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Netflix posts surprise profit in Q4
2013-01-24 09:11:00| Telecompaper Headlines
(Telecompaper) Streaming video service Netflix reported fourth-quarter results better than expected, thanks to solid subscriber growth both in the US and abroad. Revenues rose to USD 945 million from USD 876 million a year ago, while net profit dropped to USD 8 million from USD 35 million. The result was better than expected, after Netflix earlier forecast a loss in the period due to costs for launching in Nordic markets during the period. The international activities performed better than expected, growing by 1.8 million customers in three months to a total 6.12 million, ahead of Netflix's guidance of 5.2-5.9 million. Losses from the international activities were less than expected, at USD 105 million on revenues of USD 101 million. Netflix said the Nordic launch went well, but it does plan any further expansion until late 2013 or 2014. In its home market the US, streaming customers by just over 2 million from September to 27.15 million, just ahead of the company's outlook. For the first quarter, Netflix said it expects net profit flat versus Q4, while free cash flow will be deeper in the red than the USD 51 million last quarter, due to costs for creating original programming. Subscribers numbers are expected to grow to 28.5-29.2 million in the US and 6.6-7.3 million at the international activities.
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RCom posts net profit of INR 1.1 bln in Q3
2013-01-24 06:51:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications reported revenues of INR 53 billion for its fiscal third quarter ended 31 December, up 5 percent year-over-year. Wireless revenues grew 4.7 percent, and Global Enterprise (GEBU) revenues were up 4.4 percent to INR 24.5 billion. Net profit stood at INR 1.1 billion for the quarter. RCom's EBITDA rose 2.4 percent to INR 16.5 billion, while the EBITDA margin slightly fell from 31.9 percent to 31.2 percent. The company had 6.1 million active 3G customers and 27.6 million data customers at the end of the period. Mobile minutes went up 3.1 percent to reach 103 billion. Revenue per minute (RPM) stood at INR 0.44 during the reporting quarter.
Unilever's Posts Double-Digit Gains
2013-01-23 14:27:00| Happi Breaking News
Emerging markets, household and personal care provide big lift.
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Rock-Tenn Company (RKT) Posts Quarterly Results
2013-01-23 11:30:25| Paper - Topix.net
Rock-Tenn Company released its earnings data on Tuesday. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.08. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion.
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Woodward (WWD) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS
2013-01-23 04:57:16| Industrial Machines - Topix.net
Woodward released its earnings data on Tuesday. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.06. The company had revenue of $408.30 million for the quarter, compared to the consensus estimate of $434.58 million.
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