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    Earnings News Headlines

    • Micron profit beats estimates as chip prices climb Sruthi Ramakrishnan - Reuters - 7 hrs ago

      By Sruthi Ramakrishnan (Reuters) - Micron Inc reported a better-than-expected quarterly profit due to higher prices for its memory chips used in personal computers, mobile … More »Micron profit beats estimates as chip prices climb

      By Sruthi Ramakrishnan (Reuters) - Micron Inc reported a better-than-expected quarterly profit due to higher prices for its memory chips used in personal computers, mobile handsets and tablet devices. The company said average selling prices of its dynamic random access memory (DRAM) chips, mostly used in PCs and which accounted …

    • A new Blackberry Z10 smartphone is displayed at a store in New York
      BlackBerry shares fall as analyst downgrades stock ahead of earnings Reuters - 9 hrs ago

      TORONTO (Reuters) - BlackBerry shares fell 4 percent on Wednesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's … More »BlackBerry shares fall as analyst downgrades stock ahead of earnings

      A new Blackberry Z10 smartphone is displayed at a store in New York

      TORONTO (Reuters) - BlackBerry shares fell 4 percent on Wednesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week. While Bernstein's Pierre Ferragu said he expected disappointing results from the smartphone maker, other analysts …

    • Currency factors weigh on retailer H&M's Q2 profit AP - 20 hrs ago

      STOCKHOLM (AP) — Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased … More »Currency factors weigh on retailer H&M's Q2 profit

      STOCKHOLM (AP) — Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its products.

    • A Tea Party member reaches for a pamphlet at a "Food for Free Minds Tea Party Rally" in Littleton
      Analysis: Hospital investors sold on U.S. health reform despite bumps Susan Kelly - Reuters - 23 hrs ago

      By Susan Kelly CHICAGO (Reuters) - Shares of U.S. hospital operators have been on a tear this year, on average posting triple the gains of the broader stock market, as … More »Analysis: Hospital investors sold on U.S. health reform despite bumps

      A Tea Party member reaches for a pamphlet at a "Food for Free Minds Tea Party Rally" in Littleton

      By Susan Kelly CHICAGO (Reuters) - Shares of U.S. hospital operators have been on a tear this year, on average posting triple the gains of the broader stock market, as investors tallied up the benefits of President Barack Obama's healthcare reform. While some on Wall Street have held back amid signs of trouble as U.S. states …

    • Exclusive: SunGard explores $2 billion data unit sale - sources Greg Roumeliotis and Soyoung Kim - Reuters - Tue, Jun 18, 2013

      By Greg Roumeliotis and Soyoung Kim NEW YORK (Reuters) - SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring … More »Exclusive: SunGard explores $2 billion data unit sale - sources

      By Greg Roumeliotis and Soyoung Kim NEW YORK (Reuters) - SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter said on Tuesday. The business for …

    • A visitor walks past logos at the TSE in Tokyo
      Japan's Nikkei seen rising 51 percent in 2013: Reuters poll Ayai Tomisawa - Reuters - Tue, Jun 18, 2013

      By Ayai Tomisawa TOKYO (Reuters) - Japan's Nikkei will rise 51 percent in 2013 on expectations of higher company earnings, driven by a weaker yen after Prime Minister … More »Japan's Nikkei seen rising 51 percent in 2013: Reuters poll

      A visitor walks past logos at the TSE in Tokyo

      By Ayai Tomisawa TOKYO (Reuters) - Japan's Nikkei will rise 51 percent in 2013 on expectations of higher company earnings, driven by a weaker yen after Prime Minister Shinzo Abe embarked on radical fiscal and monetary expansionary policies to spur growth, a Reuters poll showed, A gradual economic recovery in the United …

    • People work on machines at clothing factory at an industrial town of Newcastle
      South Africa's employment edges up 0.1 pct in first quarter Reuters - Tue, Jun 18, 2013

      JOHANNESBURG (Reuters) - Employment in South Africa's non-agriculture sector edged up 0.1 percent in the first quarter of 2013 compared with the previous three months, … More »South Africa's employment edges up 0.1 pct in first quarter

      People work on machines at clothing factory at an industrial town of Newcastle

      JOHANNESBURG (Reuters) - Employment in South Africa's non-agriculture sector edged up 0.1 percent in the first quarter of 2013 compared with the previous three months, although the key mining and manufacturing sectors shed jobs, Statistics South Africa said on Tuesday. On a year-on-year basis, the number of people with …

