Tag Archives: Misses

KitKat maker Nestle misses forecasts as profit falls

Nestle, which makes KitKats, Nescafe and Purina pet food, has said it will steepen its cost-cutting plan after unveiling disappointing results. Net profit for 2016 fell to 8.5bn Swiss francs (£6.78bn) from 9.1bn a year earlier. Analysts had expected 9.59bn francs’ worth of profit. Sluggish food inflation in most of its markets and easing demand in emerging markets… Read More »

Qualcomm Misses Revenue Estimates, Defends Licensing Model

Qualcomm Inc reported a lower-than-expected 3.9 percent rise in quarterly revenue on Wednesday, and defended its licensing model in the face of multiple legal challenges over its alleged “anticompetitive” tactics. The company’s shares were down 3.8 percent at $54.75 in aftermarket trading. The US Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to… Read More »