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Philips-102014.jpg Koninklijke Philips Electronics NV, which is being separated into two entities, reported Monday a loss in its third quarter, compared to prior year's profit, reflecting higher charges mainly related to the jury verdict in the Masimo litigation, as well as the voluntary production suspension at the Cleveland facility. Looking ahead, the company projected lower earnings in the second half.

Swedish home appliances company Electrolux AB (0MDT.L, ELUXY, ELUXF), which is in deal to buy General Electric Co.'s (GE) Appliances business, Monday reported that its income for the third quarter climbed to 933 million Swedish kroner or 3.26 kroner per share from last year's 656 million kroner or 2.29...

SAP-102014.jpg German business software maker SAP SE (SAP) Monday said third-quarter profit increased from the previous year, amid a 5 percent growth in revenues. However, citing the customer-driven mix shift from upfront to cloud subscription revenue, SAP reduced its non-IFRS operating profit forecast for 2014.

German department store operator Metro Group's (MTAGF.PK, MTTRY.PK) reported sales came in at 63.0 billion euros during the financial year 2013/14. Adjusted for the disposal of company operations, mainly Real's complete Eastern European business, sales were down by 1.1% year-over-year. Further, exchange...

Royal Philips (PHGFF.PK, PHG) reported a third-quarter loss from continuing operations of 92 million euros, compared to net income from continuing operations of 270 million euros, prior year. Net loss per share to shareholders was 0.11 euros, compared to profit of 0.31 euros. The Group said the year-on-year...

German business software maker SAP SE (SAP) Monday said third-quarter profit attributable to owners of parent rose to 880 million euros from 762 million euros in the previous year. Earnings per share advanced to 0.73 euro from 0.64 euro. The results are on the basis of IFRS. Total revenue grew 5 percent...

Beneficial Mutual Bancorp Inc (BNCL) Friday reported third-quarter net earnings of $6.5 million or $0.09 per share compared with $3.5 million or $0.05 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.05 per share for the quarter. Analysts' estimates typically exclude...

Huntington Bancshares Inc. (HBAN) on Friday reported a 13 percent decline in profit for the third quarter from last year, reflecting one-time expenses and an increase in provision for credit losses that more than offset higher revenues. Looking ahead to the fourth quarter, the company expects net...

Financial services company Comerica, Inc. (CMA) on Friday reported a 5 percent increase in profit for the third quarter from last year, reflecting a decline in non-interest expenses and a lower provision for credit losses. These were partly offset b a decline in non-interest income. However, adjusted...

Diversified financial services holding company SunTrust Banks, Inc. (STI) Friday reported a sharp increase in the third-quarter profit, reflecting 6 percent growth in revenue and decline in expenses. Provision for credit losses decreased from last year. For the third quarter, net income available...

Synchrony Financial (SYF), formerly GE Capital Retail Finance, Friday reported a decline in the third-quarter net profit. But earnings per share beat analysts' expectations. The net profit was affected by higher costs related to separation from General Electric company. Net profit declined to $548...

Financial services firm M&T Bank Corp. (MTB) reported Friday a profit for the third quarter that declined nine percent from last year, reflecting lower revenues and higher expenses. Operating earnings per share also missed analysts' expectations. "Revenue levels were largely unchanged in comparison...

Knoll Inc. (KNL) on Friday reported an 83 percent increase in profit for the third quarter from last year, reflecting a double-digit increase in sales and higher margins. Both revenue and earnings per share for the quarter beat analysts' expectations. Andrew Cogan, CEO of Knoll said, "It was a strong...

Textron Inc. (TXT) on Friday reported a 61 percent surge in profit for the third quarter from last year, reflecting the impact of the acquisition of Beechcraft Corp. and higher aircraft deliveries. Earnings per share for the quarter beat analysts' expectations, while revenues missed their estimates....

Transportation holding company Kansas City Southern (KSU) Friday said profit for the third quarter increased from the prior, along with higher revenues amid a 4 percent increase in carloads. Both earnings and revenues topped estimates. The stock added close to 5 percent in pre-market activity. Net...