Earnings News

Canadian uranium producer Cameco reports quarterly loss

(Reuters) - Canadian uranium producer Cameco Corp reported a quarterly loss, hurt by a higher impairment charge and weakness in the Canadian dollar and forecast a fall in uranium sales for 2016. The company expects 2016 uranium sales to fall up to 5 percent compared with 2015. "We are still waiting on a market recovery that was expected to come sooner," Chief Executive Tim Gitzel said in a state…

  • The logo for LinkedIn Corporation, a social networking networking website for people in professional occupations, is shown in Mountain View
    LinkedIn forecasts weak first-quarter … Reuters - Thu, 4 Feb, 2016

    LinkedIn Corp forecast first-quarter revenue and profit below Wall Street estimates as growth slows in its ads business and its hiring services face pressure outside … More »LinkedIn forecasts weak first-quarter …

    The logo for LinkedIn Corporation, a social networking networking website for people in professional occupations, is shown in Mountain View

    LinkedIn Corp forecast first-quarter revenue and profit below Wall Street estimates as growth slows in its ads business and its hiring services face pressure outside North America, dragging its shares down 28 percent after the bell. Online ad revenue growth slowed to 20 percent in the fourth quarter from 56 percent a year …

  • A worker carries a metal rod inside a factory applying powder coating in Dongguan, southern China
    Payment delays, stock build bleed cash … Reuters - Thu, 4 Feb, 2016

    By James Pomfret and Umesh Desai DONGGUAN/HONG KONG (Reuters) - If, as the adage has it, turnover is vanity, profit is sanity, but cash is reality, a Reuters analysis … More »Payment delays, stock build bleed cash …

    A worker carries a metal rod inside a factory applying powder coating in Dongguan, southern China

    By James Pomfret and Umesh Desai DONGGUAN/HONG KONG (Reuters) - If, as the adage has it, turnover is vanity, profit is sanity, but cash is reality, a Reuters analysis of working capital at 1,200 Chinese firms shows much of corporate China is hurtling towards a reality check. As China's economy hits its slowest growth …

  • An apartment block is pictured in downtown Vancouver, British Columbia
    Canada builders shift from condos to … Reuters - Thu, 4 Feb, 2016

    By Andrea Hopkins TORONTO (Reuters) - Amid fears of a bubble in condominium prices in Canada's largest cities, developers say they are shifting from building condos … More »Canada builders shift from condos to …

    An apartment block is pictured in downtown Vancouver, British Columbia

    By Andrea Hopkins TORONTO (Reuters) - Amid fears of a bubble in condominium prices in Canada's largest cities, developers say they are shifting from building condos to high-rise rental apartments, as institutional investors look for assets with steady cash flow. Canadian developers have largely focused on condos for more …

  • Software maker Atlassian's revenue … Reuters - Thu, 4 Feb, 2016

    (Reuters) - Australian Atlassian Corp PLC reported a 44.7 percent increase in quarterly revenue as more customers purchased its software that help companies collaborate … More »Software maker Atlassian's revenue …

    (Reuters) - Australian Atlassian Corp PLC reported a 44.7 percent increase in quarterly revenue as more customers purchased its software that help companies collaborate and manage their operations. Net income inched up to $5.1 million in the second quarter ended Dec. 31 from $5.0 million a year earlier. On a per shares …

  • Canada's Centerra given go-ahead … Reuters - Thu, 4 Feb, 2016

    By Terrence Edwards ULAN BATOR (Reuters) - Canada's Centerra Gold Inc has received the go-ahead from lawmakers in Mongolia to mine the Gatsuurt deposit after a five-year … More »Canada's Centerra given go-ahead …

    By Terrence Edwards ULAN BATOR (Reuters) - Canada's Centerra Gold Inc has received the go-ahead from lawmakers in Mongolia to mine the Gatsuurt deposit after a five-year delay, as that resource-rich country looks to bolster its economic activity and gold reserves. Mongolia's once-booming economy has taken a steep slide, …

  • Saputo adjusted profit rises, boosted … Reuters - Thu, 4 Feb, 2016

    (Reuters) - Saputo Inc , one of Canada's largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian … More »Saputo adjusted profit rises, boosted …

