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Level 3 swings to loss on charges
2015-07-29 15:22:02| Telecom - Topix.net
Level 3 Communications Inc. on Wednesday said it swung to a second-quarter loss on charges related to its efforts to improve its balance sheet, halting a string of six straight quarters of profits. Shares of the Broomfield, Colo., telecommunications-services provider fell 1.8% to $51.57 in recent premarket trading, as the company's revenue fell short of analysts' estimates.
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Nintendo swings to first-quarter operating profit; analysts expected loss
2015-07-29 09:37:41| Electronics - Topix.net
Nintendo Co reported a surprise first-quarter operating profit, helped by a weaker yen and strong sales of its "amiibo" figurines which are sold as accessories to their popular games. Nintendo swung to an April-June operating profit of 1.1 billion yen from a loss of 9.5 billion yen a year earlier.
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Twitter narrows net loss as Q2 revenues lift to USD 502 mln
2015-07-29 07:46:00| Telecompaper Headlines
(Telecompaper) Twitter reported second-quarter revenues of USD 502 million, up 61 percent from the year-earlier figure and above its guidance of USD 470-485 million. Without forex effects, revenues would have increased 68 percent. Advertising revenues rose 63 percent from the year before to USD 452 million, with mobile advertising revenues making up 88 percent of the total. The net loss narrowed to USD 137 million or 21 cents a share from 145 million or 24 cents a share the year earlier. Adjusted EBITDA exceeded the company's target for Q2, coming in at USD 120 million from 54.1 million, representing an adjusted EBITDA margin of 24 percent. Twitter CEO Dick Costolo was pleased with the good progress in monetization but was not satisfied with audience growth. In order to realise its full potential, the CEO said the company had improve in three key areas: it needed to ensure more disciplined execution, simplify its service to deliver value faster, and better communicate that value.
AK Steel reports 2Q loss
2015-07-28 15:41:49| Steel - Topix.net
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
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steel reports
Knowles shares gain after loss narrows
2015-07-28 00:49:17| Industrial Machines - Topix.net
For the current quarter, the former consumer-electronics unit of Dover Corp. projects profit of seven cents to 15 cents a share and revenue of $285 million to $305 million, including the effect of its recent acquisition of Audience Inc. Analysts surveyed by Thomson Reuters had projected a profit of 28 cents a share with $290.7 million in revenue. Chief Executive Jeffrey Niew said company officials estimate Audience, part of Knowles' mobile consumer unit, will bolster sales by about $10 million but also cost the company about 18 cents a share in profit.
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