Ericsson Earnings Miss Views as Poor Margins Weigh
Swedish network equipment vendor Ericsson (ERIC) Wednesday reported a bigger-than-expected drop in second-quarter earnings, with profits stunted by a high number of low-margin sales in Europe and slow demand in some markets, but said it expects improvement towards the end of the year.
DATA SNAP: US May Housing Starts Highest Since Oct 2008
========================================================== U.S. Housing Starts June May ! Consensus: ! Total Starts: +6.9% -4.8% ! +5.2% ! Single-Family: +4.7% +2.2%r ! Actual: ! ! +6.9% ! ========================================================== By Sarah Portlock and Alan Zibel WASHINGTON--U.S.
W.W. Grainger 2nd-Quarter Net Up 12%;Raises Low End of Year EPS Guidance
W.W. Grainger Inc.'s (GWW) second-quarter earnings climbed 12% on stronger U.S. and Canada sales and as the industrial-goods supplier benefited from acquisitions. For the current year, the company raised the low end of its guidance by a dime to earnings between $10.50 and $10.80 a share, while
Amphenol's 2Q Results: Postgame Scorecard
Amphenol (NYSE:APH) saw its profit fall in the most recent quarter. Earnings and Revenue The company posted revenues above analyst predictions, though the company's EPS came up short of expectations. The company reported adjusted net income of 79 cents a share versus the 84 cents a share estimate