    (Reuters) - Saputo Inc , one of Canada's largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian dollar. For its fiscal third quarter, adjusted net income rose 13.5 percent to C$175.4 million, or 44 Canadian cents a share. Revenue during the quarter, which …

  • Cope addresses shareholders at the company's Annual General Meeting, in Toronto
    Canada's BCE posts lower profit, … Reuters - Thu, 4 Feb, 2016

    By Alastair Sharp TORONTO (Reuters) - BCE Inc, the Canadian telecommunications and media company, reported a drop in fourth-quarter profit as it paid more to win wireless … More »Canada's BCE posts lower profit, …

    Cope addresses shareholders at the company's Annual General Meeting, in Toronto

    By Alastair Sharp TORONTO (Reuters) - BCE Inc, the Canadian telecommunications and media company, reported a drop in fourth-quarter profit as it paid more to win wireless business and for workers' severance, but raised its dividend and pointed to moderate growth in 2016. Bell, as the company is known to customers, said …

  • Employees of Tata Consultancy Services (TCS) work inside the company headquarters in Mumbai
    India's IT services growth seen … Reuters - Thu, 4 Feb, 2016

    The cutback on routine IT services is likely to push firms including Tata Consultancy Services Ltd and Infosys Ltd to sharpen their focus on high-margin digital services, … More »India's IT services growth seen …

    Employees of Tata Consultancy Services (TCS) work inside the company headquarters in Mumbai

    The cutback on routine IT services is likely to push firms including Tata Consultancy Services Ltd and Infosys Ltd to sharpen their focus on high-margin digital services, analytics and artificial intelligence to cushion the impact on earnings. India's IT and software services export revenue is likely to grow by 10-12 percent …

  • A women holds her laptop as she walks in front of a cloud computing logo at the booth of IBM during preparations for the CeBIT trade fair in Hanover
    IBM tries to bolster cloud growth with … Reuters - Thu, 4 Feb, 2016

    In doing so, they often sidestep more expensive IBM technology, meaning IBM needs to bolster its own cloud offerings to compete. The new tools help developers work faster, … More »IBM tries to bolster cloud growth with …

    A women holds her laptop as she walks in front of a cloud computing logo at the booth of IBM during preparations for the CeBIT trade fair in Hanover

    In doing so, they often sidestep more expensive IBM technology, meaning IBM needs to bolster its own cloud offerings to compete. The new tools help developers work faster, build more functions into existing software applications and create predictive analytics apps. "IBM has a tremendous asset," Derek Schoettle, general …

  • Branding for Vodafone is seen on the exterior of a shop in London, Britain
    Vodafone says recovery in Europe still … Reuters - Thu, 4 Feb, 2016

    By Paul Sandle LONDON (Reuters) - Mobile phone company Vodafone delivered its sixth consecutive quarter of underlying revenue growth on Thursday, as Germany and Italy … More »Vodafone says recovery in Europe still …

    Branding for Vodafone is seen on the exterior of a shop in London, Britain

    By Paul Sandle LONDON (Reuters) - Mobile phone company Vodafone delivered its sixth consecutive quarter of underlying revenue growth on Thursday, as Germany and Italy led an improvement in Europe, its biggest regional business. Vodafone also said it was on track to deliver full-year earnings before interest, tax, depreciation …

  • GoPro Hero 3+ camera is seen at the Nasdaq Market Site before before GoPro Inc's IPO in New York
    GoPro forecasts revenue below estimates, … Reuters - Wed, 3 Feb, 2016

    (Reuters) - GoPro Inc forecast current-quarter revenue well below analysts' estimates on weak demand for its wearable cameras and the company named Brian McGee as its … More »GoPro forecasts revenue below estimates, …

    GoPro Hero 3+ camera is seen at the Nasdaq Market Site before before GoPro Inc's IPO in New York

    (Reuters) - GoPro Inc forecast current-quarter revenue well below analysts' estimates on weak demand for its wearable cameras and the company named Brian McGee as its new chief financial officer. GoPro said McGee, who joined the company from Qualcomm Inc in 2015, would succeed Jack Lazar as CFO on March 11. Demand for …

