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UPS Sees 2014 Profit at Low End of View as Storms Add Costs
2014-04-24 19:38:39| Air Courier - Topix.net
United Parcel Service Inc., the world's biggest package shipping company, said its forecast for profit this year would be at the low end of its projection as harsh winter weather forced costs higher.
ZTE sees Q1 profit more than doubling
2014-04-10 19:12:00| Telecompaper Headlines
(Telecompaper) ZTE said it expects to first-quarter profit to be at least double that from the same period last year, reflecting the strengthening of its core operations. Net profit is estimated at CNY 425-637 million, a year-on-year increase of between 107.3 and 210.7 percent, according to ZTE's preliminary results announcement filed with the Hong Kong stock exchange. ZTE expects to record significant increases in gross profit and gross margin, thanks to its increased focus on servicing higher-margin contracts. Operating revenue from 4G infrastructure systems in China as a percentage of overall revenue increased, while gross margins for international projects improved. ZTE said it's optimistic about its business prospects due to the acceleration in 4G network deployments and demand for 4G mobile devices.
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Samsung sees Q1 profit decline amid market saturation
2014-04-08 15:07:20| InfoWorld: Top News
Samsung Electronics on Tuesday warned that it would post a drop in operating profit during the first quarter of 2014. The largest smartphone maker said consolidated operating profit would be an estimated 8.4 trillion Korean won ($7.9 billion), down 4.3 percent from 8.78 trillion won a year earlier.
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Samsung sees flat sales, lower opg profit in Q1
2014-04-08 08:37:00| Telecompaper Headlines
(Telecompaper) Samsung expects to report flat sales and lower operating profit for the first quarter. The company said it expects revenue at KRW 53 trillion, little changed from the year-earlier period, and operating profit of KRW 8.4 trillion, down from KRW 8.8 trillion in Q1 2013. This would be Samsung's second consecutive quarter of lower earnings, hurt by slower growth rates and declining prices in the smartphone market. The company will report full quarterly results at a later date.
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Zara owner sees modest profit rise
2014-03-19 10:47:48| BBC News | Business | UK Edition
Inditex, the Spanish company behind the Zara fashion chain, says profits rose only slightly last year as a result of refurbishment costs and currency movements.
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