Japanese consumer electronics firm Sony Corp raised its earnings estimates for the second time in three months on Wednesday, citing higher than expected sales of video games and digital cameras. Sony said it probably made an operating profit of 68 billion yen ($569 million) in the year ended March 31, compared with 26.5 billion yen a year earlier. Sony is set to make its official earnings statement for the year
By Se Young Lee SEOUL (Reuters) – South Korea’s LG Display Co Ltd downplayed risks of a supply glut in the global panel market after reporting its best quarterly profit in more than four years, seeking to assuage fear about a sharp profit decline later this year. Investors and analysts worry that TV makers will cut orders and hurt panel sales, while factories of Chinese panel manufacturers scheduled to begin
By Toby Sterling AMSTERDAM (Reuters) – ASML, Europe’s largest supplier to computer chip makers, will sell 15 of its next-generation machines to a single U.S. customer, it said on Wednesday, in a deal that could be worth more than $1 billion. Analysts identified the likely buyer of the lithography systems as Intel and said the deal would not only boost ASML growth for years to come, but was also a
Norway’s Opera Software, a maker of internet browsers and mobile phone advertising solutions, currently sees positive market developments despite difficulties in Russia and a reorganization of its development teams, CEO Lars Boilesen said. “We have informed the market about the situation in Russia and said the economic situation there is not optimal. Opera’s share price has risen by about 40 percent to around 71 Norwegian crowns since hitting a 2015
The trade that George Soros and Stanley Druckenmiller pulled off in 1992 by betting against the British pound — and making $1 billion in the process — has gained legendary status. So Gross may well be right.
McDonald’s reported quarterly earnings that fell short of analysts’ expectations. “The results show it’s not going to be an overnight turnaround story,” says one analyst.
The National Association of Realtors said on Wednesday existing home sales increased 6.1 percent to an annual rate of 5.19 million units, the highest level since September 2013. “The stronger rebound in existing sales is extremely encouraging as it hints at a nascent rebound in economic activity over the coming weeks,” said Gennadiy Goldberg, an economist at TD Securities in New York. The U.S. housing index (.HGX) fell in line
Although there’s no fundamental cause for concern, history doesn’t bode well for long-term Apple shareholders.
Google Inc. is set to unveil its new U.S. wireless service as early as Wednesday, pushing the Internet giant further into telecom and injecting fresh uncertainty into a wireless industry already locked …
Concerns over a shortage of pork drove shares of Chipotle lower before the opening bell Wednesday. The Mexican food chain has been facing a shortage since January when it suspended a major supplier over …
