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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: third quarter earnings

third quarter earnings stories: 23 news summaries

1 - 20 of 23 Stories | 1 2 Next >>

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QUARTERLY EARNINGS

 Apple Profits Surge 
 47% on iPhones, Macs 

iPhone, Mac sales lead to blowout quarter

Oct 20, 09 3:00 AM CDT
(Newser) - Apple rocketed to a 47% increase in quarterly profits as consumers kept buying iPhones and Macs through the recession, helped by a price drop and overseas expansion. The company posted a profit of $1.67 billion last night, exceeding even the highest expectations on the Street. The biggest surprise was... More »

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iPhone • Apple • third quarter earnings • quarterly reports • Mac

MARKETS

 Dow Climbs 96 to New 2009 High 

Expectations for Caterpillar, AmEx earnings boost Dow

Oct 19, 09 3:19 PM CDT
(Newser) - Stocks rallied today on expectations for this week’s earnings reports, with the Dow rising 96.28 points to hit a new 2009 high of 10,092.19. Caterpillar, which reports tomorrow, gained 6.5% after saying it would raise prices. American Express, which reports Thursday, gained 2.6%. Traders... More »

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Dow Jones • Apple • American Express • Nasdaq • Caterpillar • third quarter earnings • quarterly reports • quarterly results • S&P 500

Bank of America Loses
$2.2B as Loans Sour

Investment revenues up, but consumers default on nearly $10B

Oct 16, 09 8:02 AM CDT
(AP) - Bank of America Corp. lost more $2.24 billion in the third quarter, the company announced today, as loan losses kept rising. Those losses amounted to nearly $10 billion, providing further evidence that consumers are still struggling to pay their bills. The bank also added $2.1 billion to its... More »

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Bank of America • earnings reports • Merrill Lynch • loans • corporate earnings • third quarter earnings • loan-loss provision • toxic assets

Q3 EARNINGS

Goldman Tops $3B in Profit, Blows By Estimates

Bank triples profit last year, sets $5.3B aside for pay, bonuses

Oct 15, 09 7:13 AM CDT
(Newser) - Goldman Sachs is even more golden than we'd thought. The top firm on Wall Street posted a record third-quarter profit of $3.19 billion, a billion dollars higher than expected, thanks to returns on advising on takeovers and more aggressive investing. That quarterly result more than triples the $845 million... More »

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executive compensation • Goldman Sachs • earnings reports • third quarter earnings • Lloyd Blankfein

Once-Reserved Goldman Turns on the Charm

Ahead of record result, normally reticent bank puts on a smile

Oct 15, 09 3:35 AM CDT
(Newser) - Today's the day: Goldman Sachs is set to announce record profits in the third quarter, projected at $2.17 billion, and with it a compensation pool larger than Wall Street has ever seen. But the golden bank knows a PR disaster when it sees one—and has been mounting a... More »

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Wall Street • executive compensation • Goldman Sachs • bonuses • third quarter earnings • Lloyd Blankfein • quarterly profits • executive bonuses

MARKETS

 Dow Up 21 After 
 Rally Loses Steam 

Dow hits new 2009 high but falls back amid light volume

Oct 12, 09 3:18 PM CDT
(Newser) - The stock indices ended mixed today after strong morning gains lost steam. The Dow hit a new high for 2009, 9931.82, off strong expectations for the third-quarter earnings. But profit-taking traders capitalized on recent gains, pushing the market lower; light trading volume on the Columbus Day holiday amplified their... More »

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Dow Jones • earnings reports • Nasdaq • corporate earnings • holiday • third quarter earnings • Columbus Day • S&P 500

MARKET Open

 Stocks Drop on Citi,
 Retail Woes 


Nov 17, 08 8:49 AM CST
(Newser) - Stocks slid at the open, as Citigroup slashed jobs and retailers reported yet more disappointing results. The Dow lost 160 points, while the S&P and Nasdaq dropped 1.8% and 1.5% respectively. Among the big drops were Target and Lowe’s, which each took a 24% hit to... More »

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stock market • NASDAQ • Citigroup • Dow Jones • earnings reports • Lowe's • third quarter earnings • Target • S&P 500

 GM Loses $4.2B, Has Little Cash 

Talks with Chrysler dead

Nov 7, 08 11:30 AM CST
(Newser) - General Motors is almost out of money, the company said today, reporting a quarter far worse than Wall Street was prepared for. The nation’s largest automaker lost $4.2 billion, or $7.35 a share, excluding special items, nearly double the $3.70-per-share analysts expected. After burning through $6.... More »

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General Motors • earnings reports • liquidity • auto industry • third quarter earnings • cash

 Ford Loses $2.98B, Cuts Jobs 

Automaker narrows losses, but results much worse than expected

Nov 7, 08 7:41 AM CST
(Newser) - Ford Motor Company’s sales plunged 22% in the third quarter, the company said today, as the struggling economy eviscerated demand. The company lost $2.98 billion, or $1.31 a share, far worse than the 93 cents-per-share analysts expected, while burning through $7.7 billion in cash, Bloomberg reports.... More »

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Detroit • earnings reports • Ford • auto industry • third quarter earnings • job cuts

MARKETS

 Stocks Rise Despite Job Woes 

But a modest hit

Oct 23, 08 8:58 AM CDT
(Newser) - Stocks got a modest bump at the opening bell today despite an ugly job report, as mixed earnings clouded the waters. The Dow rose 69 points, while the S&P and Nasdaq rose 0.7% and 0.5% respectively. Jobless claims took an unexpected spike last week, and the More »

