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Swisscom sees drop in revenues, EBITDA, minimal impact of Covid-19 crisis in Q1
2020-04-30 09:23:00| Telecompaper Headlines
(Telecompaper) Swisscom said that its revenues decreased by 4.3 percent year-on-year in Q1 2020 to CHF 2.73 billion, in line with expectations, and with minimal impact of the Covid-19 crisis on its financial results for the period. EBITDA fell 0.7 percent to CHF 1.11 billion. In the Swiss market, the company saw a 4.4 percent decline in revenues to CHF 2.07 billion in the first quarter, with revenues in the telecommunication services down by CHF 72 million amid persistent competitive and price pressure in various segments.
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Nokia improves margins on small drop in Q1 sales, sees Q2 impact from coronavirus
2020-04-30 08:50:00| Telecompaper Headlines
(Telecompaper) Nokia reported improved underlying profits in the first quarter, thanks to its cost reduction efforts and a limited impact from the Covid-19 pandemic. While revenues were down 2 percent to EUR 4.9 billion, adjusted operating profit was a positive EUR 116 million versus a loss of EUR 59 million a year ago. The company said it expects Q2 to show the most impact from the coronavirus crisis and slightly lowered the mid-point of its full-year outlook.
Qualcomm quarterly profits fall short of target, sees bigger drop in Q3
2020-04-30 08:05:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported net earnings for its fiscal second quarter to March down 25 percent year-on-year to USD 0.41 per share. The company said demand for mobile handsets was 21 percent below its forecast due to the impact of the Covid-19 pandemic. The chipmaker expects an even bigger shortfall of 30 percent in the third quarter to June.
Google revenue growth slows to 13% in Q1 on drop in ad spending
2020-04-29 08:30:00| Telecompaper Headlines
(Telecompaper) Google's parent company Alphabet reported a slowdown in first-quarter revenue growth, as the Covid-19 pandemic led to a drop in advertising on the search engine from March. Revenues rose 13 percent year-on-year to USD 41.2 billion, down from 17 percent annual growth a year earlier and in Q4. Google confirmed it would slow hiring and capex in response to the weaker economic climate.
Belgian pork exports see significant drop according to new market analytics
2020-04-28 13:03:00| ThePigSite - Industry News
ISN reports that pig exports from Belgium have declined significantly which experts attribute to the ongoing African swine fever outbreak, which has been depleting Belgian pig stocks and inhibiting trade.
Tags: market
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