    • A man takes a photograph of a logo of Samsung Electronics Co Ltd's latest flagship smartphone S4 during its launch event in Seoul
      Samsung analysts ask hard questions as S4 marketing charm wears off Miyoung Kim - Reuters - Sun, Jun 16, 2013

      By Miyoung Kim SEOUL (Reuters) - Analysts fell under Samsung Electronics Co Ltd's marketing spell when they made what they now admit were hopelessly optimistic forecasts … More »Samsung analysts ask hard questions as S4 marketing charm wears off

      A man takes a photograph of a logo of Samsung Electronics Co Ltd's latest flagship smartphone S4 during its launch event in Seoul

      By Miyoung Kim SEOUL (Reuters) - Analysts fell under Samsung Electronics Co Ltd's marketing spell when they made what they now admit were hopelessly optimistic forecasts for its smartphone sales. Samsung's huge share of the high-end smartphone market also persuaded some analysts to downplay industry data pointing to a fast-saturating …

    • (Blank Headline Received)
      Tanzania current account deficit narrows 13 pct in year to April Reuters - Fri, Jun 14, 2013

      DAR ES SALAAM (Reuters) - Tanzania's current account deficit narrowed by 13.3 percent in the year to April, with stronger tourism, manufacturing and agricultural output … More »Tanzania current account deficit narrows 13 pct in year to April

      (Blank Headline Received)

      DAR ES SALAAM (Reuters) - Tanzania's current account deficit narrowed by 13.3 percent in the year to April, with stronger tourism, manufacturing and agricultural output and earnings cushioning a decline in gold exports, its central bank said on Friday. The current account deficit narrowed to $3.94 billion in the 12 months …

    • Dorel blames wet weather as it cuts bicycle sales outlook Euan Rocha - Reuters - Thu, Jun 13, 2013

      By Euan Rocha TORONTO (Reuters) - Dorel Industries Inc warned on Thursday that earnings from its recreational unit will be weaker than expected as wet weather has dampened … More »Dorel blames wet weather as it cuts bicycle sales outlook

      By Euan Rocha TORONTO (Reuters) - Dorel Industries Inc warned on Thursday that earnings from its recreational unit will be weaker than expected as wet weather has dampened bicycle sales in the United States, Canada and Europe, driving its shares down 6.4 percent. The Montreal-based company, which also makes strollers, car …

    • Shoppers browse the aisles in the Canary Wharf store of Waitrose in London
      Britons' net incomes fall to lowest since 2001-02 Reuters - Thu, Jun 13, 2013

      LONDON (Reuters) - Britons' real net incomes fell to their lowest level in a decade in the year ending in March 2012, annual data from the country's labour ministry showed … More »Britons' net incomes fall to lowest since 2001-02

      Shoppers browse the aisles in the Canary Wharf store of Waitrose in London

      LONDON (Reuters) - Britons' real net incomes fell to their lowest level in a decade in the year ending in March 2012, annual data from the country's labour ministry showed on Wednesday. Average net incomes including social benefits fell 3 percent during the 2011/12 tax year to their lowest level since 2001/02 on an inflation-adjusted …

    • A view of the Dupont logo on a sign at the Dupont Chestnut Run Plaza facility near Wilmington, Delaware
      DuPont says wet spring to hit operating profit Reuters - Thu, Jun 13, 2013

      (Reuters) - Chemical maker DuPont said its operating profit would fall more than it expected in the first half of the year as a wet spring in North America and Europe … More »DuPont says wet spring to hit operating profit

      A view of the Dupont logo on a sign at the Dupont Chestnut Run Plaza facility near Wilmington, Delaware

      (Reuters) - Chemical maker DuPont said its operating profit would fall more than it expected in the first half of the year as a wet spring in North America and Europe hurt its agriculture business, sending its shares down 1.5 percent. Dupont is focusing on food and agricultural products to cut its dependence on a weakening …

    • Dorel says bad weather slows bicycle sales Reuters - Thu, Jun 13, 2013

      TORONTO (Reuters) - Dorel Industries Inc warned on Thursday that earnings from its recreational unit will be weaker than expected as wet weather has slowed bicycle sales … More »Dorel says bad weather slows bicycle sales

