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General Electric profit, revenue top estimates

2015-07-17 14:14:51| Appliances - Topix.net

General Electric Co. on Friday reported better-than-expected revenue and adjusted profit in its second quarter, as earnings grew in its core industrials business.

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TeliaSonera sees risks in Eurasia as profit drops

2015-07-17 11:05:08| Appliances - Topix.net

Sweden's main telecom operator TeliaSonera AB on Friday said it expects risks in Eurasia, one of its main growth regions, to increase this year and remain challenging but for the overall earnings trend to improve somewhat in the second half of the year. Net profit at the Stockholm-based firm fell 8.2% to 3.26 billion Swedish kronor from SEK3.55 billion in the same period a year ago, undershooting a median forecast for SEK3.66 billion according to analysts polled by FactSet.

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Kungsleden AB: The Expansion Ahead of Plan and with a Good Profit

2015-07-17 09:01:26| Appliances - Topix.net

Profits from property management improved by 6 per cent and were SEK 202 million, which corresponds to SEK 1.11 per share. The rental revenue increased by 1,6 per cent to SEK 560 million and operating net fell to SEK 362 million.

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2. VW, GM shudder as China profit engine sputters

2015-07-17 07:55:44| Automakers - Topix.net

The China Association of Automobile Manufacturers cut its 2015 vehicle sales growth forecast for China in 2015 to 3 percent from 7 percent. Automakers like GM with volume brands have already responded to the slowdown by cutting prices and increasing discounts, squashing profit margins.

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Schlumberger Profit Falls 30% on Weak Oil Prices

2015-07-17 05:01:02| Energy - Topix.net

Schlumberger Ltd.'s second-quarter earnings fell 30% on plunging revenue, as the oil-services sector continues to grapple with weak oil prices. Schlumberger reported a profit of $1.12 billion, or 88 cents a share, down from $1.6 billion, or $1.21 a share, a year earlier.

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