Oce's profit disappoints, stock skids

Article Abstract:

Oce NV saw its share value fall by 9% after the company reported a lower-than-expected improvement of 3% in its net profits for the first nine months of 1999. Oce is a manufacturer of photocopy machines based in the Netherlands. The company also said that it would downsize its labor force by 1,000 positions. Oce's disappointing net profits were attributed to low sales and a high cost structure.

Photocopy Equipment, Photographic and Photocopying Equipment Manufacturing, OCE N.V.

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Heineken's '99 outlook sends shares down 5.4%

Article Abstract:

Heineken NV's financial results for the 1998 year were higher-than-expected. However, Heineken's shares saw a major decline following the company's prediction of slow growth for the 1999 year. In 1998, Heineken posted a 29% rise in net profits to 981 million guilders ($486.8 million). Analysts forecasted that the company would post 952.9 million guilders and 973 million guilders.

Comment:

Financial results for the 1998 year higher-than-expected

Finance

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After gains, Heineken shares go flat

Article Abstract:

Heineken NV's share value has stagnated at approximately 64 euros per share. The company did post higher-than-expected financial results, but still failed to attract investors.

Securities

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