Earnings & Sales Reports | featured news

FedEx predicts slower earnings growth this year

FedEx Corp. said Tuesday that a combination of higher costs and slow global growth will crimp its earnings results over the next 12 months.


Verizon Earnings More Than Double

Verizon's third-quarter profit more than doubled as the telecommunications giant reported improved margins and wireless-subscriber growth.


Apple blames iPhone rumors for disappointing results

Apple Inc stunned Wall Street by reporting results that missed expectations for the first time in years, blaming rumors of the new iPhone for hurting demand in the September quarter.


Yahoo Meets Low Earnings Expectations

Yahoo Inc has managed to meet low third quarter earnings targets, a rare feat for a company that has continually disappointed investors.


DealBook: Bank of America Notches $6.2 Billion Profit

DealBook: Bank of America Notches $6.2 Billion Profit

Bank of America reported a $6.2 billion profit for the third quarter as gains from assets sales and positive accounting changes outweighed weaker results in its trading business and continued losses in its huge mortgage portfolio.

Senh: It's good to see that our biggest banks are making profits, but most of it are, so far, coming from accounting gains.


China economic growth set to slow

China economic growth set to slow

Economic growth in China during the third quarter of the year is expected to have slowed as a result of government measures to curb inflation.


Citigroup earnings rise 74 percent, to $3.8 bln

itigroup's strategy of slimming down and focusing on a few core businesses is paying off. The New York bank reported third quarter earnings rose 74 percent in the third quarter, to $3.8 billion, due to lower losses from loans and an accounting gain. Its international consumer lending business grew in Asia and Latin America. The bank also decided to keep its credit card partnership with retailers as that business improved.

Senh: I was wondering what "accounting gain" meant. It sounds like one of those abstract accounting practices that gets companies in trouble. But apparently all that meant was that the value of their liabilities are lower, and they have to report that as a gain. It sounds like a one-off though, and not something they can reproduce over time.


Stocks Rise After McDonald's Profits, Intel Spends

Fast food giant reports in-line earnings, chipmaker hikes dividend and earmarks another $10 billion for buybacks.


Retailers Report Strong Holidays

Zale, Tiffany book revenue gains over key shopping season.


Merck 3Q profit plunges 90 percent on deal charges

Merck & Co. posts an 90 percent drop in third-quarter profit, due to large charges for its $41.1 billion acquisition of Schering-Plough Corp.


Subscribe to this RSS topic: Syndicate content