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July 25, 2008 12:32:13 AM CDT

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Stories related to: earnings reports

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  • July 2008

    • Ford Posts $8.7B Loss, Will Make Fewer Trucks

      newser  |  Associated Press  |  Jul 24, 08 9:08 AM CDT

      Ford Posts $8.7B Loss, Will Make Fewer Trucks

      Ford Motor Co. lost $8.67 billion in the second quarter and will retool two more North American truck and SUV plants to build small, fuel-efficient vehicles, the company announced today. The net loss includes $8.03 billion in writedowns due to a decline in the value of its truck and SUV inventory, as well as Ford Motor Credit Co.'s truck-heavy lease portfolio. More »

      Tags

      auto industry  • Ford  • earnings reports  • writedowns  • trucks  • earnings  • second quarter earnings

    • Stocks Rise as Oil Drops

      newser  |  MarketWatch  |  Jul 22, 08 3:22 PM CDT

      Stocks Rise as Oil Drops

      Stocks climbed to robust gains by the end of today’s session as a drop in oil helped offset a spread of mixed earning reports, MarketWatch reports. The Dow gained 135.16 points to close at 11,602.50, the Nasdaq rose 24.43 to 2,303.9, and the S&P 500 climbed 17.01 points to 1,277.01. More »

      Tags

      S&P 500  • Nasdaq  • oil  • Dow Jones Industrial Average  • earnings reports  • Wachovia  • American Express  • Caterpillar  • DuPont

    • Citi Losses Shrink in 2nd Quarter, Beat Expectations

      newser  |  Wall Street Journal  |  Jul 18, 08 8:32 AM CDT

      Citi Losses Shrink in 2nd Quarter, Beat Expectations

      Citibank delighted shareholders today by losing a mere $2.5 billion in the second quarter, the Wall Street Journal reports. Analysts had expected much worse from the US’ biggest bank by assets, but Citi beat expectations by reducing writedowns and slashing jobs. The results should prove a counterweight to the ghastly results Merill Lynch reported after markets closed yesterday. More »

      Tags

      Merrill Lynch  • JPMorgan Chase  • earnings reports  • Wells Fargo  • second quarter earnings  • Citibank

  • May 2008

    • Exxon Profits Shoot Up 17%, But Still Miss Target

      newser  |  Bloomberg  |  May 1, 08 8:54 AM CDT

      Exxon Profits Shoot Up 17%, But Still Miss Target

      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% gains respectively. “Exxon is having trouble raising production, and that's not a good sign,” said one money manager. More »

      Tags

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

  • April 2008

    • Japanese Automakers See Bumpy Road Ahead

      newser  |  Wall Street Journal  |  Apr 25, 08 1:47 PM CDT

      Japanese Automakers See Bumpy Road Ahead

      A strong yen is hurting Japan's automakers, the Wall Street Journal reports, with Honda and Mitsubishi announcing big declines in profits today and forecasting tough times ahead. Honda saw an 86% decline in profits for the quarter ended March 31; Mitsubishi's were down 37%. Mazda bucked the trend, with a 48% increase—but all three forecast double-digit declines this fiscal year. More »

      Tags

      Toyota  • earnings reports  • Honda  • Japanese auto industry  • Mazda  • Mitsubishi  • earnings forecast

    • Microsoft Profit Dips 11%

      newser  |  Bloomberg  |  Apr 24, 08 4:43 PM CDT

      Microsoft Profit Dips 11%

      Microsoft's profits fell 11% in the third quarter amid concern that corporate clients are cutting back during the economic downturn, Bloomberg reports. The software giant reported net income of $4.39 billion, or 47 cents a share, down from $4.93 billion a year ago. The company's revenue remained flat at $14.5 billion, in line with estimates but disappointing investors, Bloomberg notes. Shares fell 4.5%. More »

