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NEWS ABOUT: corporate earnings

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Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

(Newser) - Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on... More »

Apple Earnings Soar on Huge iPhone Sales

Company sells 37M as earnings double

(Newser) - Apple's first quarter since the death of Steve Jobs went very, very well: The company reported that net income doubled to a record $13.1 billion from the same period last year, reports MarketWatch . That translates to $13.87 per share, beating by a mile analysts' estimates of about... More »

Rare Miss for Apple: Q4 Earnings Disappoint

Net income is up, but short of analyst expectations

(AP) - Apple failed to set a sales record in the last three months of founder and CEO Steve Jobs' life. Its financial results came in below expectations—a rare miss for the company. After several record quarters, the July-to-September period saw Apple biding its time, with no new iPhone or iPad... More »

Goldman Posts $428M Loss

It's the second time it's ever lost money as a public company

(Newser) - It was a bad three months to be a vampire squid: Goldman Sachs reported a $428 million third-quarter loss today, or 84 cents a share—far worse than the 16 cents per share that analysts were expecting, according to Reuters . The blow came largely thanks to $2.48 billion in... More »

Apple Profit Shoots Up 125%

...and that's without any new product launches

(Newser) - Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. And with a number of new products scheduled for the second half of 2011, this could be just the tip... More »

Halliburton Earnings Shoot Up 54%

Oil giant credits strong demand

(AP) - Halliburton says the expansion of oil and natural gas drilling in North America helped boost company earnings by nearly 54% in the second quarter. Revenue also hit a company record for the period. The Houston oil services giant reported earnings of $739 million, or 80 cents per share today, with... More »

Facebook Posts Killer Earnings: Report

IPO speculation heats up as word leaks that earnings could hit $2B

(Newser) - Speculation about a Facebook IPO heated up today, after sources who have seen the company's recent financials told the Wall Street Journal that its earnings were a lot better than expected. The company is now on pace to earn more than $2 billion this year before taxes, interest, depreciation,... More »

Exxon Scores $11B in Profits

It's oil giant's best quarter since 2008

(Newser) - Gas prices are soaring, and so are Exxon Mobil's profits. The oil giant raked in $10.65 billion in profits in the first quarter of 2011, its best performance since the gas price spike of 2008. The $2.14-per-share profit well exceeded analysts' $2.04 estimates, the AP reports.... More »

Apple Earnings Nearly Double

Even if iPad sales didn't meet expectations

(AP) - Apple today reported another exceptional quarter, nearly doubling its net income and far exceeding analyst estimates on the strength of the seemingly unstoppable iPhone. However, sales of Apple's big new product, the iPad tablet computer, came in below expectations. The second version of the tablet launched three weeks before... More »

Chrysler Only Lost $199M This Quarter

Expects to be profitable next year

(Newser) - Chrysler lost $199 million in the fourth quarter, but that qualified as good news for the beleaguered automaker—after all, it lost a whopping $2.7 billion over the same period in 2009, the AP reports. The company says it expects to jump to profitability in 2011, setting the stage... More »

GM Earns $2B in Q3

Biggest quarterly profit in more than a decade

(Newser) - General Motors has reported a $2 billion third-quarter profit, its biggest quarterly report in 11 years. The figure shows that GM doesn’t need to sell big to earn big anymore, writes Nick Bunkley in the New York Times . A week before its initial public offering—which will reduce the... More »

GM Reports Profit, Thanks to Cost Cuts, New Models

Consider this your shareholder statement, taxpayers

(AP) - General Motors rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years, it said in its earnings report today. The Detroit automaker says it earned $865 million from January through March, a strong sign GM has reversed course from staggering losses that... More »

Goldman Earnings Jump 91%

Meanwhile, British launch piggyback fraud investigation

(Newser) - Goldman Sachs earnings cruised past analysts' estimates to a whopping 91% gain in the first quarter, which might be great news if it didn't come while the bank is mired in fraud allegations. CEO Lloyd Blankfein seemed almost defensive, noting that the performance “reflects more signs of growth across... More »

Soaring Profits Pull Big Biz Out of Recession

Q4 earnings expected to triple, while consumers stay mired

(Newser) - Corporate America is poised to throw off its almost 3-year-long “earnings recession," despite the plain ‘ol recession still bedeviling much of America. Fourth-quarter reports will begin rolling in this week, and analysts believe they’ll continue the upward trends seen in last quarter’s better-than-expected showing. S&... More »

Yahoo Triples Profits After Cost-Cutting

Revenue falls, but downsized company earns $186M

(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 »

Bank of America Loses $2.2B as Loans Sour

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

(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 »

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

(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 »

Dow Up 21 After Rally Loses Steam

Dow hits new 2009 high but falls back amid light volume

(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 »

Upbeat Earnings Have CEOs Singing Rebound

(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 found... More »

Microsoft Posts First Yearly Sales Decline

(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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