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July 25, 2008 11:30:42 PM CDT

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Stories related to: quarterly earnings

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  • July 2008

    • Honda Profits Jump 8% on Fuel-Efficient Lineup

      newser  |  Wall Street Journal  |  15 hours, 56 minutes ago

      Honda Profits Jump 8% on Fuel-Efficient Lineup

      Honda announced an 8.1% gain in net profit yesterday for the quarter ending June 30, riding demand for its fuel-efficient models and beating analysts’ estimates, the Wall Street Journal reports. Honda has been hurt less by falling demand than rivals Toyota and Nissan because it's the least invested in truck and SUV lines. "Honda is better positioned than anyone else in the industry," one analyst tells the Journal. More »

      Tags

      auto industry  • Toyota  • earnings reports  • quarterly earnings  • fuel efficiency  • Honda  • Nissan  • Japanese auto industry

    • Wachovia Posts $8.9B Loss Under New CEO

      newser  |  New York Times  |  Jul 22, 08 9:58 AM CDT

      Wachovia Posts $8.9B Loss Under New CEO

      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 cents-per-share loss. Instead, after $6.1 billion in writedowns, Wachovia lost $4.20 a share. More »

      Tags

      corporate earnings  • quarterly earnings  • Wachovia  • second quarter earnings

    • Bank of America Posts Slide but Beats Q2 Expectations

      newser  |  Wall Street Journal  |  Jul 21, 08 7:33 AM CDT

      Bank of America Posts Slide but Beats Q2 Expectations

      Bank of America reported a 41% decrease in net income today, beating analyst expectations as writedowns shrank to $1.22 million in the second quarter from $2.81 billion a quarter earlier, reports the Wall Street Journal. The bank also said it expects to make money this year from its takeover of troubled mortgage lender Countrywide. More »

      Tags

      subprime crisis  • Bank of America  • quarterly earnings  • Countrywide  • Kenneth Lewis

  • June 2008

    • Morgan Stanley Profits Fall 57%

      newser  |  Bloomberg  |  Jun 18, 08 8:00 AM CDT

      Morgan Stanley Profits Fall 57%

      Morgan Stanley profits were sliced in half this quarter, the company announced today, as stock slingers failed to offset real estate writedowns. The 57% drop, which brought earnings to $1.03 billion or $0.95 per share, was in line with analyst expectations. CEO John Mack said that thanks to “careful management of our capital, risk and liquidity” the US' second-largest investment bank isn't in danger. More »

      Tags

      corporate earnings  • bank  • quarterly earnings  • Morgan Stanley  • investment bank

  • May 2008

    • Big Fannie Mae Losses Prompt Fears of Failure

      newser  |  New York Times  |  May 6, 08 8:16 AM CDT

      Big Fannie Mae Losses Prompt Fears of Failure

      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 York Times reports. Many are now worried that one or both of them, after stepping in to rescue a torrent of troubled mortgages, may soon need bailouts themselves. More »

      Tags

      mortgage  • Fannie Mae  • Freddie Mac  • quarterly earnings  • subprime mortgage crisis

    • Thousands Line Up for Buffett's So-So News

      newser  |  Wall Street Journal  |  May 3, 08 3:13 PM CDT

      Thousands Line Up for Buffett's So-So News

      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 past should sell their stock,” he said. “It's not going to happen.” More »

      Tags

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

  • April 2008

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

      newser  |  Associated Press  |  Apr 30, 08 7:16 AM CDT

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

      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 appeared GM's adjusted results beat Wall Street expectations.   More »

      Tags

      General Motors  • quarterly earnings

    • Wireless Drives AT&T Growth

      newser  |  Wall Street Journal  |  Apr 22, 08 2:43 PM CDT

      Wireless Drives AT&amp;T Growth

      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 (45 cents a share) a year ago, reports the Wall Street Journal . More »

