Analyst news

• Analysis - Earnings bolster Cisco, but raise concerns for broader IT spending

  14-02-2016 15:06 via news.yahoo.com
  
  By Sarah McBride SAN FRANCISCO (Reuters) - Networking giant Cisco Systems Inc reported it is weathering a global slowdown in information-technology spending, but signs potential customers are putting some projects on hold exacerbated concerns about broader IT growth. Cisco shares rose 10 percent on Thursday, bucking the overall market after it set a profit target in line with Wall Street expectations despite the weaker spending it noted around the world by businesses. Cisco Chief Executive Chuck
  
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• 'Thin' profits for SEAsian carriers amid tough competition: IATA

  14-02-2016 14:31 via news.yahoo.com
  
  Southeast Asian airlines are likely to see "thin" profits for some time to come as competition from budget carriers and Middle East rivals squeezes earnings, the IATA chief said Sunday. The recent global stock market turmoil is also expected to take a toll on air travel, particularly in business class where full-service airlines earn most of their profits, said Tony Tyler, director general of the International Air Transport Association. "Airlines in this region are finding profitability quite th
  
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• BUZZ-Dubai's Drake & Scull jumps on Q4 earnings beat

  14-02-2016 07:14 via news.yahoo.com
  
  ** Shares in Dubai construction firm Drake & Scull surge 6.5 percent to 0.36 dirham in opening minutes ** Company posted quarterly net profit of 14.7 million dirhams ($4 million), up from profit of 3.8 million dirhams a year earlier; an analyst at SICO Bahrain had forecast net loss of 38.6 million dirhams ** Since mid-January, stock has been edging up from record low of 0.29 dirham; has tumbled from June 2014 high of 1.97 dirhams ** Three analysts have "hold" rating on stock, three "sell" an
  
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• BUZZ-Dubai’s Drake & Scull jumps on Q4 earnings beat

  14-02-2016 07:14
  ** Shares in Dubai construction firm Drake & Scull surge 6.5 percent to 0.36 dirham in opening minutes ** Company posted quarterly net profit of 14.7 milliondirhams ($4 million), up from profit of 3.8 million dirhams ayear earlier; an analyst at SICO Bahrain had forecast net lossof 38.6 million dirhams ** Since mid-January, stock has been edging up from recordlow of 0.29 dirham; has tumbled from June 2014 high of 1.97dirhams ** Three analysts have “hold” rating on stock, three &
  
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