China Mobile Ltd., the world's biggest phone carrier by subscribers, said Thursday its 2009 profit rose 2.3 percent over a year earlier and warned it faces growing competition.
China Mobile's (0941.HK) forecast-beating results suggest its years of investment in data services is paying off, helping the world's largest mobile carrier report an unexpected rise in revenue per user.
AP - Clarcor Inc. said Wednesday its first-quarter earnings rose 69 percent as sales improved, especially in emerging markets like China, but the results missed Wall Street's estimates.
AP - Guess Inc. said on Wednesday that its fiscal fourth-quarter profit rose more than 80 percent on sales increases throughout the apparel maker's business segments.
AP - IHS Inc., a provider of energy and security information to governments and large companies, said Wednesday that its fiscal first-quarter earnings edged down 1 percent, hurt by charges.
AP - Broadband products and services company Communications Systems Inc. said late Tuesday that its fourth-quarter profit slid as revenue declined amid the recession.
The company forecast fourth-quarter earnings of $1.17 to $1.37 a share. Analysts expected $1.26. FedEx also raised its capital spending outlook for 2010 to
