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ZEISS reports 11 percent revenue increase Earnings reports News 

ZEISS reports 11 percent revenue increase

The ZEISS Group, Stuttgart, Germany, reported fiscal year revenues continued to grow, with revenue and earnings reaching new heights in fiscal year 2018/19, which ended Sept. 30, 2019. Revenue grew by 11 percent, reaching 6.428 billion euros (previous year: 5.817 billion euros). Adjusted for currency and acquisition effects (like-for-like), revenue rose by 8 percent. At 1.063 billion euros, earnings before... Read More
Michaels reports disappointing third-quarter results Earnings reports News 

Michaels reports disappointing third-quarter results

The Michaels Companies Inc. reported net sales were $1,222.0 million in the third quarter of fiscal 2019 compared to $1,274.1 million in the third quarter of fiscal 2018. The decrease in net sales was primarily due to a 2.2% decrease in comparable store sales, the closure of Pat Catan’s stores during the fourth quarter of 2018, and a decrease in... Read More
Photo-Me reports six-month revenue up 3% Earnings reports News 

Photo-Me reports six-month revenue up 3%

Photo-Me International plc, the U.K.-based instant-service equipment company, announced six-month increased 3.3%. The Group’s first-half performance was in line with expectations, delivering further revenue and profit growth and further expansion of the Laundry business,” according to a company statement. “Total revenue increased by 3.3% to £123.9 million and by 0.4% to £120.3 million on an underlying revenue basis. Profit before... Read More
Kodak Alaris is still shopping film, paper and chemicals business Earnings reports News 

Kodak Alaris is still shopping film, paper and chemicals business

Kodak Alaris revealed, in its latest annual report, the company is still seeking a buyer for its Paper, Photochemicals and Film (PPF) business after a potential buyer dropped out. Kodak Alaris, the spinoff from Eastman Kodak Co., has been seeking a buyer for some of its businesses to shore up its underperforming results. Additionally, the report stated company management is... Read More
CEWE on track to reach targets after solid third quarter Earnings reports News 

CEWE on track to reach targets after solid third quarter

Europe’s leading photofinisher CEWE Stiftung & Co. KGaA announced third-quarter sales increased by 8.9% to 423.2 million euros, with strong growth in its key CEWE Photobook category. The company narrowed its third-quarter loss to -0.6 million euros,  73% improvement from the 2.4 million euros quarterly loss the prior year. “The first three quarters exceeded our expectations, since our core business segment... Read More
Industry news, app updates and more for the week of Nov. 8 Earnings reports New Products News Promotions SDKs and APIs Updates 

Industry news, app updates and more for the week of Nov. 8

Rumours and interesting items from around the internet Canva has partnered with US marketing platform HubSpot to making designing and distributing images easier, via BusinessInsider Photo Book Girl gave a positive review for Mixbook’s new premium lustre layflat photo book. Tom’s Guide reviwer Sally Weiner Grotta was not impressed with the photo books from Walmart Photos (“Walmart Photos Review: Low Prices, Low Quality”) and from CVS Photos (“CVS Photo Review: Good for Prescriptions, Not... Read More
Nikon sees first-half net profit drop 77% on 13% revenue decline Earnings reports News 

Nikon sees first-half net profit drop 77% on 13% revenue decline

Nikon Corp. reported  its first-half net profit plunged 77.2 percent to 7.51 billion yen from 32.92 billion yen last year.  Operating profit for the period declined 42.9 percent to 17.50 billion yen from last year’s 30.64 billion yen. Revenue declined 13.3 percent to 291.05 billion yen from 335.75 billion yen a year ago. Looking ahead, for the fiscal year ending... Read More
GoPro third-quarter revenues drops 54% Earnings reports News 

GoPro third-quarter revenues drops 54%

GoPro, Inc. announced financial results for its third quarter ended Sept. 30, 2019, with third-quarter revenue dropping 54% to $131 million, compared to $286 million the year prior. The quarter’s net loss was $75 million, compared to a net loss of $27.1 million last year. “Third-quarter results are above the guidance provided on Oct. 2,” says Nicholas Woodman, founder and... Read More
Kodak reports third-quarter loss of $5 million, but film sales are up Earnings reports News Opinion 

Kodak reports third-quarter loss of $5 million, but film sales are up

Eastman Kodak Co. reported third-quarter financial results of a $5 million net loss on revenues of $315 million and growth in key print and film product areas. The quarter ended Sept. 30, 2019. In the prior year, the company had $19 million in next earnings on sales of $329 million. The company said revenues from the film business grew 21 percent... Read More
Xerox reports lower third quarter sales, increased profits Earnings reports 

Xerox reports lower third quarter sales, increased profits

Xerox Corp. reported third-quarter revenue dropped more than 6% to $2.2 billion, compared to $2.35 billion last year. Net income was $221 million, compared to $89 million in 2018. The company cited improvements in cash flow – $356 million of operating cash flow, up $82 million year-over-year, and $339 million of free cash flow, up $88 million year-over-year – and... Read More
Snap announces third-quarter 2019 financial results Earnings reports Press releases 

Snap announces third-quarter 2019 financial results

Daily Active Users increased 13% year-over-year to 210 million Revenue increased 50% year-over-year to $446 million Operating cash flow improved 43% year-over-year to $(76) million SANTA MONICA, Calif.–(BUSINESS WIRE)–Snap Inc. today announced financial results for the quarter ended September 30, 2019. Financial Highlights Operating cash flow improved by $56 million to $(76) million in Q3 2019, compared to the prior... Read More
Industry notes from the week of Oct. 4 Earnings reports People on the Move Photo contests Press releases Promotions Updates 

Industry notes from the week of Oct. 4

Rumours and interesting items from around the internet Photobox appoints eight&four as creative and media agency, via ProlificLondon. The agency aims to enhance Photobox’s presence amongst mums with younger children with a focus on building awareness that the 100’s of pictures taken on smartphones can easily be transformed into gifts and keepsakes. Largan sues HP, two Taiwanese rivals for patent infringements,... Read More
CEWE sees sales increase for first half of 2019, lauds WhiteWall contribution Earnings reports Feature News Opinion 

CEWE sees sales increase for first half of 2019, lauds WhiteWall contribution

Leading European photo personalization service CEWE Foundation & Co. KGaA announced first-half sales increased 7.6 percent, with the core photofinishing segment growing 11.3% to 200.8 million euros and CEWE Photobook sales increasing by 8.3% to 2.57 million copies sold. The company management also added that acquisition of WhiteWall, the premium wall-art specialist, is on pace to contribute meaningfully to the company.... Read More
Kiosk maker Generation Next announces July results, staff reductions and reorganization Earnings reports News Press releases 

Kiosk maker Generation Next announces July results, staff reductions and reorganization

SAN DIEGO, Aug. 08, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Generation Next Franchise Brands announced several moves which support the Company’s objectives to increase cash flow, raise capital, and increase its Reis & Irvy’s kiosk production. The details provided by the Company include: Expanding the Board of Directors through a search for two additional independent members with a goal... Read More
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