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Toyota raises forecast on profit jump, weak yen

2014-11-05 08:08:03| Automakers - Topix.net

Toyota raised its annual earnings forecast after posting a 23 percent jump in July-September profit as a favorable exchange rate added to the momentum of the Japanese automaker's sales growth. Toyota Motor Corp. reported Wednesday a better-than-expected fiscal second quarter profit of 539 billion yen , up from 438 billion yen the same period the previous year.

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Auto sales jump 9.2% in October

2014-11-04 23:19:05| Auto Dealers - Topix.net

Turin, November 3 - Auto sales in Italy jumped by 9.2% last month and when the first 10 months are rolled in, the increase averaged 4.2%, according to figures Monday from the transport ministry. It said 121,700 new autos were registered last month, a 9.2% increase, while 1.159 million vehicles were registered in the first 10 months of the year.

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Primark piles on pressure on high street rivals as sales jump

2014-11-04 17:21:08| Grocery - Topix.net

Note: We do not store your email address but your IP address will be logged to prevent abuse of this feature. Please read our Legal Terms & Policies Primark continues to pile on the pressure on its high street rivals, particularly Marks & Spencer which reports tomorrow, as it said sales and profits had grown by more than 10 per cent in the past four weeks.

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Alibaba Q3 revenues jump 54% on mobile expansion

2014-11-04 14:26:00| Telecompaper Headlines

(Telecompaper) Alibaba Group reported third-quarter revenues up 53.7 percent year-on-year to CNY 16.83 billion (USD 2.74 billion). The Chinese e-commerce group reported gross merchandise value and active users up around 10 percent, to respectively CNY 555.67 billion and 202 million. Mobile also showed a growing contribution to results, accounting for CNY 3.72 billion in revenue and 35.8 percent of merchandise value, more than double the year-earlier figures. The number of monthly mobile users rose 15.4 percent compared to Q2 to 217 million. The company's adjusted EBITDA rose 30.6 percent year-on-year to CNY 8.49 billion. Net profit fell 38.6 percent to CNY 3.03 billion, due to an increase in stock option costs after its IPO and higher taxes, as well as costs for the acquisitions UCWeb and AutoNavi and investments in the cloud computing platform. Adjusted EPS rose 9.4 percent to CNY 2.79. Alibaba spent CNY 1.703 billion in the quarter on capital equipment, while free cash flow rose 33.7 percent to CNY 8.94 billion. It finished September with total cash of CNY 109.91 billion. 

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Data I/O Q3 net income, earnings jump; stock rises

2014-11-01 06:28:55| Electronics - Topix.net

Third-quarter net income and sales both increased dramatically at Seattle-based programming firm Data I/O Corp., and its shares rose in early Friday trading. Data I/O reported third-quarter net income rose to $646,000, or 8 cents per share, from $146,000 or 2 cents per share, a year earlier.

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