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United Tech posts big 2Q profit, revenue gains
2013-07-23 15:48:57| Industrial Machines - Topix.net
The aerospace and building systems conglomerate is benefiting from its $18.4 billion purchase of Goodrich, and subsidiary Pratt & Whitney's $1.5 billion deal to buy Rolls-Royce out from a joint venture that makes engines for the Airbus A320.
UPS posts lower second-quarter profit
2013-07-23 14:59:11| Trucking - Topix.net
United Parcel Service Inc on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.
UPS posts lower second-quarter profit
2013-07-23 14:57:55| Air Courier - Topix.net
United Parcel Service Inc on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.
AutoNation posts 14 pct profit rise for 2Q
2013-07-18 19:01:13| Auto Dealers - Topix.net
AutoNation, the country's largest car dealership chain, made optimistic predictions for the next year as its second-quarter earnings rose 14 percent on strong growth in all of its business units.
TeliaSonera posts small rise in organic sales, profit lower
2013-07-17 08:59:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported a small drop in profits for the second quarter, but returned to organic revenue growth. Net sales in local currencies, excluding acquisitions and disposals, increased 0.4 percent, and EBITDA on an organic basis was up 3.3 percent. In reported currency, sales decreased 3.9 percent to SEK 25.274 billion, and EBITDA was down 1.2 percent to SEK 8.928 billion. The EBITDA margin improved to 35.3 percent from 34.4 a year ago thanks to cost reductions. Net income fell 16.9 percent to SEK 4.031 billion, while free cash flow rose to SEK 4.462 billion from SEK 3.062 billion. TeliaSonera reiterated its full-year outlook, for flat sales on an organic basis, an EBITDA margin slightly higher than last year's 34.5 percent and capex at 14 percent of sales. The latter is expected to accelerate in the second half of the year, after 11.9 percent in H1, and TeliaSonera said it will continue to invest in 4G and mobile coverage as well as target fibre acquisitions to meet strong demand in Sweden for the faster services. The effects of the cost savings programme announced at the end of last year will also be visible in the second half, with much of the job cuts already completed. In total the operator targets EUR 2 billion in cost reductions by the end of 2014.
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