Company Results & Outlooks
REUTERS - Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.
- Apparel retailer Gap Inc reported lower-than-expected quarterly revenue, hurt by a 5.5 percent fall in the U.S. sales of its namesake brand.
NEW DELHI - Indian budget carrier SpiceJet Ltd lost 3.1 billion rupees ($50.2 million) in the three months to Sept. 30, the company said late on Friday, less than the 5.6 billion rupees it lost last year after it lowered fares to fill more seats.
MUMBAI - Oil and Natural Gas Corp (ONGC) on Friday posted a 10 percent fall in quarterly profit, its first drop after four quarters of growth, as lower crude prices hurt profitability from both onshore and offshore blocks.
MUMBAI - Reliance Communications, India's fourth-biggest mobile carrier, missed second-quarter profit estimates, partly hurt by fewer customers joining its network as compared to rivals.
NEW DELHI/MUMBAI - Tata Motors Ltd , India's biggest automaker by revenue, said profit dropped seven percent in the second quarter, disappointing market expectations of a rise after a sharp drop in car sales at home.
HELSINKI/LONDON - Nokia predicted on Friday a return to growth for sales in its core network equipment and services business next year and lifted its long-term profit margin target after meeting strong demand for 4G mobile broadband networks this year.
MUMBAI - State Bank of India, India's largest lender, warned on Friday there would be no quick fix for the country's banks, as improvements in loan quality will be gradual while a pick-up in credit demand could be a year away.
PARIS - Airbus Group reported a stronger-than-expected 12 percent rise in nine-month underlying operating profit on Friday, led by its planemaking and helicopter divisions, and reaffirmed its profit forecasts for the year.
NEW DELHI - India's largest real estate developer, debt-laden DLF Ltd , said cost cuts helped its second-quarter profit rise 9 percent as it bids to position itself for what it hopes will be a property demand revival helped by a pickup in economic growth.
NEW DELHI - The government plans to raise about 891.2 billion rupees ($14.4 billion) by reducing its stakes in state-run banks to 52 percent, the junior finance minister said on Friday, sending shares of state lenders higher.