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Tag: falls
EBay profit falls after PayPal split
2015-10-21 22:56:10| BBC News | Business | UK Edition
EBay's profits for the third quarter fell slightly in the wake of its recent split from fast-growing payments business PayPal.
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SEB profit falls as negative rates bite
2015-10-21 08:47:11| Appliances - Topix.net
Skandinaviska Enskilda Banken AB , the Nordic region's largest corporate lender, reported a bigger-than-expected 38% drop in third-quarter net profit on Wednesday, as negative interest rates and low corporate-deal activity hurt its main revenue lines. Net profit at the Stockholm-based bank fell to 3.4 billion Swedish kronor in the three months ending Sept.
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Embattled Danbury company falls short of sales expectations
2015-10-21 03:49:15| Furniture - Topix.net
A preliminary financial report issued by Ethan Allen this week shows the company met expectations in terms of earnings for the first quarter of the year but fell short of analyst expectations for sales in the quarter. Ethan Allen, which is in the middle of a proxy fight levied by activist investor Sandell Asset Management, a Manhattan based hedge fund, announced late Monday that earnings for the first quarter will be in the range of 45 cents per share but also reported that sales during the quarter were flat from the same time period last year, when the company reported sales of about $190 million.
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IBM revenue falls more than expected, cuts profit forecast
2015-10-20 21:55:32| Semiconductors - Topix.net
International Business Machines Corp posted a bigger-than-expected drop in revenue for the fifth straight quarter, hurt by a strong U.S. dollar, and cut its full-year profit forecast, sending its shares lower. A man passes by an illuminated IBM logo at the CeBIT computer fair in Hanover February 27, 2011.
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America Movil Q3 revenues up 1.2%, EBITDA falls
2015-10-20 10:02:00| Telecompaper Headlines
(Telecompaper) America Movil announced that its third-quarter revenues were up 1.2 percent from the prior year to MXN 223.6 billion. Service revenues fell 0.6 percent excluding currency effects, similar to the Q2 performance, as the drop in voice revenues offset accelerating data revenues. EBITDA fell 8.2 percent over the same period to MXN 66.7 billion, hurt by currency depreciation in countries such as Brazil and Colombia. America Movil noted that Central America has now become its fastest growing region, due to the economic slowdown in South America. Operating profit reached MXN 35.2 billion, down 17.5 percent from a year earlier, and the net result moved to a loss of MXN 2.1 billion versus a profit of MXN 17.2 billion as financing costs increased and the company became a net taxpayer. Net debt increased by MXN 61.3 billion compared to the end of 2014, mainly due to reclassifying the KPN investment as an asset for sale. Net debt equaled 1.8 times EBITDA at the end of Septmber. In the first nine months of the year, the company funded capital expenditures totaling MXN 105.7 billion.
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