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October 12, 2008 1:57:28 PM CDT

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Stories related to: earnings reports

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Stories 21 - 40 of 69

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  • April 2008

    • Microsoft Profit Dips 11%

      Bloomberg  |  Apr 24, 08 4:43 PM CDT

      Microsoft Profit Dips 11%

      (Newser) - 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  • earnings reports  • Bill Gates

    • Starbucks Goes Decaf on Earnings Outlook

      Wall Street Journal  |  Apr 23, 08 7:05 PM CDT

      Starbucks Goes Decaf on Earnings Outlook

      (Newser) - The slumping US economy means Starbucks' quarterly profits won't meet estimates when figures are released April 30, the coffee giant said today. Analysts expected earnings of 21 cents per share for the quarter ended March 30; Starbucks expects 15 cents, the Wall Street Journal reports. It now predicts yearly sales to be lower than last year's 87 cents per share; Starbucks' January forecast had called for 96-98 cents. More »

      Tags

      recession  • earnings reports  • Starbucks  • earnings forecast

    • Delta Posts $6.39B 1Q Loss

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

      Delta Posts $6.39B 1Q Loss

      (Newser) - 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  • earnings reports  • fuel costs  • Delta Air Lines

    • Wireless Drives AT&T Growth

      Wall Street Journal  |  Apr 22, 08 2:43 PM CDT

      Wireless Drives AT&amp;T Growth

      (Newser) - AT&T posted a 22% increase in net income during the first quarter, thanks to strong growth in its wireless unit. Its wireless earnings nearly doubled, while landline earnings dropped 2.1%. The company’s net income was $3.46 billion (57 cents a share), compared to $2.85 billion (45 cents a share) a year ago, reports the Wall Street Journal . More »

      Tags

      earnings reports  • AT&T  • telecom industry  • telephone  • wireless industry  • land lines

    • Banks Face New Loan Crisis: Rebuilding Reserves

      Wall Street Journal  |  Apr 22, 08 12:17 PM CDT

      Banks Face New Loan Crisis: Rebuilding Reserves

      (Newser) - Within Bank of America’s disappointing first-quarter earnings was an unwelcome harbinger for the banking industry, the Wall Street Journal reports. BofA’s results were dragged down by huge additions to its loan-loss provision, an expense many other banks will also record soon. Given current credit conditions, many banks will have to increase their bad-loan reserves, dragging down their earnings. More »

      Tags

      credit market  • Bank of America  • earnings reports  • writedowns  • investment banks

    • GE CEO Parries Critics —Including Predecessor

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

      GE CEO Parries Critics &mdash;Including Predecessor

      (Newser) - 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

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

    • EBay's Turnaround Bid: Users Not Buying It Now

      Wall Street Journal  |  Apr 16, 08 8:57 AM CDT

      EBay's Turnaround Bid: Users Not Buying It Now

      (Newser) - When eBay releases its first quarter earnings today, investors and curious onlookers will get a good look at the auctioneer’s turnaround efforts. But conventional grumbling has it that the changes haven’t done much. EBay overhauled its fee structure and tried to encourage sellers to improve customer service, but buyers don’t seem to be responding, the Wall Street Journal reports. More »

      Tags

      eBay  • earnings reports  • John Donahoe  • e-commerce

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

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

      JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

      (Newser) - 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  • earnings reports  • corporate earnings  • writedowns  • James Dimon  • consumer credit

    • Trouble at CBS Runs Wide and Deep

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

      Trouble at CBS Runs Wide and Deep

      (Newser) - 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  • earnings reports  • Fox  • Katie Couric  • CBS News  • Leslie Moonves

    • Stocks Flat Despite WaMu Deal

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

      Stocks Flat Despite WaMu Deal

      (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 at 2,364.83. More »

      Tags

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

  • March 2008

    • Tech Darling VMware Falls on Microsoft Posturing

      MarketWatch  |  Mar 25, 08 12:04 PM CDT

      Tech Darling VMware Falls on Microsoft Posturing

      (Newser) - 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

    • Cash-Strapped Borders Considering Selling Itself

      Detroit Free Press  |  Mar 20, 08 11:11 AM CDT

      Cash-Strapped Borders Considering Selling Itself

      (Newser) - Bookseller Borders is considering selling itself or some of its divisions, the Detroit Free Press reports today. The company, based in Ann Arbor, Mich., is in the midst of a turnaround, but is desperately short on cash, today borrowing $42.5 million from its biggest shareholder, Perishing Square Capital Management. Perishing also offered to buy parts of the company’s international business. More »

      Tags

      book  • mergers and acquisitions  • earnings reports  • liquidity  • bookstore  • Borders  • JPMorgan Securities

    • Lehman Bros. Q1 Profits Plunge 57%

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

      Lehman Bros. Q1 Profits Plunge 57%

      (Newser) - 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

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

    • Goldman Drops 53%, Beats Analysts' Estimates

      Bloomberg  |  Mar 18, 08 7: