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Republic Posts Higher Net Income, Revenue in Quarter
2014-11-03 11:00:00| Waste Age
Republic Services Inc. reported higher net income and revenue for its third quarter. read more
Reliv posts profit as sales slide
2014-10-31 16:29:49| Food - Topix.net
Reliv reported that its third-quarter profit was down to $166,000 compared with $293,000 in the prior-year period, as sales slid.
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Exxon posts surprise profit jump on refining
2014-10-31 14:16:45| Energy - Topix.net
ExxonMobil Corp. profits rose 3 percent in the third quarter as strong refining performance offset lower revenues from falling oil prices and production. The company said Friday it earned $8.07 billion on revenue of $107.49 billion in the third quarter.
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Sony posts quarterly loss on weak mobile sales
2014-10-31 08:50:00| Telecompaper Headlines
(Telecompaper) Sony reported a net loss of JPY 136 billion for its fiscal second quarter to September, hurt by an impairment charge to write down the value of its mobile business. Revenues were still up 7.2 percent year-on-year to JPY 1.902 trillion, helped by strong Playstation sales. The operating result moved to a loss of JPY 85.6 billion from a profit of JPY 13.9 billion a year ago, due to the charge of JPY 176 billion for the mobile business. Sony also took JPY 9.9 billion in restructuring charges in the quarter, of which 7.7 billion for exiting the PC business. At the mobile division, sales were up 1.2 percent to JPY 308.4 billion, but fell 4 percent at constant currency rates. The operating loss amount to JPY 172 billion, versus a profit of JPY 8.8 billion a year ago. Sony maintained its group outlook for 2014, cut in September when it warned about the mobile charge and a rethink at the phone business. It now forecasts the mobile division will report annual sales of JPY 1.35 trillion and a bigger operating loss of JPY 204 billion. The outlook was downgraded compared to the last quarterly report due to weaker smartphone sales, especially in China, as well as negative currency effects from the US dollar and restructuring costs.
Sinopec posts 12 pct fall in Q3 profits, but beats forecasts
2014-10-31 06:06:57| Oil & Gas - Topix.net
Asia's largest oil refiner Sinopec Corp posted on Thursday a 12 percent fall in third-quarter net profit, partly because of lower international crude prices, weaker refining profits and slowing Chinese demand. Net profit at Sinopec fell to 19.3 billion yuan from 22.0 billion yuan a year earlier, Sinopec said in a filing with the Shanghai bourse.
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