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Fiserv earnings up 23% on higher revenue
Fiserv Inc.’s FISV -1.16% fourth-quarter earnings rose 23% due to higher revenue in its main business segments.
For the new year, the company forecast earnings of $5.04 to $5.20 a share on revenue growth of 4% to 6%, bracketing the $5.11 and 5% estimates from analysts surveyed by Thomson Reuters.
The company, which provide information technology to the financial and insurance industries, has...
Fortinet quarterly profit up 2.2% as billings jump
Fortinet Inc.’s FTNT +8.72% fourth-quarter earnings climbed 2.2% as the network-security company again reported double-digit billings growth.
Shares jumped 8.7% after hours Tuesday to $24.79 on the stronger-than-expected results.
The company posted a profit of $16.5 million, or 10 cents a share, up from $16.1 million, also 10 cents a share, a year earlier. Excluding stock-based compensation costs...
Samsung profit up 17% on record smartphone sales
SEOUL -(MarketWatch)- Samsung Electronics Co. said Friday its fourth-quarter net profit rose 17% from a year earlier as record smartphone sales outweighed pressure from the firm’s other businesses, which have been hit by plunging demand in developed economies.
Samsung, the world’s largest technology firm by revenue, said its net profit for the three months ended Dec. 31 rose to KRW4 trillion...
Teradyne earnings jump on tax benefit; shares up
Teradyne Inc.’s TER +7.87% fourth-quarter earnings more than doubled on a large tax-provision benefit as the maker of chip-testing equipment, but the company’s swung to a loss from continuing operations before taxes.
Shares were up 7.3% at $17.31 after hours on the company’s better-than-expected outlook. Through the close, shares have risen 14% in the last year, better than the broader...
Fortescue Metals iron ore shipments up 19%
MELBOURNE (MarketWatch) — Fortescue Metals Group Ltd. shipped 14.8 million metric tons of iron ore during the final three months of last year, up 19% on the previous quarter to top earlier guidance of as much as 14 million tons, the Australian company said Tuesday in a statement.
Fortescue achieved an annualized run rate of 59 million tons a year, and said it plans to maintain a 55 million ton...
Nabors Industries swings to profit; shares up
Nabors Industries Ltd. NBR +4.11% reported Tuesday it swung to a stronger-than-expected third-quarter profit absent a costly prior-year acquisition as the oilfield-services company continued to generate higher revenue from its U.S. drilling operations.
Shares rose 4.8% to $16.55 in after-hours trading after closing at $15.80 Tuesday. The stock has fallen 33% this year.
Chairman and Chief Executive...
Wesfarmers Q1 food, liquor sales up 5.5%
MELBOURNE -(MarketWatch)- Wesfarmers Ltd. said Thursday that food and liquor sales in the first quarter of fiscal 2012 rose 5.5% on the year to 6.28 billion Australian dollars (US$6.43 billion), but warned trading conditions remained challenging in the face of weak consumer confidence.
Managing Director Richard Goyder said in a statement he was generally pleased with the conglomerate’s retail...
Caterpillar to raise prices up to 3% for 2012
Caterpillar Inc. CAT -2.06% intends to raise prices on most of its construction and mining machinery by up to 3%, beginning in January, the company said Friday.
The price increase will be added to the 2% to 6% increase planned to cover the cost of additional pollution-reduction components to comply with stricter federal standards on diesel-engine exhaust.
Caterpillar said actual price increases will...
Smithfield Foods profit up 7.6% on strong exports
Smithfield Foods Inc.’s SFD -4.66% fiscal first-quarter earnings rose 7.6% as the pork processor and hog producer continued to benefit from higher pricing and strong export demand.
The largest U.S. pork producer has posted improved earnings over the past year as it has been able to successfully pass on higher feed costs.
Smithfield’s April closure of an Iowa processing plant tightened industry...
US Airways August traffic up 1.1%
US Airways Group Inc. LCC -2.30% saw a 1.1% increase in August traffic, though the airline canceled about a quarter of its 9,100 scheduled flights from Aug. 27 through Aug. 29 due to Hurricane Irene.
The fifth-largest U.S. carrier by traffic has been one of the most bullish in the industry about the strength of domestic demand despite a succession of fare increases to cover higher fuel expenses. The...

