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Texas Instruments posts slightly higher Q2 profit on lower revenue, warns of a worse Q3
2015-07-23 00:40:57| Electronics - Topix.net
As Texas Instruments Inc. warned three months ago, its second-quarter financial results were lukewarm and it forecast that the July-to-September quarter will be even worse. The Dallas-based chipmaker today reported a slightly higher second-quarter profit on lower revenue as the company continued to battle weak demand in certain areas and big drops in foreign currency exchange rates relative to the strong U.S. dollar.
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Verizon profit edges higher, revenue misses
2015-07-21 14:27:50| IT Services - Topix.net
Verizon Communications Inc.'s profit edged in above Wall Street expectations in the second quarter, while its subscriber growth was again propped up by tablet additions. The wireless carrier said it added 1.1 mainstream wireless subscribers in the quarter, coming in above the 1.06 million net additions analysts at Wells Fargo had expected.
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Heinz reports lower revenue, higher net income
2015-05-11 01:52:29| Food - Topix.net
Packaged foods giant H.J. Heinz Co., which is merging with Kraft Foods Group Inc., reported a 12% drop in revenue in the first quarter hurt by foreign currency exchange rates and inventory buildup in the year-ago period. Heinz, owned by Brazilian private-equity firm 3G Capital Partners LP's, shipped safety stock to retailers ahead of the launch of its data-analytic push in North America in the second quarter of 2014.
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Texas Instruments posts higher first-quarter profit and revenue on auto and industrial strength
2015-04-23 10:54:17| Semiconductors - Topix.net
Texas Instruments Inc. posted higher profits and revenue based on strong automotive and industrial markets, but the company expects a tougher current quarter. The chipmaker today reported that its first-quarter net profit jumped 35 percent to $656 million, or 61 cents per share, from $487 million, or 44 cents per share, a year earlier.
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Cogeco Cable, parent, both report higher Q2 revenue, but profit drops
2015-04-09 08:15:52| Telecom - Topix.net
Cogeco Cable Inc. and its parent, Cogeco Inc. , have both reported increases in revenue in the second quarter, but say net profits declined as a result of depreciation and other expenses. Montreal-based Cogeco Cable, which provides television, Internet and telephone services to customers in Quebec, Ontario and parts of the United States, reported after markets closed Wednesday that net profit fell to $58.9 million or $1.19 per diluted share from $60.4 million or $1.23 per share in the same 2014 period.
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