Research and development and other tax breaks are contributing to higher fourth-quarter corporate earnings even as debate begins on changes to the tax code.
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Global drinks giant Diageo said its net profit in the six months to Dec. 1 rose 18% on strong sales in emerging markets but the results fell short of expectations.
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French car maker Renault rolled out a six-year strategic plan to underpin growth and improve cash generation after it swung back to profitability in 2010 thanks to a rebound in vehicle sales, streamlined costs and favorable exchange-rate shifts.
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Higher revenue in its core markets of Singapore and Australia led Singapore Telecommunications to post a small but better-than-expected increase in its fiscal third-quarter net profit.
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French advertising company Publicis Groupe said it aims to improve its position in emerging markets and boost margins further after finishing off 2010 with record organic revenue growth.
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Russia's Gazprom, the world's largest producer of natural gas, posted a 9% fall in net profit for the third quarter, hampered by lower output and weak European demand.
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Franco-U.S. equipment maker Alcatel-Lucent cut its forecast despite a sharp increase in fourth-quarter net profit on the back of one-off disposals.
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Japanese drinks maker Kirin Holdings said full-year net profit declined to $137.9 million, relating to its 2007 purchase of Australia-based National Foods.
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Cisco Systems posted an 18% profit drop in its latest quarter amid growing competitive pressures in its core network switching business despite a 6% increase in overall sales.
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Sanofi-Aventis reported a 64% drop in fourth-quarter net profit due largely to restructuring costs, and said talks with takeover target Genzyme are continuing, furthering months of suspense surrounding the deal.
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Whole Foods boosted its full-year earnings guidance as its fiscal first-quarter earnings soared 61% on strong sales growth.
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Track the performances of 150 companies as they report and compare their results with analyst estimates. Sort by reporting date and industry.