Tag Archives: firstquarter

Sharp’s first-quarter operating profit boosted as Chinese smartphone makers swell sales

By Sophie Knight TOKYO (Reuters) – Japan's Sharp Corp said it expected revenue from Chinese smartphone makers to increase fivefold in the six months to September after a jump in smartphone panel orders helped boost operating profit by 55 percent … Continue reading

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Sony warns smartphone weakness will brake profit progress after first-quarter surge

By Sophie Knight TOKYO (Reuters) – Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, citing weak demand, as the consumer electronics maker said restructuring will still help it turn a profit on its … Continue reading

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Panasonic first-quarter operating profit up 18.1 percent

Panasonic Corp posted an 18.1 percent rise in operating profit for the first quarter, beating analyst expectations, on growing demand for its automotive parts and household fittings. The figure was higher than the 66.82 billion yen average estimate of six … Continue reading

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Saudi Mobily says piggyback mobile service to launch in first-quarter

By Matt Smith DUBAI (Reuters) – Saudi Arabia’s Mobily will start leasing its mobile phone network to a new operator to launch a rival service in the first quarter, an executive said, kicking off the biggest shake-up in the kingdom’s … Continue reading

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Adobe’s first-quarter forecast misses estimates; shares fall

(Reuters) – Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter results below analysts' estimates, sending its shares down as much as 5 percent in extended trading. Adobe said it expects revenue of $ 950 million to … Continue reading

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Lenovo first-quarter profit jumps as smartphone push pays off

(Reuters) – Lenovo Group Ltd, the world's largest PC maker, booked a forecast-beating 23 percent jump in April-June net profit to deliver its second-best quarterly earnings, as its push into smartphones and tablets begins to bear fruit. With the traditional … Continue reading

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Japan’s Sony first-quarter operating profit beats forecasts

TOKYO (Reuters) – Sony Corp reported a higher than expected first-quarter operating profit on Thursday, boosted by strong sales of its flagship Xperia smartphones in Japan and rising shipments of image sensors to phone makers. The bump in profitability may … Continue reading

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Infosys first-quarter net profit up 3.7 percent, meets estimates

(Reuters) – Infosys, India's second-largest software services exporter, posted a 3.7 percent year-on-year increase in its first-quarter net profit, matching estimates, after contract wins and foreign exchange gains boosted earnings. Consolidated net profit for the quarter ended June 30 rose … Continue reading

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US first-quarter growth revised lower

Figures show consumers held up despite an increase in payroll taxes, giving some hope for momentum that will carry through to the rest of the year Financial Times – Asia homepage

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Tencent eyes revenue growth, triples chat app users in first-quarter

(Reuters) – Tencent Holdings more than tripled the number of active users for its mobile chat application in the first quarter, a boon to China's largest online gaming and social networking firm as it tries to diversify its revenue stream. … Continue reading

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