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Wall Street expects big third quarter profits for Tyson Foods
2015-07-31 01:59:16| Food - Topix.net
Analysts predict Tyson Foods will earn $387 million in fiscal third quarter net income, a gain of 45% from the year-ago period. That equates to 93 cents per share, a healthy increase from 75 cents reported in the 2014 third quarter.
Mazda's profits fall, but sales rise
2015-07-30 09:51:26| BBC News | Business | UK Edition
Japanese car maker Mazda reports a drop in operating profit, but sees strong growth in sales.
Samsung Q2 profits fall as smartphone growth slows
2015-07-30 08:49:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported second-quarter net profit down to KRW 5.75 trillion from KRW 6.25 trillion a year ago, hurt by weaker results in consumer electronics and mobile phones. Revenues fell to KRW 48.54 trillion from KRW 52.35 trillion a year ago, and operating profit dropped to KRW 6.90 trillion from KRW 7.19 trillion. At the mobile division, revenues of KRW 26.06 trillion were up 1 percent from the first quarter but fell compared to KRW 28.45 trillion in the year-earlier period. Operating profit at the division nearly halved year-on-year, to KRW 2.76 trillion from KRW 4.42 trillion. Samsung said the sequential improvement in results was thanks to the launch of the Galaxy S6 smartphone, which helped increase the average selling price. However, smartphone shipments were still down compared to the previous quarter, as the S6 could not offset slower sales in the low-end and mid-range markets. Samsung said it expects growth in the smartphone market to slow in the second half of the year, with only a small sequential increase in sales in Q3. It plans to focus on the high end of the market, with strategic pricing of the S6 and launching more large-screen models. This should help grow smartphone shipments from Q3 while tablet sales are expected to remain flat.
Tags: fall
growth
samsung
profits
Facebook revenues up 39% on mobile expansion, profits lower
2015-07-30 07:38:00| Telecompaper Headlines
(Telecompaper) Facebook reported second-quarter revenues up 39 percent year-on-year to USD 4.04 billion, while profits fell due to a sharp rise in costs and provisions for taxes. Operating profit dropped 8 percent to USD 1.27 billion, after an 82 percent increase in operating costs, and net profit was down 9 percent to USD 719 million, including a provision of USD 554 million for taxes. Adjusted EPS was still up 16 percent to USD 0.50. Revenues continued to benefit from the company's expanding mobile customer base, with mobile now making up 76 percent of advertising revenue 62 percent a year ago. Monthly active users on mobile reached 1.31 billion in the quarter, up 23 percent year-on-year, compared to total monthly users of the social network of 1.49 billion, up 13 percent. On a daily basis, 968 million used the social network, including 844 million over mobile, up 24 percent from a year ago. Facebook finished the quarter with USD 14.1 billion in cash, after free cash flow of USD 1.33 billion.
Tags: mobile
lower
expansion
profits
GlaxoSmithKline sees big profits fall
2015-07-29 17:09:33| BBC News | Business | UK Edition
Pharmaceuticals giant GlaxoSmithKline (GSK) sees a big fall in second-quarter earnings amid continued pressure from generic drugmakers.
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