The main technology companies’ reports of today

29.10.2015

The Finnish company - Nokia has reported a profit which exceeded the forecast due to sales growth in China, offsetting the lower demand in North America and Europe, and announced that it will pay special dividends.

Operating profit of network equipment segment for the third quarter amounted to 391 million euro, or 13.6 % of sales, which is slightly lower than the 397 million a year earlier, but substantially higher than the consensus forecast of analysts who had expected 297 million euro and 10.2 %.

Nokia reported that in the coming years it to pay shareholders about four billion euro.

The third company in the world for the production of network equipment, which this month received the approval of the European Commission on the absorption of French rival Alcatel-Lucent (PA: ALUA), worth 15.6 billion euro ($ 17.1 billion), also reported that changed the synergy forecast, which should reach 900 million euro from 2019 to 2018.

Nokia sold its mobile phone business, which once led the market, to Microsoft last year and said it is going to sell the navigation service HERE to German automakers.

Japanese Sony Corp said on Thursday that the company managed to reach an operating profit in the second quarter of the fiscal year due to strong sales of video games, which helped to offset the drop in demand for smartphones and the share depreciation a year earlier.

Sony's operating profit in July-September was 88 billion yen ($ 729 million), which was slightly above the average forecast of analysts polled by Reuters - at the level of 87.3 billion yen.

At the same time, in the same period last year the company had an operating loss of 85.6 billion yen.

Operating profit of South Korean LG Electronics Inc fell in the third quarter of 2015 by 37 % in annual terms, but still exceeded analysts' forecasts due to the recovery in demand for televisions after a decline in sales in the second quarter.

The second largest manufacturer of television sets in the world after Samsung Electronics Co Ltd, said on Thursday that profit in July-September amounted to 294 billion won ($ 257.43 million) against 465 billion won a year earlier.

However, the company's results were better than the expectations of experts. Analysts polled by Reuters on average evaluated a profit of 266 billion won.

The technology giant - Samsung Electronics Co Ltd announced on Thursday its intention to buy back market shares amounting to 11.3 trillion won ($ 9.9 billion), previously reporting an increase in quarterly profit.

The company said that it will repay all the redeemed through the largest in its history and share buyback and it plans to share with the shareholders 30-50 % of free cash flow over the next three years, mainly through the payment of dividends.

Operating profit of the Galaxy smartphones and tablet manufacturer in the third quarter jumped 82 % to 7.4 trillion won ($ 6.5 billion), in line with expectations. Revenue increased by 8.9 % to 51.7 trillion won.

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