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Time Warner Cable Profit Drops
2014-10-30 18:02:04| Telecom - Topix.net
Time Warner Cable Inc., still awaiting regulatory approval for its deal to be bought by larger peer Comcast Corp., said its third-quarter profit fell 6%, missing Wall Street expectations, as the company lost subscribers. Time Warner Cable's results have been buoyed recently by higher subscriber numbers for broadband Internet service.
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Lufthansa lowers 2015 profit goal
2014-10-30 12:51:17| BBC News | Business | UK Edition
Lufthansa has lowered its profit guidance for 2015 due to concerns about a global economic slowdown and competition over fares.
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Raymond shares tumble on Q2 profit decline
2014-10-30 10:59:00| Daily apparel & textile news and comment - from just-style.com
Indian textile and clothing group Raymond Ltd saw its share price tumble 4.37% after revealing a drop in second-quarter earnings.
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Samsung confirms sharp drop in Q3 profit
2014-10-30 08:21:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics confirmed a drop in third-quarter sales to KRW 47.45 trillion from KRW 59.08 trillion a year ago. Operating profit more than halved to KRW 4.06 trillion, and net profit fell to KRW 4.22 trillion from KRW 8.24 trillion in the same period of 2013. As warned earlier by the company, the weak results were due mainly to competitive pressure on its mobile phones business. The mobile division recorded sales of KRW 24.58 trillion, down from KRW 36.57 trillion a year ago and 14 percent less than in the second quarter. Operating profit from the activities plunged to KRW 1.75 trillion from KRW 6.70 trillion in Q3 2013. Samsung said smartphone shipments were up "slightly", mainly in the low-end and mid-range segment, leading to a lower average selling price and pressure on margins. The Galaxy Note 4 launched at the end of the quarter only had a marginal impact on sales. The tablet market remained highly seasonal, with the new Tab S helping grow shipments. Samsung said it expects seasonal market growth in Q4, but competition and price pressure will intensify as a large number of new models come out. At Samsung's other activities, semiconductors was the only one to show revenue growth in the quarter, led by solid memory demand from the PC and phone markets. The TV market was weaker after the run-up to the World Cup, and the display business saw a slowdown in the OLED market.
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UPDATE 1-Nippon Steel H1 profit inches up on low iron ore costs
2014-10-30 08:20:18| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp , Japan's biggest steelmaker, said on Thursday its first-half recurring profit rose 1.5 percent as lower material costs boosted margins and offset appraisal losses on its high-priced stockpiles. The world's No.2 steelmaker by output stuck to its full-year forecast of 400 billion yen in recurring profit, which is pre-tax before one-off items, compared with the 403.77 billion yen mean estimate of 16 analysts polled by Thomson Reuters I/B/E/S.
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