Government Puts Controversial $765 Million Kodak Loan on Hold
On August 7th, the U.S. International Development Finance Corporation stated that it’s putting its proposed loan of $765 million to...
Category: Financial News
Moody’s Revises Xerox Credit Ratings
“We expect revenue and EBITDA to continue declining for the remainder of 2020 followed by a return to growth in 2021.”
Fitch Ratings Revises Xerox Credit Rating
The firm noted that Xerox equipment sales, which fell 38 percent, may recover as postponed demand is ultimately fulfilled, but that lost post-sale revenue, which declined 34 percent, will likely not be recovered.
Bucking Trend, Sharp Ekes Out Revenue Growth
Both operating profit and net profits were also an improvement over the previous quarter, as Sharp had reported losses for the previous quarter.
Securities & Exchange Commission Investigating Kodak
According to The Wall Street Journal, the U.S. Securities & Exchange Commission (SEC) is investigating Eastman Kodak’s disclosure of a...
Brother Reports Latest Quarterly Results
Brother Industries of Nagoya, Japan, reported results for its fiscal first quarter, the three months extending from April 1 to......
Loss for Ricoh’s Latest Quarter, But Sees Signs of Recovery
The firm also reported on the impact of lockdowns on office page volumes in Europe, the United States, and Asia.
Steep Declines for Epson’s Latest Quarter
However, net profits for Epson’s Printer Solutions group was actually up 3.8 percent year-over-year.
Revenue Decline and Loss for OKI’s Latest Quarter
OKI Electric Industry Company of Tokyo, Japan, has reported results for its fiscal first quarter, the three months extending from......
Sharp Declines for Kyocera’s Latest Quarter
Kyocera Corporation of Kyoto, Japan, reported results for its fiscal first quarter, the three months that extended from April 1......
Konica Minolta Reports Loss for Latest Quarter
Despite loss and lower revenue, KM saw revenue improvement in June.
Canon Reports First-Ever Quarterly Loss; Issues Full-Year Forecast
Canon reported “Rapid drops in actual demand in various businesses and …limited business activity. As a result, we sank into the red for the first time on a quarterly basis.”
Revenue, Net Income Tumble for Xerox’s Second Quarter
Xerox today reported results for its second quarter ending on June 30, 2020, with revenue declining to $1,465 million, a......
This Week in Imaging: Bringing the Enterprise to the Home Office
One of this week’s news items that caught our eye was Fujitsu’s announcement that it would make 80,000 of its......
Moody’s Downgrades Ricoh’s Debt-Offering Rating to ‘Not Prime’
On the bright side, Moody’s expects Ricoh’s current cash holdings, as well as a new ¥100 billion credit line, will help it weather the downturn.
Toshiba Reports Net Loss for Fiscal Year Amid COVID-19 Challenges
But firm notes that net sales declined by only 8 percent, “demonstrating the resiliency of its business.”
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