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Volkswagen suffers loss due to scandal but sales hold up
2015-10-29 09:35:38| Automakers - Topix.net
In this Oct. 23, 2015 file photo a worker touches the logo of Volkswagen AG on a Phaeton in Dresden, Germany. Volkswagen is reporting a loss of 1.67 billion euros in the third quarter, Wednesday, Oct. 28, 2015, as earnings took a hit from 6.7 billion euros in set-asides for recalls and fines connected to cars rigged to evade U.S. diesel emissions testing.
Sony swings to profit on PS4 sales
2015-10-29 09:11:07| BBC News | Business | UK Edition
Japanese tech giant Sony reports a second-quarter profit, driven by strong sales of its PlayStation 4 video games.
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PayPal sales up 15% to USD 2.26 bln, adds 4 mln users
2015-10-29 08:58:00| Telecompaper Headlines
(Telecompaper) Digital payment processor PayPal reported third quarter revenues up 15 percent year on year to USD 2.26 billion, or USD 0.31 per share, just below its anticipated earnings target of USD 2.27 billion, or USD 0.29 per share. In what was the company's first earnings report since splitting from eBay in July, PayPal said the strength of the USD dollar hurt its transaction volumes in Europe and China, with revenues rising 19 percent on an FX neutral basis. However, the company's adjusted profits rose 31 percent to USD 377 million and it increased its total payment volume by 27 percent to USD 68.74 billion, including USD 2.1 billion processed through its P2P app Venmo, which grew 200 percent year on year. Transactions from mobile devices were up 38 percent from the previous quarter alone to a total of 345 million. Customer numbers increased from 169 million in Q3 to 173 million on 30 September and the company continued to add new partners, announcing deals with Macy's, Shell in the UK and Latin America's largest mobile provider America Movil.
Nokia improves FY margin target, Q3 sales down 2%
2015-10-29 08:54:00| Telecompaper Headlines
(Telecompaper) Nokia reported third-quarter sales down 2 percent year-on-year to EUR 3.04 billion. Excluding currency effects, sales fell 10 percent. Adjusted earnings declined 11 percent to EUR 0.08 per share, and reported earnings dropped to EUR 0.05 from EUR 0.57 per share a year ago when the company booked a deferred tax asset. Adjusted operating profit was still 4 percent higher at EUR 475 million, due largely to savings at group level. Nokia Networks recorded sales down 2 percent to EUR 2.88 billion, and adjusted operating profit fell 2 percent to EUR 391 million. Despite the weaker result, Nokia said it still expects sales growth at the networks business over the full year and to maintain strong profitability. It now expects Networks to achieve the high end of the long-term adjusted operating margin target of 8-11 percent in 2015.
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Solvay boosts sales, maintains full-year outlook
2015-10-29 08:42:35| Chemicals - Topix.net
Franco-Belgian chemical group Solvay SA reported rising net sales in the third quarter on Thursday on foreign-exchange fluctuations, and kept its outlook stable for 2015, continuing to predict "solid" growth in earnings. In the third quarter, the group's net sales were 2.71 billion euros , up 5% on the year and slightly above forecasts.
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