quarterly earnings, third quarter earnings

Samsung now No. 1 smartphone vendor, over Apple

In the third quarter of 2011, Samsung was the king of the smartphone world, with one report showing the domination of the manufacturer overtaking Apple's global reign.

China's Baidu sees profits surge

Chinese search engine Baidu reports an 80% surge in profits for the third quarter, boosted by increased advertising sales.

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Chrysler drives Fiat profit higher

Fiat-Chrysler's third-quarter trading profit was well above forecasts at 851 million euros, with U.S. automaker Chrysler contributing as much as two-thirds of it and helping offset weak European sales.

Economy grows at 2.5% in third quarter, easing recession fears

The economy grew at an annual rate of 2.5% in the three months ending Sept. 30, the government reported, easing fears that the nation would fall into a second recession but still too slow a pace to cut significantly into the high unemployment rate.

Senh: At least we're not heading into another recession. Any growth is good right now.

Netflix shares down as DVD subscribers drop

Netflix Inc reported an increase in third-quarter revenue that beat analyst expectations but said DVD subscriptions would sharply decline in the fourth quarter, sending its shares down sharply.

Senh: What the article doesn't mention is how many Netflix DVD users have dropped their subscriptions since it the price hike in July. That way, you can see how steep the cancellation rate is. Everything should settle down by the next quarter, then we can see what the total damage is.

Verizon Earnings More Than Double

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

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GE profit meets Street view, sees 2012 growth

General Electric Co reported an 18 percent rise in quarterly profit that met Wall Street's expectations, as revenue rose across its big energy, aviation, healthcare and transportation arms.

American Air's parent AMR posts loss on fuel costs

AMR Corp, parent of American Airlines, reported on Wednesday a quarterly loss as the company was pressured by high fuel costs and volatile foreign exchange rates.

Senh: They can't make that up with all of the airline fees they're charging consumers?

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.

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.

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