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United's rising profit still misses and revenue falls

2016-01-21 16:19:23| Airlines - Topix.net

United is in the middle of a turnaround effort that has included a shakeup of its top ranks. It's shown improvement in some areas like on-time performance, but it is shrinking - revenue fell at both the main airline and the United Express division.

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IBM revenue falls for 15th straight quarter

2016-01-19 23:57:38| Semiconductors - Topix.net

International Business Machines Corp reported a 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results. Revenue dropped to $22.06 billion in the quarter ended Dec. 31, from $24.11 billion.

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IBM Revenue Falls for 15th Straight Quarter

2016-01-19 23:57:37| Semiconductors - Topix.net

International Business Machines Corp reported an 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results. Armonk, New York-based IBM's revenue fell to $22.06 billion, above analysts' average estimate of $22.02 billion, according to Thomson Reuters I/B/E/S.

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IBM revenue falls for 15th straight quarter

2016-01-19 23:28:11| Electronics - Topix.net

International Business Machines Corp reported a 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results. Revenue dropped to $22.06 billion in the quarter ended Dec. 31, from $24.11 billion.

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Intel forecasts modest revenue growth in 2016, lower margin

2016-01-15 08:36:00| Telecompaper Headlines

(Telecompaper) Intel reported fourth-quarter revenues up 1 percent year-on-year to USD 14.9 billion, better than the company's outlook. Operating profit fell 3 percent to USD 4.3 billion, and net profit dropped 1 percent to USD 3.6 billion or 74 cents a share. Intel CEO said Brian Krzanich the results were in line with expectations and represented a strong finish to the year. Over the full year, Intel saw a 1 percent fall in sales to USD 55.4 billion, and net profit declined 2 percent to USD 11.4 billion. For the full year 2016, Intel forecast revenue growth in the mid to high single digits. The gross margin is expected to fall to around 61 percent from 62.6 in 2015, due to the acquisition of Altera and factory start-up costs. R&D and capital spending will increase compared to 2015.

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