Flextronics Has Profit; Stock Lower
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Flextronics International Ltd.,  the No. 1 contract electronics manufacturer, on Monday posted a  quarterly profit helped by strong sales of consumer electronics  equipment but issued a forecast that fell short of estimates,  sending shares down nearly 8 percent.
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Texas Instruments Inc. TXN.N,  the world's largest maker of chips for cell phones, on Tuesday  reported a smaller profit in the fourth quarter but its  earnings topped a forecast it gave in December.
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Japanese electronics group Toshiba Corp  posted a 25 percent fall in quarterly operating profit as tumbling flash memory chip prices ate into margins, but it kept its full-year outlook just below expectations.
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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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Flextronics , the world's  largest contract electronics manufacturer, posted on Tuesday a  jump in quarterly profit from a year ago, when results were  weighed down by charges.
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Infineon&#39;s net profit fell to $54.6 million in the fourth quarter from $63 million in the third quarter of last year. The net result came up short of analyst forecasts of $169 million.
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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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SAN FRANCISCO - Advanced Micro Devices Inc. reported a third-quarter profit from a loss a year-earlier on today, but sales fell from the second quarter in line with the chip maker&#39;s recently reduced outlook.
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Flextronics International Ltd  posted quarterly earnings that beat Wall Street expectations on Tuesday, as sales at the contract electronics maker jumped 18 percent.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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U.S. technology stocks fell on  Thursday, taking a hit on sharp declines in online auctioneer  eBay Inc. EBAY.O and wireless technology company Qualcomm  Inc. QCOM.O after both posted lower-than-expected outlooks.
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Agilent Technologies Inc. , the electronics and testing equipment maker, on Monday posted a higher quarterly net profit on lower charges, but it issued a forecast below expectations, citing slower orders for mobile phone handsets that use Agilent parts.
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Flextronics , the world's largest contract electronics manufacturer, posted on Tuesday a jump in quarterly profit from a year ago, when results were weighed down by charges.
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Slashed earnings estimate pulls down shares.
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European stock markets drifted lower in early trading as profit-taking set in after recent gains, despite a modest rise on Wall Street and well-received results from cellphone giant Vodafone.
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Flash memory remained profitable for AMD, but declined sharply from the previous quarter due to inventory adjustments at cell phone manufacturers.
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Lexmark International Inc  reported a 47 percent decline in quarterly profit on Tuesday due to weak printer sales, sending its stock down 4 percent.