Profit of Rusal highly increased in Q3 2011
The largest aluminum producer in the world - Russian company Rusal, today announced better than expected results in the third quarter. This happens despite the deteriorating prospects for the global economy, pushing down the price of aluminum. In the third quarter of 2011 Rusal profit amounted to 432 million dollars after the same period of last year's positive result was much more modest - 29 million USD. Net profit adjusted for the share in Norilsk Nickel capital increases from 143 to 290 million USD. A positive result before interest, taxes, depreciation and amortization increased by 25% yoy to 705 million dollars in preliminary expectations of analysts for 661 million USD.
"The global automotive market remains a key driver for the increase in demand for aluminum. The construction sector remained weak in the leading economies, except China, and manufacturing of aluminum products in Europe is slowing", explains in communique the business managements of Rusal. The company predicts that by 2011 demand for aluminum will increase by 13% over the previous year and will reach 46 million metric tons. The current price of aluminum is about 2160 dollars per metric ton. This is a decrease of about 25 per cent peak this year, reached in May.
Profit of Research In Motion dropped with 71% in Q3 2011
The Revenues of the Canadian technology manufacturer Research In Motion in the third quarter of fiscal year (until 26 November) reported a decline of 6% to 5.169 billion dollars (3.9 billion) from the previous quarter. However, profit slump by as much as 71% and amounted to only 265 million dollars (201 million), or 0.51 dollars per share. The reason for this poor result, according to company's loss of nearly $ 500 million, the manufacturer of BlackBerry suffer because of weak sales of tablet PlayBook, and 54 million dollars compensation paid to victims in the interruption of messaging services in October. Thus the results of the RIM in the quarter disappointed analysts. In a Reuters poll they expected a profit of 1.19 dollars per share on revenue of 5.27 billion dollars. Between August and November were delivered 14.1 million the number of BlackBerry, which is 33% growth the previous quarter. Three months ago the company spoke forcefully on the sales of its latest generation of Blackberry, as well as the new top model Bold 9900. Analysts expressed doubts, however, is clearly justified. During the quarter the company has sold 150 000 tablets PlayBook. RIM recently tried to gain new customers with massive discounts. One of the two CEOs Mike Lazaridis said that the concessions already showed first results. He also reassure investors and customers that the company will remain on the tablet market. The number of Blackberry subscribers last quarter jumped 35% to 75 million positive development was explained by the strong exchange rate of expansion abroad. How many new customers were won outside North America, however, is not yet clear.
Dell revenues stagnated
The results of the U.S. technology company Dell's third quarter missed analysts' expectations. In addition, management warned that the planned annual targets may not be achieved due to a shortage of hard disks. For the third quarter, Dell realized revenue of 15.36 billion USD, or , which coincides with what was achieved during the same period last year. Profits do amount to 893 million USD, or , or 49 cents per share for 822 million USD, or 42 cents per share a year ago. With the exclusion of certain one-off effects of the Dell profit was 54 cents a share, above analysts' expectations for 47 cents a share. Revenue projections were for 15.65 billion dollars. The unclear economic situation and the shortage of hard drives, which is a problem throughout the industry, driving the company's management expects results for fiscal 2012 to be in the lower range of the underlying estimates. This means that the expected revenue growth of between 1 and 5 per cent. Currently a major concern in the technology sector are floods in Thailand. Because these key manufacturers of hard drives have stopped production, which threatens the presentation of numerous companies. The Dell's revenue from sales of PCs fell by 6 percent to 3.4 billion USD, or . With so fell and sales to private customers. In public customers has decreased by 2 percent annually to 4.2 billion USD, or .
GM reported small profit decrease
The U.S. auto giant General Motors announced better than expected results for the third quarter. The company managed to increase its market share in the markets in North America and Asia, but the problems in Europe prompted it to lower its forecasts for the presentation of the continent. The net income of General Motors for the third quarter amounted to 1.7 billion USD or 1.03 USD per share. For the same period last year positive result was 2 billion USD or 1.20 USD per share. A preliminary estimate of analysts was for earnings of 96 cents per share. The company revenue for the period were 36.7 billion USD, 34.1 billion USD achieved in the third quarter of 2010. The lrgest carmaker in the U.S. went bankrupt in 2009 after the country's government poured 52 billion USD to save it. As a result of the operation state owns 32% of the company's capital. The government's position is that it will not be rushed sale of its stake in General Motors. The current price of the shares of the company is around 24 dollars, which is well below 33 USD, which was made in re-listing trading.
AOL with incomes decreased and loss in the Q3 2011
The American media company AOL announced poor financial results for the third quarter, according to which the loss amounts to 2.6 million USD (1.7 million EUR), or 0.02 USD per share. A year ago, Internet Company announced a profit of 171.6 million USD, and in the previous quarter loss amounted to 11.8 million USD. Passages from sales between July and September have dropped by 6% to 531.7 million USD (386.7 million EUR). Despite losing AOL exceeded expectations of analysts, who expected a loss of 0.06 USD per share on revenue of 524 million USD. The revenues from sales of advertising in the third quarter were up 8% to 317.7 million USD. In the company's subscription business, however, again had to settle with losses - revenue here were EUR 191.9 million USD, down 22% over the same period a year earlier.