      Tags

      Microsoft  • Yahoo  • Bill Gates  • earnings reports

    • Delta Posts $6.39B 1Q Loss

      newser  |  Wall Street Journal  |  Apr 23, 08 7:46 AM CDT

      Delta Posts $6.39B 1Q Loss

      Staggering fuel prices overwhelmed a 12% sales increase and pushed Delta Air Lines to a $274-million loss in the first quarter, which ballooned to $6.39 billion on a $6.1-billion non-cash charge reflecting a decline in its market value. Excluding special items—including the bankruptcy-related charge—the airline lost 69 cents a share; analysts had expected 49 cents a share, the Wall Street Journal reports. More »

      Tags

      airline industry  • fuel costs  • earnings reports  • Delta Air Lines

    • GE CEO Parries Critics —Including Predecessor

      newser  |  Wall Street Journal  |  Apr 17, 08 1:23 PM CDT

      GE CEO Parries Critics &mdash;Including Predecessor

      General Electric CEO Jeffrey Immelt faced the music yesterday, as his predecessor, Jack Welch, raked him over the coals on his own cable TV network for missing first-quarter earnings forecasts. Immelt admitted GE “let people down” in downgrading its outlook for 2008, the Wall Street Journal reports. But he said he won’t change the direction he’s set for the company, or cave to demand he split it up. More »

      Tags

      corporate earnings  • earnings reports  • General Electric  • credit market chaos  • Jeffrey Immelt

    • JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

      newser  |  Wall Street Journal  |  Apr 16, 08 7:18 AM CDT

      JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

      JPMorgan Chase, battling $5.1 billion in subprime writeoffs and deteriorating consumer credit, reported first quarter profits fell 50%, reports the Wall Street Journal. CEO Jamie Dimon warned the outlook for the remainder of 2008 was likely as grim. Morgan—the 3rd-largest US bank—said profits dropped to $2.37 billion, or 68 cents a share, down from $4.79 billion, or $1.34 a year earlier. More »

      Tags

      subprime crisis  • JPMorgan Chase  • corporate earnings  • earnings reports  • writedowns  • James Dimon

    • Trouble at CBS Runs Wide and Deep

      newser  |  New York Times  |  Apr 14, 08 11:09 AM CDT

      Trouble at CBS Runs Wide and Deep

      With trouble plaguing most divisions of CBS, last week's flap over Katie Couric's contract was just one of the countless items on Les Moonves' to-do list, the New York Times reports. Ad sales are down industry-wide, Fox is on the tail of the prime-time division and gaining fast, and the radio division and online presence lag competitors. More »

      Tags

      CBS  • Fox  • earnings reports  • Katie Couric  • Leslie Moonves  • CBS News

    • Stocks Flat Despite WaMu Deal

      newser  |  Wall Street Journal  |  Apr 7, 08 3:36 PM CDT

      Stocks Flat Despite WaMu Deal

      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 at 2,364.83. More »

      Tags

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

  • March 2008

    • Tech Darling VMware Falls on Microsoft Posturing

      newser  |  MarketWatch  |  Mar 25, 08 12:04 PM CDT

      Tech Darling VMware Falls on Microsoft Posturing

      Tech player VMware has experienced its own private Silicon Valley bubble in a single seven-month stretch: The virtualization software pioneer skyrocketed in value after its August IPO, and has since fallen apart on mere intimations of competition from Microsoft. The company, which allows computers to run multiple operating systems, has lost $30 billion in value in five months—and accuses the Redmond titans of spreading so-called FUD (fear, uncertainty and doubt). More »

      Tags

      Microsoft  • earnings reports  • VMWare

    • Lehman Bros. Q1 Profits Plunge 57%

      newser  |  Wall Street Journal  |  Mar 18, 08 8:18 AM CDT

      Lehman Bros. Q1 Profits Plunge 57%

      Lehman Brothers, which yesterday lost 19% of its market value, today reported a 57% drop in net income for the first quarter and a 31% drop in net revenue. But those dire figures still beat analyst forecasts, sending the stock up 12% in premarket trading, the Wall Street Journal reports. The earnings were brought low by a $1.8 billion mortgage writedown. More »

