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Coke profit, revenue fall on flat soda market
2014-10-21 18:14:58| Beverages - Topix.net
The world's biggest beverage maker announced a new plan that it said will reduce costs by $3 billion a year by 2019. For this year, the company said it expects earnings per share to miss its long-term target of high-single-digit growth.
Verizon posts 3Q profit, results miss Wall Street estimates
2014-10-21 15:56:54| Telecom - Topix.net
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
Tags: results
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Swedbank Cuts Jobs as Low Interest Rates Hurt Profit Outlook
2014-10-21 15:56:34| Appliances - Topix.net
Swedbank AB, Sweden's biggest mortgage lender and the largest bank in the Baltics, will cut as much as 5.5 percent of its staff to try to adjust to the low rate environment created by unprecedented central bank easing. The bank will cut 600 to 800 jobs in the coming two years, mainly through attrition, and aims to lower costs "towards 16 billion kronor" in 2016 from 16.6 billion kronor in 2013, the Stockholm-based lender said in a statement today.
Verizon posts 3Q profit, results miss Wall Street estimates
2014-10-21 15:37:18| IT Services - Topix.net
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
Tags: results
street
posts
miss
Verizon Posts Lower Profit, Higher Revenue
2014-10-21 15:37:17| IT Services - Topix.net
Verizon Communications Inc on Tuesday posted lower quarterly earnings, but revenue rose as it added customers to its wireless business. Verizon reported a third-quarter profit of $3.79 billion, or 89 cents per share, compared with $5.6 billion, or 78 cents per share, a year earlier.
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