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Silicon Labs wows Wall Street amid record Q4 revenue

2015-02-05 00:03:17| Electronics - Topix.net

Shares of Silicon Laboratories Inc. surged more than 8 percent Wednesday after the company posted record fourth-quarter revenue and handily beat analyst earnings estimates. The Austin-based company reported a quarterly profit of $10 million, or 23 cents per share, on revenue of $161.9 million compared with a profit of $10.6 million, or 24 cents per share, on revenue of $146.2 million during the same period the previous fiscal year.

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Whirlpool could take $1 billion revenue hit from strong dollar: CEO

2015-02-04 21:58:26| Appliances - Topix.net

If the U.S. dollar stays at current levels, Whirlpool Corp's revenue could take a hit of up $1 billion in 2015, but the world's largest appliance maker expects to protect its profits, Chief Executive Officer Jeff Fettig told Reuters on Wednesday. Raising prices in some foreign markets should offset some of the effects of the strong dollar, which reduces the value of goods sold overseas, he said.

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Whirlpool Could Take $1 Billion Revenue Hit From Strong Dollar: CEO

2015-02-04 21:58:25| Appliances - Topix.net

Raising prices in some foreign markets should offset some of the effects of the strong dollar, which reduces the value of goods sold overseas, he said. Earlier on Wednesday, Whirlpool reported 2014 revenue of $19.9 billion and said it expected sales in the U.S. market, its largest, to rise between 4 percent and 6 percent in 2015.

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Cognizant revenue beats estimates as North America spending rises

2015-02-04 15:02:35| IT Services - Topix.net

IT services provider Cognizant Technology Solutions Corp's fourth-quarter revenue rose a higher-than-expected 16.4 percent, helped by increased spending by healthcare and financial services customers in North America. The company also forecast full-year 2015 revenue growth of at least 19 percent, higher than the 16.1 percent achieved in 2014, which was the weakest in the company's 20-year history.

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United Parcel Service matches 4Q profit expectations, tops revenue forecasts

2015-02-03 15:29:44| Trucking - Topix.net

The Atlanta-based company said it had net income of 49 cents per share. Earnings, adjusted for non-recurring costs, were $1.25 per share.

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