Dell with extremely good financial report
The strong performance in corporate sales helped the American company Dell to triple its profits on an annual basis during the first three months of 2011. Despite the best result, however, the report can be seen and negative signals, mainly associated with weak consumer demand, said Reuters. The Dell's profit for the first three months of the year is 945 million dollars, or 49 cents a share, after the same period of last year's positive result was 341 million dollars, or 17 cents per share. The company's revenues increased by 1 percent annually to $ 15 billion. The preliminary estimates of analysts was for earnings of 43 cents per share and revenue of 15.4 billion dollars. The good news for the company's sales of large corporate customers increased by 5 percent to $ 4.5 billion. However, retail sales dropped by 7 per cent.
Good report of Dell was reflected by market participants, after publication of the results of the company's shares rocketed by 6.2 percent to 16.88 dollars per share.
Allianz with positive report
The high costs due to natural disasters have failed to throw Europe's largest insurer Allianz on the road to profits. Operating profit for the first quarter was the amount of 1.7 billion - as during the same period last year. Asked by Dow Jones Newswires analysts expected profit of 1.63 billion EUR. The listed in the stock exchange of Frankfurt concern had to spend on compensation as a result of natural catastrophes with almost 200 million more than during the same period of 2010 and has managed to sell less of its shares. In the first quarter of 2010, namely the sale of shares of Chinese bank ICBC has brought additional 522 million in cash desks of the insurer said. The overall costs following natural disasters were of around 750 million EUR. Of these, 320 million EUR pertaining to the devastating earthquake in Japan and the ensuing tsunami. In general, the concern for such expenses paid annually around 900 million EUR. The cost for flooding in metropolitan Brisbane and Australian cyclone Iasi, which swept Cairns, Townsville and Mackay in the Australian state of Queensland, and part of the Great Barrier Reef were assessed last week by the Chief Executive Michael Diekmann of about 300 million EUR.
BMW reported 4 times increase of the profit
The Munich-based automobile concern BMW has managed to increase almost four times its profit for the first quarter and thus vulnerable to competition in the high price segment of the Mercedes and Audi. The company is the last major German manufacturer, who presented his results for the first three months of the year. Data show that they were most successful for her as well as its competitors in developing countries and the already established markets like the U.S. and Europe. Furthermore, the Group has managed to sell more limousines and vans, which is the reason for the increase in operating margin of 11.9%. The same indicator for Mercedes is 9.3 percent and for Audi - 10,6%.
"BMW Group started the year strongly", said in the presentation of data CEO Norbert Reithofer. "We achieved record profits and sold more cars per quarter than it was."
The sales of the main brand BMW are up 21% to 321,175 vehicles, thus the concern ahead of Audi and Mercedes. Not see an end to this upward trend - the U.S., the most important export market, the Bavarians have sold considerably more cars than its German competitors in the high segment.
Coca-Cola’s profit increased with 275% in the 4th quarter of 2010
The American company Coca-Cola reported impressive growth in profits of 275% yoy in the fourth quarter of 2010. That have contributed to lower costs of the company and sales growth globally. The earnings giants amounts to 5.77 billion dollars or 2.46 dollars per share. For the last quarter of 2009, far lower - 1.54 billion dollars, or 66 cents a share. If you eliminate one-off effects, earnings per share capital of Coca-Cola rose by 9 per cent to 72 cents. In the fourth quarter the company's revenue jumped 40 percent to 10.49 billion dollars. The expectations of analysts was for earnings excluding one-off effects of 72 cents per share and revenue of 10.16 billion dollars. The sales increased by 6 per cent as implemented in the global volume. Market in North America has been a growth of 8 per cent in Eurasia and Africa the increase was 14 per cent. In Europe alone, growth was 2 percent, respectively, 5 and 1 percent increases the volume in Latin America and the Pacific. Among the strongest markets for the company are Russia, Turkey, India, Brazil and South Africa. The report on fourth quarter delighted investors and today the company's shares, which is part of the index of blue chips in the U.S. - Dow Jones Industrial Average, expensive by nearly 2 per cent.
PepsiCo decreased the operating profits for the year
PepsiCo cut their forecast for profit in this and subsequent years, indicating the reason for the higher raw material costs, difficult economic conditions and investment in emerging markets. The worsened outlook for the company came a day after its rival Coca-Cola surprised the market with increased sales volumes in all segments of its business. The manufacturer of Pepsi-Cola now expects profit for 2011 to grow by between 7 and 8% in previous estimates of double-digit growth. The fourth-quarter net profit of PepsiCo fell by 5% to 1.37 billion dollars, or 85 cents a share, compared to 1.43 billion dollars, or 90 cents a share, a year earlier. The Chief Financial Officer of PepsiCo Hugh Johnston stated that the company expects raw material costs to increase by between 1.4 billion and 1.6 billion dollars (8 to 9.5%) this year, but the company will be careful not to increased by as much consumer prices in order not to alienate them. The group sales for the quarter jumped 37% to 18.16 billion dollars in the expectation of revenue of 17.6 billion dollars. This report reveals the instable financial situation in the world business, which decreases the profits of many companies in the world. The economic conditions are quite difficult and the business is constricted by financial crisis, high unemployment rate and bankruptcies of financial structures.