      Tags

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

    • EBay's Turnaround Bid: Users Not Buying It Now

      newser  |  Wall Street Journal  |  Apr 16, 08 8:57 AM CDT

      EBay's Turnaround Bid: Users Not Buying It Now

      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 buyers don’t seem to be responding, the Wall Street Journal reports. More »

      Tags

      eBay  • quarterly earnings  • John Donahoe  • e-commerce

  • March 2008
  • February 2008

    • Freddie Mac Reports Record $2.45B Loss

      newser  |  Bloomberg  |  Feb 28, 08 10:27 AM CST

      Freddie Mac Reports Record $2.45B Loss

      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 money to weather the storm—unless things get drastically worse. More »

      Tags

      subprime crisis  • mortgage  • Fannie Mae  • Freddie Mac  • quarterly earnings  • mortgage defaults  • mortgage brokers

    • Fannie Mae Loses Billions in Q4

      newser  |  Wall Street Journal  |  Feb 27, 08 10:48 AM CST

      Fannie Mae Loses Billions in Q4

      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 spikes in late payments and delinquencies. More »

    • SocGen Posts Record $4.9B Q4 Loss

      newser  |  Bloomberg  |  Feb 21, 08 9:54 AM CST

      SocGen Posts Record $4.9B Q4 Loss

      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 2006. SocGen warned further losses could come in the first quarter. More »

      Tags

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

    • H-P Posts Big Numbers Despite Slowing Market

      newser  |  Wall Street Journal  |  Feb 19, 08 8:10 PM CST

      H-P Posts Big Numbers Despite Slowing Market

      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, including Microsoft and Google, don’t expect a booming 2008. More »

      Tags

      Google  • Microsoft  • quarterly earnings  • Hewlett Packard  • personal computers  • Mark Hurd  • printers

    • Exxon Posts Historic Profits

      newser  |  Wall Street Journal  |  Feb 1, 08 8:00 AM CST

      Exxon Posts Historic Profits

      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, the company posted profits of $40.6 billion, again besting its own record. More »

      Tags

      oil  • energy  • ExxonMobil  • quarterly earnings  • quarterly profits

  • January 2008

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

      newser  |  Wall Street Journal  |  Jan 24, 08 7:53 PM CST

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

      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 the highest quarterly gain for a US cellular provider. More »

      Tags

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

    • Microsoft Income Jumps 79%

      newser  |  Bloomberg  |  Jan 24, 08 5:21 PM CST

      Microsoft Income Jumps 79%

      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 previous year’s $2.63 billion. Sales rose 30% to $16.4 billion, Bloomberg reports. More »

      Tags

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

    • GE Q4 Profit Climbs 15%; Stock Rebounds

      newser  |  Bloomberg  |  Jan 18, 08 1:41 PM CST

      GE Q4 Profit Climbs 15%; Stock Rebounds

      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 up 3.4% at midday; earlier, it rose 5.3%, its biggest gain in almost 5 years, erasing yesterday's 3.9% drop. More »

    • Sun Reveals Profit Boom, $1B MySQL Buyout

      newser  |  MarketWatch  |  Jan 16, 08 6:07 PM CST

      Sun Reveals Profit Boom, $1B MySQL Buyout

      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 Dec. 30—could reach $265 million, beating 2006’s $133 million mark, MarketWatch reports. More »

      Tags

      quarterly earnings  • open source  • Sun Microsystems  • MySQL

  • December 2007

    • CS3 Takes Adobe to Record Revenue

      newser  |  Wall Street Journal  |  Dec 18, 07 5:52 AM CST

      CS3 Takes Adobe to Record Revenue

      Graphic-software manufacturer Adobe Systems topped analysts’ expectations, yesterday announcing record quarterly revenue on the strength of its Acrobat and Creative Suite 3 sales. Adobe said fourth-quarter net income was up 21% on record revenue of $911.2 million, a 34% increase from a year ago, reports the Wall Street Journal. Earnings per share were 49 cents, excluding expenses. More »

      Tags

      earnings reports  • quarterly earnings  • Adobe

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