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IBM Pulls Profit Goal, Sees Slowdown in Client Spending

2014-10-20 17:36:10| Semiconductors - Topix.net

International Business Machines Corp. acknowledged it won't meet its goal of posting earnings of at least $20 a share next year, a target it stood by for five years, as the tech giant faces slowdowns in hardware and services sales.

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Valeant Pharma Q3 profit beats estimates, company raises outlook for Q4, 2015

2014-10-20 16:06:43| Biotech - Topix.net

Valeant Pharmaceuticals International Inc. beat analyst estimates for third-quarter profit and says both the fourth quarter and 2015 are looking more positive than estimates have forecast. The Montreal-area company reported US$275.4 million of net income, or 82 cents per share, under standard accounting and US$718.8 million after adjustments, resulting in $2.11 per share of adjusted EPS.

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Boys' Toys Bump Up Hasbro Profit

2014-10-20 14:58:17| Toys - Topix.net

Toy maker Hasbro Inc. said Monday that strong sales growth in its boys' division, which includes Transformers and Marvel toys, helped drive a 43% earnings boost in its September quarter.

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Hasbro misses 3Q profit forecasts

2014-10-20 14:58:16| Toys - Topix.net

The Pawtucket, Rhode Island-based company said it had profit of $1.40 per share. Earnings, adjusted for restructuring costs, were $1.46 per share.

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Electrolux Wrings Out Improved Profit

2014-10-20 12:57:04| Appliances - Topix.net

Electrolux AB said third-quarter profit jumped 42% despite tough trading conditions in Europe as the Swedish home-appliance maker benefited from improved sales of higher-margin products and recent cost cutting.

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