Profit increases at Analog Devices
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YESTERDAY Close $33.32 Change +$0.35 52-WEEK High $39.81 Low $26.07 Analog Devices Inc. , a Norwood maker of semiconductors used in products from mobile phones to cars, said first-quarter profit increased 27 percent.
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AT&T Inc  on Thursday posted a higher quarterly profit after better-than-expected wireless growth, sending its shares up almost 3 percent in pre-market trading.
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Flextronics , the world's  largest contract electronics manufacturer, posted on Tuesday a  jump in quarterly profit from a year ago, when results were  weighed down by charges.
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Electronic Data Systems Corp. reported a  higher quarterly profit on Wednesday, boosted by a surge in new  orders for its technology services.
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Cisco Systems has unveiled a 40% jump in quarterly profits, lifted by equipment able to support video downloads.
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Medtronic Inc. (MDT.N: Quote, Profile, Research) on Wednesday said its quarterly earnings rose amid brisk demand for devices that manage irregular heart beats and products used to treat the spine.
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Texas Instruments Inc posted a higher fourth-quarter profit and gave an outlook that reassured investors who were worried the weak U.S. economy would hurt demand for its wireless and analog chips.
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The consumer electronics retailer continues to produce strong results.
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Anglo American reported a 76 percent increase in annual profit as it increased production capacity and benefited from higher metal prices. It also said it would buy back $3 billion worth of its shares. Anglo said profit for 2006 came to nearly $6.2 billion, up from $3.52 billion the previous year. Revenue rose 12 percent, to $38.6 billion. Excluding one-time items, Angloâs profit rose 46 percent, to $5.5 billion. The company did not break out quarterly results. âOur strong performance was due to increased production across the majority of our businesses and higher prices, in particular for base metals, platinum and iron ore,â the chief executive, Tony Trahar, said. Operating profit from gold rose 41 percent, the company said. Operating profit from diamonds was down 21 percent.
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EMC saw a dramatic increase in profit over last year, mainly due to VMware acquisition and IPO.
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Medtronic Inc. (MDT.N: Quote, Profile, Research) on Wednesday said its quarterly earnings rose on brisk demand for devices that manage irregular heart beats and products used to treat the spine.
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Plus: Camera sales boost Matsushita profits...Verizon sales rise, led by wireless growth...Motorola shares rise after profit beats estimates...Electronics sales push Sony to profit.
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The electronics retailer said it swung to a third-quarter profit, overcoming lower revenue by cutting costs and selling more high-margin items.
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AT&T reported a 17 percent increase in quarterly profits driven by a sizable increase in wireless subscribers.
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Better margins yield much-improved earnings.
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EMC Corp.'s fourth-quarter profit jumped 35 percent, beating Wall Street expectations, as the seller of data storage hardware and software posted double-digit percentage gains across all its major business segments.
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A recovery in electronics sales offset losses in video games and helped boost Sony's profit for the July-to-September quarter more than 40-fold over the same period a year ago.