"The trend of results shows that our strategy of becoming a media and technology company with a great offering for consumers and closer ties with global brands and advertising agencies has worked", says the CEO Tim Armstrong. The data show a reversal because the company has managed to halt declines in revenue. Decrease of 6% in the third quarter was the lowest in five years. In addition, advertising revenue growth recorded the previous quarter for the second time.
MasterCard surprised with high profit increase
The U.S. company MasterCard said profit growth for the third quarter, easily exceeded analysts' expectations. New York-based company reported a net profit of 716 million USD or 5.63 USD per share for 519 million USD during the same period of 2010, or 3.94 USD per share - an increase of 38% yoy. The total amount of funds in the transactions grew by 18.1 percent, while their number increased by 20.1%.
The company increased its efforts to take a share of the domestic market from its main competitor Visa, while it expands its international business. Over the past 12 months MasterCard signed a contract with a credit institution as SunTrust Banks, which until recently was a customer of Visa. The company announced some successes and abroad, the number of transactions in Brazil and the Netherlands contribute, and expansion in Italy yet. In this year of MasterCard shares rose 50%. The company announced that they redeem their shares worth 77 million USD in the third quarter and 3 million since the beginning of the fourth quarter, as the current buyback program remain available to 879 million USD.
Pfizer revised upwards its forecast for 2011 profits
The US medicine manufacturer Pfizer revised its forecast for profit this year upwards. The reason for the increase are better than expected earnings last quarter. According to data published today, the company now expects net earnings per share to be between 2.24 and 2.29 USD. However the Group confirms its objectives for 2012. During the quarter the company reported revenues of 17.2 billion USD, while the analysts had expected 16.42 billion USD. The reason is higher demand from rapidly growing emerging markets. While revenues in the U.S. fell, the manufacturer of a lot of pharmaceuticals reported double-digit growth in its international divisions.
Almost 1 billion USD contribution to revenues is positive currency effects. The net profit was 62 cents per share. The experts predicted profit is up 56 cents a share. The largest pharmaceutical concern in the world report billion in revenue primarily due to the sale of its subsidiary Capsugel. The profit amounted to 3.74 billion dollars (about 2.66 billion euros), while in the third quarter of last year it was 866 million dollars. The sale of Capsugel Pfizer has brought a net profit of 1.3 billion dollars.
The loses of Electronic Arts are increasing
The manufacturer of video games Electronic Arts recorded an increase in loss on an annual basis, although reported revenue growth. The reason for the negative result is higher costs, the company had to make. In the third quarter of the calendar year, which is the second fiscal year of Electronic Arts, has reported a loss of 340 million USD or 1.03 USD per share. For the same period of 2010 the negative result of the company was 201 million USD, or 61 cents a share. Adjusted earnings of Electronic Arts, which do not include deferred receivables in the company's products online, increasing by 17 percent annually to 1.03 billion USD. With the main merit of this are the strong sales of games FIFA 2012 and Madden NFL 12, it is clear from the financial reports of the company. The good sales have enabled the company to raise its forecast for revenue by the end of the year. According to executive director of Electronic Arts John Riccitiello this will help, and released two days ago the market game Battlefield 3, which saves quite a strong debut. For this quarter, the company forecast revenue in the range 1.55 to 1.65 billion USD. The profit forecast for the fiscal year even slightly elevated and is within the 75-90 cents per share.
The profit of Caterpillar grew with 44% in Q3 2011
Caterpillar Inc exceeded analysts' expectations after today reported profit growth for the third quarter by 44% and record earnings, showing a moderate optimism about the outlook for sales in 2012. The Illinois-based company said net profit of 1.14 billion USD or 1.71 USD per share, while during the same period of 2010 indicators were respectively 792 million USD and 1.22 USD per share. The forecasts of analysts was for earnings of 1.54 USD per share. The sales rose 41% to 15.7 billion USD. Caterpillar expects its revenue and profit for 2011 to be at the top of the range of its previous forecast because of strong demand. For 2012, revenue is forecast to increase by between 10% and 20% more than expected this year to 58 billion USD in the previous forecast between 56 billion USD and 58 billion USD. The expected annual profit of 6.75 USD per share for 2011 under previous forecast between 6.25 USD and 6.75 USD per share. If you include the acquisition of Bucyrus, the profit for this year could reach 7.25 USD per share. The company has opened 4,800 new jobs in the third quarter, including 2,000 in the U.S.. Caterpillar remains cautious about the international economy.
Verizon with profit increase in Q3 2011
The U.S. company Verizon Communications announced profit growth in the third quarter to 1.38 billion USD, or 49 cents a share, compared to 659 million USD, or 23 cents a share, for the same period last year. The revenue rose to 27.9 billion USD from 26.5 billion USD in the third quarter of 2010 and almost full coverage of analysts forecast revenue of 27.88 billion USD. If you exclude one-time revenues and expenses not related to the main business of the company, profit reached 56 cents per share. The increase in subscribers, however, remained below the estimates, although the company remains ahead of its competitors in this respect. At Verizon Wireless, a joint venture with Vodafone Group mobile phone subscriber growth is 882 thousand, while analysts expected an average increase of 1.04 million The biggest competitors of AT & T announced yesterday But only half of the achievement of Verizon. The company reaffirmed its forecast and profit growth for 2011 of between 5% and 8% index of 2.08 USD per share for 2010 and revenue growth of between 4% and 8%. The CEO of Verizon Communications Laual McAdam said that the company achieves its objectives despite problems with the network because of the hurricane in late August, which came after a two-week strike by staff.
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