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Ericsson grows net profit 68% in Q4

2016-01-27 08:27:00| Telecompaper Headlines

(Telecompaper) Ericsson reported a strong improvement in fourth-quarter profits, supported by cost reductions and modest sales growth. Net profit jumped 68 percent to SEK 7.0 billion or SEK 2.15 per share, and operating profit was up 75 percent year-on-year to SEK 11.0 billion. Sales increased 8 percent from a year earlier to SEK 73.6 billion. The company reduced its operating costs by around 10 percent year-on-year in the second half of 2015, as part of its target to achieve SEK 9 billion in savings by 2017. In addition, higher revenues from IP licensing helped boost margins. After more than doubling operating cash flow in Q4, Ericsson raised its dividend by 9 percent to SEK 3.70 per share. 

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Canadian National posts 4Q profit, results top Wall Street forecasts

2016-01-27 04:05:38| Railroads - Topix.net

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

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UPDATE 1-Canadian National Railway profit beats as costs fall

2016-01-27 01:30:19| Railroads - Topix.net

Jan 26 Canadian National Railway Co reported a better-than-expected quarterly profit as costs fell due to lower fuel expenses. The company, which reported 2015 adjusted profit of C$4.44 per share, also said it expected earnings per share to grow in mid-single digit percent in 2016.

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Big U.S. biotech profit reports could boost industry's swooning shares

2016-01-26 21:52:50| Biotech - Topix.net

Biotech's biggest companies could help restore investor confidence in the beaten-up industry as they report quarterly results starting this week. Valuations suggest biotech shares could be closing in on a bottom, and some analysts said strong results could clear the way for potential buyers.

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China Southern Airlines sees 2015 profit more than doubling

2016-01-26 18:49:53| Airlines - Topix.net

Jan 26 China Southern , the country's largest airline by fleet size, expects its net profit to have more than doubled in 2015 due to increased overseas travel by the Chinese, weak oil prices and lower forex losses as the yuan depreciated. Chinese airlines, such as Air China , China Southern and Spring Airlines, have given positive guidance on profit this week ahead of final annual results due to be announced in March.

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