ABB's net increases 31% as Asia, Europe rebound
Article Abstract:
ABB Ltd. recorded a 31% increase in net profit during 1999's first none months, and the company said it expects to meet its goal of higher full-year earnings because of Europe's and Asia's economic recovery. Net earnings increased to Euro1.11 billion from Euro849 million annually. Although the latest period's results were a little below analysts' forecasts, the group's stocks still managed to increase, boosted by ABB's optimism about the economic outlook.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
GE's net rose 15% in second quarter
Article Abstract:
General Electric Co. (GE) posted an improvement in its net income for the second-quarter of 1999. GE posted a 15% rise in its net income for the period to $2.82 billion (2.76 billion euros). During the same period in 1998, GE reported $2.45 billion in net income. The company's 1999 second-quarter net income represented its highest quarterly net income in its history. GE's earnings per share were one cent higher than what most analysts had predicted.
Comment:
Posts 15% improvement in net income for second-quarter of 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Verbund's earnings improve. RWE's net rose 22% in 1st quarter, reflecting resilience
- Abstracts: Rolls-Royce agrees to acquire Vickers. Rolls-Royce net rose 33% in '05; outlook is bright. Rolls-Royce shares tumble 22% on profit warning
- Abstracts: Enron's net plummets 77% on charges tied to Azurix. Enron's investments produce write-down $618 million loss. Enron taps about $3 billion from credit lines
- Abstracts: Scoot's reports wider loss in 15-month period. Scoot.com's revenue rose 8% in 1st period. BT Group posts 25% profit jump for its 1st period
- Abstracts: Matsushita posts steep net loss in fiscal 1st half. Samsung Electronics' net falls 75% on slump in chip prices