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CGI Group posts 1Q profit, results top Wall Street estimates
2016-01-27 16:17:45| IT Services - Topix.net
The Montreal-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring costs, came to 63 cents per share.
Nordea posts bigger-than-expected profit fall
2016-01-27 11:12:36| Appliances - Topix.net
Nordea Bank AB , the Nordic region's biggest lender, Wednesday reported a bigger-than-expected fall in fourth-quarter net profit as negative interest rates weighed on its earnings. Net profit at the Stockholm-based bank fell to EUR848 million in the three months ending Dec. 31, from EUR877 million in the same period a year ago.
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Canadian National posts 4Q profit, results top Wall Street forecasts
2016-01-27 04:05:38| Railroads - Topix.net
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
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LG Electronics posts 4Q loss as mobile business struggles
2016-01-26 11:10:48| Electronics - Topix.net
South Korea's second-largest consumer electronics company said Tuesday it had a net loss of 140.4 billion won for the October-December period, compared with a net loss of 205.7 billion won a year earlier. Quarterly sales fell 5 per cent to 14.6 trillion won.
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LG posts Q4 loss on flat smartphone sales
2016-01-26 08:29:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported improved operating profit for the fourth quarter compared to a year earlier, as better margins in TVs and home appliances helped offset losses at its mobile phone business. The company's operating profit rose 27 percent year-on-year to KRW 349 billion. Sales were still down 4.7 percent to KRW 14.56 trillion, and the bottom line was a net loss of KRW 141 billion, due to losses at LG Display. At the mobile phone business, sales were flat year-on-year at KRW 3.8 trillion, and the operating margin was a negative 1.2 percent, the second consecutive quarter in the red. Worldwide, LG shipped a total of 15.3 million smartphones in the quarter, contributing to a total of 59.7 million units in 2015, a slight increase from the 59.1 million in 2014. LG said it expects the smartphone marketplace to be increasingly competitive in 2016 amid new premium models from competitors and further price competition in the mass-market tier. The introduction of two new flagship models and a more cost-competitive value chain is expected to improve the company's profitability in 2016.
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