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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: first quarter earnings

first quarter earnings stories: 20 news summaries
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.

MARKETS

 Dow Up 70 on Mixed Earnings 

Apple, eBay do well in first quarter; UPS, SunTrust banks post losses

Apr 23, 09 3:16 PM CDT
(Newser) - Stocks gained today amid mixed earnings news, the Wall Street Journal reports. Market volatility has dropped, with neither of the past two sessions seeing any big moves. Apple, eBay, Coach and Radio Shack beat expectations, while UPS, SunTrust Banks and Fifth Third Bancorp saw losses. The Dow rose 70.49... More »

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eBay • Dow Jones • Nasdaq • SunTrust Banks • S&P 500 • first quarter earnings • United Parcel Service Inc.

(Newser) - Advertising revenue for the New York Times Company’s news divisions sank 28% in the first quarter of this year, the Wall Street Journal reports. That, and a total revenue falloff of 19%, resulted in a $74.5 million loss for the publisher, compared to a break-even first quarter last... More »

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Boston Red Sox • recession • ad revenue • New York Times Company • Boston Globe • first quarter earnings • newspaper industry

(Newser) - Bank of America’s net income in the third quarter nearly tripled last year's, hitting $4.24 billion, or 44 cents a share, the company announced today, a figure that surpassed even the loftiest analyst expectations. The drastic turnaround will likely take pressure off embattled CEO Ken Lewis, who’s... More »

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Bank of America • corporate earnings • financial sector • first quarter earnings • banking industry

(Newser) - Citigroup posted its first profitable quarter in 18 months today, thanks in no small part to $45 billion in bailout funds and changes to accounting rules, Bloomberg reports. The company posted a $1.6 billion profit, up from a $5.1 billion loss last year. The company reported a loss... More »

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Citigroup • accounting • corporate earnings • Vikram Pandit • first quarter earnings

 JPMorgan Posts 
 Better-Than-Expected 
 $2.1B Profit 

Or
JPMorgan Posts $2.1B Profits,
Beats Expectations

Apr 16, 09 8:27 AM CDT
(AP) - JPMorgan Chase earned $2.14 billion in the first quarter, it said today, thanks to a boost in trading activity and deposits. The profit was 10% lower than last year, but better than expected, boosting hopes for a turnaround. Like other banks, JPMorgan is still seeing loan defaults increase—credit... More »

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profits • revenue • JPMorgan Chase • first quarter earnings

$1.8B Goldman Sachs Profit Shocks Wall St.

Bank plans $5B stock offering to start
repaying TARP loan

Apr 13, 09 5:12 PM CDT
(Newser) - Goldman Sachs shocked analysts today by announcing a $1.81 billion profit for the first quarter of 2009, the Wall Street Journal reports. “Given the difficult market conditions, we are pleased,” CEO Lloyd Blankfein said. Goldman also announced plans for a $5 billion stock offering that would help... More »

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Goldman Sachs • quarterly profits • stock offering • investment banks • first quarter earnings • TARP

MARKETS

 Dow Up 87; Gains for March 

Markets may be leveling out, though gains are fragile

Mar 31, 09 3:20 PM CDT
(Newser) - Stocks posted gains today as the first quarter came to a close, the Wall Street Journal reports. While the April earnings season and the results of the Treasury’s stress tests threaten to shatter equities’ recent gains, signs of economic stabilization made March a relatively good month. The Dow rose... More »

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Dow Jones • Nasdaq • Treasury Department • S&P 500 • first quarter earnings

Earnings

Exxon Profits Shoot Up 17%, But Still Miss Target

Rise smallest of the big three oil companies

May 1, 08 8:54 AM CDT
(Newser) - Exxon Mobil’s profits jumped 17% in the first quarter, but still fell short of expectations, Bloomberg reports. Exxon’s number, which was held back by drops in productions and refinery profit margins, looks shabby compared to the world’s other two largest oil companies, which posted 25% and 63%... More »

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ExxonMobil • earnings reports • oil refineries • oil price • oil production • first quarter earnings

 IBM Raises Dividend 25% 

Firm paying out $2.5B, expecting $12B in stock buybacks

Apr 29, 08 2:20 PM CDT
(Newser) - IBM raised its quarterly dividend for the thirteenth consecutive year today after posting strong Q1 earnings two weeks ago, the Wall Street Journal reports. The firm expects to pay $2.5 billion to shareholders this year after raising its dividend 25%, from 40 to 50 cents. IBM also expects to... More »

