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Vodafone lifts earnings outlook higher as trading improves
2014-11-11 12:01:39| Telecom - Topix.net
Vodafone nudged its forecasts for core earnings higher on Tuesday after reporting a sharp improvement in its main quarterly revenue measurement helped by growing demand for mobile services in its big European markets. The British group reported second-quarter organic service revenue, which strips out items like handset sales and currency movements, down 1.5 percent, compared with the near 4 or 5 percent falls it recorded in the last six quarters.
Tags: higher
trading
outlook
earnings
Vodafone improves outlook as drop in revenue slows
2014-11-11 08:25:00| Telecompaper Headlines
(Telecompaper) Vodafone has raised its full-year outlook after its second-quarter results showed improving trends. The drop in organic service revenues slowed to 1.5 percent in the three months to September, versus 4.2 percent in the first quarter of the fiscal year. Service revenue in Europe was down 5.0 percent, while the AMAP region improved to 6.8 percent growth. Total revenues for the first half were up 8.9 percent to GBP 20.75 billion, helped by currency effects. EBITDA increased 5.5 percent to GBP 5.88 billion. Adjusted operating profit was still down 29.5 percent to GBP 1.76 billion, and net profit dropped 69.5 percent to GBP 5.50 billion, hurt by a number of one-time charges for restructuring and acquisitions. For the full year to March 2015, Vodafone now targets EBITDA of GBP 11.6-11.9 billion, at the high end of its earlier outlook of GBP 11.4-11.9 billion. Free cash flow is expected to turn positive over the year, after a breakeven result in H1. Capital expenditure nearly doubled in the first half to GBP 3.9 billion as Vodafone's Project Spring investments got well under way. Vodafone expects to spend a total GBP 16 billion in the two years to March 2016. The operator took European 4G coverage to 59 percent at the end of September and now counts 10.5 million 4G customers across the group. This is still just a fraction of its total 438.5 million customers.
Tags: drop
revenue
outlook
vodafone
Fresh records on Wall Street as US outlook improves
2014-11-10 22:29:45| IT Services - Topix.net
Wall Street climbed, with the Dow and the S&P 500 touching record highs, amid optimism about the outlook for the US economy and corporate profits. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.13 percent, the Standard & Poor's 500 Index advanced 0.19 percent, while the Nasdaq Composite Index gained 0.18 percent.
Tags: street
records
wall
fresh
More Hawaii visitors to Downtown Las Vegas improves Boyd Gaming's bottom line
2014-11-05 03:23:07| Trucking - Topix.net
Hawaii residents may travel to Las Vegas to win big at the casinos, but other companies are lining their pockets thanks to visitors to the ninth island. In Boyd Gaming's third quarter earnings report, the company said its Downtown Las Vegas had net revenues of $53.4 million in 2014, up 1.3 percent from the same quarter a year ago.
SwapTank System Reduces Costs and Improves Hygiene, Accuracy
2014-11-04 01:00:00| ThePigSite - Industry News
GERMANY - With the SwapTank system, Big Dutchman says it is introducing a true innovation for the residue-free liquid feeding of pigs at EuroTier 2014.
Tags: system
costs
accuracy
reduces
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