Corporate Earnings

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Futures Rise Ahead of Jobless Data

By POLYA LESOVA U.S. stock-index futures tracked overseas gains Wednesday as investors geared up for jobless claims and durable goods data ahead of the Thanksgiving holiday. The U.S. is expected to draw on positive sentiment...

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Nigeria's Diamond Bank pretax profit drops 91.5 pct

LAGOS, Nov 25 (Reuters) - Nigeria's Diamond Bank said on Wednesday its pretax profit had fallen 91.5 percent to 1.12 billion naira ($7.53 million) in its half year to the end of October. Diamond Bank gross earnings rose to...

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Catch a high-flying fund - up 56%

Now a father-and-son act, the celebrated Yacktman value portfolio has racked up big returns, showing how patience and a contrarian bent can pay off. When the herd of investors heads in one direction, count on Don Yacktman to...

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Tiffany Raises Outlook

BY JOAN E. SOLSMAN AND KEVIN KINGSBURY Tiffany & Co.'s fiscal third-quarter earnings fell just 1% as lower costs nearly offset sales declines as the upscale jeweler topped analysts' expectations. As a result, the company...

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UPDATE 1-Murray & Roberts sees lower H1 profit, shares fall

JOHANNESBURG, Nov 25 (Reuters) - South Africa's biggest construction group Murray & Roberts expects to report a 15-20 percent decline in first-half headline earnings per share as the economic downturn limits the flow of new...

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UPDATE 2-Rosneft Q3 profit misses forecast on higher taxes

Q3 net income $1.17 bln, down 27.5 pct on Q2 * Taxes rise on rouble appreciation * Q3 EBITDA of $3.66 bln beats forecast * Anti-monopoly fines hit bottom line * Shares fall more than 2.5 pct (Adds details, analyst comment) By...

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NZ's Tower full year profit rises 23 pct

WELLINGTON, Nov 26 (Reuters) - New Zealand insurer and fund manager Tower Ltd on Thursday reported a 23 percent rise in full-year profit on growth in its core businesses. Net profit for the the year to Sept. 30 was NZ$50...

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Brocade CEO Mike Klayko: We're not for sale

Brocade Communications Systems CEO Mike Klayko today said his company is not for sale, and has not been shopping itself. Klayko addressed the acquisition rumors publicly for the first time today on Brocade's earnings report...

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Australian Market Report of November 25: Slower Pace of US Recovery

US stocks closed weaker overnight after the US Commerce Department lowered its estimates of third quarter GDP and consumer spending. The Australian dollar opened slightly higher today after the US equities market closed flat...

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Mobile VAS Market in Sth Asian and Mid-East Countries Continues to Grow

Mobile markets across regions are intensely competitive and some of them have reached saturation in terms of penetration of addressable markets. With tumbling voice tariffs contributing to declining ARPU rates, mobile operators...

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