verizon posts Q4 loss on pension charges, margin pressure
2015-01-22 17:06:00| Telecompaper Headlines
(Telecompaper) Verizon Communications reported fourth-quarter revenues of USD 33.2 billion, up 6.8 percent year-over-year. The US operator posted a net loss of USD 0.54 per share, versus a profit of USD 1.76 a year earlier, due to a number of one-time charges for retirement benefits and financing costs. Excluding these items, EPS rose 7.6 percent year-on-year to USD 0.71. Over the full year, revenues increased 5.4 percent to USD 127.1 billion, helped by new revenues streams from the Internet of Things and telematics, which grew 45 percent to USD 585 million. Free cash flow totalled USD 13.4 billion, after capital expenditures increased 3.5 percent to USD 17.2 billion. For 2015, Verizon targets revenue growth of at least 4 percent and an adjusted EBITDA margin in line with the full-year 2014 performance. Capital spending is projected to increase slightly to USD 17.5-18.0 billion.
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