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September 28, 2016 Nokia Posts Weak Quarterly Profits, Lifts Cost-Cut Target
Nokia’s quarterly profit fell more sharply than expected as telecom operators spent less on faster networks and as others held off signing new orders as the Finnish firm merges operations with recently-acquired rival Alcatel-Lucent. Nokia also on Thursday lifted its cost-cutting target for the EUR 15.6 billion merger, sealed earlier this year, saying it was […]
COMPUTERS August 29, 2016 HP Beats Estimates, Weak Printer Demand Weighs on Forecast
HIGHLIGHTS Q3 revenue from the company’s computer business rose 7.5 percent Notebook volumes increased 12 percent Revenue from its printer business declined 4.6 percent from Q2 HP Inc, the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts’ […]
