WPP revenues climb but jury still out on 2005
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WPP Group, the world&#39;s second largest advertising company, says its third-quarter revenues grew ahead of analyst expectations but has warned of an uncertain 2005.
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Dutch manufacturer Philips  Electronics published fourth-quarter earnings above analysts'  estimates, but warned that the world economy made it cautious,  especially for the first half of 2005.
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The retailer's earnings improve a lot despite soft sales.
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Aug. 20 (Bloomberg) -- WPP Group Plc, the world&#39;s second- largest advertising and marketing company, said first-half profit rose 11 percent as demand increased in the US and Asia, and reiterated it&#39;s looking into buying Grey Global Inc.
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LONDON/NEW YORK  - Advertising spending will climb  faster than the global economy in 2005, two leading forecasters  said on Monday, driven by marketing battles in competitive  sectors and increases in online and interactive ads.
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By McKenna, Ted  LONDON: WPP Group has acquired a reported 25% stake in Internet marketing firm Visible Technologies in order to boost the online media capabilities of its various PR agencies.
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Will investors see a sharp earnings increase in 2005?
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EBay posted a 50 percent rise in net profit on strength in its core auction and payments businesses, but left its 2007 outlook unchanged, defying Wall Street's hopes for a boost.
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HMS Holdings has seen an increase in revenues and net income.
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With strong international sales and growth in its services business, Symantec reported earnings Wednesday that beat analyst expectations.Excluding charges, revenue at the security and storage company grew 15 percent year over year, to $1.53 billion for the period ended Dec 28. Analysts had been expecting revenue of $1.45 billion, according to a consensus estimate from Thomson Financial. Earnings were $0.33 per share, ahead of the analyst estimate of $0.28 per share.Symantec&#39;s international revenue -- which represents more than half of the company&#39;s business -- grew by 21 percent year over year, Symantec said. The Europe, Middle East, and Africa region was the fastest-growing with revenues up 26 percent from the previous year. Revenue in Asia grew by 19 percent, the company said.Service sales totalled just 6 percent of Symantec&#39;s revenue, but they grew by 40 percent from the previous year.The company&#39;s consumer and enterprise security businesses grew by just 8 percent and 9 percent, respectively. Symantec&#39;s data center management group saw sales jump 11 percent over the same period.Symantec raised guidance for its full fiscal year 2008, which ends March 28. It now expects revenue to be in the range of $5.90 billion to $5.94 billion, with earnings per share between $1.24 and $1.26. Analysts had been expecting annual revenue of around $5.79 billion with earnings per share at $1.16, according to Thomson.The company&#39;s shares leapt more than 7 percent on the results in after-hours trading, reaching $16.40 late Wednesday afternoon.
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Advertising and marketing giant WPP said Friday that net profit jumped by 19.8 percent in 2006 to 435.8 million pounds, as sales grew strongly across emerging powers, notably in Asia.
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EBay Inc.  on Wednesday  posted a 50 percent rise in net profit on strength in its core  auction and payments businesses, but left its 2007 outlook  unchanged, defying Wall Street&#39;s hopes for a boost.
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Online auctioneer eBay Inc. said Wednesday that third-quarter earnings rose 77 percent on strong demand and more active users, but guided below expectations for 2005.
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WPP yesterday scored a victory for the big-is-best approach to the advertising business by winning a â¬1bn (Â£700m) Unilever account ahead of two smaller rivals.
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Advertising group WPP said Friday that net profit jumped by 19.8 percent in 2006 to 435.8 million pounds, as sales grew strongly across emerging powers, notably in Asia.
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Despite some market concerns over Google&#39;s growth potential in a slowing economy, the search giant continues to report strong growth, with fourth-quarter revenue up 51 percent over the same period the year before.Google reported revenue of $4.83 billion for the quarter ending Dec. 31 using GAAP (generally accepted accounting principles). Net income for the period was $1.21 billion, compared to $1.01 billion in the third quarter of 2007.With earnings per share of $4.43, Google just missed analyst consensus of $4.44 on a non-GAAP basis, as polled by First Call.Google continues to increase revenue from outside the United States, reporting that 48 percent of total revenue in the quarter came from international markets. That&#39;s up from 44 percent in the same period a year earlier but the same as the third-quarter 2007.In a statement, Google&#39;s CEO Eric Schmidt said that the report reflects strong momentum in the company&#39;s core business as well as a growing receptivity to its new businesses.
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WPP, the advertising and marketing group, reported a sharp rise in interim profits, boosted by the European football championships, the Olympic Games and the US presidential elections.