Swisscom reports 17.2 percent drop in nine profit
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BERN : Switzerland&#39;s main telecommunications operator, Swisscom, reported a 17.2 percent decline in its nine-month net profit compared to last year to 1.14 billion Swiss francs (734 million euros, 963 million dollars) in 2004.
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Company reports a decline in its router business during its quarterly earnings, which barely met analyst expectations.
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National Australia Bank ended a tumultuous year by reporting a 19.7 percent drop in net profit in the aftermath of a foreign exchange trading scandal that rocked the country's biggest lender.
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Credit Suisse says first-quarter profit will be $1bn less than forecast after a write-down.
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Ericsson, the world's biggest supplier of mobile telecommunication systems, has reported a slight drop in second-quarter net profit as the acquisition of British group Marconi in 2005 continued to weigh on earnings.
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Zurich Financial Services AG, Switzerland s biggest insurer, had its first quarterly profit decline in two years amid costs from the worst U.S. hurricane season in more than a century.
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Boeing sees annual profits fall 14% despite strong sales, as it is hit by the cost of dropping an internet service.
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MARLBOROUGH, Mass. - 3Com Corp. said today its quarterly revenue will come in around 10 per cent below its previous expectation, an announcement that sent shares of the communications network supplier down nearly 10 per cent.
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TIME Warner has reported an eight per cent drop in third-quarter net profit as it set up a Â£270 million legal reserve and said it will restate results for AOL Europe prior to 2002.
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SBC Communications Inc.,  the No. 2 U.S. telecommunications company, said on Wednesday its fourth-quarter earnings fell 17 percent, hurt by merger-related costs at its Cingular Wireless joint venture and one-time charges for job cuts and pension changes.
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Nippon Telegraph and Telephone Corp., Japan's top telecommunications company, reported a 21.8 percent drop in profit for the April-December period Monday due to declines in voice and fixed-line operations.
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Swiss pharmaceutical maker Novartis AG reported a 45 percent drop in fourth-quarter net profit on Thursday, citing restructuring costs and a weak performance in the U.S. market.
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Pharmaceutical wholesaler McKesson Corp  reported on Thursday that its quarterly profit fell 17 percent as results were hit by charges and lower profit margins on generic drugs.
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The company reported a $2.15 billion tax benefit but said overall revenue dipped because of a 19 percent drop in traditional wholesale services.
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Telekom Austria AG has posted better than expected financial results for the first half of the year, scarcely one week after merger talks with Swisscom AG broke down.
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Pharmaceutical wholesaler McKesson  Corp  reported on Thursday that its quarterly profit  fell 17 percent as results were hit by charges and lower profit  margins on generic drugs.
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Southwest Airlines on Wednesday reported a 17 percent decline in second-quarter profits as rising fuel costs weighed on results.