Vivendi reports sizzling third-quarter profits
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Media and mobile telephone group Vivendi Universal said that third-quarter profits had risen by nearly sixfold and upgraded its full-year profit outlook owing to a change in tax arrangements.
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Dutch Philips Electronics on Tuesday sounded a cautious note on its chip unit as it reported a third-quarter operating profit of 1.02 billion euros, which just exceeded expectations when excluding a 635 million euros non-tax gain.
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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 entertainment deal with NBC, but cellphone unit SFR  boosted profits at the operating level.
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Vivendi Universal (EAUG.PA: Quote, Profile, Research) raised its 2004 earnings forecast as it reported a 19 percent increase in underlying third-quarter profit
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DuPont Co. reported a third-quarter profit Tuesday, saying higher sales volumes and local selling prices offset a sharp increase in the cost of energy and raw materials.
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Third-quarter profit jumped 77 percent, driven by growing sales of data storage software and hardware as well as a hefty gain from the sale of an ownership stake in VMware.
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THE French media group Vivendi Universal today 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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France&#39;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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Vivendi Universal SA raised its 2004 earnings forecast Wednesday after strong performances by its music and telecommunications units powered a more than fivefold increase in third-quarter profit.
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Diversified manufacturer 3M Co  reported higher operating earnings Tuesday on growth in its international businesses.
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Vivendi fourth-quarter sales rose 1.2  percent as buoyant trading at its Maroc Telecom and in video  games helped compensate declines at its music and French mobile  businesses.
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French media and telecommunications group Vivendi said Friday it had arranged a 3.5-billion-euro (5.15-billion-dollar) credit line to fund US and French acquisitions.
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Third-quarter operating profit rose more than 50 percent thanks to resurgent earnings at the companyâs core VW brand.
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French media and telecoms group Vivendi   on Wednesday posted an 18 percent rise in adjusted  full-year net profit, pulled mainly by Maroc Telecom   and its games, French mobile and pay-TV units.
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French media group Vivendi Universal has reported a 48-percent jump in net profit for the first half of 2006, to 1.8 billion euros, and confirmed its forecast of at least 16-percent growth for the full year.
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Business & money: Retailer turns in stunning performance over first half, pushing profits ahead by more than 50%.
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Often pigeonholed as just a seller of televisions and DVD players, Royal Philips Electronics said third-quarter profit surged despite a slide into the red by its consumer electronics division.