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DAILY Wrap-Up & Commentary On: (OTC Pink: NSRGY), (NASDAQ: QCOM)


New York, NY -- (ReleaseWire) -- 03/13/2013 --Nestl (OTC Pink: NSRGY) announced its outlook for FY2013 last month, it expects organic growth between 5% and 6% together with an improved trading operating profit margin and underlying earnings per share in constant currency, as well as improvement in our capital efficiency.

As per its earnings release last month Nestlé’s reported sales were up CHF 8.6 billion, or 10.2%, to CHF 92.2 billion. Organic growth was 5.9%, building on the strong growth of recent years, and was composed of 3.1% real internal growth and 2.8% pricing. After years of adverse impact, foreign exchange added 1.7% to sales, and acquisitions, net of divestitures, a further 2.6%.

Net profit was up CHF 1.1 billion to CHF 10.6 billion, and earnings per share were up 12.2% reported to CHF 3.33. Underlying earnings per share in constant currencies were up 7.5%.

Get the latest news on NSRGY here:

QUALCOMM Incorporated (NASDAQ: QCOM) announced last week that its wholly-owned subsidiary, Qualcomm Technologies, Inc., has appointed industry veteran Laurie Yoler as senior vice president of business development.

In this role, Yoler will be responsible for augmenting existing business relationships in Silicon Valley, as well as developing new strategic business opportunities for Qualcomm in the region. Yoler will report to Peggy Johnson, executive vice president and president of global market development, Qualcomm Technologies.

Qualcomm Incorporated (QCOM) is the world leader in 3G, 4G and next-generation wireless technologies. QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services.

Find out where QCOM could be headed here:

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