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Tiffany's sales, profit beat on higher tourist spending in Europe
2015-05-27 20:40:43| Jewelry - Topix.net
Luxury jeweler Tiffany & Co reported better-than- expected quarterly sales and profit as it benefited from higher spending by tourists in Europe and growing demand for its Tiffany T line of fashion jewelry. A clock is placed in front of a store of U.S. jeweller Tiffany at the Bahnhofstrasse shopping street in Zurich in this file photo from December 23, 2013.
Tags: sales
europe
higher
profit
Samsung Q1 profit slips despite higher smartphone shipments
2015-04-29 09:12:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics said revenues for the first quarter fell to KRW 47.12 trillion from 53.68 trillion the year before, with the operating profit sliding to KRW 18.16 trillion from 21.63 trillion and the net profit going lower to KRW 4.63 trillion from 7.57 trillion. Revenues went down to KRW 10.26 trillion from 11.32 trillion for Consumer Electronics (CE) and to KRW 25.89 trillion from 32.44 trillion at IT & mobile communications (IM). At Display Panel (DS), revenues lifted to KRW 17.10 trillion from 15.56 trillion. Samsung said smartphone shipments increased quarter-on-quarter, led by mid to low end products although its average selling price (ASP) declined. Network revenue declined from Q4 due to decreased investment in LTE network by overseas carriers. Looking forward, Samsung expects smartphone and tablet demand to stagnate in the second quarter due to continued weak seasonality. Profit should improve on the back of increased high-end sales, although marketing expenses will also increase. For the full year, product and marketing competition will increase amid a slowdoan of smartphone growth. Samsung added that demand might weaken due to negative forex effects.
Tags: higher
samsung
profit
smartphone
Texas Instruments posts higher first-quarter profit and revenue on auto and industrial strength
2015-04-23 10:54:17| Semiconductors - Topix.net
Texas Instruments Inc. posted higher profits and revenue based on strong automotive and industrial markets, but the company expects a tougher current quarter. The chipmaker today reported that its first-quarter net profit jumped 35 percent to $656 million, or 61 cents per share, from $487 million, or 44 cents per share, a year earlier.
Tags: auto
posts
industrial
higher
Commodity trader Louis Dreyfus posts higher 2014 profit
2015-03-26 12:32:05| Agriculture - Topix.net
Global trading group Louis Dreyfus Commodities B.V. reported a rise in full-year profit on Thursday as increased volumes and healthy processing margins helped offset lower market prices. Louis Dreyfus is one of the "ABCD" quartet of companies -alongside Archer Daniels Midland, Bunge and Cargill - that dominates agricultural commodity trading.
Tags: posts
higher
louis
profit
Nike Profit Upon Higher Demand for Apparel, Shoes
2015-03-19 23:40:09| Footwear - Topix.net
Nike Inc , the world's largest sportswear maker, reported a 16 percent jump in quarterly profit due to higher demand for its apparel and basketball and running shoes. Nike said on Thursday its net income rose to $791 million, or 89 cents per share, in the third quarter ended Feb. 28, from $682 million, or 75 cents per share, a year earlier.
Tags: higher
apparel
demand
shoes
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