Kone Profit Jumps 25%
Jan 28, 5:27 PM EST |
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| Net income rose 25.5% to €100.6 million or 80 cents per share from €80.2 million or 64 cents per share a year ago. |
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| The Finnish elevator supplier attributed the results to increased construction in eastern Europe and the Middle East. Operating income was €150.4 million, in line with estimates, as the profit margin rose to 12.4%, beating the Kone''''''''s 12% target. New orders climbed 27%, with the biggest jump in the Asia-Pacific region, while North American sales rose 5.6%. Kone expects on the higher levels of urbanisation to boost its future earnings. |
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Nokia Rises on 48% Earnings Gain
Jan 24, 1:25 PM EST |
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| Nokia estimated device market share increased to 40% in 2007 from 39% a year ago. Sales and earnings increased on China, India, and European markets. |
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| Nokia fourth quarter sales increased 34% to 15.7 billion euros and 5% rise in mobile phone division sales to 7.4 billion euros. Nokia reported fourth quarter earnings per share of 47 euro cents, a rise of 57% from 206 on 15.7 billion euro an increase of 34%. Nokia device volumes in the quarter increased to 133.5 million units, up 27% from a year ago in the fourth quarter. |
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IBM Earnings Up on Services
Jul 18, 6:05 PM EDT |
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| IBM service revenue growth of 22% propel second quarter earnings. Asia led the regional growth. Software sales jumped 13% and services surged 22%. |
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| IBM second quarter earnings increased 15% on the revenue rise of 9%. Sales in Asia grew the fastest, with 10% followed by 6% rise in Europe and Middle East. Service revenue in the quarter gained 22% and the backlig for the maintenance contract rose 5% to $116 billion. The stock in the after hours jumped 3.5%. |
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