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  • Jiang called the third-quarter revenue guidance "reasonable" given tough comparisons to a year ago, when China benefited from travel related to the World Expo as well as strong airline ticket and hotel pricing.

  • Chief Executive Dan Akerson called the third-quarter profit of $1.7 billion "solid" but quickly added "solid isn't good enough," an unusually stark assessment from a company long-criticized for moving too slowly to admit mistakes and force changes.

  • Lexmark forecast third-quarter adjusted earnings of 94 cents a share to $1.04 a share and revenue to be flat or down by a low-single-digit percentage.

    Kodak Loss Widens on Silver Costs

  • The company will book a third-quarter charge related to the move.

    RadioShack, Verizon Wireless to Partner

  • Amazon forecast that its third-quarter operating income will fall 37% to 93%, to between $20 million and $170 million.

    Amazon's Growth Is Costly

  • Amazon said it expected third-quarter revenue of $10.3 billion to $11.1 billion, slightly above analysts' expectations.

    Amazon's Growth Is Costly

  • LONDON— Diageo PLC on Thursday posted a forecast-beating rise in third-quarter sales driven by surging demand in its emerging markets, but the maker of Johnnie Walker scotch, Guinness stout and Smirnoff vodka cautioned the outlook in Europe remains challenging.

    Diageo Says Europe Still Weak

  • The company plans to issue its fiscal third-quarter earnings report next week.

    Cisco to Reduce Its Bureaucracy

  • Diageo's third-quarter sales excluding acquisitions, disposals and currency effects rose a forecast-beating 7% in the three months through March 31, driven by surging demand in its emerging markets, but the global drinks giant cautioned the outlook in Europe remains challenging.

    Business Watch

  • Estee Lauder Cos.' fiscal third-quarter earnings more than doubled, beating its own guidance, as the company benefited from a weaker U.S. dollar amid strong sales growth.

    Estee Lauder Profit Rises


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