Quarterly Earnings, Second Quarter | featured news

Oil giant BP is back in the black, announcing profits of $5.3 billion just a year after the Deepwater Horizon disaster left it facing heavy losses.

In its quarterly earning released on Monday, IBM reported revenues of $26.7 billion – up 12% from the same period last year. With IBM reporting its 4th consecutive quarter of double digit revenue growth, its shares have marched higher since its announcement. The stock is up nearly 50% in the last year surpassing Microsoft as the second largest technology company by market cap behind Apple. IBM’s primary competitors include HP, Dell and Oracle.

McDonald's reported a 15% rise in quarterly profit on sharply higher revenue, though it expects sales growth to ease this month.

Sales of Microsoft Corp's flagship Windows software disappointed for the third straight quarter, taking the gloss off better-than-expected earnings that were aided by an unusually low tax rate.

Stocks opened higher as encouraging quarterly results from blue-chip companies and a hint of housing optimism gave a boost to investor sentiment.

Target meets analyst expectations with its fiscal second quarter earnings.

AT&T reported a 26% increase in second-quarter earnings amid an investment gain, lower costs and fewer customer defections.