Company Earnings Announcement
Australian Westfield shopping centres have proved highly resilient, with near record low vacancy rates and growing rents despite retail conditions continuing to be challenging.
Shopping centre owner Westfield Group announced on Wednesday that its annual profit has dropped by 7 percent due to its sale of several US malls and the buyback of its own securities.
But the company said the Australian business had performed well in tough but improving trading conditions.
SoftBank Corp. said on Wednesday its group net profit for the April-December period rose 58.1 percent from a year earlier to JPY488.23 billion, supported by solid sales of Apple iPhones and increased subscriptions.
The mobile phone carrier's consolidated operating profit rose 46.3 percent to JPY924.23 billion on sales of JPY4.56 trillion, up 94.4 percent.
Italian fashion house Prada SpA said on Wednesday that sales grew just 9 percent in the year ended on 31 Jan., hurt by economic weakness in Europe and a stronger euro.
Prada, which makes luxury handbags, shoes, eye glasses and Miu Miu-branded dresses, published a preliminary sales figure of EUR3.59 billion (USD4.9b) for 2013. Analysts on average were expecting EUR3.67b, according to Thomson Reuters data.
Premium US fashion house Ralph Lauren on Wednesday reported better-than-expected results for the third quarter of fiscal 2014 (3Q14), lifting revenue growth forecast for the full-year to 7 percent – the high end of its previously projected range of 5-7 percent.
Net income rose 10 percent to USD237 million for the three months ended on 28 December 2013 from USD216m in the same period of the previous fiscal year.
Yahoo's fourth-quarter results were pretty much in line with analyst estimates. This time, investors found disappointment in a business Yahoo has no control over: Alibaba.
Yahoo, which owns a 24 percent stake in Alibaba, reported the Chinese e-commerce giant's growth is slowing.
Yahoo reported Alibaba's revenue was USD1.78 billion for the quarter ended in September, up 51 percent from a year ago. That compares with 61 percent year-over-year growth in the previous three months and 71 percent growth in the period before that.
EBay is reporting higher earnings and revenue for the last three months of 2013, driven by a strong holiday season for its e-commerce site and PayPal.
The company also says it has received a notice from activist investor Carl Icahn seeking a spinoff of PayPal. But eBay says it has looked into that and does not believe it is best for shareholders.
EBay Inc said on Wednesday that it earned USD850 million, or 65 US cents per share, in the October-December period. That's up 13 percent from USD751 million, or 57 US cents per share, a year earlier.
Japan's Fast Retailing, operator of the Uniqlo casual clothing store chain, on Thursday reported a jump in quarterly profit after shifting its strategy to lure shoppers to spend more at its stores, in part by offering higher-end goods such as cashmere sweaters.
Operating profit in its first fiscal quarter to end-November rose 13 percent to JPY64.0 billion (USD610.48 million), surpassing the JPY59.9 billion forecast of four analysts surveyed by Thomson Reuters I/B/E/S.
Taiwan's leading smartphone maker HTC said Sunday that it had swung to profit in the three months to December after a quarterly net loss, the first since listing in 2002.
Gome Electrical Appliances Holding Ltd said on Monday it returned to profit in the first three quarters as the domestic home appliance market rebounded. Profit in the nine months ended 30 September totaled CNY582 million (USD94 million), with sales adding 8 percent to CNY41.7 billion (USD6.8 billion), the company said in a Hong Kong stock exchange filing on Monday.
Wal-Mart Stores Inc. on Friday said its third-quarter profit rose 2.8 percent, but the world’s largest retailer saw a sales shortfall as its low-income shoppers feel squeezed around the globe. The discounter also cut its outlook for the full year.