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Microsoft quarterly sales fall 12%, profits higher

2015-10-23 07:17:00| Telecompaper Headlines

(Telecompaper) Microsoft reported a 12 percent drop in quarterly revenues to USD 20.379 billion, hurt by the stronger dollar. Windows sales to computer makers were also 6 percent lower, as the launch of Windows 10 had yet to gain pace, and phone revenue fell 54 percent at constant exchange rates, as Microsoft scaled back its presence in the market. Excluding currency effects, revenue for the fiscal first quarter to September fell 2 percent, while adjusted operating profit was up 11 percent to USD 7.074 billion. Net profit was still up 2 percent on a reported basis to USD 4.620 billion, and adjusted EPS rose to USD 0.67 from USD 0.65 a year ago. 

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Sales Fall at P&G

2015-10-23 07:00:00| Nonwovens Industry Breaking News

Down 12% from the same period a year ago.

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Video: New models fuel Daimler's sales

2015-10-23 06:40:51| Auto Dealers - Topix.net

Daimler's third-quarter operating profit jumped by almost a third as strong demand in Europe and China coupled with new product launches spurred luxury-car sales to a record. Hayley Platt reports.

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U.S. existing home sales rise more than expected, inventory tighter

2015-10-23 06:22:50| Real Estate - Topix.net

Homes are seen for sale in the northwest area of Portland, Oregon, in this file photo taken March 20, 2014. U.S. home resales rose more than expected in September to the second highest monthly sales pace since February 2007, suggesting the housing market continues to show strength compared to the rest of the economy.

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Expect Sirius XM to Ride Growing Car Sales to Higher Profits

2015-10-23 02:14:57| Auto Dealers - Topix.net

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