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investors • IBM • shareholders • information technology • computer • stock buyback • first quarter earnings • dividend

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

 Toyota Overtakes GM in Q1 

US giant's worldwide sales off 0.6% as overseas growth mitigates domestic dip

Apr 23, 08 1:29 PM CDT
(Newser) - GM’s vehicle sales fell 0.6% in the first quarter, helping Toyota, on 2.7% growth, take the global sales lead, the Wall Street Journal reports. Toyota sold 2.41 million vehicles worldwide to 2.25 million for the American giant, which was hurt badly by a 10.2%... More »

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Toyota • General Motors • auto industry • vehicle • auto sales • Japanese auto industry • first quarter earnings • cars

MARKETS

 Strong Earnings Propel Rally 

Nasdaq up almost 5%, Dow and S&P jump 4% for the week

Apr 18, 08 3:22 PM CDT
(Newser) - Stocks rallied to weekly gains today as the markets absorbed last night's strong earnings report from Google and industrial multinationals Caterpillar and Honeywell recorded unexpected first-quarter growth, Bloomberg reports. Google propelled the Nasdaq up 61.14 to close at 2,402.97. The Dow rose 228.87 to 12,849.... More »

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Google • Citigroup • Dow Jones • Nasdaq • Caterpillar • Honeywell • S&P 500 • first quarter earnings

EARNINGS REPORT

eBay Profits Jump 22% Under New CEO

Site raises projected revenue to $9B, exceeds estimates

Apr 16, 08 6:50 PM CDT
(Newser) - EBay's revenue soared 24% in the first quarter, the Wall Street Journal reports, with profits up 22%. Fueled by continued success with its online auction business and PayPal, its online-payment component, the company also raised its projected 2008 earnings to $8.7 billion to $9 billion, well beyond Wall Street... More »

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eBay • online advertising • online retailers • online auction • ad revenue • PayPal • net revenue • profit growth • John Donahoe • quarterly profits • first quarter earnings

MARKETS

 Stocks Seesaw, Close Down 

Investors hold their breath for coming Q1 earnings reports

Apr 14, 08 3:34 PM CDT
(Newser) - Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82,... More »

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gas • Dow Jones • General Electric • Wachovia • Nasdaq • retail sales • S&P 500 • first quarter earnings

MARKETS

 Markets Plunge on GE News 

Dow drops 256 points after surprisingly weak earnings report

Apr 11, 08 3:46 PM CDT
(Newser) - The markets went into a tailspin today after GE shares declined 13%—the company's worst performance since the 1987 crash, the Wall Street Journal reports. The Dow fell 256.56 points to close at 12,325.42, the Nasdaq dropped 61.46 points to 2,290.24, and the S&... More »

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Dow Jones • General Electric • consumer confidence • Nasdaq • S&P 500 • first quarter earnings

MARKETS

 Techs Stand Tall in 'Relief Rally' 

After days of dismal news, mixed reports enough to rouse investors

Apr 10, 08 3:34 PM CDT
(Newser) - Stocks rallied despite a generally unfavorable climate today on positive news from Intel and Wal-Mart, though, with the exception of the Nasdaq, failed to hold on to session highs. The Nasdaq rose 29.58 to close at 2,351.70. The Dow, up triple-digits during the session, ended 54.72... More »

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Intel • Dow Jones • Nasdaq • retail sales • S&P 500 • Wal-Mart • first quarter earnings

AMD to Slash 10%
of Jobs in '08

Chip maker was hurt by defective product, slumping sales

Apr 8, 08 12:02 AM CDT
(Newser) - Advanced Micro Devices will shed 10% of its workforce this year and predicts a 15% first-quarter revenue drop, down to $1.5 billion, the Wall Street Journal reports. Slumping desktop sales and the company's line of defective chips and have hurt AMD, which will lay off workers worldwide at "... More »

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Intel • job cuts • AMD • microchip • processor • computer hardware • first quarter earnings

MARKETS

 Stocks Flat Despite WaMu Deal 

Investors worry about bad news in coming earnings reports

Apr 7, 08 3:36 PM CDT
(Newser) - Stocks were flat today after worries about coming first-quarter earnings reports kept a financial stocks rally from taking hold, MarketWatch reports. The Dow rose 3.01 to 12,612.42; the S&P 500 rose 2.14 to 1,372.54; and the Nasdaq was off 6.15 to close... More »

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Dow Jones • Alcoa • earnings reports • Nasdaq • Washington Mutual • S&P 500 • first quarter earnings

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