Vivendi raises forecast as profit soars
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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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Symantec Corp  reported an increase in quarterly profit on Wednesday, boosted by strong overseas sales, and forecast current-quarter results above Wall Street estimates, sending its shares up 9 percent.
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Healthy sales of software and technology services helped fourth-quarter profit rise 12 percent at I.B.M., which had already disclosed that the results would be way ahead of analystsâ forecasts.
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Merck released a forecast for first-quarter profit well above analystsâ expectations, and also increased its forecast for 2007.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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French media and telecoms group Vivendi   posted on Wednesday an 18 percent rise in adjusted  full-year net profit in line with forecasts, pulled by Maroc  Telecom and its games, French mobile and pay-TV units.
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Vivendi Universal posted a near doubling  in its first-half net loss to 1.86 billion euros ($2.28  billion) on Tuesday, hit by currency translation losses linked  to its entertainment deal with NBC, but cellphone unit SFR  boosted profits at the operating level.
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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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France&#39;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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Verizon Communications  said on  Monday its quarterly profit rose and its wireless customer  additions were ahead of analyst estimates.
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Shares in Vivendi Universal surged higher as investors welcomed the French media conglomerate's strong 2004 full-year results and year-end net debt.
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Carnival Corp & Plc   posted a better-than-expected 12 percent rise in quarterly profit on Thursday on stronger pricing and the introduction of new ships during the busy summer cruise season.
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Strong sales of new vaccines and treatments help US drugs group Merck unveil a sharp rise in quarterly profits.
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Vivendi Universal (EAUG.PA: Quote, Profile, Research) raised its 2004 earnings forecast as it reported a 19 percent increase in underlying third-quarter profit
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Profit at Tyco&#39;s electronics unit rose more than fourfold in the quarter as revenue climbed 15 percent on higher sales volume in automotive, communications, computer and consumer electronics.
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Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales. The news pushed its shares up nearly 6.5 percent in trading.
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Firm demand in its main markets  lifted world number two truck maker Volvo's fourth-quarter  earnings above expectations on Thursday, allowing it to sharply  raise its payout to stockholders.