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stock market • Dow Jones • corporate earnings • markets • third quarter earnings

MARKETS

 Dow Sinks 514 on Bad Earnings 

Third-quarter reports detail suffering across the board

Oct 22, 08 3:32 PM CDT
(Newser) - Stocks continued yesterday’s decline amid a wave of poor earnings reports across the board, the Wall Street Journal reports. The Dow, down at one point nearly 700 points in the final hour, fell 514.45 to close at 8,519.21. The Nasdaq shed 80.93 points, closing at... More »

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Merck • Boeing • Dow Jones • earnings reports • Nasdaq • third quarter earnings • S&P 500 • AT&T

MARKET opener

 Sour Earnings Sink Stocks 

Recession fears keep bears growling

Oct 22, 08 8:51 AM CDT
(Newser) - Recession fears kept bears roaring today, as the Dow shed 230 points at the open on a spate of lousy third-quarter results. Wachovia posted a staggering $23.9 billion loss to lead a group of five gloomy blue chip reports, the Wall Street Journal reports. “We’ve seen... More »

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stock market • Dow Jones • Wachovia • Apple • recession • corporate earnings • markets • third quarter earnings • financial crisis

EARNINGS REPORTS

 Southwest 
 Loses $120M 
 on Bad Oil Bet 

Otherwise, quarter beat expectations

Oct 16, 08 7:36 AM CDT
(Newser) - Southwest Airlines posted a $120-million third-quarter loss today, due almost entirely to a one-time $247-million charge on an oil bet gone wrong, the New York Times reports. Southwest aggressively locks in its fuel costs far in advance, which looked brilliant last year, as oil prices skyrocketed. But oil’s... More »

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airline industry • earnings reports • corporate earnings • Southwest Airlines • third quarter earnings • oil prices

MARKETS

 Stocks Trip Over Bad Econ Data 

Good results from Coke, JP Morgan drowned out

Oct 15, 08 9:02 AM CDT
(Newser) - The bears came out on Wall Street this morning, sending the Dow down 181 at the bell, as a host of negative economic reports drowned out some positive third-quarter results. Retail sales were worse than expected in September, and several other indexes showed manufacturing activity down. The S&P and... More »

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stock market • Dow Jones • economic indicators • corporate earnings • third quarter earnings

MARKETS

 Eyes on DC, Stocks Lift at Bell 

GE's cut estimates can't keep market down

Sep 25, 08 8:55 AM CDT
(Newser) - An estimate cut from GE couldn’t keep the markets down this morning, as bailout optimism drove the Dow up 88 points, with the Nasdaq and S&P each raising 0.7%, the Wall Street Journal reports. GE slumped 4% premarket after cutting its third-quarter estimates, and predicted that... More »

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stock market • General Electric • markets • third quarter earnings • bailout

EARNINGS REPORT

Morgan Stanley Profit Dips, But Easily Beats Forecasts


Sep 16, 08 5:40 PM CDT
(Newser) - Morgan Stanley reported a 3% percent drop in third-quarter earnings but easily beat Wall Street expectations, Bloomberg reports. The investment bank's profit fell to $1.43 billion, or $1.32 per share from $1.47 billion, or $1.38, a year ago. Analysts expected 78 cents a share. The relatively... More »

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Wall Street • Morgan Stanley • earnings reports • financial markets • third quarter earnings • meltdown

Dreary Housing Market Nails Home Depot

Third-quarter net
income plunges 27%

Nov 13, 07 7:31 AM CST
(Newser) - A weak housing market hammered Home Depot’s third quarter, sending revenues down 4% and cutting net income 27%, reports the Wall Street Journal. The Atlanta-based retailer today said net income fell to $1.09 billion compared to $1.49 billion a year ago. “We are facing a... More »

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housing market • corporate earnings • Home Depot • third quarter earnings

Motorola CEO Silences Critics (For Now)

Zander exhales as company reports  third-quarter profit

Oct 25, 07 4:54 PM CDT
(Newser) - Motorola CEO Ed Zander may have won at least a temporary reprieve from some of the harsh criticism he's endured in recent months, as the largest US maker of mobile phones reported a third-quarter profit today. Evading a straight-up loss through aggressive cost-cutting, Motorola earnings were down 94%, but it... More »

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Carl Icahn • Ed Zander • Motorola • third quarter earnings

Bank of America Takes
32% Third-Quarter Dive

Investment division, big write downs, sink quarter

Oct 18, 07 8:25 AM CDT
(Newser) - Bank of America today reported a whopping 32% drop in third-quarter net income, thanks to steep trading losses, write-downs to cover loan defaults, and larger set-asides to cover credit losses. Unlike many competitors, the nation's second-largest bank hadn’t issued loss guidance. More »

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Bank of America • subprime mortgages • third quarter earnings • banking

Nokia Profits Soar 85%
on Popular New Models

Market share grows to give company biggest lead ever against competitors

Oct 18, 07 7:19 AM CDT
(Newser) - The world's biggest maker of mobile phones announced an 85% increase in third-quarter profits today, topping analysts' estimates on the strength of popular new models. Nokia Oyj increased its already dominant market share to 39%, from 36% last year, giving the Finnish company more of the pie than its three... More »

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Nokia • third quarter earnings • cell phone industry

1 - 20 of 23 Stories | 1 2 Next >>


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