July 24, 2014 9:35 am
Nokia announced improving results from the second fiscal quarter and increased its full-year profitability projection, with China networking contracts leading the rally and cost-reduction efforts paying off. According to the statement of Nokia, its net profit over the second three months was reported at €2.51 billion ($3.38 billion) compared to the €226 million loss posted […]
Read moreJuly 24, 2014 8:40 am
AT&T Inc., the second-biggest wireless carrier in the U.S., made an official statement yesterday, posting a 7.2% drop in the second-quarter net income. The companys profit fell short of analysts projections as more clients preferred to pay for devices with instalment plans, which resulted in decreasing the companys profit. The Chief Executive Officer of the […]
Read moreJuly 24, 2014 7:35 am
The biggest social network in the world – Facebook Inc., announced that it more than doubled its earnings over the second financial quarter, with sizable gains for mobile ads. Mark Zuckerberg, CEO of Facebook, commented on the performance of Facebook Inc. on a conference call with analysts: “This is a good quarter for us… [There […]
Read moreJuly 23, 2014 2:28 pm
Boeing Co., made an official statement today, posting its second-quarter results, that surpassed analysts expectations. The company, which is currently the largest plane manufacturer in the world, also raised its full-year profit projection. Boeing Co. made a statement today, saying that it expects its full-year earnings excluding some pension costs to be between 7.90 and […]
Read moreJuly 23, 2014 1:03 pm
PepsiCo Inc. made a statement today, posting a slight increase in its earnings during the second quarter of the current fiscal year as the company managed to increase its snacks and beverages businesses volumes by 1%. The companys quarterly earnings report was posted only a day after its major competitor Coca-Cola Co. reported a 3% […]
Read moreJuly 23, 2014 11:44 am
Daimler AG, the worlds third-largest luxury vehicles manufacturer, made an official statement today, reporting that its profit over the second fiscal quarter increased by 12%, as its Mercedes-Benz S-Class sedans sales doubled over the period, while it also managed to reduce its expenses. Mr. Dieter Zetsche, who is the Chief Executive Officer of the company, […]
Read moreJuly 23, 2014 9:23 am
Microsoft Corp. made an official statement yesterday, revealing that its profit for the fiscal fourth quarter was negatively affected by the acquisition of the mobile unit of Nokia Oyj. However, the company also shared that it benefited from the increasing corporate demand for computers and software delivered online. One of the analysts, who work at […]
Read moreJuly 23, 2014 7:49 am
Comcast Corp., the biggest US cable operator by number of subscribers, revealed that its profit grew over the second financial quarter, with its high-speed internet service leading the rally. According to the companys statement, Comcasts adjusted profit excluding gains on sales and acquisition-related items amounted to $1.99 billion, or 75 cents per share, up from […]
Read moreJuly 22, 2014 9:46 am
The chip designer ARM Holdings Plc announced that it projects its royalty revenue growth to accelerate again during the second half of the year amid recovery in the smartphone market. The companys shares jumped as much as 5%, marking the biggest intraday advance since April 17. As reported by Reuters, the company said in its […]
Read moreJuly 22, 2014 8:51 am
The board of Time Warner Inc., which last week fended off a $73 billion acquisition offer from 21st Century Fox Inc., reasserted the firm stand against the unwanted takeover bid by changing its bylaws, disallowing shareholders to call special meetings. The companys board has made the decision to block the rule that provided Time Warner […]
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