Ericsson reported Tuesday lower profit in its fourth quarter, despite a slight increase in net sales. The company also announced higher dividend. Looking ahead, Ericsson noted that consumer demand and mobile data traffic growth continues to be strong in North America. However, North American mobile broadband business are expected to remain slow in the short-term.
Here is a list of interesting earnings for Jan. 27.
1. RLI Corp (RLI) on Monday reported fourth-quarter net earnings of $37.5 million or $0.85 per share compared with $33.9 million or $0.77 per share last year.
Excluding items, operating earnings for the quarter were $0.71 per share compared with...
CEL-SCI Corp. (CVM) is all set to expand its phase III trial of investigational therapy Multikine, developed as a potential first-line treatment for advanced primary head and neck cancer, into Romania.
Dutch consumer electronics company Koninklijke Philips Electronics NV (PHGFF.PK, PHG) Tuesday reported a sharp decline in fourth-quarter profit, amid performance issues and some soft markets. The firm reduced its goals for 2016, and the stock fell over 3 percent in early trade.
Novartis AG reported Tuesday lower profit in its fourth quarter, mainly reflecting the impact of its divestments as it aims to focus on core businesses of innovative pharmaceuticals, eye care, and generics. Net sales also were hurt by weak Pharmaceuticals segment. Looking ahead, the company projects growth in net sales and core operating income for fiscal 2015.
German conglomerate Siemens AG (SIEGY, SMAWF, SIEGY.PK) Tuesday posted lower profit for the first quarter, despite a five percent growth in revenues, amid a weak economy and the decline in oil prices. The company reiterated its full-year expectations, while adding that it expects business environment to be complex in fiscal 2015, due to geopolitical tensions.
European stocks are likely to open higher on Tuesday on optimism that creditors will seek a compromise deal over Greece's debt to prevent it from exiting the euro zone.
The Asian markets are turning in a mixed performance, with Japanese shares rallying sharply on the back of a weaker yen after finance...
Software giant Microsoft Corp. said Monday after the markets closed that its second quarter profit fell 11% from last year, hurt mainly by integration and restructuring costs as well as higher income tax expenses even as revenue increased 8% due to strong sales of its gadgets and cloud-based products.
United Technologies Corp (UTX) on Monday reported an increase in profit for the fourth quarter as revenues grew, with the conglomerate slashing its full-year profit forecast citing a strong U.S. dollar.
Hartford, Connecticut, based United Technologies' fourth-quarter profit rose to $1.47 billion or...
Texas Instruments, the world's largest analog chip maker, Monday reported a 61 percent jump in fourth-quarter profit, led by growth in analog and embedded processing as well as one-time gains. Earnings were in line with Wall Street estimates, while revenues were above expectations.
After recovering from an early move to the downside, stocks moved modestly higher over the course of the trading day on Monday. With the turnaround on the day, the tech-heavy Nasdaq closed higher for the sixth consecutive session.
After fluctuating for much of the day, U.S. crude oil ended lower to a near 6-year low for a third session Monday, amid speculation that the OPEC will keep prices low in a bid to stifle competition.
Saudi Arabia, Iran and other major OPEC producers are convinced they can withstand cheap oil while...
Gold futures ended lower for a second straight session Monday, ahead of the Federal Reserve's policy meet minutes with waning safe haven appeal for the precious metal, even as investors remain focused on this week's closely-watched Federal Reserve meeting.
Although the Federal Reserve members are...
Thousands of flights have been cancelled ahead of a major winter storm that is expected to hit the U.S. Northeast from Monday through Tuesday.
According a fresh bulletin from the National Weather Service, a storm system off the East Coast will continue to strengthen as it develops into a major nor'easter...
After coming under pressure in early trading, stocks have regained some ground over the course of the trading session on Monday. The major averages have climbed well off their lows for the session and are now nearly flat on the day.