Quarterly Results | featured news

The top warehouse-style retailer in the U.S. said net profit climbed in the fiscal second-quarter as it posted higher sales, driven by international operations.

Internet giant Yahoo posts a $153m profit in the fourth quarter, but says sales are continuing to fall.

Apple Inc. rocketed to its most profitable quarter ever over the holidays, as huge sales of the iPhone — and a new way the company accounts for the device — led to a nearly 50 percent jump in net income.

McDonald's earnings rose 23% on stronger margins and same-store sales along with an increase in customer visits.

Bank of America Corp. says it lost $5.2 billion during the final three months of 2009 as consumers struggled to make their mortgage and credit card payments.

Citigroup's decision to finish repaying TARP funds in December is a major reason for the quarterly loss and its $1.6-billion loss for the year.

Citigroup had its worst quarter of 2009, losing $7.6 billion in the final quarter of the year, or 33 cents per share, due in large part to the company's swift push to leave the government's Troubled Asset Relief Program.

The New York Times Company reported a $35.6 million loss for the third quarter on falling advertising revenue, but deep cost-cutting and newspaper price increases helped beat projections.

The results marked a reversal of fortune for Morgan Stanley, which had reported three consecutive quarterly losses.

Retailers Target Corp and Saks Inc posted better-than-expected quarterly results on Tuesday as they clamped down on expenses and inventory to offset falling sales, sending shares higher.

Freddie Mac reported a surprising profit in the second quarter, but the profit turned to a loss for shareholders after the company paid the U.S. government a $1.1 billion dividend.