Strong U.S. corporate results boosted Wall Street resulting in a rise of a number of global equity markets, in spite of IBM’s miss for its quarterly profits, as U.S. shares used positive outlook that sprouted out of a flood of shares of Japan as a stepping stone. Japan’s Nikkei upward move on Monday is a […]
Why Is Motorhome Maker Winnebago Average Selling Price Falling?
A downturn in its average selling price was reported by Winnebago Industries Inc. (WGO.N) as shares of the company plunged down to as much as 7 percent to an all time low in the past 16 months since had more cheaper motorhomes were being sold. The small but closely monitored company as it provided a […]
Why Is SEB Cautioning Business Clients Despite It Beating Third Quarter Forecasts?
A higher than expected operating earnings that was assisted by increased interest income was reported by SEB, a Swedish banking group, however it stated that decreased activity by European business will have an effect on Nordic financial markets. Clients are taking their feet off the pedal due to worries over the condition of the economy […]
Did Active North American Drilling Help Schlumberger Profit?
Schlumberger Ltd (SLB.N) had an apparent boost in its earnings as it was lifted by resilient North American drilling activity as evidenced by its posting of their profit for the third quarter that had estimates beat for at least the ninth consecutive quarter. The company stated that profits from operations in the United States gained […]
After a Disappointing Third Quarter Result, Where Will Publicis Point the Blame?
A disappointing growth in its organic sales was reported by Publicis as it was only 1.0 percent in the third quarter, its main culprit, according to the company was focusing on “other plans”, this in reference to the Omnicom, based in the United States and the merger it failed to achieve. Chairman and Chief Executive […]
What Is the Effect Of Low Iron Ore Cost to POSCO Profit?
As the cost of raw materials dropped thus giving much needed compensation for weak steel prices, POSCO, a South Korean steelmaker is able to post on Thursday the highest profit for operation in five quarters. With citation of a seasonal demand and the automobile industry’s improvement, the world’s sixth-largest maker of steel stated that it […]
What Caused the Profit Boost for Orange?
As rapid and unexpected cost cutting measures are implemented as well added client sign up for 4G mobile services that are faster than ever, Orange (ORAN.PA), France’s biggest company in telecommunication posted results for the third-quarter that is a little bit higher than forecast. Despite the apparent success, the No.1 mobile firm in France believes […]
Morgan Stanley Profit Soar as Trading Activity Jumps Back to Life?
Thanks to added client activity and a high demand equity market, a Wall Street bank’s trading, investment banking and wealth management businesses, Morgan Stanley, reported a strong 87 percent increase in third-quarter profits. Its long-term and traditional banking operation based on investment banking proved that it can still have a great effect on it the […]
Why Is Mattel’s Sales Spiraling Down for the Fourth Straight Quarter?
Falling down further in terms of demand for its billion-dollar brands, Fisher-Price and Barbie as well as burdened with ever increasing pressure as the holiday shopping season looms near, Mattel Inc’s (MAT.O) revenue, for the fourth straight quarter, plummeted down. Barbie’s sales all over the world went down 21 percent in the third quarter that […]