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HP quarterly results lower, names new Enterprise chief
2013-08-22 09:08:00| Telecompaper Headlines
(Telecompaper) HP reported adjusted EPS of USD 0.86 for its fiscal third quarter, down 14 percent from a year earlier and in line with its outlook of 84-87 cents. Reported earnings for the three months to 31 July were better than expected, at USD 0.71 per share versus a loss of USD 4.49 a year earlier. Revenues fell 8 percent year-on-year to USD 27.2 billion, led by a decline in the consumer PC market and a weaker enterprise equipment and services segment. Operating cash flow was down 6 percent to USD 2.7 billion. The company maintained its outlook for full year adjusted EPS of USD 3.53-3.57. In addition it announced the appointment of COO Bill Veghte as general manager of the Enterprise group, a role that will also now include managing the group's cloud services. He replaces Dave Donatelli, who will take a new role focused on identifying early-stage technologies and working with venture capital firms. No new COO will be appointed for the moment.
Tags: results
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Heineken H1 profits fall on lower sales volumes
2013-08-21 14:31:53| Beverages - Topix.net
Heineken NV issued a gloomy earnings report Wednesday, saying first half profit fell 17 percent because of bad weather, weak "consumer sentiment" in Europe and the United States, and slowing growth in developing countries.
Tags: sales
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Heineken profits fall on lower sales
2013-08-21 10:08:54| BBC News | Business | UK Edition
Poor weather in Europe and the US contributes to a fall in profits at Heineken, the world's third-largest brewer.
Tags: sales
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NAB Profit Rises on Mortgage Growth, Lower Bad Debt Cost
2013-08-20 07:21:44| Automakers - Topix.net
National Australia Bank Ltd. , the best performing stock among the nation's four-biggest lenders this year, said third-quarter cash earnings rose 7 percent on mortgage growth, improved margins and lower bad-debt charges.
Toronto stock market moves lower after strong gain, oil and metals decline
2013-08-20 06:45:56| Apparel - Topix.net
The Toronto stock market headed lower Monday morning, led by declining oil and mining stocks as investors nibbled at profits from last week's sharp runup.
Tags: market
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