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MeadWestvaco posts 4Q profit on higher sales

2013-01-30 16:13:57| Paper - Topix.net

MeadWestvaco says sales gains in its specialty chemicals business drove the packaging company to a fourth quarter profit, but the results fell short of Wall Street expectations.

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Arkansas Best Corp (ABFS) Posts Quarterly Results

2013-01-30 16:05:27| Trucking - Topix.net

Arkansas Best Corp issued its quarterly earnings data on Wednesday. The company reported earnings per share for the quarter, missing the analysts' consensus estimate of by $0.21. The company had revenue of $537.00 million for the quarter, compared to the consensus estimate of $521.13 million.

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LG posts Q4 loss on fine; mobile sales improve

2013-01-30 08:51:00| Telecompaper Headlines

(Telecompaper) LG Electronics reported a net loss of KRW 468 billion (USD 429 million) for the fourth quarter, hurt by a fine over CRT pricing from the EU. Revenues were down 2.2 percent from a year earlier to KRW 13.50 trillion, as growth in mobile phones was offset by weaker sales of consumer electronics and appliances. Operating profit improved to KRW 107 billion from KRW 86 billion thanks to cost reductions. LG's mobile division improved sales 1.3 percent year-on-year and 14.9 percent from the previous quarter to KRW 2.81 billion. The company shipped 15.4 million phones in the three months to December, up 7 percent from Q3, and smartphone sales rose 23 percent on a sequential basis to 8.6 million units. LG said its premium LTE smartphones such as the Optimus G and Vu:2 increased sales in the quarter, as did the L-series and Google Nexus 4. With more European and emerging markets introducing LTE services this year, LG plans to increase smartphone revenues and market share by launching follow-up devices to the Optimus G and the L-series as well as the new mass-market LTE F-series. The division moved to an operating profit of KRW 56 billion for the quarter, versus a loss of KRW 3 billion a year earlier.

Tags: sales posts mobile improve

 

Broadcom posts higher quarterly revenue

2013-01-30 04:10:53| Semiconductors - Topix.net

Broadcom Corp posted quarterly revenue at the high end of its target range as demand improved for its chips and it announced a 10 percent increase in its dividend.

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AK Steel posts 4Q loss, but beats Wall St. estimates

2013-01-29 21:35:45| Steel - Topix.net

AK Steel Holding Corp. shares rebounded Tuesday morning from Monday's 7 percent decline after releasing better-than-expected fourth-quarter earnings.

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