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Clorox FQ3 Earnings Rise; Shares Fall On Guidance
Monday, May 3, 2010 - 11:06am | 184Read More...Shares of the consumer products maker, Clorox Co (NYSE: CLX), fell 2.23% at 10:40 am, despite the company announcing better-than-expected results for the March quarter. The Oakland, California-based company reported an 8% increase in its third quarter profits to $165 million or $1.16 a share,...
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Avis Budget Asks For Information From Dollar Thrifty To Make Counterbid
Monday, May 3, 2010 - 10:57am | 198Read More...The top executive of Parsippany, New Jersey-based Avis Budget Group Inc (NYSE: CAR) has called in to discuss its bid with Dollar Thrifty Automotive Group Inc’s (NYSE: DTG) board of directors. CAR’s executives have made the move after DTG signed the takeover deal with Hertz Global Holdings Inc (NYSE...
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Sysco Shares Jump On Better-Than-Expected Q3 Earnings
Monday, May 3, 2010 - 8:27am | 181Read More...Sysco Corp (NYSE: SYY) announced that its net income for the third quarter had risen to $247.6 million, or $0.42 a share, from $226.2 million, or $0.38 a share, in the same period a year ago. The company's revenues for the quarter climbed to $8.9 billion, from $8.7 billion. The analysts were...
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DHI Swings To Q1 Profits; Jumps In Pre-Market
Friday, April 30, 2010 - 8:09am | 143Read More...DR Horton Inc (NYSE: DHI) said it swung to profits in fiscal second quarter on 19% jump in completed sales. The Forth Worth, Texas-based home builder said its profits came in at $11.4 million, or $0.04 a share, as compared to a loss of $108.6 million, or $0.34 a share, in the year-ago period. DHI’...
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Constellation Energy Swings To Profits, Exceeds Consensus
Friday, April 30, 2010 - 7:33am | 208Read More...Constellation Energy Group (NYSE: CEG) announced that it has swung to first-quarter profits and exceeded the Street view, aided by margin expansion in its retail power operations. The power company said that its net income for the quarter came in at $191.5 million, or $0.95 a share, up from a net...
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Exxon Mobil’s Profits Jump 38%; Misses Expectations
Thursday, April 29, 2010 - 11:13am | 184Read More...Exxon Mobil (NYSE: XOM) announced a 38% jump in its first-quarter net income. However, XOM’s shares fell following the news as the company missed expectations on both the earnings and revenue front as the recently enacted US healthcare legislation took a toll on the results of the largest US oil...
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Proctor & Gamble Profits Dip But Exceed Consensus; Shares Fall
Thursday, April 29, 2010 - 10:25am | 201Read More...Proctor & Gamble (NYSE: PG) posted higher-than-expected quarterly profits, helped by highest volume gain in more than four years. The company, however, forecasted results for the current quarter short of the Wall Street estimates. For the quarter ended March 31, PG reported profits of $2.59...
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France Telecom Falls Short Of Expectations, Banco Santander Excels In Net Interest Income And Sanofi-Aventis Net Income Jumps 10%
Thursday, April 29, 2010 - 7:05am | 253Read More...France Telecom S.A (NYSE: FTE) said that its earnings before interest, taxes, depreciation and amortization (Ebitda) for the first quarter fell to €3.76 billion ($4.97 billion), from €3.96 billion in the same period a year ago. FTE’s revenues dropped to €10.96 billion from €11.19 billion. Analysts...
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France Telecom Falls Short Of Expectations, Banco Santander Excels In Net Interest Income And Sanofi-Aventis Net Income Jumps 10%
Thursday, April 29, 2010 - 7:05am | 253Read More...France Telecom S.A (NYSE: FTE) said that its earnings before interest, taxes, depreciation and amortization (Ebitda) for the first quarter fell to €3.76 billion ($4.97 billion), from €3.96 billion in the same period a year ago. FTE’s revenues dropped to €10.96 billion from €11.19 billion. Analysts...
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Today’s Buzzwords – Earnings Results and Mergers (CAT, WHR, C, HTZ, DTG, HUM)
Monday, April 26, 2010 - 12:40pm | 360Read More...Trading in Europe is up, despite widening yields on Greek debt. In the US, two big companies, Caterpillar (NYSE: CAT) and Whirlpool (NYSE: WHR), reported better-than-expected sales and earnings and raised their guidance. CAT was trading 4% up in the pre-open session, after reporting earnings at $0....
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AMZN Falls 4.35% On Weak Forecasts
Friday, April 23, 2010 - 11:24am | 111Read More...Shares of Amazon.com Inc (NASDAQ: AMZN) have lost 4.35% to $143.56 in the early morning session after the company’s forecast for the current quarter fell short of Wall Street’s expectations. AMZN said it expected its revenue for the quarter at $6.10-$6.7 billion, as compared to the expectations of...
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MCD’s Q1 Results Beat Earnings And Revenue Expectations
Wednesday, April 21, 2010 - 8:16am | 119Read More...McDonald's (NYSE: MCD) has reported its Q1 EPS at $1.00, exceeding the consensus expectations of $0.96. MCD’s revenues for the quarter came in at $5.61 billion, marginally beating the Street view of $5.52 billion. MCD reported a 4.2% increase in its Q1 global same-store sales, with SSS in the US...
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AT&T Beats Q1 Profits Consensus; Falls Short On Revenues
Wednesday, April 21, 2010 - 7:50am | 110Read More...AT&T (NYSE: T) has announced its Q1 EPS at $0.59, beating the consensus expectations of $0.54. Meanwhile, T’s revenues for the quarter came in at $30.6 billion, falling short of the Street view of $30.72 billion. AT&T reported that it has added 1.9 million total wireless subscribers during...
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Johnson & Johnson Beats Q1 Forecasts With 29% Profit Growth; Lowers Guidance
Tuesday, April 20, 2010 - 11:34am | 264Read More...Johnson & Johnson (NYSE: JNJ) reported a 29% jump in its first-quarter profits, as it settled a patent dispute. Meanwhile, the health-care giant’s sales rose 4%, aided by favorable currency-exchange trends. The New Brunswick, New Jersey-based company said that its earnings for the first quarter...
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Citi Comes Back With a Bang; Shares Surge
Monday, April 19, 2010 - 8:58am | 180Read More...Citi’s profits for the quarter amounted to $0.15 a share, marking a sharp reversal from the $7.6 billion loss reported during the same time last year. The third-largest US bank, which was seen as the weakest of the major US banks for a long time, seems to be on a recovery path. C, one of the...
