News tagged with quarter profit

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Apple shares close over $500

Apple shares surged past $500 for the first time on Wall Street on Monday, powered by reports a new iPad may be unveiled next month.

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Lenovo 3Q profit up by half, warns of disk supply

(AP) -- Lenovo Group Ltd., the world's second biggest personal computer maker, said Thursday that quarterly profit grew by more than half but warned hard drive costs would remain high amid a global shortage.

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News Corp. quarterly net profit up 65%

News Corp. said Wednesday that its net profit rose 65 percent in the second quarter of its fiscal year to $1.06 billion.

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Taiwan's Acer sues ex-CEO over Lenovo job

Taiwan's leading personal computer maker Acer said Wednesday it has filed a lawsuit against former chief executive Gianfranco Lanci after he joined Chinese rival Lenovo.

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Taiwan's HTC expects 30 percent sales plunge in 1Q

Taiwan's leading smartphone maker HTC forecast Monday that its revenue in the three months to March may plunge 30 percent from a year ago, as competitors Apple and Samsung take their grip on the market.

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NY Times net profit declines in fourth quarter

The New York Times Co. said Thursday that a print advertising revenue slide and weaker results at advice website About.com dragged down net profit in the fourth quarter.

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S. Korea's Hynix swings to red in Q4 on poor demand

South Korea's Hynix Semiconductor, the world's second-largest maker of memory chips, said Thursday it swung into the red in the fourth quarter as chip prices fell on weak demand for personal computers.

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iPad chip designer ARM Holdings posts strong profits

ARM Holdings, the British company whose microchip designs are used to help power Apple's iPads, posted strong fourth-quarter profits Tuesday thanks to keen demand for smarter technology.

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Japan's Fujifilm seeks tie-up with Olympus

Japanese film and camera maker Fujifilm has offered scandal-hit Olympus a capital and business tie-up, it said Monday as it announced a slump in third-quarter profits.

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Samsung 4Q profit rises 17 pct on smartphone sales

(AP) -- Samsung Electronics Co. reported a 17 percent jump in fourth quarter profit on the strength of smartphone sales even as the company battled claims it had copied Apple's iPhone.

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Apple shares soar, edges ExxonMobil in market cap

Apple shares soared on Wednesday following blockbuster quarterly earnings and the California gadget-maker leapfrogged over ExxonMobil to become the largest US company in terms of market value.

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India's Wipro quarterly profits, revenue outlook up

Wipro, India's third-largest software exporter, reported Friday a 10.3 percent rise in quarterly profit but said the global outlook remained uncertain for the nation's flagship outsourcing sector.

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India's Infosys warns about IT sector outlook, shares slump

Indian IT giant Infosys on Thursday posted a 33-percent rise in its quarterly profit, but warned of a slowdown and weak client spending due to global uncertainty and the European debt crisis.

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India's Mahindra Satyam sues former directors, auditor

Indian software outsourcer Mahindra Satyam on Monday said it had filed a case against past directors and a former auditor, seeking damages over a $1 billion accounting scam.

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Samsung tips record Q4 operating profit of $4.5bn

Samsung Electronics said Friday it expects a record operating profit in the fourth quarter of 5.2 trillion won ($4.5 billion), 73 percent up year-on-year thanks mainly to strong smartphone sales.

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