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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: earnings reports

earnings reports stories: 115 news summaries

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Chrysler Loss Deepened After Daimler Split

Filing shows a $2.9B loss in Aug.-Sept. '07, big bonus to CEO

Feb 28, 08 12:56 PM CST
(Newser) - Chrysler lost nearly $2.9 billion in a 2-month period last fall, after its split from Daimler, a filing by the German company shows. The filing by Daimler, which retains 19.9% of the automaker, offers a rare look at how costly the company's reorganization effort has been since it... More »

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Chrysler • United Auto Workers • DaimlerChrysler • Detroit • earnings reports • Robert Nardelli • Tom LaSorda

Freddie Mac Reports Record $2.45B Loss

Rising defaults break mark mortgage investor set ... last quarter

Feb 28, 08 10:27 AM CST
(Newser) - Freddie Mac, the nation’s second-largest mortgage finance company, lost $2.45 billion in 2007's fourth quarter, topping the record $2.02 billion it lost the previous quarter, Bloomberg reports. Freddie’s CEO predicted still-greater losses ahead as loan defaults take their toll, but said the company had raised enough... More »

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

Fannie Mae Loses Billions in Q4

Government-backed lender off $3.56B, but feds lifts restraints on portfolio

Feb 27, 08 10:48 AM CST
(Newser) - Fannie Mae reported huge fourth-quarter losses today, painting an ugly picture both of the economy and the mortgage giant's own future. The company lost $3.56 billion—triple what analysts expected, Bloomberg reports. Derivatives were the big culprit, accounting for $3.33 billion in losses, but the company also reported... More »

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student loans • earnings reports • mortgage • Freddie Mac • Fannie Mae • credit market • subprime crisis • Office of Federal Housing Enterprise Oversight • financial crisis

SocGen Posts Record $4.9B Q4 Loss

Subprime writedowns and fraud drop bank's annual profit 82%

Feb 21, 08 9:54 AM CST
(Newser) - Societe Generale's annual profits plummeted a whopping 82% after a record $4.9 billion fourth quarter loss fueled by subprime woes and the actions of rogue trader Jerome Kerviel, reports Bloomberg. France’s second-largest bank today said net income was 947 million euros, compared to 5.22 billion euros in... More »

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subprime mortgages • earnings reports • corporate earnings • Jérôme Kerviel • Société Générale • Daniel Bouton • SocGen

H-P Posts Big Numbers Despite Slowing Market

PC and overseas sales boost earnings

Feb 19, 08 8:10 PM CST
(Newser) - Hewlett-Packard thumbed its nose at concerns over falling tech spending today, posting a 38% rise in earnings and 15% revenue jump in its first quarter, the Wall Street Journal reports. The health of the tech giant, boosted by PC and overseas sales, is good news for an industry whose leaders,... More »

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Google • Microsoft • earnings reports • personal computers • Mark Hurd • printers • Hewlett-Packard

Boardroom Hoax Has Street Abuzz

Analyst imposter gets access to top execs and has everyone baffled

Feb 16, 08 7:47 AM CST
(Newser) - Joe Herrick asks wonk-like questions about the impact of lean Six Sigma management techniques, is unfailingly polite and talks the talk of quarterly corporate conference earnings calls, fitting in nicely with the other securities analysts asking questions of the company’s head honchos. The problem is, reports the Wall Street ... More »

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Pepsi • earnings reports • hoax • lean six sigma • six sigma • Joe Herrick • Gutterman Research • Molson Coors Brewing Co, • securities analyst

IAC Numbers Plummet;
War for Control Drags On

Bad quarter adds to Diller v. Malone woes

Feb 7, 08 12:34 PM CST
(Newser) - The headlines being generated from the ongoing battle for control of IAC/InterActiveCorp between John Malone and Barry Diller took a backseat—briefly--yesterday as the company announced horrific fourth quarter numbers, taking a loss of nearly $370 million after being sideswiped by the subprime mortgage meltdown through its ownership of LendingTree,... More »

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earnings reports • John Malone • Barry Diller • online shopping • IAC/InterActiveCorp

Exxon Posts Historic Profits

No US company has ever made more money, quarterly or annually

Feb 1, 08 8:00 AM CST
(Newser) - Exxon Mobil today reported the biggest quarterly and annual profit in US history, the Wall Street Journal reports, as record oil prices propelled net income up 14%, to $11.66 billion, or $2.13 per share. That topped analyst estimates, and investors rushed to the stock in pre-market trading. Annually,... More »

