Vivendi Net Loss Widens
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Vivendi Universal posted a near doubling in its first-half net loss to 1.86 billion euros ($2.28 billion) on Tuesday, hit by currency translation losses linked to its
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Advanced Micro Devices Inc , the world's second-largest maker of computer microprocessors, on Thursday posted a wider quarterly net loss due to a $1.68 billion charge related to its purchase of graphics chipmaker ATI.
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France&#39;s largest media company, Vivendi Universal (EAUG.PA: Quote, Profile, Research) , raised its 2004 earnings forecast as it reported a 19 percent increase in third-quarter underlying operating profit, buoyed by a rebound in
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Borders Group Inc , the second-largest U.S. book retailer, said on Tuesday its quarterly loss widened due to charges although sales rose on record demand for "Harry Potter and the Deathly Hallows."
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Vivendi Universal posted a first-half net loss Tuesday that almost doubled to 1.86 billion, as it was hit by currency translation losses linked to its entertainment deal with NBC.
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Entertainment and telecom conglomerate Vivendi SA reported Friday that its second-quarter earnings dropped 49 percent from a year earlier, when it had a gain from an asset sale, and said it is sticking to its forecast for the full year.
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French telecoms and media group Vivendi   reported a 10.9 percent rise in 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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French media giant Vivendi turns in wider than expected first-half losses, blaming the impact of a weaker dollar.
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Digital video recorder maker TiVo on Thursday reported a wider quarterly net loss as it increased spending to accelerate subscriber growth.
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TiVo, maker of digital television recorders, said Monday that its quarterly net loss widened as it boosted spending to acquire customers, but the number of subscribers to its fee-based television service rose sharply.
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Cable operator Charter Communications Inc.  posted a wider quarterly loss on Wednesday as costs rose faster than sales and interest expenses increased.
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The French media group Vivendi Universal said that a surging net loss so far this year would give way to better-than-expected adjusted net income for 2004 as a whole.
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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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YESTERDAY Close $32.94 Change +$0.63 52-WEEK High $45.38 Low $25.61 Biotechnology company Vertex Pharmaceuticals Inc. said its loss widened in the third quarter, as it invested more in its hepatitis C drug candidate and relied less on collaborative funding.
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The specialty retailer reports widening losses, but better times lay ahead.
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Delta Air Lines, preparing to exit bankruptcy on April 30, said yesterday its fourth-quarter net loss widened to $2 billion on the cost of ending its pilotsâ pension plan.
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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.