NEC reports sharp drop in net profit
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Japanese electronics maker NEC Corp. said Tuesday its net profit dropped nearly 78 percent in the October-December quarter, hurt by sluggish sales of mobile phones and personal computers.
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Sharp Corp  said its operating profit in the fiscal first half likely slipped 12.4 percent from a year earlier, falling short of market expectations, on tight supplies and higher prices of materials used to make solar cells.
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Discount retailer Dollar General Corp.   DG.N on Thursday posted lower quarterly profit, hurt by weak   gross profit margins and a disappointing start to the   back-to-school shopping season.
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Hershey Co  on Thursday posted a sharp drop in quarterly profit, hurt by sluggish sales, restructuring charges and soaring costs for ingredients.
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Japanese electronics giant NEC becomes the latest technology firm to cut forecasts in tough times.
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Discount retailer Dollar General Corp.   on Thursday posted a 40 percent drop in quarterly profit  on weakening demand for higher-margin products and withdrew its  earnings forecast for the rest of the year.
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Singapore consumer electronics maker Creative Technology net profit in the September quarter fell 83.5 percent to 4.8 million US dollars, with last year's huge one-time gains magnifying the decline.
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Japan's NEC Corp.  said on Tuesday that it now expected to ship 5.5 million mobile phones in the year to March 2007, down 8 percent from its previous estimate of 6 million phones.
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The Nikkei average fell 0.04 percent on   Friday as investors took profits in recent gainers such as   Toshiba Corp. 6502.T, although trade was relatively slow   ahead of a closely watched U.S. jobs report.
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Japanese electronics group Toshiba Corp.  and Fujitsu Ltd.  said quarterly operating profit dropped on sharp price falls in microchips and hard drives, and forecast steeper price declines to come.
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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.
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TOKYO -- Honda Motor Co., Japan&#39;s third-largest automaker, said Wednesday its profit fell 7.5 percent in its second fiscal quarter, adding that the strong yen hurt earnings even though revenue rose.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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Sydney - National Australia Bank on Wednesday reported a near 20 percent drop in its net profit for the year to September in the aftermath of a foreign exchange trading scandal that rocked Australia&#39;s biggest lender early this year.
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Tool maker Black & Decker Corp  slashed its fourth-quarter profit outlook on Friday, citing worse-than-expected conditions in North America and a one-time charge, and its shares fell as much as 10 percent.
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Toyota Motor Corporation, the world&#39;s second-largest carmaker, had an unexpected drop in quarterly profit as investment earnings declined at a truckmaking unit and a stronger yen cut the value of overseas sales.
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Toyota reported a profit of $2.8 billion for the July-September quarter, down 1 percent from $2.836 billion a year ago. The auto maker recorded group net profit of $5.