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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: earnings reports

earnings reports stories: 115 news summaries

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Big Fannie Mae Losses Prompt Fears of Failure

Crash would be big blow to US economy, housing market

May 6, 08 8:16 AM CDT
(Newser) - Fannie Mae lost a worse-than-expected $2.2 billion this quarter, forcing it to cut its dividend and seek $6 billion in capital. The news is especially troubling as Fannie and Freddie Mac, the companies Washington relies on to keep the housing market functioning, are under unprecedented pressure, the New ... More »

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earnings reports • mortgage • Freddie Mac • Fannie Mae • subprime crisis • financial crisis

Thousands Line Up for Buffett's So-So News

Don't expect big Berkshire gains like before, he says

May 3, 08 3:13 PM CDT
(Newser) - Thousands of stockholders descended on Omaha for today's annual Berkshire Hathaway meeting, but what they heard didn't send Blackberries abuzz, the Wall Street Journal reports. Warren Buffett said his iconic company won’t be pulling in double-digit returns anymore. “Anyone that expects us to come close to replicating the... More »

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Warren Buffett • shareholders • Omaha • earnings reports • Oracle of Omaha

Italy Puts All Salaries Online

Critics hammer 24-hour privacy breach as residents check up on neighbors, celebs

May 1, 08 4:12 PM CDT
(Newser) - The outgoing Italian government posted all citizens’ earnings and tax information, briefly, on the Internet yesterday, sparking outrage over lost privacy, the BBC reports. The site was quickly clogged by Italians checking up on neighbors’ and celebrities’ financial status. The information went offline after about 24 hours in response to... More »

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Internet • taxes • Italy • earnings reports • income • salary

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

earnings report

GM Posts $3.3B Loss on Weak US Market, Strikes

Apr 30, 08 7:16 AM CDT
(Newser) - General Motors today posted a $3.3 billion first-quarter loss, AP reports, due in part to a weak US market, a strike at a major supplier, and plummeting sales of sport utility vehicles and pickups. The loss amounted to $5.74 per share, including one-time charges. Without the charges, it... More »

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General Motors • earnings reports

EARNINGS REPORTS

Japanese Automakers See Bumpy Road Ahead

Honda's profits down 86%, Mitsubishi's off 37%—and forecasts call for more of same

Apr 25, 08 1:47 PM CDT
(Newser) - 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... More »

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

earnings report

 Microsoft Profit Dips 11% 

Revenue of $14.5 billion virtually unchanged from last year

Apr 24, 08 4:43 PM CDT
(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... More »

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Yahoo • Microsoft • Bill Gates • earnings reports

Starbucks Goes Decaf
on Earnings Outlook

Stumbling US economy will water down quarterly profits, '08 forecast

Apr 23, 08 7:05 PM CDT
(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... More »

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Starbucks • earnings reports • recession • earnings forecast

EARNINGS REPORT

 Delta Posts $6.39B 1Q Loss 

Rising fuel costs bring airline to massive downturn despite sales increase

Apr 23, 08 7:46 AM CDT
(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... More »

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

earnings report

 Wireless Drives AT&T Growth 

Company posts 22% increase in net income for Q1 despite dip in landline earnings

Apr 22, 08 2:43 PM CDT
(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... More »

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

Banks Face New Loan Crisis: Rebuilding Reserves

'Provisions' may turn out not to be large enough

Apr 22, 08 12:17 PM CDT
(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... More »

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Bank of America • earnings reports • credit market • writedowns • investment banks • loan-loss provision

 GE CEO
 Parries Critics
 —Including
 Predecessor 

Despite missing earnings forecasts, Immelt says he'll stay the course

Apr 17, 08 1:23 PM CDT
(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... More »

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

EBay's Turnaround Bid: Users Not Buying It Now

Stagnant auction site's overhaul gets lukewarm reaction

Apr 16, 08 8:57 AM CDT
(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... More »

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eBay • earnings reports • John Donahoe • e-commerce

Earnings Report

JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

Blames credit markets, slowing economy

Apr 16, 08 7:18 AM CDT
(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.... More »

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

Trouble at
CBS Runs
Wide and Deep

Evening News
turmoil is last thing
Moonves needs

Apr 14, 08 11:09 AM CDT
(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... More »

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

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

Tech Darling VMware Falls on Microsoft Posturing

Virtualization forerunner can't compete with Redmond chatter

Mar 25, 08 12:04 PM CDT
(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... More »

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Microsoft • earnings reports • VMWare • virtualization software • FUD

Cash-Strapped Borders Considering Selling Itself

Parts, or all, of bookseller on table, it secures $42.5M loan to keep going

Mar 20, 08 11:11 AM CDT
(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.... More »

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mergers and acquisitions • earnings reports • liquidity • bookstore • Borders • book • Pershing Square Capital Management • JPMorgan Chase

Earnings Report

Lehman Bros.
Q1 Profits Plunge 57%

But beleaguered firm still beats forecasts; stock up pre-market

Mar 18, 08 8:18 AM CDT
(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... More »

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

Earnings Report

Goldman Drops 53%,
Beats Analysts' Estimates

Giant brokerage writes off $2.1 billion, sees revenues fall 35%

Mar 18, 08 7:54 AM CDT
(Newser) - Goldman Sachs today beat analysts' dire predictions even though it reported a 53% drop in first-quarter profits—the worst falloff since 1999—after a $2.1 billion writeoff, reports Bloomberg. Analysts had expected the Wall Street brokerage to see profits drop more than 60%. Goldman said net income was $1.... More »

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Wall Street • Goldman Sachs • earnings reports • income • credit crisis • writedowns • financial crisis

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