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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: earnings reports

earnings reports stories: 115 news summaries

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Bank of America Loses
$2.2B as Loans Sour

Investment revenues up, but consumers default on nearly $10B

Oct 16, 09 8:02 AM CDT
(AP) - Bank of America Corp. lost more $2.24 billion in the third quarter, the company announced today, as loan losses kept rising. Those losses amounted to nearly $10 billion, providing further evidence that consumers are still struggling to pay their bills. The bank also added $2.1 billion to its... More »

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Bank of America • earnings reports • Merrill Lynch • loans • corporate earnings • third quarter earnings • loan-loss provision • toxic assets

Q3 EARNINGS

Goldman Tops $3B in Profit, Blows By Estimates

Bank triples profit last year, sets $5.3B aside for pay, bonuses

Oct 15, 09 7:13 AM CDT
(Newser) - Goldman Sachs is even more golden than we'd thought. The top firm on Wall Street posted a record third-quarter profit of $3.19 billion, a billion dollars higher than expected, thanks to returns on advising on takeovers and more aggressive investing. That quarterly result more than triples the $845 million... More »

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executive compensation • Goldman Sachs • earnings reports • third quarter earnings • Lloyd Blankfein

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

Oct 14, 09 9:02 AM CDT
(AP) - JPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also... More »

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stock market • Wall Street • earnings reports • corporate earnings • financial services • financial sector • JPMorgan Chase

MARKETS

 Dow Up 21 After 
 Rally Loses Steam 

Dow hits new 2009 high but falls back amid light volume

Oct 12, 09 3:18 PM CDT
(Newser) - The stock indices ended mixed today after strong morning gains lost steam. The Dow hit a new high for 2009, 9931.82, off strong expectations for the third-quarter earnings. But profit-taking traders capitalized on recent gains, pushing the market lower; light trading volume on the Columbus Day holiday amplified their... More »

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Dow Jones • earnings reports • Nasdaq • corporate earnings • holiday • third quarter earnings • Columbus Day • S&P 500

(Newser) - CEOs and investors have springs in their steps. After a week full of positive earnings reports, many now believe worst is over, the Wall Street Journal reports. Yesterday saw a slew of reports that matched or beat estimates, including Motorola, Goodyear, Sony, and Kellogg Co. The economy “has... More »

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stock market • Citigroup • earnings reports • Kellogg • Ford • corporate earnings • second quarter earnings • Dow Chemical Co. • economy

MARKETS

 Dow Climbs 84, Hits '09 High 


Jul 30, 09 3:11 PM CDT
(Newser) - Good earnings reports and stellar performance by General Electric had markets at 2009 highs for a time today, the Wall Street Journal reports. “We have gotten so close to the S&P 1,000 level, you just sort of sense that unless there’s a horrible GDP number tomorrow,... More »

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stock market • NASDAQ • New York Stock Exchange • Dow Jones • General Electric • earnings reports • 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

MARKETS

 Dow Finishes Up 188, Above 9K 

Nasdaq caps 12-day streak

Jul 23, 09 3:13 PM CDT
(Newser) - Sustained increases in home sales and robust earnings fueled a broad-based rally today, pushing the Dow above 9,000 for the first time since January and marking a 12-day winning streak for the Nasdaq—the first in more than a decade, the Wall Street Journal reports. AT&T and 3M... More »

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Dow Jones • earnings reports • home sales • Nasdaq • S&P 500 • AT&T

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

EARNINGS REPORT

JPMorgan Profit Jumps 36%, Defying Expectations


Jul 16, 09 7:00 AM CDT
(Newser) - JPMorgan Chase, the largest bank to repay TARP money, posted second-quarter earnings of $2.7 billion—smashing analysts' predictions with a 36% increase in profit. The bank became America's second-largest after hoovering up Bear Stearns and Washington Mutual, and like Goldman Sachs it has used a boom in investment banking... More »

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Wall Street • profits • earnings reports • second quarter earnings • quarterly profits • investment banks • JPMorgan Chase • TARP

MARKET open

 Stocks Soar on Intel Earnings 


Jul 15, 09 8:47 AM CDT
(Newser) - Tech stocks soared at the open today, taking major indexes with them, after a strong quarter and upbeat outlook from Intel, the Wall Street Journal reports. The Dow rose 100 points, while the Nasdaq added 30 points and the S&P 11.45 points. Intel was up 7.5%... More »

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stock market • Intel • Dow Jones • earnings reports • Nasdaq • tech sector • S&P 500 • Intel Corp

