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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: second quarter earnings

second quarter earnings stories: 12 news summaries

(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

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

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

MARKETS

 Stocks Mixed; Dow Up 15 

Investors show caution as 2nd-quarter earnings season beings

Jul 8, 09 3:21 PM CDT
(Newser) - Stocks were mixed today as investors await companies' second-quarter reports. Shares of Alcoa, which kicks off the earnings season with a report after the close, fluctuated but closed slightly higher. The Dow finished up 15 points at 8,178, reports the Wall Street Journal. The Nasdaq gained 1 point to... More »

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stock market • Intel • Dow Jones • Alcoa • Nasdaq • second quarter earnings • S&P 500

Earnings

Fannie Misses Estimates, Slashes Dividend

Stock drops 12% in early trading

Aug 8, 08 8:37 AM CDT
(Newser) - Fannie Mae reported its fourth straight losing quarter today, Bloomberg reports, coming in $2.3 billion in the red and slashing its dividend. The $2.51-per-share loss far exceeded the 72-cent average predicted by analysts, much as Freddie Mac surprised investors two days ago. “Neither of these companies have... More »

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corporate earnings • second quarter earnings • Freddie Mac • Fannie Mae • housing crisis • subprime crisis • financial crisis

Earnings

 GM Loses $15.5B, Stuns Street 

$27.33 per-share loss much worse than analysts predicted

Aug 1, 08 8:20 AM CDT
(Newser) - General Motors stunned Wall Street today, reporting a $15.5-billion second-quarter loss—a figure far worse than anything analysts had predicted—as sales collapsed on the company's most profitable products, trucks and SUVs. Prognosticators had estimated the automaker would lose $2.62 per share, excluding items; instead the loss came... More »

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General Motors • earnings reports • second quarter earnings • auto industry

(Newser) - ExxonMobil reported the biggest quarterly profit in US history today, earning $11.68 billion or $2.22 a share as revenues rose 40% over the previous year. But those stratospheric numbers fell short of Wall Street’s estimates; analysts had expected crude prices, which have doubled over the past year,... More »

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ExxonMobil • earnings reports • second quarter earnings • oil prices

Earnings

Ford Posts $8.7B Loss,
Will Make Fewer Trucks 

Writedowns lead to ugly quarter

Jul 24, 08 9:08 AM CDT
(AP) - Ford Motor Co. lost $8.67 billion in the second quarter and will retool two more North American truck and SUV plants to build small, fuel-efficient vehicles, the company announced today. The net loss includes $8.03 billion in writedowns due to a decline in the value of its truck... More »

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earnings reports • Ford • second quarter earnings • auto industry • trucks • writedowns

Earnings

Wachovia Posts $8.9B Loss Under New CEO

'Dismal' housecleaning quarter much worse than expected

Jul 22, 08 9:58 AM CDT
(Newser) - New Wachovia CEO Robert Steel moved aggressively to staunch the bank's losses by taking a massive $8.9-billion hit in the second quarter and slashing its dividend to almost nothing, the New York Times reports. Steel had every reason to clean house, but analysts had predicted only a 78... More »

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Wachovia • earnings reports • corporate earnings • second quarter earnings • Robert Steel • financial crisis

Earnings

Citi Losses Shrink in 2nd Quarter, Beat Expectations

Rounds out week of better-than-expected results

Jul 18, 08 8:32 AM CDT
(Newser) - Citibank delighted shareholders today by losing a mere $2.5 billion in the second quarter, the Wall Street Journal reports. Analysts had expected much worse from the US’ biggest bank by assets, but Citi beat expectations by reducing writedowns and slashing jobs. The results should prove a counterweight to... More »

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earnings reports • Merrill Lynch • Wells Fargo • second quarter earnings • Citibank • JPMorgan Chase

McDonald's Takes Good News to Go

Company's strong results can't offset cost of Latin American sale

Jul 24, 07 2:12 PM CDT
(Newser) - Despite strong global sales, McDonald’s reported a second-quarter loss today, which it attributed to its sale of Latin American franchises. The company lost $711.7 million, or 60 cents a share, but said its new offerings and value menu drew consumers, CNNMoney reports. Excluding the Latin American charge, earnings... More »

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McDonald's • SEC • corporate earnings • fast food industry • second quarter earnings • US economy

Morgan Stanley 2nd Quarter Wallops Rivals

Profits spike 40% as subprime slump smacks rest of sector

Jun 20, 07 10:23 AM CDT
(Newser) - Morgan Stanley released far better-than-expected earnings figures today, with net income up over 40% in the last quarter. Riding strong fixed-income sales and trading figures, profits rose to $2.58 billion, up from $1.84 billion last year. That's a far cry from rivals Goldman Sachs and Bear Stearns, whose... More »

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Goldman Sachs • subprime mortgages • business • Morgan Stanley • Bear Stearns • John Mack • second quarter earnings

12 Stories


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