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Foxconn"s third quarter profit slides below estimates after iPhone X production hurdles

TAIPEI (Reuters) - Taiwan's Foxconn , the world's largest contract electronics manufacturer, saw quarterly profit slide 39 percent - a result far below estimates and widely attributed to production issues for Apple Inc's iPhone X......»»

Category: topSource: reutersNov 14th, 2017

Foxconn"s third quarter profit tumbles after iPhone X production hurdles

TAIPEI (Reuters) - Taiwan's Foxconn reported a 39 percent slide in quarterly profit, far worse than expected, as the assembler of Apple Inc products saw margins squeezed by production bottlenecks for the iPhone X......»»

Category: topSource: reutersNov 15th, 2017

Late arrival of iPhone X clouds Best Buy"s results

(Reuters) - Best Buy Co Inc took a $100 million hit in the third quarter from the late launch of the iPhone X and gave a profit forecast for the holiday period that fell short of analysts' estimates, as it competes in a brutal U.S. retail market......»»

Category: topSource: reutersNov 16th, 2017

Target slides after disappointing holiday guidance (TGT)

Scott Olson/Getty Target reported earnings and sales that topped estimates in the third quarter. It raised its guidance for the full year, but issued a lower profit forecast for the holiday season. Target shares slide after the news. To see T.....»»

Category: topSource: businessinsiderNov 15th, 2017

Foxconn"s profit tumbles after iPhone X bottlenecks

Taiwan's Foxconn, the world's largest contract electronics manufacturer, has reported a worse than expected 39 percent decline in quarterly profit, hit by production issues involving Apple Inc's new iPhone X. Silvia Antonioli reports......»»

Category: videoSource: reutersNov 15th, 2017

Foxconn"s profit tumbles after iphone X bottlenecks

Taiwan's Foxconn, the world's largest contract electronics manufacturer, has reported a worse than expected 39 percent decline in quarterly profit, hit by production issues involving Apple Inc's new iPhone X. Silvia Antonioli reports......»»

Category: videoSource: reutersNov 15th, 2017

Foxconn"s quarterly profit slides 39 percent amid shipment woes

Taiwan's Foxconn , the world's largest contract electronics manufacturer and a major Apple supplier , posted a 39 percent drop in third-quarter earnings due to later-than-expected product shipments......»»

Category: topSource: foxnewsNov 14th, 2017

Foxconn"s quarterly profit slides 39 percent amid shipment woes

TAIPEI (Reuters) - Taiwan's Foxconn , the world's largest contract electronics manufacturer and a major Apple supplier , posted a 39 percent drop in third-quarter earnings due to later-than-expected product shipments......»»

Category: topSource: reutersNov 14th, 2017

Apple’s stock extends losing streak after iPhone assembler misses profit expectations

Apple’s stock extended its pullback from a record close after Foxconn, an assembler of iPhones in China, reported a bigger-than-expected drop in third-quarter profit......»»

Category: topSource: marketwatchNov 14th, 2017

Foxconn"s Profit Down 39% Amid iPhone Production Woes

Foxconn Technology Group posted a 39% drop in quarterly net profit amid production challenges dogging its largest customer—Apple—over the new iPhone X......»»

Category: smallbizSource: wsjNov 14th, 2017

Gorilla Glass Is Still a Cash Cow for Corning

Helped by demand for Apple's iPhone. Corning’s profit and revenue topped analysts’ estimates in the third quarter, driven by strong demand for its Gorilla Glass smartphone sc.....»»

Category: europeSource: fortuneOct 24th, 2017

BP Earnings Buoyed by Higher Prices, Production

The last supermajor energy company to report second-quarter earnings, BP this morning posted a beat on profit and revenue estimates and has cut its break-even cost per barrel by more than 20%......»»

Category: blogSource: 247wallstAug 1st, 2017

Valeant Stock Slides After Profit Forecast Is Chopped

Valeant again slashed its guidance for the year as earnings for the latest quarter topped estimates but revenue slid more than expected......»»

Category: smallbizSource: wsjNov 8th, 2016

BP Profit Slides on Weaker Refining, Oil-Production Loss - Bloomberg

BloombergBP Profit Slides on Weaker Refining, Oil-Production LossBloombergBP Plc reported a 49 percent decline in third-quarter earnings after crude prices fell and refining margins shrank. Profit adjusted for one-time items and inventory changes dropped .....»»

Category: topSource: googlenewsNov 1st, 2016

Shell Smashes Estimates as BG Acquisition Drives Up Output - Bloomberg

BloombergShell Smashes Estimates as BG Acquisition Drives Up OutputBloombergRoyal Dutch Shell Plc reported third-quarter profit that beat analyst estimates after its acquisition of BG Group Plc boosted oil production, helping to counter a slump in prices......»»

Category: topSource: googlenewsNov 1st, 2016

Tech ETFs to Watch Post Apple"s Mixed Bag Q4

Though Apple surpassed our earnings and revenue estimates, iPhone sales declined for the third consecutive quarter. In addition, Apple guides lower profit margin for the upcoming holiday quarter despite projecting record revenue. The technology.....»»

Category: topSource: zacksOct 26th, 2016

Samsung Estimates $2.3 Billion Loss Over Galaxy Note 7 Troubles

The company slashed its third-quarter profit estimate by a third to absorb the hit from its decision to end production of the smartphone and recall millions of devices......»»

Category: worldSource: nytOct 12th, 2016

Medtronic beats second-quarter profit and sales estimates

Medtronic plc said Tuesday it had net income of $2.01 billion, or $1.48 a share, in its fiscal second quarter through Oct. 28, up from $1.12 billion, or 80 cents a share, in the year-earlier period. Adjust.....»»

Category: topSource: marketwatchNov 21st, 2017

Foxconn 3Q17 gross margin hits 18-quarter low

EMS provider Foxconn Electronics (Hon Hai Precision Industry) has reported its third-quarter 2017 gross margin was 5.83%, the lowest quarterly level since second-quarter 2013. Its net profit for the quarter reached NT$21.029 billion (US$698.34 million)......»»

Category: topSource: digitimesNov 17th, 2017

Best Buy falls short with holiday profit forecast

(Reuters) - Best Buy Co Inc reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals including Amazon.com Inc ......»»

Category: topSource: reutersNov 16th, 2017

Best Buy"s holiday-quarter profit forecast misses Street view

(Reuters) - Best Buy Co Inc reported on Thursday disappointing third-quarter results and forecast holiday-quarter profit below Wall Street's estimates as the company cuts prices to match those offered by rivals such as Amazon.com Inc ......»»

Category: topSource: reutersNov 16th, 2017