OPINION

Don't Celebrate Yet: Earnings Are Up, but Not Sales

Though first-quarter profit beat expectations, a growth story is absent

May 11, 09 12:05 PM CDT
(Newser) - The fact that 66% of American companies beat their first-quarter earnings expectations is good, writes Henry Blodget in Clusterstock, but not as good as it looks. A closer examination of the data shows that while profits increased, revenues did not, and “you can’t fire your way to prosperity.... More »

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profits • earnings reports • corporate earnings • Henry Blodget • revenue • profit margins • financial crisis • Jay-ZTV

MARKETS

 Cisco Disappoints; Dow Off 102 

Investors await stress tests results

May 7, 09 3:27 PM CDT
(Newser) - A poor earnings report and forecast from Cisco led stocks down today, the Wall Street Journal writes. The networking giant, considered an indicator of the tech sector’s general health, noted a 17% drop in revenue, and projected bigger losses for next quarter. The Dow closed down 102.43 at... More »

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Google • Dow Jones • earnings reports • Nasdaq • Cisco • S&P 500 • Amazon

 GM Loses $6B in 
 Q1, Burns $10.2B 

The ailing automaker looks no closer to avoiding bankruptcy, CEO says

May 7, 09 7:29 AM CDT
(Newser) - General Motors lost nearly $6 billion in the first quarter, hampered by bankruptcy fears and slumping global sales. The company spent $10.2 billion while revenue declined to $22.43 billion—47% down from the previous year. However, the loss of $5.98 billion, or $9.78 a share, was... More »

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bankruptcy • General Motors • Detroit • earnings reports • auto industry

MARKET Open

 Earnings Send Stocks Higher 


Apr 30, 09 8:42 AM CDT
(Newser) - Stocks surged at the open, as better-than-expected earnings buoyed hopes that the economy is ready for a comeback, the Wall Street Journal reports. The Dow was up 71 points, while the S&P and Nasdaq rose 8 and 20 points, respectively. Earnings reports have been surprisingly good this quarter; about... More »

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stock market • Dow Jones • earnings reports • Nasdaq • Dow Chemical Co. • S&P 500

Exxon Mobil Profits Plunge 58% on Low Oil Prices

Low year-over-year pump prices, oil demand drive revenue down

Apr 30, 09 7:57 AM CDT
(AP) - Exxon Mobil’s first-quarter profit fell 58% from the previous year to $4.6 billion—its lowest profit in more than 5 years—as the world's largest publicly traded oil company, along with the rest of the industry, saw gas prices deflate dramatically. This time last year crude was in... More »

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oil • earnings reports • gas prices • Exxon Mobil • oil prices

MARKETS

 Beige Book Boosts Dow Up 109 

Investors look past Intel to manufacturing

Apr 15, 09 3:15 PM CDT
(Newser) - Stocks rose late in today’s session, buoyed by decent news from the Fed’s Beige Book, the Wall Street Journal reports. The report showed manufacturing activity stabilizing or rising in five of 12 US districts, after months of declines. The Dow closed up 109.44 at 8,029.62.... More »

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Federal Reserve • Intel • Dow Jones • earnings reports • Nasdaq • S&P 500 • earnings forecast • Beige Book

UBS Announces $1.7B More
 Losses, 8,700 Job Cuts

Bank blames US tax fraud case for some of its 1Q losses

Apr 15, 09 7:52 AM CDT
(Newser) - Bad times are continuing for UBS in the wake of last year's record loss, the Guardian reports. The troubled Swiss bank reported a $1.75 billion loss in the first quarter, and announced plans to ax 8,700 employees—11% of its global workforce—sparking rumors that it plans to... More »

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layoffs • Switzerland • UBS • earnings reports • tax evasion • bank • banking • tax haven

MARKETS

 Retailers Gain; Dow Climbs 48 

Investors overcome grim FOMC minutes

Apr 8, 09 3:28 PM CDT
(Newser) - Stocks posted gains today after dipping into the red after the release of minutes from the Fed open market committee’s March meeting, during which forecasts were lowered, the Wall Street Journal reports. Family Dollar Stores' strong earnings report encouraged investors, and the consumer and retail sectors saw broad advances.... More »

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retail • Dow Jones • earnings reports • Nasdaq • Federal Open Market Committee • Family Dollar • S&P 500 • FOMC

Market Open

 Stocks Inch Up as 
 Builders Merge 


Apr 8, 09 8:44 AM CDT
(Newser) - Stocks crept higher at the open, as a pair of homebuilders planned a big merger and the government sought to help life insurers. The Dow inched up 25 points, and the S&P 0.6%, while the Nasdaq jumped 1.3%. Centex shares soared 28% on news that it would... More »

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stocks • earnings reports • homebuilders

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