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Samsung downgrades Q3 profit guidance on Note 7 woes

2016-10-12 14:30:00| Telecompaper Headlines

(Telecompaper) Samsung has revised its guidance for the third quarter downwards, on the back of its woes with the relaunched Galaxy Note 7. The company now expects revenues at KRW 46-48 trillion and the operating profit at KRW 5.1-5.3 trillion. Samsung had earlier guided for revenues at KRW 48-50 trillion and operating profit at KRW 7.7-7.9 trillion.

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Levi Strauss Q3 profit surges on reduced charges

2016-10-12 14:20:00| Daily apparel & textile news and comment - from just-style.com

Jeans giant Levi Strauss & Co has seen an increase of almost 70% in its third-quarter profit after a reduction in restructuring and related charges charges related to moves last year to streamline its operations.

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Ericsson warns of 94% dive in profit as sales fall

2016-10-12 12:23:12| BBC News | Business | UK Edition

Shares in Ericsson have dived after the Swedish telecoms company warned profits would be down by 94% for the third quarter.

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Ericsson issues Q3 profit warning

2016-10-12 02:00:00| Total Telecom industry news

Revenue, operating income plunge on weaker-than-expected network equipment sales.

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N Brown "comfortable" despite H1 profit fall

2016-10-11 15:50:00| Daily apparel & textile news and comment - from just-style.com

Online, catalogue and stores retailer N Brown said it is comfortable with current market guidance for the full year after a double-digit drop in first-half profit came in line with company expectations. 

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