Second Quarter, Second Quarter Earnings | featured news

AOL shares have been under serious selling pressure for weeks now, thanks in part to a weaker-than-expected Q2 financial report that added to the Street?s growing concerns about whether the company?s turnaround strategy is actually going to work. The stock, which as recently as early July was north of $20, lately has been struggling to ...

Twenty-three lenders fell off the government’s list of so-called “problem banks” in the second quarter, bringing the total to 865.

Chevron reported a 51% rise in second-quarter earnings as the second-largest U.S. oil company benefited from high crude prices and stronger refining margins.

Both companies report rising sales, but Ford Motor Co. says profits fell about 8% compared with the same period last year as the automaker paid off debt and invested in new vehicles.

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.

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.

Global soft-drink seller PepsiCo said that top-line sales were hurt in the second quarter by consumers in developed markets who are cutting out carbonated beverages from their daily budgets.

Charging its most avid readers for digital access was officially not a dumb idea for The New York Times. In its second quarter earnings announcement, the Times Co. included some attention-getting figures for its new digital subscription program, which launched in March. Since then, the paper has amassed some 224,000 digital-only subscribers. Another 57,000 subscribe to replica editions delivered on e-readers like the Kindle and the Nook. On top of that, there are the 100,000 people getting e-subscriptions sponsored by Lincoln.

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