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Boeing raises annual profit forecast
2014-10-22 15:51:42| BBC News | Business | UK Edition
Aerospace giant Boeing has raised its forecast for profits this year and says it has a record backlog of orders.
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Yahoo! Q3 profit boosted by Alibaba gains
2014-10-22 08:50:00| Telecompaper Headlines
(Telecompaper) Yahoo! reported third-quarter sales up 1 percent to USD 1.148 billion. Excluding traffic acquisition costs, revenue also rose 1 percent, to USD 1.094 billion. The internet company posted a 5 percent fall in display ad revenues to USD 477 million, while search revenues increased 4 percent from a year ago to USD 452 million. CEO Marissa Mayer said the growth came in part due to investments in mobile services, which contributed over USD 200 million in revenue in the quarter. She said the company was on track to generate USD 1.2 billion in gross revenue from mobile this year. Yahoo's operating profit was still down 55 percent year-on-year to USD 42 million, and adjusted EBITDA fell 8 percent to USD 306 million. Net profit jumped to USD 6.8 billion or USD 6.70 per share, thanks to a one-time gain of USD 6.3 billion from selling shares in Alibaba's IPO. This helped the company finished the quarter with USD 12 billion cash, up from USD 5 billion at the start of the year. Yahoo said it will pay USD 3.3 billion in tax in Q1 2015 on the profit from the sale of Alibaba shares. It also spent USD 1.1 billion in October to buy back 15 million of its shares from a financial institution.
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Hawaiian Airlines parent Hawaiian Holdings reports $36M Q3 profit
2014-10-22 03:38:40| Airlines - Topix.net
Hawaiian Holdings Inc., parent company of Hawaiian Airlines , reported a third quarter profit of $35.6 million, or 56 cents per diluted share, compared to a profit of $40.6 million, or 76 cents per diluted share, for the same quarter in 2013. Honolulu-based Hawaiian Holdings also reported adjusted net income, reflecting economic fuel expense, of $9.5 million, or 79 cents per diluted share, in the third quarte, an increase of $12.7 million or 10 cents per diluted share year-over year.
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Broadcom swings to profit
2014-10-22 00:39:48| Semiconductors - Topix.net
Broadcom Corp. swung to a profit in the third quarter, driven by growth in its broadband and connectivity business and cost-cutting as it moves to close its cellular-chip business. The semiconductor company said in July it was cutting about 2,500 jobs as it winds down its cellular-chip business.
United Technologies beats 3Q profit...
2014-10-21 18:15:36| Paper - Topix.net
On a per-share basis, the Hartford, Connecticut-based company said it had profit of $2.04. Earnings, adjusted for non-recurring gains, came to $1.82 per share.
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