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Brokerages lower Q1 profit outlooks for Samsung Electronics
2016-03-27 11:16:03| Semiconductors - Topix.net
Major securities companies in South Korea have lowered their first-quarter operating profit outlooks sharply for Samsung Electronics Co., citing bleak business conditions in key areas, including semiconductors and home appliances, data showed Sunday. According to an analysis by industry tracker FnGuide of projections made by 24 brokerages as of Thursday, Samsung Electronics is expected to log 5.17 trillion won in operating profit on average during the January-March period.
Tags: lower
electronics
samsung
profit
General Mills Profit Beats Expectations as Cost Cutting Pays Off
2016-03-26 08:59:58| Agriculture - Topix.net
General Mills Inc. has reported a better-than-expected quarterly profit as cost-cutting programs helped reduce the impact of weaker sales in the United States, according to Reuters . The company said lower volume sales reduced sales growth by 8 percentage points in its U.S. business in the quarter ended Feb. 28. Net income attributable to General Mills rose to $361.7 million, or 59 cents per share, in the third quarter, from $343.2 million, or 56 cents per share, a year earlier.
FAPRI projects cow-calf profit to continue
2016-03-26 02:45:00| Beef
We are looking at several years of pretty tight financial situation for U.S. agriculture," says Pat Westhoff, director of he Food and Agricultural Policy Institute (FAPRI) at the University of Missouri. "Farm income is less than half of the 2013 peak and we expect it to remain low for the next several years." The recent FAPRI U.S. Baseline Briefing Book projects crop and livestock price for the next decade. Though profitability in the cow-calf sector is down sharply, it is still above historical levels," Westhoff says. "This will promote further small increases to the herd in coming years. read more
Tags: continue
projects
profit
cowcalf
The Best Crude Oil Stock to Profit in This $40 Price Climate
2016-03-24 23:16:58| Oil & Gas - Topix.net
Yes, it's difficult to find a good crude oil stock to invest in during this low oil price environment. Although West Texas Intermediate crude oil prices are up 19.3% over the last month, they're still trading near $40.10 - roughly 39% below the 52-week high of $65.39.
Ford says its business is rock solid and it could make profit even if sales plunged
2016-03-24 15:59:27| Auto Dealers - Topix.net
In an effort to calm its investors, the second largest US automaker said it could still make money even if the auto market took a deep plunge. Even if the auto sales in the United States are seen to further rise this year and to overpass the record figures reported by the industry in 2015, the market peek is very close to be reached, triggering worries among investors over the automakers' earnings.
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