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Chevron profit beats expectations, cost cuts offset cheap oil
2015-05-01 20:27:30| Oil & Gas - Topix.net
Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact of tumbling oil prices. A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013.
UPM's profit beats view on cost cuts, FX gains
2015-04-28 10:11:03| Paper - Topix.net
Finnish paper maker UPM-Kymmene Oyj Tuesday posted better-than-expected net profit for the first quarter as cost-cutting measures and currency tailwinds helped it offset the negative impact of lower paper prices and delivery volumes. UPM's net profit for the three months ended March.
CNOOC posts 6.5% rise in 2014 profit, vows cost cuts amid low oil prices
2015-03-27 14:51:16| Oil & Gas - Topix.net
CNOOC, China's third largest oil company, reported a net profit of 60.2 billion yuan for last year, up from 56.5 billion yuan a year earlier. That beat a consensus forecast of 52.3 billion yuan from 23 analysts polled by Thomson Reuters.
Deere cuts profit outlook
2015-02-21 23:20:59| Industrial Machines - Topix.net
Deere & Co., the largest maker of farm equipment, cut its 2015 earnings forecast as lower crop prices reduce farmer spending on high-horsepower tractors and combines in North America. Net income will be about $1.8 billion in the fiscal year through October, Moline, Illinois-based Deere said Friday in a statement.
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Honda cuts profit target as Takata air bag recalls bite
2015-01-30 09:34:43| Automakers - Topix.net
Japan's Honda Motor Co sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty air bags made by Takata Corp. Reporting its third-quarter earnings fell by nearly a quarter as it soaked up recall costs, Japan's third-largest automaker said it now expects an operating profit of 720 billion yen for the year to March 31. It previously forecast 770 billion yen, but has set aside an extra 50 billion yen to cover what it said were quality-related costs including the Takata air bag recalls.
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