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German automaker Daimler posts 8 per cent Q2 growth, boosted by strong Mercedes-Benz sales
2015-07-23 09:44:42| Automakers - Topix.net
German automaker Daimler says net profit rose 8 per cent in the second quarter, boosted by strong sales, particularly of its Mercedes-Benz cars. Daimler AG said Thursday net profit in April through June rose to 2.372 billion euros , compared to 2.196 billion euros in the same quarter last year.
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Texas Instruments posts slightly higher Q2 profit on lower revenue, warns of a worse Q3
2015-07-23 00:40:57| Electronics - Topix.net
As Texas Instruments Inc. warned three months ago, its second-quarter financial results were lukewarm and it forecast that the July-to-September quarter will be even worse. The Dallas-based chipmaker today reported a slightly higher second-quarter profit on lower revenue as the company continued to battle weak demand in certain areas and big drops in foreign currency exchange rates relative to the strong U.S. dollar.
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Coca-Cola Co posts in-line Q2 but "more work to do" says CEO Muhtar Kent
2015-07-22 14:04:25| Daily beverage news and comment - from just-drinks.com
The Coca-Cola Co has reported a slight dip in half-year sales, with CEO Muhtar Kent acknowledging there is "more work to" in the coming months.
Apple posts record third quarter
2015-07-22 00:26:51| BBC News | Business | UK Edition
Apple has posted a record third quarter as soaring demand for iPhones sent profits higher.
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Microsoft posts loss of USD 2.1 bln on mobile phone costs
2015-07-22 00:18:00| Telecompaper Headlines
(Telecompaper) Microsoft reported a net loss of USD 2.1 billion or USD 0.40 per share for its fiscal fourth quarter to June, hurt by the earlier announced impairment charge of USD 7.5 billion to write down the value of the former Nokia mobile phone business. The company also took charges of USD 940 million for the planned lay-offs at the mobile business and other restructuring. Excluding the one-time charges, the company had a profit of USD 0.62 per share, up from USD 0.56 a year ago. Adjusted operating profit was still slightly lower, at USD 6.39 billion versus USD 6.61 billion in the year-earlier period, as revenues fell 5 percent to USD 22.18 billion. Over half the drop in revenues came from the stronger US dollar, and the remainder was largely due to the Devices and Consumer division, where sales fell 10 percent to USD 8.7 billion. This included a 22 percent fall in Windows revenues with OEMs, due to the end of the XP replacement cycle and manufacturers awaiting the launch of Windows 10. Revenues from the mobile phone business fell 38 percent to USD 1.2 billion, amid lower shipments of both smartphones and feature phones. Other products performing well in its Devices and Consumer business included the Surface tablet, with revenue up 117 percent from a year ago to USD 888 million, and the Xbox, which grew console sales 30 percent to 1.4 million. Search advertising revenue was up 23 percent, and Microsoft said it expects Bing to be profitable in the next fiscal year. Commercial revenue increased slightly to USD 13.5 billion, led by strong demand for cloud products such as Office 365, Azure and Dynamics CRM Online. Windows volume licensing revenue declined 8 percent. Looking ahead, Microsoft said it expects the launch of Windows 10 to start supporting results from the second half of fiscal 2016. Sales in the phone business are expected to continue to show "significant" year-on-year declines, while losses should start to reduce as the recently announced restructuring takes effect.
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