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Qualcomm posts net loss, forecasts fall in next quarter's revenues
2018-11-07 22:57:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported a net loss for its fiscal fourth quarter to September, hurt by the USD 2 billion paid to NXP for not completing their merger. Revenues were down 2 percent year-on-year to USD 5.8 billion, in line with the company's guidance and including partial payment of back licensing fees from one major customer. Qualcomm said underlying earnings were better than forecast and it expects to return to growth in adjusted EPS in the current quarter, despite a projected sharp fall in revenue.
ZTE posts H1 loss of CNY 7.8 bln as revenues fall 27%, sees return to profit in Q3
2018-08-30 14:42:00| Telecompaper Headlines
(Telecompaper) ZTE reported a net loss of CNY 7.8 billion for the first half of 2018, in line with its earlier warning over the impact of the US ban on imports from the company. The Chinese company said it expects to return to a small profit in the third quarter, of up to CNY 1.0 billion versus CNY 1.6 billion a year ago.
Lenovo posts FY loss as mobile losses offset PC recovery
2018-05-24 08:47:00| Telecompaper Headlines
(Telecompaper) Lenovo posted a net loss for its fiscal year to March of USD 189 million, versus a profit of USD 535 million a year earlier, hurt by continued losses at its smartphone and data centre businesses and a writedown of tax assets after the US corporate tax reform. Revenues rose 5 percent to USD 45.35 billion, as the PC division returned to growth, while operating profit dropped 42 percent to USD 387 million. The company maintained its dividend at HKD 20.5 cents per share.
Mothercare posts GBP72.8m full-year loss
2018-05-18 12:38:00| Daily apparel & textile news and comment - from just-style.com
Ailing UK-based mother, baby and children's goods retailer Mothercare has posted what one analyst called a "disastrous" set of full-year results, adding it is "no wonder" the company has had to resort to a drastic restructuring plan.
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Sony posts Q4 loss after writedown on smartphone business
2018-04-27 11:04:00| Telecompaper Headlines
(Telecompaper) Sony reported results for its fiscal year to March up more than forecast. Revenues rose 12.4 percent to JPY 8.544 trillion, and net profit jumped to JPY 491 billion from JPY 73 billion a year earlier. The company forecast lower profits for the current year, as it focuses more on margins over volume for its TV and smartphone businesses, and also sees a negative impact from exchange rates and lower investment gains.
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