Tata Motors January Vehicle Sales Decline
Jan 30, 11:04 AM EST |
|
| Vehicle sales for the month of January 2007 declined to 54,796 units from 55,440 reported a year earlier. |
|
| India''s top bus and truck maker said that sales of commercial vehicles increased 5.6% from a year ago to 30,530 units. Exports climbed 10.8% to 4,147 units. Indica sales dropped 14.6% to 12,360 units, while the Indigo family posted sales of 2,901 units, down 9.5% from a year ago. Cumulative sales of passenger vehicles in the domestic market slid 4.8%, while total sales including exports declined 1.16% from a year ago. |
|
|
Full Story... |
Bajaj Auto Net Falls 3% Despite Higher Revenue
Jan 30, 9:54 AM EST |
|
| Quarterly net profit fell to Rs 326.81 crore vs. Rs 336.42 crore last year, while revenue rose 6% from a year ago to Rs 2,501.70 crore. |
|
| India''s second- biggest motorcycle maker attributed the 5.2% drop in net income to the higher interest rates that slowed demand. Bajaj Auto added that quarterly vehicle sales declined to 713,135 units from 738,219 a year earlier, while sales of motorcycles fell 2.8% to 634,316 units and of three-wheeled vehicles declined 13% to 74,419 units. |
|
|
Full Story... |
TCS Revenue Jumps 8.4%
Jan 30, 10:47 AM EST |
|
| Earnings per share increased from 7.67 rupees during the third quarter a year ago to 11.3 rupees in the latest quarter. |
|
| Third quarter income rose 11.4% to 11.047 core rupees, from 7.502 crore rupees a year ago. After tax profit during the quarter rose 9.6% to 1,019 crore rupees. The provider of mission-critical wireless communications added that it has received orders for $12 million in messaging software and related systems for delivery to leading carriers in the first half of fiscal 2008 versus an average of about $4 million a year ago. |
|
|
Full Story... |
Reliance Communications Profit Jumps 49%
Jan 25, 9:57 AM EST |
|
| Net income climbed 49% to 13.7 billion rupees ($348 million) in the latest quarter from 9.24 billion rupees a year ago. |
|
| India''s second-largest wireless provider said that sales rose 27% to 47.8 billion rupees. The company added 4.64 million customers in the quarter to a total of 41 million. Reliance''s market share has shrunk to 17.6% from 21% a year earlier after the company had to disconnect unverified users, according to government regulations. |
|
|
Full Story... |
Reliance Industries Profit Meets Expectations
Jan 15, 9:15 AM EST |
|
| Third-quarter net profit was 38.82 billion rupees thanks to growth in the company’s refining margins. |
|
| India''s largest private sector company posted net sales of 345.90 billion rupees for the latest three months. The results are not comparable with those of a year ago as they include the effect of a merger with Indian Petrochemicals. For the third quarter, the company''s gross refining margins increased to 15.4 usd a barrel from 11.7 usd a barrel reported last year. |
|
|
Full Story... |
MBIA Rebounds on Comments
Jan 31, 8:34 AM EST |
|
| MBIA stock appear to rebound in the hope that the company can still attract capital and additional losses are not likely to exceed $3 billion. |
|
| MBIA, bond insurer, rebounded after the comments from the company management that it will preserve its AAA bond insurer rating from rating agencies. The company countered claims made by Pershing Square hedge fund that it has adequate capital to maintain its rating and it is in a position to raise more capital if needed. The company also said that its losses related to sub-prime and other bonds are not likely to exceed $3 billion compared to assertion of nearly $6 billion by hedge funds. |
|
|
Full Story... |
Amazon's Profit Doubles, Shares Fall
Jan 31, 10:25 AM EST |
|
| Net profit rose 112% to $207 million or 48 cents per share from $98 million or 23 cents per share in 2006. |
|
| The company reported sales of $5.67 billion in its historically strongest quarter, up 42% from $3.99 billion in the same quarter last year. Amazon’s gross margin declined to 20.6% from 21.3% last year. The company sees sales in the current quarter in the range of $3.95 billion to $4.15 billion, up between 31% and 38% from the first quarter of fiscal 2007. Operating income is expected to increase 38% in the first quarter. |
|
|
Full Story... |
Weak U.S. Sales Drag McDonald’s Profit
Jan 30, 1:56 PM EST |
|
| Net profit rose 3% to $1.27 billion or $1.06 per share from $1.24 billion or $1 per share a year ago. |
|
| The fast-food giant posted a better-than-expected quarterly profit, but U.S. same-store sales in December remained flat. Earnings without tax benefit rose 21% to 73 cents a share, while revenue increased 6% from a year ago to $5.75 billion. The company’s global same-store sales advanced 6.7%. McDonald''s expects U.S. same-store sales in January to grow 1.5% from a gain of 3.6% a year earlier. |
|
|
Full Story... |
UPS Contributes $6.1 B to Pension Plan
Jan 30, 10:24 AM EST |
|
| UPS stock had struggled in the last six months as earnings have been erratic and worries related to domestic economy. International shipment rises. |
|
| UPS today reported adjusted diluted earnings per share of $1.13 for its fourth quarter, an 8.7% increase over last year. Revenue improved 6.1% driven by a double-digit increase in international export volume. Average daily number of packages handeled increased to by 0.36 million to 17.7 million. |
|
|
Full Story... |
Yahoo Drops 10% on Lower Earnings
Jan 30, 10:03 AM EST |
|
| Yahoo chief executive said that the company is facing headiwnds in the near term but regain momentum in 2009. |
|
| Yahoo revenue in the fourth quarter rose 8% to $1.8 billion from a year ago and revenues excluding traffic acquisition gained 14% to $1.4 billion. Net income fell in the quarter fell to $260 million or 15 cents per share from $269 million or 19 cents per share from a year ago. |
|
|
Full Story... |
|
|
1
