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General Mills profit beats estimates due to cost cuts
2014-12-18 06:31:44| Food - Topix.net
General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reaffirmed its full-year forecast and reported a better-than-expected profit as it cut costs to battle weak sales in the United States. General Mills has embarked on a cost-saving program that aims to save more than $400 million in fiscal 2015.
Oracle reports slight drop in quarterly profit, but a bump in sales
2014-12-18 00:37:25| Telecom - Topix.net
Technology giant Oracle reported second-quarter fiscal earnings on Wednesday that slightly beat Wall Street's expectations, but said its profit slumped from the same period a year ago. The corporation said its profit of $2.5 billion was down 2 percent from the second quarter last year, but its sales rose 3 percent to $9.6 billion.
Oracle reports slight drop in quarterly profit, but a bump in sales
2014-12-17 23:45:22| IT Services - Topix.net
Technology giant Oracle reported second-quarter fiscal earnings on Wednesday that slightly beat Wall Street's expectations, but said its profit slumped from the same period a year ago. The Redwood City corporation said its profit of $2.5 billion was down 2 percent from the second quarter last year, but its sales rose 3 percent to $9.6 billion.
UPDATE 2-Despite 2nd-quarter profit jump, FedEx misses expectations
2014-12-17 20:26:02| Trucking - Topix.net
Increased U.S. domestic and international volumes sparked higher quarterly profit at FedEx Corp, the package delivery company said on Wednesday, but quarterly earnings and its full-year outlook fell short of expectations. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed over the past decade due to the rise of e-commerce.
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Joy Global 4Q profit improves, but 2015 presents challenge
2014-12-17 20:25:57| Industrial Machines - Topix.net
Joy Global Inc. reported Wednesday that net income for the fiscal fourth quarter improved on lower sales while warning that market conditions in its industry are likely to further deteriorate in 2015. Milwaukee-based mining equipment manufacturer Joy Global reported net income for the quarter ended Oct. 31 of $136.9 million, or $1.38 per share, compared with $26.8 million, or 25 cents per share, for the comparable period a year ago.
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