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Tag: profit
Verizon profit falls sharply after strike, mobile slowdown
2016-07-26 14:40:00| Telecompaper Headlines
(Telecompaper) Verizon reported a drop in second-quarter sales and profits, hurt by a seven-week strike during the period and the slowdown in growth at its mobile activities. Operating revenues of USD 30.5 billion were down 5.3 percent from a year earlier, or 3.5 percent lower after adjusting for the acquisition of AOL and sale of some local landline businesses. Operating profit tumbled 41.8 percent to USD 4.6 billion, after a sharp rise in SG&A costs. Net profit was down 80.9 percent to USD 831 million, after a gain from selling the landline activities, pension charge adjustments and costs for retiring around USD 10 billion in debt during the period. On an adjusted basis, earnings fell to USD 0.94 per share from USD 1.04, with an estimated impact of 7 cents a share from the strike.
Tags: mobile
falls
profit
strike
Pokemon profit fears continue to hit Nintendo's shares
2016-07-26 03:38:58| BBC News | Business | UK Edition
Shares in Japanese games company Nintendo have fallen for a second day, adding to Monday's record loss, after the firm said that Pokemon Go's success would have a limited impact on its profits.
Tags: continue
hit
profit
shares
Nintendo shares plunge on Pokemon profit warning
2016-07-25 03:45:02| BBC News | Business | UK Edition
Shares in Japanese gaming giant Nintendo fall sharply as the firm says the success of Pokemon Go will only have a limited impact on its earnings.
Tags: profit
warning
shares
nintendo
VF Corp cuts guidance as Q2 profit plunges 70%
2016-07-22 16:55:00| Daily apparel & textile news and comment - from just-style.com
US apparel giant VF Corporation, owner of the North Face, Lee and Timberland brands, has lowered its revenue guidance for the year amid a "challenging environment" in the second quarter.
Tags: profit
corp
guidance
cuts
Blackstones Profit Rises 2% on Real Estate Sales, Credit
2016-07-21 17:38:00| National Real Estate Investor
Devin Banerjee and David Carey Blackstone Group LP, the worlds largest manager of alternative assets, said second-quarter profit rose 2 percent as it earned more from real estate sales. read more
Tags: real
estate
sales
credit
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