2 U.S. automaker, which reiterated its pretax profit forecast for 2017, warned investors in late March that higher costs and lower sales volumes would hurt quarterly earnings. Ford maintained its expectation for a full-year 2017 pretax profit of around $9 billion, down from a record of $10.4 billion in 2016. Ford expects commodity costs to be around $1 billion higher this year. Ford said Thursday it expects industrywide sales to decrease a little this year and in 2018. Chief Financial Officer Bob Shanks told reporters at the company's headquarters in Dearborn, Michigan, that additional costs made this the "toughest quarter" for 2017.
referring to For the January-March period, Samsung's profit jumped 46 percent over a year earlier to 7.7 trillion won ($6.8 billion), compared with 5.3 trillion won a year earlier. Sales rose just 2 percent over a year earlier while operating profit surged 48 percent to 9.9 trillion won ($8.7 billion). In a separate announcement, Samsung said that it would cancel treasury facebook/" target="_blank">shares valued more than 40 trillion won ($35 billion). For the full year, Samsung said its components business such as memory chips and mobile-phone screens known as OLED will drive profits. Samsung Electronics is the world's largest memory chipmaker and second-largest semiconductor company after Intel.
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collected by :Jack Luxor
referring to For the January-March period, Samsung's profit jumped 46 percent over a year earlier to 7.7 trillion won ($6.8 billion), compared with 5.3 trillion won a year earlier. Sales rose just 2 percent over a year earlier while operating profit surged 48 percent to 9.9 trillion won ($8.7 billion). In a separate announcement, Samsung said that it would cancel treasury facebook/" target="_blank">shares valued more than 40 trillion won ($35 billion). For the full year, Samsung said its components business such as memory chips and mobile-phone screens known as OLED will drive profits. Samsung Electronics is the world's largest memory chipmaker and second-largest semiconductor company after Intel.
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Ford profit beats estimates; maintains 2017 profit outlook
Ford maintained its expectation for a full-year 2017 pretax profit of around $9 billion, down from a record of $10.4 billion in 2016. 2 U.S. automaker, which reiterated its pretax profit forecast for 2017, warned investors in late March that higher costs and lower sales volumes would hurt quarterly earnings. Ford expects commodity costs to be around $1 billion higher this year. FILE PHOTO: The logo of Ford is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. Chief Financial Officer Bob Shanks told reporters at the company's headquarters in Dearborn, Michigan, that additional costs made this the "toughest quarter" for 2017.read more visit us profit
collected by :Jack Luxor
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