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DuPont reports 4Q loss, steps up cost cuts ahead of Dow deal
2016-01-26 18:24:23| Chemicals - Topix.net
DuPont Co., pursuing a merger with Dow Chemical, tipped to a fourth-quarter loss as volumes declined and the strong dollar weighed on results. The company is ratcheting up spending cuts ahead of the deal, announcing it expects about $730 million in cost reductions by the end of the year.
LG Electronics posts 4Q loss as mobile business struggles
2016-01-26 11:10:48| Electronics - Topix.net
South Korea's second-largest consumer electronics company said Tuesday it had a net loss of 140.4 billion won for the October-December period, compared with a net loss of 205.7 billion won a year earlier. Quarterly sales fell 5 per cent to 14.6 trillion won.
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LG posts Q4 loss on flat smartphone sales
2016-01-26 08:29:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported improved operating profit for the fourth quarter compared to a year earlier, as better margins in TVs and home appliances helped offset losses at its mobile phone business. The company's operating profit rose 27 percent year-on-year to KRW 349 billion. Sales were still down 4.7 percent to KRW 14.56 trillion, and the bottom line was a net loss of KRW 141 billion, due to losses at LG Display. At the mobile phone business, sales were flat year-on-year at KRW 3.8 trillion, and the operating margin was a negative 1.2 percent, the second consecutive quarter in the red. Worldwide, LG shipped a total of 15.3 million smartphones in the quarter, contributing to a total of 59.7 million units in 2015, a slight increase from the 59.1 million in 2014. LG said it expects the smartphone marketplace to be increasingly competitive in 2016 amid new premium models from competitors and further price competition in the mass-market tier. The introduction of two new flagship models and a more cost-competitive value chain is expected to improve the company's profitability in 2016.
Sprint narrows fiscal Q3 loss on cost cuts
2016-01-26 01:00:00| Total Telecom industry news
Strong postpaid, wholesale customer additions more than offset prepaid losses.
Halliburton reports a quarterly loss and continues to expect...
2016-01-25 16:31:47| Energy - Topix.net
The second big fourth-quarter earnings report from an energy company is out, and it's telling pretty much the same story about the sector's struggles. It reported a net income loss per share of 79 cents for the full year.
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