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Ericsson Q2 sales flat, profits up on better margins
2014-07-18 08:49:00| Telecompaper Headlines
(Telecompaper) Ericsson reported second-quarter sales down 1 percent year-on-year to SEK 54.8 billion. Its Networks business grew 3 percent to SEK 29.0 billion, while services declined 7 percent to SEK 23.1 billion. The gross margin rose to 36.4 percent from 32.4 a year ago, helped by more capacity contracts and fewer network roll-outs, increased revenues from intellectual property and lower restructuring charges. This also helped operating profit, which despite higher R&D spending, rose 62 percent year-on-year to SEK 4.0 billion. Net profit was up 76 percent to SEK 2.7 billion. Ericsson said recent key contract wins will help revenues and profits in the second half of the year. It also expects its modem business to start contributing to sales by year-end. A tier-one smartphone maker is already working on integration with the M7450 modem, and devices running the modem will be on the market before the end of 2014.
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Snap-on 2Q profits jump 20%, beat estimate
2014-07-17 21:10:02| Appliances - Topix.net
Snap-on Inc. reported Thursday that net income for the second quarter rose 20 percent, beating analyst consensus on rising sales and widening profit margins.
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MEXICO: Arca Continental feels pain of new tax, but H1 profits up
2014-07-17 18:42:29| Daily beverage news and comment - from just-drinks.com
Arca Continental, Latin America's second largest Coca-Cola bottler, has seen its first-half volumes slip as a new sugary drinks tax in Mexico took its toll, but the group's profits rose.
Morgan Stanley sees profits double
2014-07-17 17:28:31| BBC News | Business | UK Edition
US banking giant Morgan Stanley sees its quarterly net income doubled, helped by its investment banking and money-management arms.
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Here's why Fifth Third's profits are expected to plummet
2014-07-17 09:30:48| IT Services - Topix.net
When you look at Fifth Third Bancorp's earnings on Thursday morning, you're likely to see a big drop.
Tags: to
expected
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