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Honda quarterly profit up on weak yen, despite some vehicle sales woes; lowers profit forecast

2014-10-28 08:21:02| Automakers - Topix.net

Honda's net profit for the July-September quarter surged nearly 18 per cent but the Japanese automaker lowered its earnings forecast for the full year, pointing to difficulties in its home Japan market. Honda Motor Co.

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National Presto quarterly sales, profits decline

2014-10-25 13:17:44| Appliances - Topix.net

Today's Paper, also known as the e-Edition, is an online replica of the printed newspaper. You can view today's paper or previous issues.

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Wipro quarterly profit up 7.9 pct; Oct-Dec sales expected at $1.77-1.81 bn

2014-10-23 06:53:12| IT Services - Topix.net

IT services firm Wipro on Thursday reported a 7.9 per cent growth in consolidated net profit at Rs 2,084.8 crore for the second quarter ended September 30, 2014, helped by infrastructure services. The city-headquartered firm posted a net profit of Rs 1,932.1 crore in the year-ago period.

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Apple quarterly sales stronger than expected

2014-10-21 08:40:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues of USD 42.1 billion for its fiscal fourth quarter to September, up from USD 37.5 billion a year earlier and better than the company's forecast of USD 37-40 billion. The gross margin rose to 38 percent from 37 percent, and net profit increased to USD 8.5 billion or USD 1.42 per share, from USD 7.5 billion or USD 1.18 per share a year ago. The company sold 39.2 million iPhones in the quarter, up 16 percent year-on-year, while iPad sales fell 13 percent to 12.3 million. The number of Macs sold rose by 25 percent to 5.5 million. After operating cash flow of USD 13.3 billion in the quarter, Apple will pay a cash dividend of USD 0.47 per share. For the current quarter, Apple forecast a jump in revenue to USD 63.5-66.5 billion, thanks to strong sales of the recently launched iPhone 6. The gross margin is estimated at 37.5-38.5 percent.

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