In spite of lower sales figure worldwide, Johnson and Johnson posted a second quarter profit that surpassed the market expectations. The company announced 4.4 per cent increase in the Q2 profit on Tuesday, which was helped by a cut down on spending.
Johnson and Johnson is well known for its baby care products, Band-Aids, biologic drugs and other medical devices.
On Thursday, Lenovo reported a growth in revenue by one fifth for the fiscal year, in spite of the emerging competition in the smartphones and PC markets.
On Wednesday, Samsung Electronics Co Ltd posted its January-March profits which were the highest in the last three quarters. The main reason for its good performance is attributed to the sturdy demand of its Galaxy S6 flagship smartphones that has been newly launched in the market. The company said that it expects the second expects earnings to increase too.
On Wednesday, Red Hat Inc. announced its update on the earnings guidance for the financial year 2016.
Reportedly, for that period the company gave an EPS guidance of $1.79-1.82 as compared to an estimate of $1.84 given by Thomson Reuter's consensus.
On Sunday, Dubai Holding Commercial Operations Group or the DHCOG which is division of a business that is owned by the ruler of the emirates and is involved in businesses like real-estate, hospitality and business-parks, reported a forty two percent spike in the net profits for 2014.
A smaller than expected loss for the quarter was reported by Intuit Inc. mostly owing to a sturdy demand for software, TurboTax, which helps in preparing online tax files. The demand rose at the beginning of the tax-filing season in the United States.
The hare prices of the company spiked as much as six percent to $96.45 on Thursday during the after-market trading.
Rupert Murdoch's News Corporation which is the owner of HarperCollins and the Wall Street Journal reported its quarterly revenue along with the profits which just surpassed the expectation of the analysts'. The media empires falling print revenue was balanced by its real estate and the book publishing businesses.
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