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Tag: strong
Samsung Q1 profit up 42% on strong mobile sales
2013-04-26 08:40:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported a strong increase in first-quarter results, led by its mobile phone activities. Revenues rose 17 percent from a year earlier to KRW 52.9 trillion, and operating profit improved to KRW 8.78 trillion from KRW 5.69 trillion a year ago. Net profit rose to KRW 7.15 trillion from KRW 5.05 trillion. The growth was due entirely to its IT and telecom division, where sales rose to KRW 32.82 trillion from KRW 22.47 trillion a year earlier, and operating profit increased to KRW 6.51 trillion from KRW 4.18 trillion. Samsung said the handset and tablet markets were lower compared to the strong fourth quarter, but its own sales and earnings increased thanks to lower marketing costs and solid sales of devices such as the Galaxy S III, Note 2 and Tab 2 series. The weak seasonality is expected to continue in Q2, with demand picking up from the second half of the year. Developed markets will be led by demand for LTE phones, while more low-end devices should support sales in emerging markets.
Tags: sales
mobile
strong
samsung
Sappi Fine Paper North America Continues Strong Record Of Capital Investments In The Coated Paper Business
2013-04-26 06:24:19| pulpandpaperonline News Articles
Sappi Fine Paper North America today announced the most recent completion of a series of coated papercapital investment projectsduring its 2013 fiscal year, a significant move by the company to maintain and strengthen its leadership position and take advantage of growth opportunities in the coated paper market
Tags: business
north
paper
record
Ford Earnings are Strong for First Quarter 2013
2013-04-25 09:00:54| AutomotiveDigest.com - Automotive Industry News
Ford earnings for the first quarter 2013 are driven by highest North American profit in more than a decade, according to the earnings report. Get the details on strong first quarter returns for Ford Motor Co. [More]The Article Ford Earnings are Strong for First Quarter 2013 appeared first on Automotive Digest.
Tags: strong
ford
quarter
earnings
Qualcomm raises FY outlook again after strong Q2
2013-04-25 08:39:00| Telecompaper Headlines
(Telecompaper) Qualcomm raised its outlook for annual results after reporting strong figures for the March quarter. The chipmaker recorded revenues of USD 6.12 billion in its fiscal second quarter, up 24 percent year-over-year and 2 percent sequentially. MSM shipments reached 173 million units, up 14 percent from a year ago and down 5 percent from the fourth quarter. Operating profit improved 24 percent from a year earlier to USD 1.88 billion, while net profit fell 16 percent to USD 1.87 billion or USD 1.06 per share. The figures were at the top of the company's earlier guidance. Operating cash flow rose 17 percent to USD 2.22 billion, and Qualcomm finished March with a total USD 30.5 billion in cash. For the third quarter, the company forecast sales up 25-36 percent to USD 5.8-6.3 billion and EPS up 16-28 percent to USD 0.80-0.88. The company said it sees strong demand for its Snapdragon 600 and 800 processors as well as higher shipments in the overall mobile market. Full-year sales are expected to increase 26-31 percent to USD 24-25 billion, versus an earlier outlook of USD 23.4-24.4 billion, and the forecast for annual EPS was increased to USD 3.78-3.93 from USD 3.61-3.81. Qualcomm also raised its forecast for 3G/4G device shipments over the calendar year 2013, to 1.015-1.085 billion from 1.00-1.07 billion previously.
Tags: strong
outlook
raises
q2
Nikkei vaults to nearly 5-year highs, aided by weak yen, strong U.S. earnings
2013-04-24 20:50:46| Electronics - Topix.net
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