Philips posts higher profits
Fin24 - Jul 24th 2012, 07:53
The Hague - Dutch electronics giant Philips on Monday posted higher than forecast second quarter net profits of €167m, thanks to a 13% jump in sales.
The results were a huge improvement over the company's dismal €1.35bn net loss in the same period last year.
Analysts interviewed by Dow Jones Newswires, had forecast the net profit at €105m for this year's second quarter.
Philips faces restructuring charges stemming from a cost reduction programme unveiled last year.
The company is known for its televisions, small appliances and light bulbs, but has begun to develop activities in the medical equipment sector.
Microsoft reports powerful performance
25/10/2013 - 09:58
Microsoft Corp cruised past Wall Street’s quarterly profit and revenue forecasts on Thursday, helped by strong sales of its Office and server software to businesses, sending its shares up more than 5 percent after hours.
Samsung surges to new profit high
25/10/2013 - 09:51
Samsung Electronics Co Ltd’s quarterly operating profit surged 26 percent to a new record, matching estimates and powered by a strong recovery in its memory chip business as smartphone sales growth eases sharply.
HP CEO promises stability in 2014
11/10/2013 - 09:21
Hewlett Packard Co Chief Executive Meg Whitman expects revenue to stabilize in 2014 with “pockets of growth” before the business accelerates again in 2015, sending the stock up as much as 9.5 percent on Wednesday.
Microsoft lines up more TV projects for Xbox One
18/09/2013 - 15:43
Microsoft Corp will follow its Steven Spielberg collaboration with more television projects aimed at positioning its new Xbox games console as a home entertainment hub.
JD Group earnings fall as consumers suffer
30/08/2013 - 08:17
Joahnnesburg - Retailer JD Group [JSE:JDG] reported a 10% drop in full-year earnings on Monday, and hiked its provision for bad loans, as debt-laden customers continue to suffer.