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Qualcomm profit falls less than expected, sees better H2
2016-01-27 23:01:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported a smaller-than-expected drop in profit for its fiscal first quarter to December, citing strong 3G/4G device shipments and its cost-cutting efforts. Revenues were still down 19 percent year-on-year to USD 5.8 billion, while net profit dropped 24 percent to USD 1.5 billion. EPS declined 15 percent to USD 0.99, a smaller drop than the 23-32 percent forecast earlier by the company. For fiscal Q2, Qualcomm forecast a further drop in sales, of 17-29 percent on an annual basis to USD 4.9-5.7 billion. EPS is expected to improve 10-25 percent from a year earlier to USD 0.90-1.00, helped by its share repurchases. The company said design traction for its new Snapdragon 820 processor remains strong, and it expects improving trends in the chipset business in the second half of fiscal 2016.
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China Southern Airlines sees 2015 profit more than doubling
2016-01-26 18:49:53| Airlines - Topix.net
Jan 26 China Southern , the country's largest airline by fleet size, expects its net profit to have more than doubled in 2015 due to increased overseas travel by the Chinese, weak oil prices and lower forex losses as the yuan depreciated. Chinese airlines, such as Air China , China Southern and Spring Airlines, have given positive guidance on profit this week ahead of final annual results due to be announced in March.
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Permasense Sees Impressive Growth in 2015
2016-01-26 16:00:00| Offshore Technology
Permasense, the leading provider of remote corrosion and erosion monitoring solutions to the global energy industry, has announced stellar growth results for 2015 with revenues totalling $10m, a 35% increase year-on-year.
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Siemens sees profit rise sharply in final quarter of 2015
2016-01-25 23:27:19| Industrial Machines - Topix.net
The 2016 shareholder meeting is scheduled for Tuesd... When the California Legislature passed the state's first comprehensive medical marijuana regulations in September, pot advocates hoped the move heralded a new era of trust in their often-tumultuous relationship... When the California Legislature passed the state's first comprehensive medical marijuana regulations in September, pot advocates hoped the move heralded a new era of trust in their often-tumultuous relationship with... The mother of a Texas teenager who was suspended from school for helping a friend who was having an asthma attack says her son won't return to the school.
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Siemens sees profit rise sharply in final quarter of 2015
2016-01-25 22:12:09| Telecom - Topix.net
In this Jan. 23, 2013 file photo flags of German engineering conglomerate Siemens AG fly during a annual shareholder meeting in Munich, southern Germany. The 2016 shareholder meeting is scheduled for Tuesday Jan. 26, 2016 in Munich , southern Germany.
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