Company Earnings Announcement
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.
Starbucks on Wednesday reported a 34 percent increase in fourth-quarter profit, a sign of its success in enticing customers in to its coffee shops with pumpkin lattes and other seasonal drinks.
Finnish mobile phone manufacturer Nokia announced Tuesday a net loss of EURO91 million (USD125 million) in the third quarter as sales continued to spiral downwards.
Kering Group reports third-quarter revenue trailed estimates amid the weakest growth in four years at the Gucci luxury-goods brand of 0.6 percent. For Q3, Gucci’s parent company, Kering Group announced a turnover of 1.6 billion euros, a 5.6 percent increase compared to the same period last year.
The American premium house Coach reported sales of USD1.15 billion for its first fiscal quarter ending 28 September 2013, compared with USD1.16 billion reported in the same period of the prior year, a decrease of 1 percent. Coach’s main market, the US reported sales decline of 1 percent to USD778 million, compared to USD784 million last year.
US consumer goods giant Procter & Gamble reported a 7.6 percent rise in quarterly earnings Friday on higher sales and confirmed its financial outlook.
P&G, a component of the Dow index, said earnings for the period ending September 30 came in at $3 billion on revenues of $21.2 billion, up from the prior year level of $2.8 billion on revenues of $20.7 billion.