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Samsung Q1 profits fall on weak memory, display results, lower smartphone sales

2019-04-30 08:42:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics confirmed a sharp fall in profit in the first quarter, hurt by the drop in memory chip prices, losses at its display business and lower margins in smartphones after a revamp of its lower-end models. Samsung said it expects memory and display demand to improve from the second half of the year, but the smartphone and TV business will remain "challenging" due to the intense competition and uncertain economic environment.

Tags: results sales display lower

Anadarko's Weak Performance In Permian Basin Made It A Takeover Target

2019-04-30 04:11:47| OGI

Anadarko Petroleum Corp. has become the biggest prize in the energy industry in part because of lagging oil production despite large land holdings in the top U.S. shale field.

Tags: made performance target weak

Nokia posts operating loss on weak Q1, still sees better H2

2019-04-25 08:54:00| Telecompaper Headlines

(Telecompaper) Nokia reported a weak set of first-quarter results, moving back into the red as competition steps up for new 5G contracts. The company said that while some risk factors have increased, it still expects results to improve in the course of the year as 5G roll-outs ramp up and to meet its 2019 targets.

Tags: posts loss operating nokia

Top China pig farmer falls into red on weak hog prices

2019-04-24 12:09:00| ThePigSite - Industry News

China's biggest pig and poultry producer, Wen's Foodstuff Group said today (24 April) it recorded a loss of 460.5 million yuan ($68.58 million) for the first three months of the year as weak pig and poultry prices eroded earnings.

Tags: top red china prices