      TORONTO (Reuters) - Dorel Industries Inc warned on Thursday that earnings from its recreational unit will be weaker than expected as wet weather has slowed bicycle sales in the United States, Canada and Europe. The Montreal-based company, which also makes strollers, car seats and home furnishings, said the bicycle market …

    • Mauritius Telecom's pretax profit edges up in 2012 Reuters - Wed, Jun 12, 2013

      PORT LOUIS (Reuters) - Mauritius Telecom, the Indian Ocean island's main provider of telecommunications services, has posted a 0.7 percent increase in its pretax profit … More »Mauritius Telecom's pretax profit edges up in 2012

      PORT LOUIS (Reuters) - Mauritius Telecom, the Indian Ocean island's main provider of telecommunications services, has posted a 0.7 percent increase in its pretax profit for last year. The company said pretax profit rose to 2.56 billion rupees from 2.55 billion a year ago on turnover up 300 million rupees at 8 billion rupees. …

    • Kenyan city residents walk past Stanbic Bank in the capital Nairobi
      Nigeria's Stanbic sees Q3 pretax profit up 39 pct Reuters - Tue, Jun 11, 2013

      LAGOS (Reuters) - The Nigerian unit of South Africa's Standard Bank said on Tuesday it expected its pretax profit for the third quarter to hit 4.38 billion naira, compared … More »Nigeria's Stanbic sees Q3 pretax profit up 39 pct

      Kenyan city residents walk past Stanbic Bank in the capital Nairobi

      LAGOS (Reuters) - The Nigerian unit of South Africa's Standard Bank said on Tuesday it expected its pretax profit for the third quarter to hit 4.38 billion naira, compared with 3.14 billion naira in the same period last year. The lender said gross earnings will be 21.52 billion naira in the three-months to September 2013, …

    • Nigeria's GT Bank sees Q3 profit at 20.7 bln naira Reuters - Tue, Jun 11, 2013

      LAGOS (Reuters) - Nigeria's Guaranty Trust Bank said on Tuesday it expected its pretax profit for the third quarter to hit 20.7 billion naira, compared with 21.9 billion … More »Nigeria's GT Bank sees Q3 profit at 20.7 bln naira

      LAGOS (Reuters) - Nigeria's Guaranty Trust Bank said on Tuesday it expected its pretax profit for the third quarter to hit 20.7 billion naira, compared with 21.9 billion naira in the same period last year. The lender said gross earnings will be 41.25 billion naira in the three-months to September 2013, down 42 percent from …

    • Nigeria's Union Bank Q1 pre-tax profit rises 40 pct Reuters - Tue, Jun 11, 2013

      LAGOS (Reuters) - Nigeria's Union Bank said on Tuesday it first quarter pre-tax profit rose 40.33 percent to 7.69 billion naira, compared with 5.48 billion naira in the … More »Nigeria's Union Bank Q1 pre-tax profit rises 40 pct

      LAGOS (Reuters) - Nigeria's Union Bank said on Tuesday it first quarter pre-tax profit rose 40.33 percent to 7.69 billion naira, compared with 5.48 billion naira in the same period last year. It gave no reason for the rise. Gross earnings dropped marginally to 29.79 billion naira from 29.84 billion naira the same period …

    • Lululemon Losses Its Head After See-Through Pants Scandal
      Lululemon Losses Its Head After See-Through Pants Scandal Connor Simpson - The Atlantic Wire - Mon, Jun 10, 2013

      Christine Day, the CEO of the workout clothing giant Lululemon, announced Monday afternoon during a company earnings call that she's stepping down after a costly, offensive … More »Lululemon Losses Its Head After See-Through Pants Scandal

      Lululemon Losses Its Head After See-Through Pants Scandal

      Christine Day, the CEO of the workout clothing giant Lululemon, announced Monday afternoon during a company earnings call that she's stepping down after a costly, offensive scandal in which her company failed to do what it does best: make workout pants that people feel comfortable in.

