NTT DoCoMo Says Profit Declined 6% in First Half
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NTT DoCoMo reported today that its profit fell 6 percent for the most recent six-month period from a year earlier as price-cutting rivals lured customers away from the company, Japan&#39;s top provider of mobile phone service.
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NTT DoCoMo Inc., Japan's top mobile phone operator, posted an 18.4 percent gain in quarterly profit on Wednesday, helped by cost cuts, but kept its forecast as it expects tougher competition toward the end of the business year.
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DALLAS Brinker International today says its first-quarter profit fell by more than half from a year earlier. That&#39;s despite increased revenues as charges and higher expenses hurt results.
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Shares of the Sanyo Electric Company, the Japanese electronics maker, fell 6 percent after the company forecast a third annual loss on slumping sales of mobile phones and digital cameras and because of increased costs for laying off 2 percent of its work force. Sanyo, based in Osaka, reported Friday that it expected to post a 50-billion-yen ($433 million) loss for the fiscal year ending March 31, reversing a May target of a profit of 20 billion yen. The company is spending a further 40 billion yen this fiscal year on revamping costs, which will include 2,200 job cuts, after cutting 14,000 employees and closing 10 percent of its business units in the last 12 months.
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Japanese electronics maker NEC Corp. said Tuesday its net profit dropped nearly 78 percent in the October-December quarter, hurt by sluggish sales of mobile phones and personal computers.
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Altria Group Inc. MO.N on Wednesday  said quarterly profit fell 6.9 percent, weighed down by  one-time charges at its Kraft Foods business and increased  exposure to airline industry losses at its financial services  unit.
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Cnooc, a Chinese offshore oil producer, said first-half profit declined 11 percent, less than analysts had expected, as the company reined in operating costs.
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Tokyo's Nikkei average opened down 0.25 percent on Monday as investors locked in profits on gainers such as insurers and real estate firms following the market's recent rise.
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Hitachi Ltd., Japan's largest electronics conglomerate, said on Wednesday its quarterly profit fell nearly by half due to price falls in plasma TVs and other electronics goods, and cut its full-year outlook.
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Mitsubishi Tokyo Financial Group Inc. announced Wednesday its group net profit fell 43.1 percent in the fiscal first half from a year earlier to 171.7 billion yen, while merger partner UFJ
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Japan's Nikkei share average fell 0.36 percent at the opening on Wednesday as profit-taking pushed down recent gainers including Bridgestone Corp. after the market had risen in the previous four sessions.
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Japanese computer giant NEC said its interim net profit rose 62.6 percent to 25.2 billion yen (240 million dollars) but it cut its forecasts, citing slower mobile handset and semiconductor markets.
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Tokyo's Nikkei fell 1 percent on Thursday  as stocks like NEC Corp. dropped after disappointing earnings  from U.S. firms fanned concern about profit trends and sent  Wall Street lower.
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The Nikkei average fell 0.37 percent on  Tuesday, retreating from a three-month high a day earlier as  investors took profits on Honda Motor Co. (7267.T) and other  blue-chip exporters on a stronger yen.
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Tokyo's Nikkei fell nearly 1 percent to a one-month low by Thursday afternoon as stocks like NEC Corp. dropped after disappointing earnings from U.S. companies fanned concern over profit trends and sent Wall Street lower.
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Japan's NTT DoCoMo Inc.  said on Tuesday it expected a gain in operating profit in the next fiscal year after posting a bigger-than-expected 7.4 percent profit decline in the first-half.
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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.