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Tag: cuts
CSX Profit Meets Estimates as Cost Cuts Help Offset Coal Slump
2016-04-14 09:17:03| Railroads - Topix.net
CSX Corp.'s first-quarter profit met analysts' estimates as cost cuts helped make up for a drop in coal and oil carloads at the largest railroad in the eastern U.S. Earnings fell to 37 cents a share from 45 cents a year earlier, CSX said in a statement Tuesday, in line with the average of 25 forecasts compiled by Bloomberg. Sales fell 14 percent to $2.62 billion.
Tags: cost
profit
estimates
meets
Juniper Networks Cuts Guidance for March Quarter
2016-04-12 23:00:54| Telecom - Topix.net
Juniper Networks Inc. said its results for the March quarter would disappoint, as it faced weaker demand and unfavorable timing of customers' adopting its products. The Silicon Valley company said that for the quarter ended March 31, it expects to report adjusted profit of 35 cents to 37 cents per share on $1.09 to $1.10 billion in revenue.
Tags: march
networks
quarter
guidance
IMF cuts global growth outlook again
2016-04-12 15:00:31| BBC News | Business | UK Edition
The International Monetary Fund (IMF) has once again lowered its forecasts for the world economy, expecting just 3.2% growth this year.
Tags: global
growth
outlook
cuts
China Auto Sales Bounce in First Quarter on Tax Cuts, Discounts
2016-04-11 21:18:39| Auto Dealers - Topix.net
China's automobile market, an engine of the country's expanding economy, rose 5% in March and 6.8% in the first quarter , with sales beating estimates and raising hopes for manufacturers that stimulus measures are working to accelerate growth. Slowing auto sales last year were a key factor in China's overall economic sluggishness, with negative repercussions spreading to investors and markets worldwide.
ING Groep Cuts Position in Broadcom Co.
2016-04-10 07:10:55| Semiconductors - Topix.net
ING Groep lowered its stake in shares of Broadcom Co. by 95.4% during the third quarter, Holdings Channel reports.
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