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Saab Q1 Net Profit Down 4% - Quick Facts

Saab AB (SAABF.PK) posted 4% lower first-quarter net income of SEK 265 million compared with year-ago quarter's SEK 277 million, while earnings per share after dilution remained flat at SEK 2.56.

Sales increased 2% to SEK 5.57 billion from SEK 5.45 billion in the comparable period last year, reflecting a positive impact from acquisitions of 4 percent.

The company's outlook for 2012 remains unchanged, estimating sales to increase slightly compared with 2011, and operating margin before material net capital gains to be in line with 2011 operating margin, excluding material net capital gains, of 7.5 percent.

by RTT Staff Writer

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Consumer goods giant Procter & Gamble Co. on Tuesday reported a 4 percent increase in profit for the first quarter from last year on a slight decline in sales. However, both revenue and core earnings per share for the quarter beat analysts' estimates. In addition, the company affirmed its financial outlook for fiscal 2017. Merck & Co. Inc. (MRK) reported a profit for the third-quarter that increased about 20 percent, while quarterly worldwide sales grew 5 percent. The company raised its full-year 2016 outlook. Drug maker Eli Lilly and Co. reported Tuesday lower profit in its third quarter, despite higher revenues. Adjusted earnings per share and top line missed analysts' estimates. Further, for fiscal 2016, the company trimmed its forecast for reported earnings, while maintained adjusted earnings view, and raised revenue forecast.
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