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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: quarterly reports

quarterly reports stories: 15 news summaries
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

MARKETS

 Tech Snaps Nadaq's Streak; 
 Dow Climbs 24 

Amazon, Microsoft fall after weak earnings

Jul 24, 09 3:24 PM CDT
(Newser) - The tech sector exerted downward pressure on stocks today, snapping the Nasdaq’s 12-day winning streak, the Wall Street Journal reports. Microsoft sank 8.9% after reporting a 29% drop in quarterly earnings, while Amazon fell 8.3% after also reporting a disappointing quarter. Alcoa, Pfizer, and Merck helped the... More »

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Microsoft • Merck • Dow Jones • Alcoa • Pfizer • earnings reports • Nasdaq • quarterly reports • S&P 500 • Amazon

EARNINGS REPORT

 Ford Shocks Street 
 With $2.3B Profit 


Jul 23, 09 6:39 AM CDT
(Newser) - Ford surprised the markets today by posting a $2.3 billion quarterly profit, thanks mostly to debt restructuring actions, Reuters reports. The result beat estimates and represents Ford's first good quarter in more than a year; this time in 2008, the automaker lost $2.7 billion. But the global downturn... More »

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debt • Ford • corporate earnings • restructuring • auto industry • quarterly reports • quarterly profits • cars

Apple Earnings Up 15% on iPhone, Mac Success

Firm sold 5.2 million iPhones last quarter

Jul 21, 09 5:18 PM CDT
(Newser) - Apple reported a strong quarterly profit, beating analysts’ expectations by selling 5.2 million iPhones and 2.6 million Mac computers, MarketWatch reports. The firm reported earning $1.23 billion on revenue of $8.34 billion in the quarter ending June 26. Sales of iPhones were the highlight, as the... More »

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iPhone • Apple • earnings reports • corporate earnings • quarterly reports • Mac • quarterly profits • iPhone 3GS

Q1 RESULTS

Ford Loses Just $1.4B,
Turns Down Treasury Money

Automaker burns through cash but remains healthier than rivals

Apr 24, 09 6:49 AM CDT
(Newser) - Ford announced today a loss of $1.4 billion for the first three months of 2009—its worst Q1 result in 17 years, but nevertheless one that beat expectations, Bloomberg reports. The automaker said it expected to break even or possibly turn a profit in 2011, and it would not... More »

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Ford • auto industry • quarterly reports • losses • first quarter earnings • automobile • Ford Motor Co.

 Buffett Has Worst Year Ever 


Feb 28, 09 10:11 AM CST
(Newser) - Not even legendary investors can escape this mess. Warren Buffett’s Berkshire Hathaway posted its worst year ever in 2008, the Wall Street Journal reports. A key indicator, book value per share, fell 9.6%, only the second loss since Buffett took control of the company in 1965. Berkshire... More »

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Warren Buffett • shareholders • profits • Omaha • investments • recession • Berkshire Hathaway • quarterly reports • insurance industry

 NEC to Lay Off 20,000 

Japanese electronics giant hammered by falling demand, stronger yen

Jan 30, 09 6:03 AM CST
(Newser) - The Japanese electronics giant NEC announced today that it will cut 20,000 jobs worldwide after posting a fourth-quarter loss of $1.45 billion, reports the Wall Street Journal. NEC's losses ballooned as demand fell for its semiconductors and chips, and the strength of the yen further hurt its bottom... More »

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Japan • layoffs • electronics • quarterly reports • NEC Corporation • semiconductors

 Citi Posts $8.3B Loss, 
 Prepares to Split in Two 

Still smarting from bad mortgage bets, the company will split to remain solvent

Jan 16, 09 7:52 AM CST
(Newser) - Citigroup lost $8.29 billion in the fourth quarter—twice as much as expected—as the credit crisis continues to batter big banks, Bloomberg reports. The bank suffered a net loss of $1.72 per share, falling far short of analysts’ estimates. Citigroup, which lost 77 percent of its trading... More »

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Citigroup • Morgan Stanley • earnings reports • quarterly reports • stock price • bailout • Smith Barney

Earnings REPORTS

Deutsche Bank Posts $220M Loss—First in 5 Years

German bank loses $220M on billions in writedowns

Apr 29, 08 6:41 AM CDT
(Newser) - Deutsche Bank posted its first quarterly loss in 5 years today, reflecting the impact of the credit crisis on its investment banking activities. Germany's largest bank reported a net loss of $220 million and admitted that the short-term outlook for the firm remained highly uncertain. Deutsche also took $4.2... More »

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Germany • Deutsche Bank • credit crisis • quarterly reports • first quarter earnings • financial crisis

EARNINGS REPORT

Credit Suisse Posts
$2.1B Loss 

$5.2B in writedowns shake Swiss banking group

Apr 24, 08 4:39 AM CDT
(Newser) - Credit Suisse has announced it lost a mammoth $2.1 billion in the first quarter, reports the Financial Times. The Swiss banking group, which until recently appeared to have escaped the worst of the credit crunch, continued to post strong earnings from its private banking sector—but that wasn't... More »

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Credit Suisse • credit crisis • quarterly reports • writedowns • first quarter earnings

updated

Citigroup Posts $5B Loss,
Will Cut 9,000K Jobs

News is worse than expected for nation's largest bank

Apr 18, 08 7:56 AM CDT
(Newser) - Citigroup reported a first-quarter loss of $5.1 billion today, posting another $14 billion in writedowns as a result of the credit crunch and loan defaults, the Wall Street Journal reports. The loss of $1.02 a share exceeded analysts' estimates and marks the second straight quarterly loss for the... More »

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Citigroup • credit market • quarterly reports • banking

Syria Remains Key for
Foreign Fighters in Iraq: US

90% of Iraq's foreign fighters come across neighbor's borders, new report contends

Mar 12, 08 3:08 PM CDT
(Newser) - Syria is a key jumping-off point for foreign militants in Iraq, with 90% entering through the Syrian border, the Pentagon reported yesterday. “It is not clear that Syria has made a strategic decision to deal with foreign terrorists using Syria as a transit point,” the report notes. Meanwhile,... More »

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Iraq • Iran • Syria • Tehran • terrorist • Shiite militia • Damascus • Sunni leaders • quarterly reports • militant • Iraq war

Bear Stearns Posts First Loss

Subprime writedowns hobble 'bond shop,'  loss almost four times what analysts expected

Dec 20, 07 9:19 AM CST
(Newser) - Analysts expected Bear Stearns to post its first-ever loss today, they just expected it to be smaller. After $1.9 billion in subprime writedowns, the company posted a $6.91 loss per share, dwarfing the $1.82 analysts predicted. Executives gave up their bonuses, as revenue from debt sales and... More »

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subprime mortgages • Bear Stearns • earnings reports • quarterly reports • writedowns

Stocks Dip on Bad Oil News

Oct 8, 07 3:40 PM CDT
(Newser) - Stocks fell today as oil producers and miners faced fears a slow economy would hamper demand. Crude dropped as low as $78.98 as Columbus Day brought the slowest trading session of the year; the Dow closed at 14,043.73, down 22.28. Exxon and Occidental both saw declines,... More »

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Exxon • Dow Jones • Alcoa • Nasdaq • miners • crude oil • quarterly reports • Occidental • Columbus Day • S&P 500

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