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Strong Interest in US Pork at Paris Food Show

2014-10-24 02:00:00| ThePigSite - Industry News

FRANCE - Billed as one of the largest international food shows in the world, SIAL 2014 in Paris is an outstanding venue for showcasing US beef and pork.

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Nucor profit up 66% on strong demand for steel

2014-10-23 18:47:18| Steel - Topix.net

Nucor Corp. said its third-quarter earnings rose 66% on stronger demand for the steelmaker's products, particularly from improving energy and automotive markets. Nucor, which is based in Charlotte, N.C., and operates scrap-based plants known as minimills, recently completed its $770 million purchase of Midwestern steel mill Gallatin Steel Company.

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Dr Pepper Snapple Group boosts FY estimates after strong YTD

2014-10-23 17:07:08| Daily beverage news and comment - from just-drinks.com

Dr Pepper Snapple Group (DPSG) has raised its full-year sales estimates after year-to-date profits jumped on a slight sales rise.

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Nokia raises FY margin outlook after strong Q3

2014-10-23 08:53:00| Telecompaper Headlines

(Telecompaper) Nokia reported strong improvement in third-quarter results, driven by new LTE contracts in North America and China. Net sales rose 13 percent year-on-year to EUR 3.32 billion, and adjusted operating profit was up 33 percent to EUR 457 million. Net profit increased to EUR 760 million from EUR 138 million, and adjusted EPS rose 50 percent to EUR 0.09. The bottom line was impacted by a charge of EUR 1.2 billion to write down the value of goodwill at the location services unit Here. This was offset by a one-time benefit of EUR 2.1 billion on deferred tax assets in Finland and Germany. The strong operating results led to an upgrade in the outlook for Nokia Networks. The company now expects an annual operating margin of around 11 percent, versus its previous forecast for the high end of its long-term target range of 5-10 percent. The margin was 13.5 percent in Q3 and 11.5 percent over the first nine months of the year. The forecast is based on a high proportion of mobile broadband sales in Q3 and an expected higher proportion of service revenues in Q4. 

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Bachoco Reports Strong Performance in Third Quarter

2014-10-23 02:00:00| ThePigSite - Industry News

MEXICO - Commenting on the company's third-quarter results, just published, Industrias Bachoco's CEO reports that stable supply and lower costs in Mexico and the US contributed to higher profits and gross margin than a year ago.

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