  • Taylor Swift arrives at the 2015 MTV Video Music Awards in Los Angeles
    Taylor Swift to develop mobile game … Reuters - Wed, 3 Feb, 2016

    Grammy-award winning pop star Taylor Swift is making her first foray into the world of mobile gaming by partnering with Glu Mobile Inc to develop a new game, the company … More »Taylor Swift to develop mobile game …

    Taylor Swift arrives at the 2015 MTV Video Music Awards in Los Angeles

    Grammy-award winning pop star Taylor Swift is making her first foray into the world of mobile gaming by partnering with Glu Mobile Inc to develop a new game, the company said on Wednesday. Glu Mobile did not provide further details on the game or Swift's involvement, except that the game was slated for release in late-2016 …

  • A view of the Merck & Co. campus in Linden, New Jersey
    Merck gives cautious 2016 outlook as … Reuters - Wed, 3 Feb, 2016

    Merck & Co Inc on Wednesday issued a cautious 2016 outlook and reported disappointing fourth-quarter sales of its Januvia diabetes treatment and its Remicade arthritis … More »Merck gives cautious 2016 outlook as …

    A view of the Merck & Co. campus in Linden, New Jersey

    Merck & Co Inc on Wednesday issued a cautious 2016 outlook and reported disappointing fourth-quarter sales of its Januvia diabetes treatment and its Remicade arthritis drug, sending its shares down nearly 3 percent. Merck said wholesalers had stocked up in the prior quarter, and the products face growing competition from …

  • File photo of the logo of Lenovo on a computer monitor during a news conference in Hong Kong
    Lenovo's disappointing quarterly … Reuters - Wed, 3 Feb, 2016

    By Yimou Lee HONG KONG (Reuters) - China's Lenovo Group Ltd <0992.HK> reported a forecast-beating third-quarter net profit on Wednesday, but a disappointing drop in … More »Lenovo's disappointing quarterly …

    File photo of the logo of Lenovo on a computer monitor during a news conference in Hong Kong

    By Yimou Lee HONG KONG (Reuters) - China's Lenovo Group Ltd <0992.HK> reported a forecast-beating third-quarter net profit on Wednesday, but a disappointing drop in revenue amid a slowing global PC and smartphone market sent its shares tumbling 11 percent. Lenovo Chief Executive Yang Yuanqing reiterated the company's …

  • Iraq's Kurdistan region's President Massoud Barzani speaks during a news conference in Erbil
    Iraqi Kurdish leader calls for non-binding … Reuters - Tue, 2 Feb, 2016

    Iraq's autonomous Kurdistan region should hold a non-binding referendum on independence, its president said on Tuesday, despite the numerous crises it is facing. Massoud … More »Iraqi Kurdish leader calls for non-binding …

    Iraq's Kurdistan region's President Massoud Barzani speaks during a news conference in Erbil

    Iraq's autonomous Kurdistan region should hold a non-binding referendum on independence, its president said on Tuesday, despite the numerous crises it is facing. Massoud Barzani has previously called for a referendum but set no timetable for a proposed vote. The chaos created by Islamic State's occupation of swathes of …

  • Pfizer 2016 forecast disappoints Reuters - Tue, 2 Feb, 2016
    The Pfizer logo is pictured on the company's World Headquarters building in the Manhattan borough of New York

    U.S. drugmaker Pfizer Inc on Tuesday forecast 2016 revenue and earnings below analysts' estimates, largely because of the strong dollar. Pfizer, which plans to buy Botox maker Allergan Inc in the second half of this year, said it expected earnings of $2.20 to $2.30 per share in 2016. Tony Scherrer, director of research …

  • A Westjet Boeing 737-700 takes off at the International Airport in Calgary

    WestJet Airlines Ltd's quarterly revenue per available seat mile, a key measure of profitability, is poised for its steepest decline since 2009, as Alberta's weakening economy weighs on leisure and business travel from the western Canadian province. Alberta, known for its oil-rich resources, has been hit by a near 70 …