Synopsys Loses $28.4M on 4Q Sales Drop
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Synopsys Inc., which makes software used in the design of microchips, on Wednesday reported fourth-quarter sales slumped 27 percent, triggering a loss for the period.
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Quarterly net income was $46.3 million against a year-earlier loss, but sales continued to fall at the retailer amid intense competition in the electronics sector.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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VMware Inc.'s high-flying stock plunged by more than 30 percent Tuesday as investors reacted to a disappointing fourth-quarter earnings report that raised worries about the business software maker's ability to cope with tougher competition and a slowing U.S. economy.
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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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Boston Scientific Corp. reported a third-quarter loss and tepid sales yesterday, two days after the ailing medical device maker announced plans to cut 2,300 jobs worldwide.
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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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Computer services company Unisys Corp.  on Tuesday slashed its fourth-quarter outlook, saying it now expects a loss, due to a revenue shortfall and a &#36;120 million charge related to a "challenging outsourcing operation."
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By MATT SLAGLE  DALLAS - Dell Inc., which is the subject of a federal probe into its finances, said Thursday that fourth-quarter profits plunged 33 percent due to weak sales of laptops and notebooks, which account for the lion's share of its revenues.
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Whirlpool Corp.  on Wednesday posted lower fourth-quarter net earnings after a loss from discontinued operations tied to assets acquired when it bought Maytag last year.
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Shares of BJ Services (BJS:NYSE - news - research) were among the NYSE&#39;s losers Tuesday, falling 5% after the company posted fourth-quarter earnings and sales that fell below Wall Street expectations and warned on 2005.
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Company's handset business is in trouble, as it reports heavy losses on slow sales, sending its stock down more than 22 percent in midday trading.
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CHICAGO -- Cell-phone maker Motorola Inc. posted a $28 million second-quarter loss Thursday as continuing weak sales resulted in its first back-to-back losses in five years.
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Shares of ESS Technology (ESST.O: Quote, Profile, Research) , a maker of computer chips for DVD equipment, fell 4.4 percent in premarket trading on Monday after the company lowered its third-quarter revenue and earnings
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The medical device maker reported a third-quarter loss of $272 million on charges related to acquisitions and asset sales, as the companyâs top-selling stent continued to slump.
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Pharmaceutical giant Merck & Co. said Tuesday its fourth-quarter profit plunged 21 percent, mainly due to lost sales and a big reserve taken for legal defense costs over the withdrawal of its former blockbuster arthritis drug Vioxx.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.