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UPDATE 2-Gilead posts 17 pct profit rise, readies for HCV launch
2013-10-30 01:38:32| Biotech - Topix.net
Biotechnology company Gilead Sciences Inc reported a 17 percent jump in quarterly net profit on Tuesday and raised its outlook for full-year sales as revenue and demand for its flagship HIV drugs exceeded Wall Street estimates.
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Nokia posts small underlying profit in Q3, shipments improve
2013-10-29 12:07:00| Telecompaper Headlines
(Telecompaper) Nokia reported a small underlying profit for the third quarter, helped by reduced losses at its mobile phone business. Adjusted EPS was EUR 0.01, versus a loss of EUR 0.07 a year earlier, while revenues were down 22 percent year-on-year to EUR 5.662 billion. The adjusted operating profit more than doubled to EUR 215 million, and the company generated positive operating cash flow of EUR 9 million. The company's main division Devices & Services met its outlook for an adjusted operating margin of around minus 2 percent, with a result of 1.6 percent, and revenues improved sequentially by 6 percent to EUR 2.898 billion, thanks to quarterly growth in shipments of both smartphones and feature phones. Nokia said it expects Devices & Services to remain in the red in Q4, when it will start reporting the unit as discontinued activities, pending completion of the planned sale of the mobile phone business to Microsoft.
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AT&T Posts Higher 3Q Profit as Revenue Grows
2013-10-26 11:55:43| IT Services - Topix.net
Benefiting from the growing popularity of smartphones and tablet computers, AT&T's net income was up this quarter.
AT&T Posts Higher 3Q Profit as Revenue Grows
2013-10-26 10:23:40| Telecom - Topix.net
Benefiting from the growing popularity of smartphones and tablet computers, AT&T's net income was up this quarter.
Volvo Posts Surprise Third-Quarter Profit Drop on Krona Gain
2013-10-25 19:40:13| Appliances - Topix.net
Volvo AB reported a surprise drop in operating profit, sending the stock down the most in a year, as a strengthening krona burdened earnings at the world's second- biggest truckmaker.
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