Philips Q3 earnings soar on one-time gains
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Third-quarter profits at Koninklijke Philips Electronics NV surged on one-time gains from stakes sold in two companies floated on the capital market, Europe&#39;s largest consumer electronics maker said Tuesday in a statement.
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The retailer reports strong earnings and lifts its outlook.
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The printer maker also predicted better-than-expected first quarter earnings, sending shares up.
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Procter & Gamble Co. PG.N  on  Wednesday posted higher quarterly profit, boosted by sales of  new products and continued gains in developing markets.
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Nokia third quarter profits surged outstripping analyst expectations, boosting the company's share of the global phone market to almost 40 per cent.
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Sony said its profit rose in the final three months of 2007, helped by robust sales of televisions and computer games.
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Rogers Communications Inc. credited surging earnings at its fast-growth wireless unit and foreign exchange gains for the cable, media and telecom group&#39;s third-quarter return to profit Tuesday.
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European stocks spiked higher as razor  thin volumes amplified relief over a hiatus in the advance of  crude prices Monday, while Philips Electronics jumped after  positive comment from brokers.
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Profit soared at technology conglomerate Philips Electronics NV in the third quarter thanks in part to gains on selling shares in other companies, but sales of consumer electronics were weak and the company said computer chip sales would be flat in the fourth quarter.
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Mobile chipmaker Texas Instruments Inc  posted higher third-quarter earnings on Monday as it sold more analog chips with higher profit margins.
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Edison International, a power generating and electric utility holding company, on Friday said its third-quarter profit soared on gains from asset sales.
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LONDON, October 14  - Sony Ericsson posted robust profit growth for 3Q04, with the company&#39;s quarterly pre-tax profits more than tripling from the one year ago levels.
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Investors are wowed by the firmâs first quarterly earnings report since it became a publicly-owned company, which showed sales and profit more than doubled in the third quarter.
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Pfizer Inc., the world&#39;s biggest drugmaker, said Wednesday third-quarter earnings rose on higher sales of key medicines. The New York based company said it earned $3.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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Tech stocks such as flat-screen maker  LG.Philips drove Asian markets higher on Monday, while optimism  about the Japanese economy lifted Tokyo shares and kept the yen  at a five-year high against the dollar.
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Lehman Brothers Holdings Inc. LEH.N   said on Wednesday that third-quarter earnings rose more than   analysts expected, as trading and investment management revenue   jumped.