    • Tiger Woods of the U.S. watches his second shot on the 10th hole during the final round of the Memorial Tournament at Muirfield Village Golf Club in Dublin
      Woods reclaims top spot in Forbes study of sports earnings Reuters - Thu, Jun 6, 2013

      (Reuters) - Tiger Woods has become the world's best-paid athlete once again after reclaiming golf's number one ranking, according to business magazine Forbes. Woods had … More »Woods reclaims top spot in Forbes study of sports earnings

      Tiger Woods of the U.S. watches his second shot on the 10th hole during the final round of the Memorial Tournament at Muirfield Village Golf Club in Dublin

      (Reuters) - Tiger Woods has become the world's best-paid athlete once again after reclaiming golf's number one ranking, according to business magazine Forbes. Woods had total earnings of $78 million over the past year - $65 million in endorsements and the remainder from appearance and prize money, Forbes said in its annual …

    • Golf-Woods reclaims top spot in Forbes study of sports earnings Reuters - Thu, Jun 6, 2013

      June 6 (Reuters) - Tiger Woods has become the world's best-paid athlete once again after reclaiming golf's number one ranking, according to business magazine Forbes. … More »Golf-Woods reclaims top spot in Forbes study of sports earnings

      June 6 (Reuters) - Tiger Woods has become the world's best-paid athlete once again after reclaiming golf's number one ranking, according to business magazine Forbes. Woods had total earnings of $78 million over the past year - $65 million in endorsements and the remainder from appearance and prize money, Forbes said in …

    • Ahold earnings rise on sale of ICA chain AP - Tue, Jun 4, 2013

      AMSTERDAM (AP) — Royal Ahold NV, the Dutch owner of U.S. grocery chains Stop & Shop and Giant, says its first-quarter earnings rose sharply on the sale of the Scandinavian … More »Ahold earnings rise on sale of ICA chain

      AMSTERDAM (AP) — Royal Ahold NV, the Dutch owner of U.S. grocery chains Stop & Shop and Giant, says its first-quarter earnings rose sharply on the sale of the Scandinavian unit ICA. It said Tuesday underlying business was flat as shrinking margins offset rising sales.

    • S.Africa's Adcock H1 profit lower as weak rand bites Reuters - Tue, Jun 4, 2013

      JOHANNESBURG (Reuters) - South Africa's second-largest drug firm, Adcock Ingram, reported a 5 percent decline in first-half profit on Tuesday, hit by the weaker rand … More »S.Africa's Adcock H1 profit lower as weak rand bites

      JOHANNESBURG (Reuters) - South Africa's second-largest drug firm, Adcock Ingram, reported a 5 percent decline in first-half profit on Tuesday, hit by the weaker rand and as debt-laden consumers opted for cheaper medicines. Adcock, which is talks with several players looking to buy all or part of it, said diluted headline …

    • Rwanda's Bank of Kigali says Q1 profit rose 8.8 pct Reuters - Fri, May 31, 2013

      KIGALI (Reuters) - Rwanda's Bank of Kigali pretax profits rose 8.8 percent year-on-year in the first quarter to $6.8 million and the bank expects the opening of an office … More »Rwanda's Bank of Kigali says Q1 profit rose 8.8 pct

      KIGALI (Reuters) - Rwanda's Bank of Kigali pretax profits rose 8.8 percent year-on-year in the first quarter to $6.8 million and the bank expects the opening of an office in Kenya to help it tap more opportunities. The bank, which is the largest in the small African state by assets and has a 34 percent market share, said …

    • S.Africa's Foschini FY profit up 11 pct, lags consensus Reuters - Thu, May 30, 2013

      JOHANNESBURG (Reuters) - The Foschini Group, South Africa's No.3 listed clothing retailer, missed estimates with an 11 percent rise in full-year profit as debt-laden … More »S.Africa's Foschini FY profit up 11 pct, lags consensus

      JOHANNESBURG (Reuters) - The Foschini Group, South Africa's No.3 listed clothing retailer, missed estimates with an 11 percent rise in full-year profit as debt-laden consumers cut back on spending. Foschini, which also sells jewellery and furniture, said diluted headline earnings per share totalled 851.3 cents in the year …

    • Exclusive: Glu Mobile dips toe in U.S. real-money games Malathi Nayak - Reuters - Thu, May 30, 2013

      By Malathi Nayak SAN FRANCISCO (Reuters) - Glu Mobile Inc will allow U.S. players to win cash in one of its mobile games starting next month, betting that cash-based … More »Exclusive: Glu Mobile dips toe in U.S. real-money games

      By Malathi Nayak SAN FRANCISCO (Reuters) - Glu Mobile Inc will allow U.S. players to win cash in one of its mobile games starting next month, betting that cash-based contests will be a winning formula to expand revenue in the fledgling but potentially high-growth mobile gaming sector. The fast-growing mobile game developer, …

     

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