The shares of Xerox decreased with 8% after disappointing report
The company engaged in production of copying machines and office supplies Xerox announced a profit of 171 million dollars, or 12 cents per share for the fourth quarter of 2010. This disappointed the markets and its shares sank more than 8 percent in trading on the stock exchange in New York. Xerox's revenues have increased by 42 percent to 5.98 billion dollars. With the main merit of this are revenues from services, outsourcing and rentals, which have jumped from 2.05 billion dollars for the last three months of 2009 to 3.75 billion dollars for the same period of 2010. In the last quarter of 2009, Xerox had profits of 180 million dollars, or 20 cents a share. Income does have amounted to 4.22 billion dollars. The expectations of analysts was for profit of 28 cents per share, on revenue of $ 6 billion. For the first quarter of this year the U.S. company expects profit in the 20-22 cents per share, for the entire year 2011 is between 1.05 to 1.10 dollars per share. This coincides with the expectations of analysts that forecasts of FactSet.
Globul’s profit with 16.5% decrease for the third quarter
The mobile operator Globul announced decline in profit before interest, taxes and depreciation of 16.5 per cent yoy in the third quarter. Revenues decreased by 16.4 percent over the same period. So the success of the company for the period was 85 million, after the third quarter of last year profit was 101.9 million revenue amounted to 207.8 million in realized 248.7 million euro for the third quarter of last year. For the first nine months of the year revenue of Globul were 618.6 million, down from 10.1 per cent between January and September 2009. The earnings before interest, taxes, depreciation and amortization for the period fell by 8.6 percent to 246.7 million. In the third quarter the number of subscribers of the operator of the contract has increased by nearly 8% over the same period last year to 2.2 million, or 57.2 percent of all customers of the operator. At the end of the third quarter the total number of customers of the operator is approximately 3.9 million. The revenue from services Globul for the quarter decreased by 4.9% mainly due to the impact of macroeconomic factors, the strong competition in the corporate segment and lower termination rates, the company said. Globul and Germanos chain stores have reduced costs by over 16% annually, the statement said.
Time Warner’s profit dropped with 21%
The U.S. company Time Warner said its profit drop 21% in the third quarter on an annual basis, among the main reasons for this is off costs of 295 million dollars associated with debt repayment. The business management of the company made successful Debt Consolidation of the credits and decreased the expenses of the company for the quarter. Even this was not enough for the company to increase its profit for the third quarter of 2010. Time Warner Earnings for the third quarter was 522 million dollars, or 46 cents a share. Over the same period last year profit of the company was 622 million dollars, or 55 cents a share. However, the company increased target for growth in profits at the top of the range 20-30%. Previous expectations were for profit growth to "at least 20%," recalls the newspaper. The company revenue rose 1.8 percent to 6.38 billion dollars. The biggest profits of the company in the television sector, there has been a growth of 23% on a revenue increase of 9 per cent. The successful management of the company reduced the high loses from the beginning of financial crisis and the analyzers are still optimists for the future of Time Warner.
Ford reported 1.7 billions USD profit
The U.S. carmaker Ford reported a profit of 1,7 billion dollars for the third quarter, the sixth consecutive quarter with positive financial results. Earnings per share was 43 cents, which is a significant increase compared to earnings of 29 cents per share achieved for the same period last year. As the exclusion of certain one-off effects, profit, Ford is 48 cents a share, well above analysts' expectations of 38 cents per share. Revenues of the American company, without taking into account the results of Volvo Cars, amounted to 30.7 billion dollars. Due to the improved financial condition by Ford have paid a credit line of $ 2 billion. The company also announced that this week will be paid 3.6 billion dollars to cover commitments associated with health insurance for employees. The company reduced debt by 27.3 billion dollars at the end of the second quarter to 22.8 billion dollars to 30th September. The company repaid its Loans got in the beginning of the financial crisis, and now feel the recovery of the economy and good business conditions.
Kellogg’s profit decreased with 6.4 percents
The profits of the largest U.S. producer of cereal Kellogg decreased with 6.4 per cent annually, the report shows the company's third quarter. Main reason for this is worsening market performance in North America. For the third quarter, Kellogg reported a profit of 338 million dollars, or 90 cents a share. This coincided with the preliminary estimates of analysts. For the same period last year, the company had a profit of 361 million dollars, or 94 cents a share. The company revenue has dropped by 3.7 percent annually to 3.16 billion dollars. Sales in North America fell by 2.6 per cent, which is reflected strongly in Kellogg, as this market is realized about two thirds of the production company. Because of deteriorating Kellog expected lower performance throughout 2010. By contrast, North America, sales in Europe and Asia are increasing as a result of massive advertising campaign conducted by the company. The company Kellogg realized good decreasing of expenses and spendings, but even this did not supported the profits and financial report.
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