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Whirlpool 3Q profit misses Street's view

2014-10-28 15:28:46| Appliances - Topix.net

Whirlpool Corp. - whose brands include Maytag, KitchenAid and its namesake - earned $230 million, or $2.88 per share, for the three months ended Sept. 30. A year earlier it earned $196 million, or $2.42 per share.

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Coach optimistic despite Q1 profit decline

2014-10-28 14:11:00| Daily apparel & textile news and comment - from just-style.com

US footwear, handbags and accessories retailer Coach Inc has booked a drop in first-quarter net income but remains optimistic of the success of its brand transformation initiative.

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UPDATE 1-UPM plans more savings after cost cuts boost Q3 profit

2014-10-28 13:38:43| Paper - Topix.net

Finnish pulp and paper maker UPM-Kymmene posted a bigger-than-expected rise in quarterly core profit on the back of cost cuts, and said it was planning more savings to boost profitability amid a weak European economy. The world's biggest producer of graphic papers, such as magazine paper and newsprint, said on Tuesday its total third-quarter core operating profit rose to 235 million euros , or 9.7 percent of sales, from 194 million, or 7.8 percent of sales, in the same period last year.

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Turnaround strategy boosts Crocs Q3 profit

2014-10-28 11:03:00| Daily apparel & textile news and comment - from just-style.com

US footwear business Crocs has booked an increase in earnings in its third-quarter thanks to a turnaround plan implemented by the company in July.

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Swiss drug maker Novartis posts strong 3Q profit

2014-10-28 09:58:20| Biotech - Topix.net

Swiss pharmaceutical giant Novartis AG has posted a 45 percent rise in net profit in the third quarter, boosted by strong sales of new products such as Gilenya for multiple sclerosis and the leukemia drug Tasigna. The Basel, Switzerland-based company's reported quarterly net profit was $3.24 billion, up from last year's equivalent of $2.23 billion, which was downwardly adjusted to conform to reporting requirements.

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