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energy • oil • ExxonMobil • earnings reports • quarterly profits

SEC Delves Deeper Into Execs' Pay

Regulator pushes companies to reveal criteria for measuring performance

Jan 29, 08 3:28 PM CST
(Newser) - The SEC wants companies to tell shareholders how they measure an executive’s performance when calculating pay, but companies are balking, reports the Wall Street Journal. Their reticence has prompted the commission to send out a second wave of letters to some of the 350 companies it originally queried... More »

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executive compensation • earnings reports • SEC • Bristol Myers Squibb • share price

AT&T's 4Q Numbers Bolstered by Cell Sales

Other operations lagging behind

Jan 24, 08 7:53 PM CST
(Newser) - AT&T's quarterly numbers indicate strong wireless sales, the Wall Street Journal reports, though unimpressive figures from its landline and Internet divisions have left some analysts and investors concerned. AT&T enjoyed a quarterly revenue of $3.14 billion—up from $1.94 billion this time last year—bolstered by... More »

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iPhone • Apple • earnings reports • AT and T • ISP • wireless industry • land lines • telephone

Sun Posts Strong Profits

Services pick up the slack from core hardware divisions

Jan 24, 08 6:03 PM CST
(Newser) - 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... More »

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

Microsoft Income Jumps 79%

Office, Vista, and Xbox behind $4.7B in quarterly revenue

Jan 24, 08 5:21 PM CST
(Newser) - Microsoft topped estimates today, revealing a 79% jump in quarterly profits over the same period last year—and raising targets for the year. On Xbox 360 and Windows sales, the world's largest software maker boasted net income of $4.71 billion for the period ending December 31, up from the... More »

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Microsoft • earnings reports • Microsoft Vista • Xbox 360 • Halo 3

GE Q4 Profit Climbs 15%;
Stock Rebounds

Globalization, weak dollar drive growth; stock price jumps

Jan 18, 08 1:41 PM CST
(Newser) - 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... More »

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NBC Universal • General Electric • earnings reports • Writers Guild of America • Hollywood writers' strike • Jeffrey Immelt

Sun Reveals Profit Boom, $1B MySQL Buyout

Open-source software developer latest acquisition for giant

Jan 16, 08 6:07 PM CST
(Newser) - Sun Microsystems revealed two surprises today: The computer company showed quarterly earnings that have nearly doubled from a year ago, and it said it would buy open-source software developer MySQL for $800 million in cash and $200 million in assumed options. Sun’s earnings in the second quarter—which ended... More »

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earnings reports • Sun Microsystems • open source • MySQL

Street Yawns at Genentech Quarterlies

Despite beating analysts' revenue and profit forecast, biotech's share price drops

Jan 15, 08 11:09 AM CST
(Newser) - 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... More »

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earnings reports • biotechnology • Genentech • pharmaceutical • Avastin • Rituxan

Cap One
Cuts Earnings Forecast

Mortgage woes spread to
credit card, car loan giant

Jan 10, 08 6:46 AM CST
(Newser) - The nation’s largest independent credit card issuer, facing worsening loan troubles and a struggling US economy, says it will cut its 2007 profit forecast 20%. Capital One Financial 's news is another indicator that the mortgage crisis is infecting other loans, the Wall Street Journal notes; the company... More »

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earnings reports • Capital One • subprime crisis

Bear Stearns Posts First Loss

Subprime writedowns hobble 'bond shop,'  loss almost four times what analysts expected

Dec 20, 07 9:19 AM CST
(Newser) - 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... More »

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

Morgan Stanley Stuns With $9.4B in Writedowns

CEO gives up bonus in face of terrible performance

Dec 19, 07 8:10 AM CST
(Newser) - 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... More »

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

No Bonus for Bear Stearns Execs

On the eve of announcing its first quarterly loss ever, top execs pass on bonuses

Dec 19, 07 7:41 AM CST
(Newser) - 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... More »

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executive compensation • Bear Stearns • earnings reports • James Cayne

Goldman
Earnings Hit Record

Firm soars on trading, M&A, shorting subprime as others falter

Dec 18, 07 9:25 AM CST
(Newser) - 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... More »

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Goldman Sachs • subprime mortgages • earnings reports • investment banks

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