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La-Z-Boy profit up to $17.9M
2015-02-18 13:58:18| Furniture - Topix.net
La-Z-Boy Inc. on Tuesday reported a fiscal third quarter profit of $17.9 million, or 34 cents a share, up 9 per cent compared to the same period a year ago when the furniture maker had a profit of $16.4 million, or 31 cents a share. The company's upholstery segment sales increased 2.2 percent to $286.3 million from $280.3 million in the same period a year ago.
Asics FY profit surfs US running boom
2015-02-18 13:40:00| Daily apparel & textile news and comment - from just-style.com
Sporting goods supplier Asics was boosted by a combination of a running boom and helpful exchange rates during 2014, the Japanese company said.
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Rackspace posts sharply higher profit
2015-02-18 09:04:13| Telecom - Topix.net
Cloud-computing company Rackspace Hosting Inc. posted a 77.5% increase in fourth-quarter profit but predicts first-quarter revenue below Wall Street estimates as currency issues restrain its growth rate. The company predicts growth of 2% to 3.5% on a constant-currency basis, and expects a currency "headwind" of 100 basis points.
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Sony targets annual opg profit over JPY 500 bln by 2018
2015-02-18 09:01:00| Telecompaper Headlines
(Telecompaper) Sony announced a new mid-term corporate plan focused more on profitability. For the three years to March 2018, the company will use return on equity as its main performance indicator, targeting a ROE of 10 percent. It also aims to raise operating profit to over JPY 500 billion by the fiscal year to March 2018, from an estimated 20 billion in the current year. At the operational level, the group will emphasize profitability over volume, and each business unit will have greater autonomy and a mandate to focus on shareholder value. Sony said its growth drivers will include the Devices division, and mainly its CMOS imaging sensors; the Playstation business; the Pictures division and especially the TV business; and the Music unit, which will focus more on the streaming market. The Imaging Products & Solutions and Video & Sound division are seen as more stable profit generators, rather than growth areas, and Sony will focus here on high value-added products. The remaining divisions, Mobile Communications and TV, are more volatile, subject to difficult market conditions. Sony said it will make restoring profitability the highest priority at these operations, while limiting capital investment in the activities. The company will also continue to explore potential alliances with other companies in these areas.
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Analog Devices posts higher profit, dividend
2015-02-18 07:08:16| Semiconductors - Topix.net
Analog Devices Inc. said its profit rose 17% for the January quarter as the chip maker said order rates improved in the last month of the period, particularly in automotive and industrial markets. For the current quarter, the company expects earnings excluding items of 70 cents to 74 cents a share on revenue of $810 million to $830 million, compared with the Wall Street consensus of 69 cents a share and revenue of $807 million, according to Thomson Reuters.
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