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Yahoo! profits still lower as revenue falls 5%
2013-10-16 08:59:00| Telecompaper Headlines
(Telecompaper) Yahoo! reported third-quarter net profit down 89 percent to USD 0.28 per share, after booking a gain the year-earlier period on the sale of Alibaba shares. Excluding the one-time items, profit fell 24 percent to USD 358 million. Revenue declined 5 percent to USD 1.1399 billion and was down 1 percent to USD 1.081 billion when excluding traffic acquisition costs. Display revenue fell 7 percent to USD 470 million due to pressure on ad prices, and search revenue was down 8 percent to USD 435 million on a lower price per click. Yahoo's adjusted EBITDA fell 19 percent to USD 331 million, and operating profit was down 39 percent to USD 93 million. CEO Marissa Mayer said she was still pleased with the company's execution, as it continues to invest in improving products and and made eight acquisitions during the quarter. The site's user base has grown 20 percent in the past 15 months to over 800 million monthly users, she said. After spending USD 1.7 billion share repurchases in the quarter, Yahoo had USD 3.2 billion in cash remaining at the end of September.
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Coca-Cola's quarterly profits rise
2013-10-15 17:32:35| BBC News | Business | UK Edition
Coca-Cola, the global drinks giant, reports a rise in quarterly profit despite tough trading conditions in global markets.
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Citigroup profits in slight fall
2013-10-15 14:51:42| BBC News | Business | UK Edition
US bank Citigroup sees profits for the third quarter fall from the previous three months as trading slows.
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GLOBAL: Coca-Cola Co sees nine-month profits drop
2013-10-15 14:37:42| Daily beverage news and comment - from just-drinks.com
The Coca-Cola Co has reported a single-digit drop in nine-month net profits and sales, but global volumes rose.
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Hog Profits Return as Feed Prices Fall
2013-10-11 16:27:00| National Hog Farmer
Source: Purdue University This fall is proving vastly different from last year as falling feed prices are returning hogs to profitability, and a reduction in slaughter numbers seems to show that producers are noticing, Purdue Extension agricultural economist Chris Hurt says. Major drought in 2012 ransacked the nation's feed crops, sending livestock feed prices sky high and driving hog producers to quickly send animals to slaughter. With a record-large corn crop expected this year, feed prices have been decreasing, which has turned around the outlook for hog profits. read more
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