Oil Giant, BP Plc Second Quarter Earnings Down 53% to USD 3.14B on Lower Energy Prices Deutsche Bank Reports 68% Jump in Second Quarter Profit to EUR 1.09B on Trading Gains Japanese Manufacturer, Hitachi Ltd to Buyout Five of its Subsidiaries for USD 3B to Help Boost Growth Airbus Owner, EADS Says Six Month Net [...]
RadioShack Corp Posts Second-Quarter Profit of USD 0.39 a Share, Beats Forecast of USD 0.29 per Share Ericsson Wins Auction to Purchase Nortel Networks Ltd Assets, to Pay USD 1.13B in Cash Ryanair Holdings plc Posts Higher-than-Expected Quarterly Profit of EUR 136.5mm, Warns Full-Year Earnings to Be At Low End of Estimates as it Cuts [...]
Unfortunately for Amazon.Com Inc, its plan to boost sales through massive price cuts has begun to eat away at its bottom line. Yesterday, the world’s biggest online retailer posted a 10% fall in second quarter net income to US$142M or US$0.32 per share (from US$158M or US$0.37 per share a year earlier). The performance was [...]
The world’s largest chip-maker, Samsung Electronics Co. Ltd. surprised analysts with better-than-expected earnings for its second quarter. Profits rose 5% to US$1.81 from the same period last year – on strong sales of flat screen televisions and mobile phones as well as higher prices for memory chips. Looking forward, Samsung expects to exceed its full-year [...]
Xerox Corp, the world’s leading supplier of digital printer and document management solutions, announced lower quarterly results yesterday. For the second quarter, Xerox posted net income of US$140M (or US$0.16 per share), substantially lower than the US$215M (US$0.24 per share) it recorded for the comparative period one year ago. Revenues slid 18% over the same [...]
Solid earnings at Ford Motor Co. and others, sent the Dow Jones Industrial Average (DJIA) soaring above 9000 points in the early hours of trading yesterday. This marked the first time that the world’s best known stock market gauge had risen above the 9000 mark since January 2009. Likewise, the Standard & Poor’s 500 Index [...]
Microsoft Corp Sales Fall for Second Consecutive Quarter, Dropping 17% to USD 13.1B for its Fourth Quarter Behind Forecasts of USD 14.4B UK Economy Shrinks by 0.8% in Second Quarter from Previous Quarter, More than Double Economists’ Forecast of a 0.3% Contraction South Korea Economy Grows by 2.3% in Second Quarter from Previous Three Months, [...]
Delta Airlines Inc., the leading global airline since it merged with Northwest Airlines in October 2008, posted a second quarter loss of US$257M or US$0.31 per share (US$0.24 if merger costs are excluded). Wall Street analysts predicted a narrower loss of US$0.29 per share excluding items. As airlines worldwide struggle to reduce costs to match [...]
Apple Inc has done it once again. On Tuesday evening, the maker of iPods and iPhones reported a 15% rise in quarterly profits, its best quarterly performance in a non-holiday season. Net profit for Apple’s third quarter came in at US$1.23B or US$1.35 per share, vs. earnings of US$1.07B or US$1.19 per share in the [...]
Weak global demand has continued to erode DuPont Co’s bottom line. The world’s second largest chemical-maker reported Q02 2009 earnings of US$417M or US$0.46 per share, down from US$0.54 per share in the previous quarter. The results were down 61% from earnings of US$1.18 per share a year ago after total revenues fell 24% to [...]