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Fresh Del Monte narrows loss
2015-02-17 15:31:29| Agriculture - Topix.net
Fresh Del Monte Produce Inc. said its loss narrowed in the fourth quarter as higher banana volume in North America, as well as sales growth in tomatoes and melons, offset weakness in prepared foods and led to better-than-expected results. Banana sales rose 3% to $439 million on a 2% increase in volume.
Twitter narrows loss as EBITDA reaches record high in Q3
2015-02-06 07:57:00| Telecompaper Headlines
(Telecompaper) Twitter's fourth-quarter revenues soared 97 percent from the year before to USD 479 million. Advertising revenue lifted 97 percent to USD 432 million, with mobile advertising revenue making up 80 percent of the total. Data licensing and other revenue advanced 105 percent to USD 47 million while international revenue totalled USD 164 million, up 149 percent. The company recorded record quarterly profit on an adjusted EBITDA basis, reaching USD 141.5 million from 44.8 million. The net loss meanwhile narrowed to USD 125.4 million from a net loss the year earlier of 511.5 million. CEO Dick Costolo expects the absolute number of net users added in the first quarter to be at similar levels as those seen during the first three quarters of 2014. This follows a loss of 4 million monthly users in Q4 due to changes in third-party integrations. Twitter's active monthly users will still up 20 percent year-on-year to 288 million, of which around 80 percent were on mobile platforms. For the first quarter, the company is guiding for revenues of USD 440-450 million and adjusted EBITDA of USD 89-94 million.
Tags: high
record
loss
reaches
Blackberry narrows loss as Q3 revenues fall to USD 793 mln
2014-12-19 15:53:00| Telecompaper Headlines
(Telecompaper) BlackBerry said revenues for its third quarter to 29 November fell to USD 793 million from 1.2 billion the year before. Hardware contributed 46 percent to revenues, services accounted for another 46 percent and software for 8 percent. Hardware revenue was recognised on 2 million BlackBerry smartphones. The company sold a total of 1.9 million smartphones to end customers. The net loss narrowed to USD 148 million or USD 0.28 per share, from a loss the year before of 332 million or 0.63 per share. The non-GAAP net result went to a profit of USD 6 million or USD 0.01 per share, from a loss the year earlier of 0.02 per share. At the end of fiscal Q3, the company had total cash, cash equivalents, short-term and long-term investments of USD 3.1 billion, up by USD 43 million from the previous quarter. The EZ Pass Program resulted in a total of 6.8 million licenses issued for BES10, a 100 percent increase from fiscal Q2, with over 30 percent of total licenses traded in from competitor Mobile Device Management platforms. Going forward, Blackberry expects to maintain its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The company continues to anticipate break-even or better cash flow from operations. As it expands distribution capability, the company continues to target sustainable non-GAAP profitability some time in fiscal 2016.
BlackBerry narrows fiscal Q3 loss but revenue plunges
2014-12-19 01:00:00| Total Telecom industry news
Canadian smartphone maker posts $6 million non-GAAP profit, sells 1.9 million devices.
Tags: loss
fiscal
revenue
blackberry
Dave & Buster's loss narrows, sales top forecasts
2014-12-17 12:29:31| IT Services - Topix.net
Dave & Buster's Entertainment Inc.'s loss narrowed in the third quarter as the arcade and restaurant chain said it sees the long-term potential to nearly triple its store count in North America. In its first earnings report since its initial public offering, the Dallas-based company said Tuesday it sees "long-term market potential" for operating more than 200 stores in North America, where it now has 73. It said it planned to open seven or eight stores next year.
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