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ZTE profit jumps 42% in Q1
2015-04-23 17:14:00| Telecompaper Headlines
(Telecompaper) ZTE said net profit rose 41.9 percent year-on-year in the first quarter to CNY 883 million, boosted by the company's M-ICT strategy, which generated new growth avenues. Basic earnings per share climbed to RMB 0.24, while revenue lifted 10.2 percent to CNY 21 billion. Operating revenue from telecommunications software systems, services and other products increased by 23.4 percent, pulled up by strong growth from video and network terminal products, in addition to services. Revenue from carrier networks increased by 8.9 percent, driven by growth in sales of products such as wireless communication systems, wireline switch and access systems, routers and router switches. Operating revenue from handset terminals was up by 7 percent, reflecting mainly higher sales of 4G handset terminals.
Steelmaker Nucor's profit falls 39 pct
2015-04-23 16:46:48| Steel - Topix.net
Nucor Corp, the No. 1 U.S. steelmaker by market value, reported a 39 percent drop in quarterly profit, hurt by lower selling prices.
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Skechers profit surges again in Q1
2015-04-23 16:22:00| Daily apparel & textile news and comment - from just-style.com
Fast-growing footwear business Skechers posted another quarter of record revenues, with net profit nearly doubling on last year's first-quarter.
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Union Pacific 1Q profit grows 6 percent but volume slows
2015-04-23 15:49:04| Railroads - Topix.net
Union Pacific's first-quarter profit improved 6 percent but fell short of expectations as railroad shipping volume slowed 2 percent on weak coal demand and a labor dispute at West Coast ports. The Omaha, Nebraska, company reported $1.15 billion in net income, or $1.30 per share, in the first three months of the year.
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Southwest Airlines beats 1Q profit and revenue expectations
2015-04-23 15:47:35| Airlines - Topix.net
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
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