Vivendi Ups Forecast After Strong Quarter
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France&#39;s largest media company, Vivendi Universal, raised its 2004 earnings forecast as it reported a 19 percent increase in third-quarter underlying operating profit, buoyed by a rebound in music and strong mobile phone sales.
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Wyeth  on Thursday said it raised its 2006 earnings forecast, citing its first-half performance and the success of key pharmaceutical products.
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Strong sales forecast, says financial officer at investment event.
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Media and mobile telephone group Vivendi Universal said that third-quarter profits had risen by nearly sixfold and upgraded its full-year profit outlook owing to a change in tax arrangements.
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The companyâs strong quarterly results and optimistic outlook suggest that a weakening economy will not slow it down.
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SAP, a leading maker of business software, says a strong performance of its European activities helped boost earnings in the third quarter, which came out above analysts' expectations.
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Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
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Fourth-quarter sales at French media to telecoms group Vivendi  rose 1.2 percent, the company said on Wednesday in a statement in France's official journal.
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Citing strong fourth-quarter results and prospects for growth in emerging markets,  DuPont raised its earnings outlook for 2007 as well as its profit forecast for 2008.
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The software company's stock rises on improved second-quarter numbers.
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The leading electronics and entertainment retailer continues to produce strong results.
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Vivendi said fourth-quarter profit dropped 51 percent from a year ago, when the company had a tax credit and asset sales. Vivendi, parent company of Universal Music, said it earned 610 million euros ($799 million) in the quarter, down from 1.25 billion euros. Revenue rose 1 percent, to 5.5 billion euros ($7.2 billion). Sales at Universal Music fell 1.5 percent.
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The retailer reports strong earnings and lifts its outlook.
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European equities were expected to open higher on Tuesday following overnight gains on Wall Street, with telecoms in focus as Vivendi offered to buy Deutsche Telecom's stake in PTC, the Polish mobile operator.
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French media and telecoms group Vivendi  posted on Wednesday an 18 percent rise in adjusted full-year net profit in line with forecasts, pulled by Maroc Telecom and its games, French mobile and pay-TV units.
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Vivendi fourth-quarter sales rose 1.2  percent as buoyant trading at its Maroc Telecom and in video  games helped compensate declines at its music and French mobile  businesses.
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French telecoms and media group Vivendi   VIV.PA reported a 10.9 percent rise in its first-half net   adjusted profit on Thursday, as growth from games and pay-TV   Canal Plus made up for lackluster trading at mobile arm SFR.