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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: quarterly results

quarterly results stories: 13 news summaries
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

Major Companies Believe
a Rebound Cometh

Firms split on whether the bottom has been reached

Apr 22, 09 6:06 AM CDT
(Newser) - Some major companies are slowly becoming optimistic about the economy again, the Wall Street Journal reports. Delta Airlines says seat sales are almost at the level they were a year ago and United Technologies says its decline in orders is stabilizing. Intel is among the most upbeat, saying "the... More »

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economic indicators • recession • US economy • retail sales • quarterly results

 CEO: Starbucks Perking Up 

After drop in third quarter, coffee chain's sales improved in October

Oct 29, 08 6:14 PM CDT
(Newser) - Starbucks' CEO says the company is percolating again and may have hit bottom in the quarter that ended in September, the Wall Street Journal reports. The chain again saw declining sales, says Howard Schultz, but he also noted a “slight improvement” in October. Starbucks has been shutting stores, and... More »

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Howard Schultz • Starbucks • Costco • coffee • quarterly results • economy

Lehman Bros. to Report 3Q Stats
Today in Bid to Calm Market

Battered firm to unveil 'strategic initiatives'

Sep 10, 08 1:59 AM CDT
(Newser) - Lehman Brothers plans to release its third-quarter results and "key strategic initiatives" this morning—a week earlier than expected—in a bid to calm investors, Marketwatch reports. The securities firm took its biggest Wall Street walloping in history yesterday, with share prices plunging 45% to finish 85% down from... More »

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stock market • Wall Street • finance • Lehman Brothers • quarterly results • Korea Development Bank

American Stiffens Frequent-Flier Rules

Fees see an increase in a move to cut costs

Aug 7, 08 4:50 PM CDT
(Newser) - American Airlines has added stiffer fees and higher mileage requirements to its frequent-flier program as the airline struggles to cope with fuel costs, the New York Times reports. American, which posted a $1.16 billion loss for the second quarter, is following the lead of Delta, which tightened the purse... More »

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cost cutting • airline industry • American Airlines • frequent flier miles • quarterly results • fuel costs • business models

ANALYSIS

Could-Have-Been-Worse News Now Cheers Wall Street

A year into crisis, analysts redefine once-shocking news as not so bad

Jul 23, 08 5:56 AM CDT
(Newser) - Yesterday's announcements of multibillion-dollar losses at Wachovia and Washington Mutual were only the latest poundings since the credit crisis took hold a year ago. Yet Wall Street, its expectations at rock bottom, cheered the reports because they could have been worse. Shares in WaMu, which posted a $3.3 billion... More »

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subprime mortgages • Wachovia • recession • credit crisis • Washington Mutual • mortgage backed securities • quarterly results • financial crisis

Lehman Axes 2 Top Execs 
in Effort to Stem Slide

CFO and COO both get pink slips after quarterly loss

Jun 12, 08 10:58 AM CDT
(Newser) - Lehman Brothers, struggling to allay mounting worries about the company's balance sheet, today axed its COO and CFO. The move comes days after the bank reported a $2.8 billion quarterly loss. Joseph Gregory and Erin Callan will both remain at Lehman, but will be replaced at the top by... More »

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Lehman Brothers • writedowns • quarterly results • firing • financial crisis

Mammoth Writedowns Hammer AIG

Insurance giant posts $7.8B 1Q loss as
credit woes continue

May 9, 08 2:41 AM CDT
(Newser) - American International Group posted a record-breaking $7.8 billion first-quarter loss yesterday, reports the Wall Street Journal. The insurance giant blamed the poor results on the sagging housing market, the credit crunch and the see-sawing stock market. It announced plans to raise $12.5 billion to patch up the damage... More »

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insurance • derivatives market • AIG • credit crisis • writedowns • quarterly results • losses • Martin Sullivan • JPMorgan Chase • financial crisis

 Surprise Loss,
 $7B Cash Infusion
 for Wachovia 

Fourth-largest bank was prime player in mortgage mess

Apr 14, 08 8:47 AM CDT
(Newser) - Wachovia reported a surprise first-quarter loss today 2 years after taking over a subprime-dealing savings and loan. The CEO of the fourth-largest US bank was “deeply disappointed” that the bank lost $393 million, or 20 cents a share; analysts had anticipated earnings of 40 cents a share, Bloomberg reports.... More »

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Wachovia • job cuts • quarterly results • subprime crisis • Golden West Financial

Profits Slide
as Dell
Streamlines

6.5% drop on consumer slump, 'slow as molasses' turnaround

Feb 29, 08 6:30 AM CST
(Newser) - Dell posted a 6.5% decline in profits for its fiscal fourth quarter yesterday, citing slowed consumer spending and the cost of restructuring, which included slashing thousands of jobs, the Wall Street Journal reports. The Dell results are likely to cause concern about other tech stocks—especially those that rely... More »

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Dell • Michael Dell • restructuring • tech stocks • tech sector • job cuts • computer • quarterly results

Profits Burnout at Electronic Arts

Game maker loses money despite soaring game sales

Feb 1, 08 1:08 AM CST
(Newser) - Video game sales are at an all-time high but the world's largest independent publisher of them has reported a third-quarter loss, reports the AP. Electronic Arts says the loss is down to restructuring and accounting changes. Revenue was up 17%, but the company saw its share of the market slip... More »

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Wall Street • Electronic Arts • computer games • quarterly results • video games

Sun Posts Strong Profits

Services pick up the slack from core hardware divisions

Jan 24, 08 6:03 PM CST
(Newser) - Sun Microsystems today reported a profit of $260 million for the quarter ending Dec. 30, MarketWatch reports. Though total revenue was $3.62 billion, Sun’s service and sales were responsible for most of the gains, growing to $1.37 billion from $1.31 billion in the same quarter last... More »

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earnings reports • Sun Microsystems • software • emerging markets • quarterly results • computer servers

No Worm in Apple, Yet
Stock Falls

Record-high $1.5B earnings fail to placate nervous investors

Jan 22, 08 10:23 PM CST
(Newser) - Despite reporting record-high earnings, Apple saw its stocks fall more than 11% after the market closed today, the New York Times reports. Apple's lowered 2nd quarter earning expectations may have sparked the drop, analysts say, unless investors are anxious about the high-end electronics market in general as the US economy... More »

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stock market • Wall Street • iPhone • investors • Apple • quarterly results

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