Ericssonâs 2nd-Quarter Profit Rises 12 Percent
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The worldâs largest maker of wireless networks said today that strong sales in Asia helped boost earnings to $960 million in the second quarter.
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Swedish telecommunication equipment maker Ericsson reported a gain in second quarter net earnings Friday but shares fell by more than four percent as its numbers came in short of market expectations.
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Jewelry and accessories retailer Claire&#39;s Stores Inc. reported Thursday that second-quarter earnings rose 48 percent to beat Wall Street expectations, and guided above estimates for the fourth-quarter and fiscal year periods.
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Continued improvement in its operational performance boosts second-quarter earnings.
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Ericsson (ERICb.ST), the world&#39;s  biggest mobile network maker, reported softer-than-expected  second-quarter earnings on Friday but said the company  continued to outperform the market.
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Sony Ericsson, the Swedish-Japanese maker of cellphones, posted a 45 percent rise in net profit in the third quarter as a broadened product mix and the success of its camera phones bolstered sales.
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The company posted a second-quarter profit of $182 million, helped by strong international beverage and bakery sales.
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Nordstrom reported a strong second-quarter profit as it continued to select more relevant inventory and sell more items at full price.
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National Foods Ltd., Australia&#39;s biggest fresh milk supplier, increased second-half profit by 12 percent after selling more specialty cheeses and gourmet foods.
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Sony Ericsson, the world's fourth-biggest mobile phone maker, posted higher second-quarter sales on Wednesday but its profit and its average phone sale prices were below analysts' estimates.
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Wireless equipment maker LM Ericsson posted a third-quarter profit that was in line with analysts&#39; expectations and said its mobile networks were expected to show signs of slight growth in the coming months.
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South Korea's LG Electronics Inc.  swung to a profit in the second quarter as a turnaround in its LCD venture and strong mobile phone sales outweighed heavy losses in its plasma display business.
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The company reported strong second-quarter results and said its profits for all of 2007 would beat analystsâ expectations.
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American Express said yesterday that record spending had fueled a 12 percent jump in profit.
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Viacom Inc. (VIAb.N: Quote, Profile, Research) (VIA.N: Quote, Profile, Research) on Thursday said its quarterly profit from continuing operations rose 12 percent
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Ericsson, the world's largest supplier of mobile telecommunication networks, on Friday posted an 8.2 percent rise in profits in 2006 but disappointed the market by revising downwards its forecast for 2007.
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Nasdaq Stock Market Inc , the  second-largest U.S. equities exchange, said on Wednesday that  quarterly profit rose twelvefold, helped by a gain from the  sale of its stake in the London Stock Exchange .