      Tags

      Bear Stearns  • mortgage crisis  • Lehman Brothers  • earnings reports  • fixed assets

  • January 2008

    • Sun Posts Strong Profits

      newser  |  MarketWatch  |  Jan 24, 08 6:03 PM CST

      Sun Posts Strong Profits

      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 year. Hardware product sales fell slightly from $2.26 billion to $2.25 billion over the same interval. More »

      Tags

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

    • GE Q4 Profit Climbs 15%; Stock Rebounds

      newser  |  Bloomberg  |  Jan 18, 08 1:41 PM CST

      GE Q4 Profit Climbs 15%; Stock Rebounds

      GE profits rose 15% in the fourth quarter as overseas demand for jet engines and power turbines more than offset the weakness in the US economy, the company reported today. “They've really been a beneficiary of the whole global growth story,” an analyst told Bloomberg. GE stock was up 3.4% at midday; earlier, it rose 5.3%, its biggest gain in almost 5 years, erasing yesterday's 3.9% drop. More »

    • Street Yawns at Genentech Quarterlies

      newser  |  Associated Press  |  Jan 15, 08 11:09 AM CST

      Street Yawns at Genentech Quarterlies

      Drug maker Genentech – struggling with near-flat sales of its two premier drugs, Avastin and Rituxan – managed to outperform analyst’s fourth quarter expectations – barely, reports the Associated Press. The one-time biotech uber star, which recorded phenomenal growth in each of the two previous years, showed only a 6.4% increase in profits on sales that rose 9% in the quarter. More »

      Tags

      earnings reports  • pharmaceutical  • biotechnology  • Genentech  • Avastin

  • December 2007

    • Bear Stearns Posts First Loss

      newser  |  Bloomberg  |  Dec 20, 07 9:19 AM CST

      Bear Stearns Posts First Loss

      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 trading were wiped out, Bloomberg reports. “They’ve got a myriad of problems,” one analyst said. More »

      Tags

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

    • Morgan Stanley Stuns With $9.4B in Writedowns

      newser  |  Wall Street Journal  |  Dec 19, 07 8:10 AM CST

      Morgan Stanley Stuns With $9.4B in Writedowns

      Morgan Stanley, the nation's second-largest investment bank, lost $3.59 billion this quarter, its first loss ever, after taking a whopping $9.4 billion in writedowns on mortgage-backed securities. CEO John Mack, who promised to give up his 2007 bonus as penance for the losses, also announced a $5-billion cash infusion from China Investment Corp., the investment arm of the Chinese government, for a stake of 9.9% of the company. More »

      Tags

      subprime mortgages  • mortgage backed securities  • earnings reports  • Morgan Stanley  • writedowns  • John Mack

    • No Bonus for Bear Stearns Execs

      newser  |  Wall Street Journal  |  Dec 19, 07 7:41 AM CST

      No Bonus for Bear Stearns Execs

      Bear Stearns’ CEO and other top executives, poised to announce the company’s first quarterly loss in its 84-year history tomorrow, are expected to bypass millions of dollars in annual bonuses, an acknowledgment of the dismal year the firm had, driven down by the collapse of the subprime mortgage market and two internal hedge funds, the Wall Street Journal reports. More »

      Tags

      Bear Stearns  • earnings reports  • James Cayne

    • Goldman Earnings Hit Record

      newser  |  Bloomberg  |  Dec 18, 07 9:25 AM CST

      Goldman Earnings Hit Record

      Still sitting pretty above the subprime fray, Goldman Sachs trumped estimates today and reported a 2% jump in profits in the fourth quarter, breaking the annual profit record for the fourth straight year. Goldman shorted subprime mortgages, profiting from the disaster that sank competitors, and in the quarter actually boosted its revenue from mortgage securities, Bloomberg reports. More »

      Tags

      subprime mortgages  • Goldman Sachs  • earnings reports  • investment bank

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