Posts for category ‘Quarterly Report’

Panasonic Inc

Crisis found his victims. As written on Reuters, Worldwide Magazine, Panasonic Inc booked $3.9 million net loss last year. The reason is very clear, low in demand parity power and high cost as high input and operation costs. Deeper, Panasonic suffered net loss first in six years due the highest value of YEN against US Dollar (It means, foreign trading-export and import is harming due the crisis). Panasonic will follow others Japanese worldwide companies (export base) in red ink companies, the most industries that are suffered by crisis. Internal staff said, next quarter report shall not be announced for some reasons.

Appreciation YEN against US Dollar in Exchange rate is main reason why most Japanese Industries are suffered in overseas demand. Although booked net loss, Panasonic is the Japanese healthier electronic industries based on the performance in recovery struggling such as cost-cutting abilities.

Hitachi Inc

It is easier to recover our business if we have less different products then larger. It takes too much time and cost. Hitachi. Inc one of the worst Japanese industries suffered by economic downturn has many businesses such as nuclear reactor to TV and rice cooker and it takes time to recover although we have financial.

Hitachi booked lowest loss since 28 years and worst loss then others Japanese industries, such as Sony, Panasonic and Toshiba. Reported net loss $8.7 million in current quarter made investors shocked, seen on stock market. Through negative business result, Hitachi took necessary recovery plans to avoid red ink label.

Today quarterly report on major worldwide industries still talks about less profit due the global crisis. Most industries reported that they have already been attacked so hard as shown on their report but if we look deeper, most companies still run in profit, but declined in time lag running zone. The reason is clear, low demand and over supply as economic theory said.

Caterpillar Inc said that they suffered 32 percent loss of their profit on 4th quarterly report like mouse has eaten 32 percent of cheese. Caterpillar is one of the biggest global mining equipments industries and earth-moving construction. Lower on home sales has pressured their sales. Caterpillar has already been housed 17.000 workers to eliminate costs.

Claimed as Biggest Loss since 2003, Philips, an Amsterdam Electronic Industry posted big profit loss in this forth quarter. The report showed that Philips suffered more than $ 1 billion euros and put the electronic industry into red line. The suffering was caused by global crisis on demand side, low on demand. High on costs pushed The Company to cut more than 6000 job in near to save the operating costs. The good news is 5 percent rose on share due they kept last year dividend.

Necessary acceleration will be established to health Philips said Philips official staff. Philips net loss to complete others electronic industries such as Japanese Sony and Samsung net loss as global crisis attacked on demand side.

Today, Reuters sends me quarterly report news from major industries in America and Worldwide. Here are some conclusions for you. For further information, you can visit Reuters to read full information.
Those quarterly reported from worldwide companies showed that global crisis attacked all business.

General Electric Company Quarterly report
Bad economic environment impacted General motor to book good result in balance sheet. Forth quarter is worst but there are hopes. 44 percent profit loss in forth quarter. Profit was $3.72 billion if we compare with last earlier report, General Electric booked $6.7 billion. Declining on profit rose as lowering revenue. General Electric revenue downed to $46.21 or 4.8 percent compared than previous revenue. In New York Stock Exchange, GE share closed at $12.77 or 5.3 percent declining from $13.48

Samsung Quarterly Report
Oversupply and low demand on electronic goods are two factors causing poor financial report especially on Chips and LCD Screen. Analysts predicted that in first report on this year will worse due the reasons for Samsung Chips and LCD, slower economic recovery and lower purchasing power are the reasons.

Profit declined is significant and they predicted the trend will show worse in first report on this year. Although sales rose 5.5 percent to 18.45 trillion won but high operating loss makes it nothing because due the crisis there were massive prices for chips and LCD.
Overall in range October – December Samsung booked $682 billion of operating loss due the ravaging chips and LCD prices.
According to Reuters, Samsung’s October-December net loss was 22.2 billion won, compared with profits of 2.21 trillion won a year ago and 1.22 trillion won in the previous quarter.

Xerox Corp Quarterly Report
Based on lower sales and high restructuring cost, Xerox revenue downed 10 percent to $4.37 billion, post sale revenue also fell to $3.1 billion or 8 percent, equipment sale revenue fell 15 percent to $1.3 billion. Massive fallen on sales revenue is caused by weakness economic condition. Xerox as leading producer and supplier of digital printer, document management services, services and supplier for printing machine booked $1 million net income in forth quarter.

Read more »

Although Lorilland Inc sales edged up from 1.05 million last year to $1.07 million this year, second quarterly report shows that their profit declined to $217 million from $239 million earlier year or declined on share $1.25 per share in the present compared with $1.37 per share last year.

Declined on their quarterly report are caused of two main reason, increasing on income sales and spin off from Loews Corporation. Income tax rate rose to 39.2 percent from 37.3 percent in year earlier.

MetLife Inc. reports second-quarter financial results on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period.

OVERVIEW: Turbulent markets and the plummeting dollar pummeled MetLife’s investment portfolio in the first quarter, shrinking the New York’s insurer’s profit by 37 percent.

The company’s car and home insurance division’s profit also fell during the first quarter because of more claims from insured damage. During the recent quarter, MetLife made some market moves, with a subsidiary of the insurance giant saying it will buy the residential mortgage business of a unit of First Horizon National Corp. for an undisclosed amount.

MetLife also announced plans to sell its 52 percent stake in Reinsurance Group of America Inc. to MetLife shareholders. Both transactions are expected to close in the third quarter.

BY THE NUMBERS: Analysts, on average, expect MetLife to earn $1.51 per share during the second quarter on revenue of $13.89 billion, according to a survey by Thomson Financial.

ANALYST TAKE: Friedman, Billings, Ramsey & Co. analyst Randy Binner said uncertainties surrounding credit and market exposures remain in the insurance industry. Generally speaking, “Market sensitivities will again affect insurance operating results, although to a lesser extent than in the first quarter,” he wrote in a research note.

WHAT’S AHEAD: MetLife continues to push itself into the mortgage business. Its deal with First Horizon includes all of First Horizon’s origination business outside of the bank’s home state of Tennessee, servicing some $20 billion in mortgages. More than 230 retail and wholesale offices across the U.S. will be transferred. Read more »