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Progressive Waste Posts Stronger Profits but Lower Revenue in Period

2014-07-25 17:05:00| Waste Age

Progressive Waste Solutions Ltd. reported stronger earnings but lower revenue for its second quarter and first half. read more

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Statoil Profit Drops 12% in Second Quarter on Lower Output

2014-07-25 13:54:43| Oil & Gas - Topix.net

Statoil ASA, Norway's biggest energy company, said profit fell 12 percent in the second quarter as gas prices slid and output sank on maintenance and asset sales.

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Bristol 2Q net drops on lower drug sales, charges

2014-07-24 16:50:44| Biotech - Topix.net

Bristol-Myers Squibb Co.' s exit from the diabetes business, plus higher taxes and research spending, combined to slash the drugmaker's second-quarter profit by 38 percent, but the company handily beat Wall Street's muted profit expectations.

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Telecom Rogers Communications posts lower Q2 net earnings on flat revenues

2014-07-24 14:46:32| Telecom - Topix.net

Rogers Communications Inc. has reported a lower second-quarter net income of $405 million, or 76 cents per diluted share, while the telecom company struggled to add more wireless customers.

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Nokia Q2 results still lower, sees better H2

2014-07-24 08:43:00| Telecompaper Headlines

(Telecompaper) Nokia reported lower sales and operating profit in the second quarter, but said its main Networks division should do better over the full year. In the first quarter since the sale of its handset business, Nokia posted revenues of EUR 2.94 billion, down 7 percent from a year earlier on a pro forma basis. Adjusted operating profit fell 19 percent to USD 347 million, while the net loss narrowed slightly, to USD 0.01 per share from USD 0.02. Nokia Networks achieved an adjusted operating margin of 11.8 percent, and Nokia said it now expects the division to exceed its long-term target of 5-10 percent this year. Networks should also return to revenue growth in the second half of the year. Total profit was still down at the networks division in Q2, to EUR 281 million from EUR 328 million a year ago, and net sales dropped to EUR 2.6 billion from EUR 2.8 billion. Excluding currency effects and divestments of non-core businesses, sales at Nokia Networks would have increased 1 percent year-on-year. Nokia otherwise benefited from increased licence revenue from Microsoft nthe quarter, as well as the proceeds from the handset sales. This left the company with net cash of EUR 6.5 billion at the end of June. It also paid off EUR 1.5 billion in convertible bonds from Microsoft and EUR 950 million in Nokia Networks debt, leaving it with no remaining financial covenants.  

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