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Tag: lowers outlook
Sony lowers smartphone outlook on weak emerging market sales
2014-07-31 10:06:00| Telecompaper Headlines
(Telecompaper) Sony reported higher revenues and a strong improvement in profit in the fiscal first quarter to June, driven by sales of its new Playstation. Revenues were up 5.8 percent year-on-year to JPY 1.81 trillion, helped by the launch of the Playstation 4 late last year as well as stronger film proceeds and currency effects. This offset the exit of the PC business and lower smartphone sales. Despite an increase in restructuring costs for the PC shutdown and an impairment charge on its LCD TV business, Sony's operating profit nearly doubled year-on-year to JPY 69.8 billion, thanks to a return to profit in the gaming business. Net profit jumped to JPY 26.8 billion from JPY 3.1 billion a year ago. The Mobile Communications division recorded sales up 10.1 percent to JPY 314.3 billon, or 2 percent higher excluding currency effects. Smartphone revenues were higher due to the forex effect, but unit sales decline to 9.4 million from 9.6 million a year earlier. Sony lowered its outlook for full-year smartphone sales due to weakness in the mid-range market, saying growth in emerging markets was not as strong as expected. It now expects to sell only 43 million smartphones this year, versus a forecast of 50 million in May. In light of the market developments, the company started a review of its mid-range plan for the mobile business. Despite the downgrade in the mobile outlook, Sony maintained its full-year forecast, thanks to stronger-than-expected results from gaming and image sensors.
TeliaSonera lowers revenue outlook on tough Spanish market
2014-07-17 09:29:00| Telecompaper Headlines
(Telecompaper) TeliaSonera has cut its full-year revenue outlook, due mainly to lower handset sales at its Spanish unit Yoigo. While it previously expected flat organic sales this year, it now sees a small drop compared to 2013. Organic sales fell 1.2 percent in the second quarter and were down 1.5 percent in the first half of the year. TeliaSonera still expects to maintain a stable EBITDA margin of 35 percent and spend around 15 percent of revenues on capital expenditure. In the second quarter, both reported and organic revenues (excluding currency effects, disposals and acquisitions) fell 1.2 percent to SEK 25.02 billion, due mainly to lower equipment sales. Organic service revenues were down just 0.4 percent. Adjusted EBITDA for the group fell 1.0 percent to SEK 8.84 billion, resulting in a stable margin of 35.3 percent. Due to lower income as well as asset writedowns at its Eurasia activities, net profit fell 12.1 percent to SEK 3.55 billion.
Tags: market
spanish
revenue
outlook
US: L Brands lowers outlook despite Q1 profit growth
2014-05-22 18:01:00| Daily apparel & textile news and comment - from just-style.com
L Brands, formerly Limited Brands, has lowered the top end of its full-year earnings guidance, despite booking a increase in first-quarter net profit.
Tags: growth
brands
profit
outlook
Deutsche Telekom lowers cash flow outlook on US investment
2014-03-06 01:00:00| Total Telecom industry news
German incumbent in bid to maintain positive momentum in customer, revenue growth at T-Mobile US.
Tags: cash
flow
investment
deutsche
Hog Outlook: USDA Decreases Lowers 2014 Pork Production Forecast
2014-01-13 01:00:00| ThePigSite - Industry News
US - Although the trade was expecting a slight increase, USDA's January supply and demand report (WASDE) trimmed the size of the 2013 corn crop by 64 million bushels to 13.925 billion, according to Ron Plain and Scot Brown.
Tags: production
outlook
decreases
forecast
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