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Swiss drug maker Novartis posts Q4 profit drop
2015-01-27 10:32:29| Biotech - Topix.net
Swiss pharmaceutical giant Novartis AG says fourth quarter net income dropped 26 percent but the company still posted a healthy 2014 annual profit. The Basel, Switzerland-based company said Tuesday that fourth quarter net income came in at $1.49 billion, down from $2 billion in the same quarter the year before excluding its blood-transfusion diagnostics unit, which it sold in 2013.
Microsoft profit slips as revenues get boost from cloud
2015-01-27 09:20:00| Telecompaper Headlines
(Telecompaper) Microsoft revenue for the quarter to December rose to USD 26.5 billion from 24.5 billion the year before, with particularly strong growth again from commercial cloud services. Operating profit slipped to USD 7.8 billion from 7.97 billion, and diluted earnings per share went a bit lower to USD 0.71 from 0.78 the year earlier. The results include USD 243 million worth of integration and restructuring costs, or a USD 0.02 per share negative impact, related to both Microsoft's restructuring plan announced in July and the ongoing integration of the Nokia phone business. Devices and Consumer revenue grew 8 percent to USD 12.9 billion, led by Surface tablet revenue up 24 percent to USD 1.1 billion. Phone Hardware revenue reached USD 2.3 billion, with 10.5 million Lumia units sold. Office 365 Home and Personal subscribers increased to over 9.2 million, up 30 percent from the previous quarter. Xbox console sales totaled 6.6 million units, after a strong holiday season performance. Commercial revenue grew 5 percent to USD 13.3 billion, driven by commercial cloud revenue surging 114 percent from the year before, with an annualised revenue run rate of USD 5.5 billion.
Tags: microsoft
profit
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boost
Texas Instruments reports big profit gain in fourth quarter, all of 2014
2015-01-27 04:49:58| Electronics - Topix.net
Texas Instruments' profit rose for 2014: up 30 percent to $2.82 billion, or $2.57 a share, from $2.16 billion, or $1.07 a share. The Dallas-based company, which has restructured itself in the last two years, on Monday reported its first annual revenue gain in four years.
Tags: of
big
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instruments
Kansas City Southern profit rises in Q4 2014, expects solid 2015 growth
2015-01-26 16:52:54| Railroads - Topix.net
NEW YORK - Regional railroad Kansas City Southern reported a higher quarterly net profit that came in well above Wall Street expectations, driven mainly by higher freight volumes, and said it expected to benefit from a growing U.S. economy in 2015.
Tags: city
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southern
UPDATE 2-Japan's Marubeni halves profit outlook on oil price slide, Gavilon
2015-01-26 16:31:03| Chemicals - Topix.net
Japanese trading house Marubeni Corp halved its annual profit forecast on Monday after plunging oil, copper and coal prices weighed on its resource assets and it booked an impairment charge for its grains unit Gavilon. Like international oil majors and mining companies, Japan's trading companies have been caught flat-footed by the rout in commodities, with oil down as much as 60 percent and copper falling about 25 percent since the middle of last year.
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