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UTC's Results Rise On Higher Commercial Aerospace Demand; Organic Sales Growth Improves
2014-10-25 13:17:17| Industrial Machines - Topix.net
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Tags: results
sales
commercial
higher
UTC's Results Rise On Higher Commercial Aerospace Demand; Organic Sales Growth Improves
2014-10-24 21:51:32| Paper - Topix.net
Great Speculations' contributor page is devoted to investing ideas that will help make you wiser and richer. Most articles will contain actionable advice.
Tags: results
sales
commercial
higher
Ericsson sales growth improves to 9% in Q3
2014-10-24 08:54:00| Telecompaper Headlines
(Telecompaper) Ericsson reported third-quarter sales up 9 percent year-on-year to SEK 57.6 billion. Sales for comparable units, adjusted for currency effects, grew by 3 percent annually and 2 percent quarterly. The growth was mainly driven by the Middle East, China, India and Russia, and was partly offset by a sales decline in North America. The company's gross margin increased to 35.2 percent from 32.0 a year ago, driven by an improved business mix, higher IPR revenues and lower restructuring charges. Operating profit still fell to SEK 3.9 billion from SEK 4.2 billion in the year-earlier period, due to a revaluation of unrealized hedge contracts of SEK 1.0 billion. Ericsson said it also faced higher operating expenses related to modems and the acquired Mediaroom business as well as a planned ramp up of investments in IP. Net profit fell 13 percent to SEK 2.6 billion, and operating cash flow was a negative SEK 1.4 billion. Ericsson said it was benefiting from mobile broadband contracts in Greater China, improving conditions in Japan and India and a return to growth in parts of Europe. Sales slowed in North America as operators there focused more on cash flow optimisation.
Tags: sales
growth
ericsson
improves
ZTE sales growth accelerates to 24% in Q3
2014-10-23 12:22:00| Telecompaper Headlines
(Telecompaper) ZTE reported third-quarter net profit up 191 percent from a year earlier to CNY 703 million. Revenue growth accelerated to 24 percent in Q3, from just 0.5 percent in H1, led by over 40 percent growth in handset sales. ZTE also posted growth in revenue from carrier network equipment, including 4G systems, and telecommunications software systems. Total sales reached CNY 21.1 billion. Net profit in the fist nine months of the year rose 232 percent from a year earlier to CNY 1.83 billion, in line with the company's outlook. For the full year, ZTE forecast net profit of CNY 2.5-2.8 billion, equal to annual growth of 84-106 percent. ZTE said it experienced strong growth in its operations in Europe, North America and China, as the company focused on key products including LTE, 100G optical networks, GPON, high-performance network routers and premium smartphones. The company also claimed the top spot in the LTE market in its home market China.
Tags: sales
growth
q3
accelerates
Machinery and equipment led wholesale sales growth in August: StatsCan
2014-10-20 18:40:00| Canadian Plastics Headlines
Buoyed by gains in increases in the machinery, equipment and supplies subsector, wholesale sales in Canada edged up 0.2% to $53.1 billion in August 2014, according to Statistics Canada.
Tags: august
sales
equipment
led
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