Vivendi Ups Forecast After Strong Quarter
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France'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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PARIS Vivendi Universal said Wednesday that its third-quarter profit surged, helped by tax savings and profit at its mobile phone division.
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Vivendi Universal raised its 2004  earnings forecast as it reported a 19 percent increase in  underlying third-quarter profit on Wednesday, driven mainly by  strong mobile phone sales.
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Vivendi&#39;s recovery is almost complete, the French media and telecommunications giant declared Tuesday, despite a massive second-quarter net loss bloated by the effects of the weaker US dollar.
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Chemical maker DuPont Co  on  Wednesday increased its 2007 financial outlook to reflect  stronger-than-expected results in the fourth quarter and also  raised expectations for 2008.
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Luxury goods maker LVMH Moet Hennessy Louis Vuitton SA posted a sharp increase in its first-half earnings Wednesday, helped by more stable international currency markets and strong sales from its wines and spirits, fashion and leather goods and perfumes and cosmetic divisions.
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After months of speculation, Vivendi announces that Half-Life 2 has officially gone gold and will be on shelves in less than one month.
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Forest Laboratories (nyse: FRX - news - people ) said strong sales volume will propel fiscal second-quarter earnings higher than previously expected.
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Apple rises with a forecast of higher earnings.
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The business software maker delivered a fiscal first-quarter performance that topped analyst expectations.
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Drugmaker Merck & Co. Inc.  boosted its 2007 earnings forecast on Wednesday, based on early revenue indications from a range of products, sending its shares up nearly 3 percent in early electronic trading.
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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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European equity markets were higher on Thursday, buoyed by strong results from France Telecom  (NYSE:FTE)and Swiss engineering group ABB (NYSE:ABB) and prospects for restructuring at Italian insurer Generali.
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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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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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Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
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The printer maker also predicted better-than-expected first quarter earnings, sending shares up.