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Lexus Earns High Consumer Report Rating; Detroit Falls Behind
2013-02-28 08:40:22| AutomotiveDigest.com - Automotive Industry News
Lexus earned the highest score in the Consumer Report annual 2013 ranking, faring much better than competitors. No American companies were included in the top 10, but Japanese cars dominated, receiving eight out of the top 10. Cadillac was best out of American car companies, earning 14th place.The Article Lexus Earns High Consumer Report Rating; Detroit Falls Behind appeared first on Automotive Digest.
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Telefonica net profit falls 82% in Q4 on impairment charges
2013-02-28 08:25:00| Telecompaper Headlines
(Telecompaper) Telefonica reported net profit of EUR 473 million for the fourth quarter of 2012, down 82.3 percent from the year-earlier period. The result included an impairment charge of EUR 949 million on its stake in the Telco shareholding in Telecom Italia, a Telefonica Ireland impairment of EUR 513 million and the effect of the Venezuelan Bolivar devaluation, at EUR 417 million. OIBDA fell 8.6 percent to EUR 5.45 billion, and the margin was down 2.5 percent points to 34.4 percent. Revenues were down 2.0 percent to EUR 15.84 billion. Debt reduction accelerated in the last quarter, with net down by EUR 4.75 billion over the three months to EUR 51.26 billion. Telefonica met its target for net debt of less than 2.46 times EBITDA, with a ratio of 2.36 at year-end. With annual revenues down 0.8 percent, the operator did not quite meet its target for flat sales in 2012, but Telefonica said it expects a return to revenue growth in 2013. The decline in EBITDA margin should also be smaller this year than last year's 1.9 percent point drop. Capex is forecast similar to last year's 14.2 percent of revenues, and net debt is expected to drop below EUR 47 billion by the end of 2013. Telefonica reiterated it will restore its cash dividend in 2013, at EUR 0.75 per share.
Tags: net
falls
charges
profit
Ritchie Bros. share profit falls 16%
2013-02-27 11:20:37| Industrial Machines - Topix.net
Ritchie Bros. Auctioneers Inc. reports it had $22.1 million or 21 cents per share of profit in the fourth quarter, a 16 per cent decline from the year-earlier period.
France-Bashing Titan Falls 16% After Earnings Disappoint
2013-02-27 00:56:56| Industrial Machines - Topix.net
Last week, Titan International CEO Maurice Taylor made international headlines when he, essentially, sent a letter to the French government to tell them their citizens were lazy .
Tags: falls
earnings
titan
disappoint
UPDATE 2-MetroPCS net profit falls 65 pct, revenue growth slows
2013-02-26 19:19:28| Wireless - Topix.net
MetroPCS Communications Inc reported a 65 percent fall in quarterly net profit and revenue growth slowed for an eighth straight quarter as the U.S. wireless service provider prepared for its planned merger with Deutsche Telekom AG unit T-Mobile USA.
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