Vivendi Ups Forecast After Strong Quarter
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France'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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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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The retailer reports strong earnings and lifts its outlook.
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French telecoms and media group Vivendi   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.
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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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Software companies are poised to post  strong December quarter earnings in the next two weeks, boosted  by pent-up demand and a weak dollar, but high valuations and a  tough year ahead might rein in stock prices, analysts say.
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Financial group Fortis has reported a bigger-than-expected rise in earnings and says it is growing more upbeat about 2004, with both its banking and insurance units posting strong gains.
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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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Sales in Europe were especially strong, rising 24 percent, the software maker says.
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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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Drugmaker Merck & Co. Inc.  boosted its 2007 earnings forecast on Wednesday, based on early revenue indications from a range of products, sending its shares up nearly 3 percent in early electronic trading.
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The software company's stock rises on improved second-quarter numbers.
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Vivendi Universal SA, the French media and telecommunications company, said Tuesday its net loss ballooned to 1.85 billion euros(&#36;2.26 billion) in the second quarter.
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Merck & Co.  said on Monday that quarterly earnings rose 12 percent on strong demand for its newer vaccines and medicines, and raised its 2007 profit forecast, sending its shares up 4 percent.
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PeopleSoft Inc. Monday raised its forecast for the just-ended quarter, helped by an increased average selling price and strong performances in North America and Europe.
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Chemical maker DuPont Co  on Wednesday increased its 2007 financial outlook to reflect stronger-than-expected results in the fourth quarter and also raised expectations for 2008.
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The companyâs strong quarterly results and optimistic outlook suggests that a weakening economy will not slow it down.