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Qualcomm profit falls less than expected, sees better H2

2016-01-27 23:01:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported a smaller-than-expected drop in profit for its fiscal first quarter to December, citing strong 3G/4G device shipments and its cost-cutting efforts. Revenues were still down 19 percent year-on-year to USD 5.8 billion, while net profit dropped 24 percent to USD 1.5 billion. EPS declined 15 percent to USD 0.99, a smaller drop than the 23-32 percent forecast earlier by the company. For fiscal Q2, Qualcomm forecast a further drop in sales, of 17-29 percent on an annual basis to USD 4.9-5.7 billion. EPS is expected to improve 10-25 percent from a year earlier to USD 0.90-1.00, helped by its share repurchases. The company said design traction for its new Snapdragon 820 processor remains strong, and it expects improving trends in the chipset business in the second half of fiscal 2016.

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Biogen 4Q profit falls on costs, but tops forecasts

2016-01-27 20:23:55| Biotech - Topix.net

In this Feb. 15, 2006, file photo, two women walk by Biogen Idec corporate headquarters in Cambridge, Mass. Biogen reports financial earnings Wednesday, Jan. 27, 2016.

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United Technologies quarterly revenue falls 4.5 percent

2016-01-27 15:56:08| Industrial Machines - Topix.net

United Technologies Corp, which makes Pratt & Whitney aircraft engines and Otis elevators, on Wednesday reported a 4.5 percent decline in fourth-quarter revenue, hurt by a strong dollar. UTC reported a loss of 30 cents per share from continuing operations, compared with year-earlier earnings of $1.41.

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United Technologies quarterly revenue falls 4.5 percent

2016-01-27 14:23:59| Paper - Topix.net

United Technologies Corp, which makes Pratt & Whitney aircraft engines and Otis elevators, on Wednesday reported a 4.5 percent decline in fourth-quarter revenue, hurt by a strong dollar. UTC reported a loss of 30 cents per share from continuing operations, compared with year-earlier earnings of $1.41.

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Dow Jones Industrial Average Falls 208 Points on Mixed Earnings

2016-01-26 06:58:02| Oil & Gas - Topix.net

As we've been saying in our recent reports here at Private Briefing , Bitcoin is more than just a new "digital currency." Bitcoin is a currency, a technology and a "disruptor" catalyst that's poised to take financial technology - "fintech" in the vernacular of the banking business - to an entirely new place.

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