Original Story: detroitnews.com
Several Michigan-based companies posted second-quarter earnings Thursday.
Dow Chemical Co. reported second-quarter profit of $1.22 billion.
On a per-share basis, the Midland-based company said it had net income of 97 cents. Earnings, adjusted for non-recurring gains, came to 91 cents per share. A Los Angeles investment lawyer is following this story closely.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The specialty chemicals maker posted revenue of $12.91 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $13.11 billion.
Dow Chemical shares have risen almost 10 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 3 percent. The stock has decreased roughly 5 percent in the last 12 months.
CMS Energy Corp. disclosed a second-quarter net income of $67 million. A Boston investment lawyer provides assistance to clients in investment matters.
On a per-share basis, the Jackson-based company said it had profit of 25 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks was for earnings of 33 cents per share.
The energy company posted revenue of $1.35 billion in the period.
Automotive manufacturer Gentex Corp. reported second-quarter net income of $74.6 million.
The Zeeland-based company said it had net income of 25 cents per share.
The results matched Wall Street expectations.
The maker of automatic-dimming rearview mirrors posted revenue of $379.3 million in the period, exceeding Street forecasts. A Dearborn corporate lawyer advises clients on financial and tax implications.
Gentex shares have fallen 9 percent since the beginning of the year. The stock has climbed 14 percent in the last 12 months.
Syntel Inc., an information technology outsourcing company based in Troy, announced second-quarter earnings of $60.6 million.
On a per-share basis, the company said it had net income of 72 cents.
The results exceeded Wall Street expectations.
Showing posts with label Profit. Show all posts
Showing posts with label Profit. Show all posts
Thursday, July 30, 2015
Monday, March 9, 2015
HOW TO TAKE THE BITE OUT OF RAISING FEES
Original Story: pnc.com
All companies struggle with pricing — how much is too much? It can be especially difficult for small and midsize businesses to balance what they charge with what the customer will bear.
However, there comes a time when it just makes sense to raise prices, and with the health of the economy improving, this could be a prime time to reassess your pricing strategy and make some upward adjustments. A Memphis small business lawyer assists small business clients with business operations, state and federal business laws, and with business taxation issues.
With that said, any kind of price increase should be considered thoughtfully and implemented carefully. In this post we provide a few ideas to help you evaluate your market, establish new pricing, and ease your existing customers into paying a bit more for what they already know and love.
Evaluate Your Market
Before raising prices, it's important to get a clear picture of what your industry and competition is charging. If you’re a hyperlocal business, evaluate other businesses in your area that serve your industry. If you have a larger reach (national or international), conduct a wider-ranging evaluation of going rates for similar products and services.
You may also find that a pricing increase is warranted based on your overall reputation, demand for your products and services, and your business volume based on referrals. When people love what you do and how you do it, incremental price increases can increase profits while still keeping your most critical business asset (your customers) happy.
Establish New Pricing
When implementing new pricing on existing products and services, you need to determine an acceptable threshold. A Boca Raton business lawyer is following this story closely. Here are some questions to help you put prices in context:
Ease Customers into New Pricing
There’s always the fear that raising prices could alienate your existing customer base. When you’re ready to roll out your revised pricing, here are a few strategies that can help ease the transition:
When it comes to pricing, you're the only one who's going to keep your company's pricing inline with both the value you offer and the standards for your industry. A Dearborn business lawyer assists clients with business law matters. Pricing isn't just about how much you charge. It's about keeping your company profitable — in every economy.
All companies struggle with pricing — how much is too much? It can be especially difficult for small and midsize businesses to balance what they charge with what the customer will bear.
However, there comes a time when it just makes sense to raise prices, and with the health of the economy improving, this could be a prime time to reassess your pricing strategy and make some upward adjustments. A Memphis small business lawyer assists small business clients with business operations, state and federal business laws, and with business taxation issues.
With that said, any kind of price increase should be considered thoughtfully and implemented carefully. In this post we provide a few ideas to help you evaluate your market, establish new pricing, and ease your existing customers into paying a bit more for what they already know and love.
Evaluate Your Market
Before raising prices, it's important to get a clear picture of what your industry and competition is charging. If you’re a hyperlocal business, evaluate other businesses in your area that serve your industry. If you have a larger reach (national or international), conduct a wider-ranging evaluation of going rates for similar products and services.
You may also find that a pricing increase is warranted based on your overall reputation, demand for your products and services, and your business volume based on referrals. When people love what you do and how you do it, incremental price increases can increase profits while still keeping your most critical business asset (your customers) happy.
Establish New Pricing
When implementing new pricing on existing products and services, you need to determine an acceptable threshold. A Boca Raton business lawyer is following this story closely. Here are some questions to help you put prices in context:
- Do my current margins allow me to earn an acceptable return on this product or service?
- How much do I need to increase pricing to make offering this product or service worth my company’s while?
- Are there additional features being added to existing products and services that will help justify the increase?
- Can I offer client testimonials to help support my pricing increase?
Ease Customers into New Pricing
There’s always the fear that raising prices could alienate your existing customer base. When you’re ready to roll out your revised pricing, here are a few strategies that can help ease the transition:
- Offer grandfathered pricing for existing customers: Acknowledge customers who have been with the company by letting them pay the old pricing for a set time period (say, six or 12 months).
- Gradual escalation: If you’re a service-based company, it may be helpful to offer a scheduled increase in costs — for example, an increase of X percent up front, with additional X percent increases at three and six months.
When it comes to pricing, you're the only one who's going to keep your company's pricing inline with both the value you offer and the standards for your industry. A Dearborn business lawyer assists clients with business law matters. Pricing isn't just about how much you charge. It's about keeping your company profitable — in every economy.
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