Company Results & Outlooks
REUTERS - Vedanta Resources Plc , a London-based mining conglomerate that has most of its assets in India, reported a 14 percent fall in first-half core earnings due to weak metal and oil prices and iron ore mining bans in two Indian states.
REUTERS - GameStop Corp forecast worse-than-expected earnings for the crucial holiday quarter, dashing hopes that new game consoles from Sony Corp and Microsoft Corp will fire up sales for the U.S. videogames retailer.
SAN FRANCISCO - Hewlett-Packard Co beat revenue forecasts as sales growth in its enterprise group inspired cautious optimism about the company's turnaround plan, and its shares rallied more than 7 percent.
NEW DELHI - Tata Power Company Ltd swung to a net profit - albeit lower than expected - as its revenue increased in the fiscal second quarter, despite the high cost of imported coal and populist tariff regimes eating into its margins.
NEW YORK - Cisco Systems Inc warned its revenue would dive as much as 10 percent this quarter, and keep contracting until after the middle of 2014, as a backlash against U.S. government spying contributed to plummeting demand in emerging markets like China.
MUMBAI/NEW DELHI - Coal India, the world's largest coal miner by output, posted its second straight decline in quarterly profit, hurt by lower selling prices and higher wage and diesel costs.
MUMBAI - Strides Arcolab Ltd's September quarter profit plummeted on forex losses and a delay in regulatory approvals but the Indian drugmaker stood by its revenue forecast of 10 billion rupees for the year.
NEW DELHI - Tata Steel Ltd reported a sharply higher-than-expected second-quarter profit, helped by a rise in prices and market share at home but it said Europe was still challenging despite an improving performance there.
MUMBAI - State Bank of India (SBI) posted its steepest quarterly profit fall in more than two years as nonperforming loans increased, underlining the difficulties the bank's first chairwoman faces in keeping a lid on deteriorating assets.
MUMBAI - The setback for ruling Congress Party in recent state elections could imperil the country's fiscal deficit target by tempting the government to have less restraint on spending, Fitch Ratings warned on Tuesday.