Nam Hyung Kim, Managing Director at Arete Research Asia, says Samsung needs to be more aggressive in pricing in order to expand its market share in emerging markets.
Despite falling exports and dismal industrial output in June, Japan will recover in the second half of 2014, says John Vail, Chieif Global Strategist at Nikko Asset Management.
SEOUL, July 31- Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and was downbeat about its second-half prospects, fueling concerns about its ability to protect its smartphone turf in the face of mounting competition.
SEOUL, South Korea— Samsung Electronics Co. reported lower-than-expected profit for the second quarter on Thursday and said it was uncertain if handset business profit would improve during the current period. Its net income during the April-June quarter dropped 20 percent to 6.3 trillion won, compared with 7.8 trillion won a year earlier.
SEOUL, July 31- South Korea's Samsung Electronics Co Ltd on Thursday reported a 24.6 percent fall in second-quarter operating profit, in line with guidance, due to disappointing returns from its smartphone business. The world's biggest smartphone maker reported an April-June operating profit of 7.2 trillion won, matching its guidance of 7.2 trillion won.
SAN ANTONIO— Tesoro Corp. on Wednesday reported profit that declined by 1.3 percent in its second quarter, and missed analysts' expectations. The San Antonio- based company said earnings fell to $224 million, or $1.70 per share, from $227 million, or $1.64 per share, in the same quarter a year ago.
July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first quarterly profit as a public company, shrugging of analyst forecasts of a loss as small business customers spent more on advertising. Yelp shares fell as much as 3 percent in extended trading, before recovering most of the lost ground.
NEW YORK— Weight Watchers International Inc. on Wednesday reported profit that decreased by 17 percent in its second quarter. The New York- based company said net income dropped to $54 million, or 95 cents per share, from $64.9 million, or $1.15 per share, in the same quarter a year earlier.
July 30- MetLife Inc reported a lower-than-expected quarterly profit as the largest U.S. life insurer paid out more in claims, sending its shares down nearly 2 percent.
July 30- Canadian business software maker Open Text Corp reported quarterly revenue above analysts' estimates, largely driven by higher demand for its cloud services. The company said it appointed John Doolittle as Chief Financial Officer, effective Sept. 8.
Weight Watchers International reported better-than-expected second-quarter revenue. Shares rose sharply.
REDWOOD CITY, Calif.— Shutterfly Inc. on Wednesday reported a wider loss in its second quarter, and beat analysts' expectations. The Redwood City, California- based company reported a loss of $27.1 million, or 70 cents per share, compared with a loss of $11.8 million, or 31 cents per share, in the same quarter a year ago.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell 42 percent from a year ago when the company benefited from a gain tied to employee pensions, and its sales barely increased as the company faced challenging consumer and economic trends.
SAN FRANCISCO— Yelp Inc. on Wednesday reported a second-quarter profit after posting a loss in the same period a year ago. The San Francisco- based company reported net income of $2.7 million, or 4 cents per share, compared with a loss of $878,000, or 1 cent per share, in the same quarter a year ago.
July 30- Home and auto insurer Allstate Corp reported a 49 percent jump in quarterly profit as costs fell and the company earned more premiums. On an operating basis, Allstate reported earnings of $1.01 per share. Premiums earned at Allstate's property-liability division rose about 5 percent to $7.20 billion.
July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first quarterly profit as a public company, shrugging of analyst forecasts of a loss, as it won more small businesses customers. Yelp, which listed almost three years ago, competes with internet search engines from Google Inc, Yahoo Inc and Microsoft Corp's Bing.
NORTHFIELD, Ill.— Kraft Foods Group Inc. on Wednesday reported net income that declined by 42 percent in its second quarter, and missed analysts' expectations. The Northfield, Illinois- based company said earnings fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, in the same quarter a year ago.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, a year ago, when the company benefited from a significant gain tied to its post-employment benefit plans.
NEW YORK— Whole Foods is getting ready to launch its first national marketing campaign and expand home delivery as it looks to fend off bigger players muscling into the organic and natural foods category.
July 30- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a 48.6 percent rise in quarterly profit as net written premiums rise and operating expenses fall.