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Nokia in $950 million Q3 profit on growing sales
2014-10-23 10:50:52| Telecom - Topix.net
Nokia Corp. appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros , from a loss of 91 million euros a year earlier. Sales growth was 13 percent compared to 2013.
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SEB profit surges on higher income, one-off gains
2014-10-23 10:50:34| Appliances - Topix.net
Swedish lender Skandinaviska Enskilda Banken AB Thursday reported a 46% surge in third-quarter net profit on higher net interest income and one-time gains, but cautioned that a more subdued business climate is starting to weigh on credit demand. Net profit at the Stockholm-based bank rose to 5.47 billion Swedish kronor on a 9% increase in net interest income to 5.17 billion kronor and 2.18 billion kronor in net other income, stemming from one-time capital gains from the sale of shares in MasterCard Inc. and a number of closed venture capital deals.
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Hyundai Motor's 3Q profit falls 28 percent
2014-10-23 10:47:01| Automakers - Topix.net
Hyundai Motor Co. said Thursday its profit sank nearly 30 percent for the July-September quarter, hurt by a stronger South Korean currency and weak sales growth in its home market.
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Daimler net profit up 49 percent in 3rd quarter
2014-10-23 10:47:00| Automakers - Topix.net
Automaker Daimler says its net earnings rose by nearly half in the third quarter as revenue rose 10 percent and the company booked a one-time gain from the sale of a stake in a maker of heavy-duty engines. Daimler AG on Thursday reported a net profit of 2.82 billion euros for the July-September period, a 49-percent rise from last year's 1.9 billion euros.
UPDATE 2-Select Comfort raises full-year profit forecast
2014-10-23 06:54:48| Furniture - Topix.net
Select Comfort Corp raised its full-year profit forecast after its quarterly profit and revenue beat average analyst expectation, driven by demand for its Sleep Number adjustable mattresses. The company, whose shares rose 13 percent to $24.40 in extended trading, also increased its share buyback program to $250 million.
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