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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: corporate earnings

corporate earnings stories: 100 news summaries

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Yahoo Triples Profits After Cost-Cutting

Revenue falls, but downsized company earns $186M

Oct 20, 09 4:11 PM CDT
(AP) - Yahoo’s third-quarter profit more than tripled even though the company's quarterly revenue fell in the double digits for the third consecutive time. The earnings improvement reported today was primarily driven by extensive cost-cutting that has eliminated more than 2,000 jobs in the past year. The company, however, is... More »

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Yahoo • profits • corporate earnings • revenue • downsizing

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

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

(AP) - Microsoft Corp. said today its profit in the last quarter plunged 29% because of weak computer sales, ending a fiscal year in which the software maker's revenue fell for the first time since the company went public in 1986. The results reflect how Microsoft's fortunes are tied to the PC... More »

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Microsoft • corporate earnings • personal computers • tech industry • tech giants

EARNINGS REPORT

 Ford Shocks Street 
 With $2.3B Profit 


Jul 23, 09 6:39 AM CDT
(Newser) - Ford surprised the markets today by posting a $2.3 billion quarterly profit, thanks mostly to debt restructuring actions, Reuters reports. The result beat estimates and represents Ford's first good quarter in more than a year; this time in 2008, the automaker lost $2.7 billion. But the global downturn... More »

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debt • Ford • corporate earnings • restructuring • auto industry • quarterly reports • quarterly profits • cars

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

Bank of America, Citigroup Post Ugly Wins


Jul 17, 09 9:22 AM CDT
(Newser) - Bank of America and Citigroup both posted estimate-topping profits today, but neither inspired much confidence, the New York Times reports. Both numbers hinged on one-time gains from asset sales. In Bank of America’s case, earnings fell 5.5% to $3.22 billion, a number propped up by the... More »

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Citigroup • Bank of America • corporate earnings • second quarter earnings • banking industry

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

(Newser) - Warren Buffett told Berkshire Hathaway shareholders today that the company's first-quarter earnings will fall to $1.7 billion from $1.9 billion last year, reports Bloomberg. At the annual meeting, Buffett said the recession “significantly to drastically affected” the company's bottom line. Full earnings details will be released Friday. More »

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Warren Buffett • corporate earnings • Berkshire Hathaway

Market Open

 Stocks Edge Higher  


Apr 24, 09 8:48 AM CDT
(Newser) - Stocks got a modest boost at the open, as better-than-expected earnings battled with stress test anxiety. The Dow rose 51 points, while the S&P and Nasdaq added 0.6% and 0.4% respectively, the Wall Street Journal reports. Ford skyrocketed 19% after reporting a mere $1.4 billion—and... More »

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stock market • NASDAQ • Dow Jones • corporate earnings • S&P 500 • banking industry • stress tests

(AP) - Microsoft Corp. said today its quarterly revenue fell from the previous year for the first time in its 23-year history as a public company, while its profit dived 32 percent. The shortfall illustrated the toll the recession has taken on the world's largest software maker, even though it remains one... More »

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Microsoft • software • corporate earnings • tech industry

MARKET Open

 Stocks, Earnings Both Mixed 


Apr 23, 09 8:42 AM CDT
(Newser) - Stocks barely budged at the open, after a good quarter from Apple and a lousy one from UPS. The Dow fluctuated between gains and losses, and was recently down 13 points. The S&P and Nasdaq were similarly flat. Apple rose 3% after beating expectations with a 15% earnings jump.... More »

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stock market • Dow Jones • JetBlue • Apple • Nasdaq • corporate earnings • S&P 500

(Newser) - Steve Jobs may be on the sidelines—at least in theory—but Apple is showing no signs of a letdown. The company's quarterly profit surged 15% on strong sales of iPhones and iPods, the Wall Street Journal reports. Jobs, reportedly still very much calling the shots during his medical leave,... More »

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Steve Jobs • iPhone • Apple • profits • corporate earnings

MARKET Open

 Stocks Slide on Grim Earnings 


Apr 22, 09 8:43 AM CDT
(Newser) - Stocks headed lower at the open today, thanks to another round of dour corporate earnings. The Dow fell 44 points, while the S&P and Nasdaq dropped 0.9% and 0.8% respectively. Morgan Stanley tumbled more than 8%, after reporting a quarterly loss, and slashing its dividend. Wells Fargo,... More »

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stock market • Dow Jones • Nasdaq • corporate earnings • Capital One • S&P 500

(AP) - Yahoo says its slump worsened in the first quarter as the recession made it more difficult to sell the ads that generate most of its profits. The company says it will cut 600 to 700 jobs, or about 5 percent of its work force. Yahoo says it earned $118 million,... More »

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Yahoo • layoffs • corporate earnings • tech sector

(Newser) - Bank of America’s net income in the third quarter nearly tripled last year's, hitting $4.24 billion, or 44 cents a share, the company announced today, a figure that surpassed even the loftiest analyst expectations. The drastic turnaround will likely take pressure off embattled CEO Ken Lewis, who’s... More »

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Bank of America • corporate earnings • financial sector • first quarter earnings • banking industry

Exxon Retakes Top Spot in Fortune 500

Wal-Mart slips to second in 'worst-ever' year for the 500

Apr 20, 09 6:00 AM CDT
(Newser) - Exxon Mobil snagged a whopping $443 billion in revenue to unseat Wal-Mart from the top spot in this year's Fortune 500 list, CNN reports. The two behemoths thrived on jacked-up oil prices and the recession respectively, but the picture was a lot bleaker for most of the rest of the... More »

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Fortune 500 • recession • corporate earnings • Wal-Mart • Exxon Mobil

(Newser) - Citigroup posted its first profitable quarter in 18 months today, thanks in no small part to $45 billion in bailout funds and changes to accounting rules, Bloomberg reports. The company posted a $1.6 billion profit, up from a $5.1 billion loss last year. The company reported a loss... More »

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Citigroup • accounting • corporate earnings • Vikram Pandit • first quarter earnings

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