Toyota predicts net loss in current fiscalFebruary 5th, 2009 TOKYO - Toyota Motor Corp, the world's largest automaker, Friday slashed its earnings prognosis for the third time, now predicting a net loss of 350 billion yen ($3.8 billion) for the business year that ends March 31. The worldwide downturn has hit Toyota harder than expected.
Canon 1Q profit falls 83 percent as sales decline, strong yen hurts income from exportsApril 30th, 2009 Canon 1Q profit falls 83 percent as sales declineTOKYO — Canon Inc. said Thursday profit fell 83 percent in the first quarter, dragged down by lower sales of multifunction copy machines and printers as well as a stronger yen.
Sony may suffer first operating loss in 14 yearsJanuary 12th, 2009 TOKYO - Japanese electronics giant Sony is expected to suffer an operating loss of about 100 billion yen ($1.12 billion) in the fiscal year ending March 31, 2009, its first loss since 1995, media reports said Tuesday. The projected loss, apparently because of a strong yen and sluggish sales of flat-screen televisions and other products, marks a major turnaround from a projection last October of an operating profit of 200 billion yen, Kyodo News reported citing sources.
Samsung says 2nd-quarter net profit rose 5.2 percent over last year's, sales riseJuly 24th, 2009 Samsung says quarter-2 net profit rose 5.2 percentSEOUL, South Korea — Samsung Electronics says second-quarter net profit rose 5.2 percent from the same period last year as sales rose. Samsung Electronics Co.
Apple posts $1.21 billion profit; iPhone sales surge 123 percentApril 23rd, 2009 NEW YORK - The economic slump seems to have no impact on Apple Inc. as Cupertino-based electronic and software giant posted a quarterly profit of $1.21 billion on revenue of $8.16 billion Wednesday.
Nokia reports pre-tax loss for first quarterApril 16th, 2009 HELSINKI - Citing an 'exceptionally tough environment', Nokia, the world's largest maker of mobile phones, Thursday reported lower sales and a sharp drop in operating profit for the first quarter of 2009. The Finland-based company posted a pre-tax loss of 12 million euros ($15.8 million), compared to a pre-tax profit of 1.6 billion euros for the corresponding business period in 2008.
BlackBerry posts $643 mn profitJune 20th, 2009 TORONTO - BlackBerry maker Research In Motion (RIM) has reported a profit of $643 million for the first quarter of the year, compared to $518.3 million posted during the previous quarter. However, its quarterly revenue was slightly dwon at $3.42 billion from $3.46 billion in the previous quarter.
Nintendo reports 8.5 percent rise in profit on healthy Wii, DS demand despite global woesMay 8th, 2009 Nintendo's annual profit rises 8.5 percentTOKYO — Nintendo Co. reported an 8.5 percent rise in annual profit as the video game maker shrugged off the global slowdown that has battered other Japanese manufacturers.
Canon profits plunge 86 percent in April-June quarter from year earlierJuly 28th, 2009 Canon profits plunge 86 percent in 2QTOKYO — Canon Inc. said second quarter profit sank 86 percent as the global economic malaise weighed on sales of its copy machines, printers and digital cameras while a stronger yen took a bite out of overseas earnings.
GameStop profit falls 32 percent on fewer hit video game titles; full-year outlook cutAugust 20th, 2009 GameStop posts disappointing profit, cuts outlookGRAPEVINE, Texas — GameStop Corp., the world's largest video game and entertainments software retailer, posted disappointing fiscal second-quarter results on Thursday and lowered its full-year earnings forecast, citing fewer hit video games and cautious consumers. Shares tumbled in morning trading.
Toyota global output, sales down in first half of 2009 due to slowdown, but beats GMJuly 28th, 2009 Toyota global output, sales slide in January-JuneTOKYO — Toyota's global sales fell 26 percent in the first half of this year as the recession hit auto demand, but troubles at U.S. rival General Motors saw the Japanese automaker retain its world No.
Nikkei falls nearly 4 percent on Sony's projected lossJanuary 22nd, 2009 TOKYO - Japan's key Nikkei 225 Stock Average extended its losses Friday to a two-month low after Sony Corp announced a projected record operating loss for fiscal 2008. The Nikkei index tumbled 306.49 points, or 3.81 percent, to close at 7,745.25, and the broader Topix index of all first section issues was also down 22.36 points, or 2.81 percent, at 773.55.
BlackBerry shares shoot up 34 percent on record profitApril 4th, 2009 Shares of BlackBerry maker Research In Motion (RIM) shot up almost 20 percent Friday after the wireless communication leader Thursday posted a record profit of $518.3 million for the last quarter of fiscal year 2009 ending Feb 28.RIM shares closed at $72.80 on the Toronto Stock Exchange - more than 19 per cent since Thursday.This is in addition to 14 percent gain the shares made Thursday immediately after the Waterloo-based company put out its quarterly financial results. Considering that RIM shares have been stuck around $45 since December, the 34 percent gain of the last day belies all speculation about slump in the smart phone market in the current economic climate.
Viacom's 2Q profit falls 32 percent on weak ad market, slow video game salesJuly 28th, 2009 Viacom's 2Q profit falls 32 percentNEW YORK — Viacom's second-quarter profit tumbled 32 percent as revenue fell amid a weak advertising market, slower video game sales and fewer movie releases. The media conglomerate controlled by billionaire Sumner Redstone earned $277 million, or 46 cents per share, compared with $407 million, or 65 cents per share, in the same quarter last year.
Disk maker Seagate to shut Singapore factory with 2,000 workers affectedAugust 4th, 2009 Disk maker Seagate to shut Singapore factorySINGAPORE — Hard disk maker Seagate Technologies LLC. said Tuesday it plans to shut its Singapore factory by the end of next year to cut costs.
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