earnings reports

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Goldman Posts $428M Loss
 Goldman Posts $428M Loss 
Oct 18, 2011 8:22 AM CDT

Goldman Posts $428M Loss

It's the second time it's ever lost money as a public company

(Newser) - It was a bad three months to be a vampire squid: Goldman Sachs reported a $428 million third-quarter loss today, or 84 cents a share—far worse than the 16 cents per share that analysts were expecting, according to Reuters . The blow came largely thanks to $2.48 billion in...

Apple Profit Shoots Up 125%



 Apple Profit Shoots Up 125% 
Jul 20, 2011 8:23 AM CDT

Apple Profit Shoots Up 125%

...and that's without any new product launches

(Newser) - Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. And with a number of new products scheduled for the second half of 2011, this could be just the tip...

Apple's Revenue Surges on Brisk iPad Sales

But Steve Jobs news overshadows earnings report

(Newser) - Apple said its net income for the most recent quarter rose 78% as holiday shoppers snapped up more iPads than analysts anticipated. The company sold more than 7 million iPads, about a million more than expected. It also sold more than 16 million iPhones in the quarter. The rosy news...

BP: Spill May Be Fixed as Soon as July 27
 
  BP: Spill May Be Fixed 
  as Soon as July 27 
just in time for Q2 REport
Jul 8, 2010 9:58 AM CDT

BP: Spill May Be Fixed as Soon as July 27

New, earlier target date aimed at investors

(Newser) - The relief well that is supposed to finally stanch the oil flow from the Deepwater Horizon may be ready as early as July 27, BP is now telling the Wall Street Journal . That's weeks ahead of the mid-August schedule they’ve discussed until now, and just happens to be the...

GM Reports Profit, Thanks to Cost Cuts, New Models

Consider this your shareholder statement, taxpayers

(Newser) - General Motors rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years, it said in its earnings report today. The Detroit automaker says it earned $865 million from January through March, a strong sign GM has reversed course from staggering losses that...

Goldman Earnings Jump 91%
 Goldman Earnings Jump 91% 
Apr 20, 2010 6:53 AM CDT

Goldman Earnings Jump 91%

Meanwhile, British launch piggyback fraud investigation

(Newser) - Goldman Sachs earnings cruised past analysts' estimates to a whopping 91% gain in the first quarter, which might be great news if it didn't come while the bank is mired in fraud allegations. CEO Lloyd Blankfein seemed almost defensive, noting that the performance “reflects more signs of growth across...

Ford Earns $2.7B in 2009, First Profit in 4 Years

Riding goodwill for refusing bailout, predicts 2010 profit, too

(Newser) - Ford Motor Co. says it made $2.7 billion in 2009, its first annual profit in four years. Ford says it benefited from cost-cutting, debt reduction, and popular cars and trucks like the Fusion sedan and Escape SUV. It's also enjoying customer goodwill for avoiding bankruptcy and refusing federal aid,...

Bank of America Loses $2.2B as Loans Sour

Investment revenues up, but consumers default on nearly $10B

(Newser) - Bank of America Corp. lost more $2.24 billion in the third quarter, the company announced today, as loan losses kept rising. Those losses amounted to nearly $10 billion, providing further evidence that consumers are still struggling to pay their bills. The bank also added $2.1 billion to its...

Goldman Tops $3B in Profit, Blows By Estimates
Goldman Tops $3B in Profit, Blows By Estimates
Q3 EARNINGS
Oct 15, 2009 7:13 AM CDT

Goldman Tops $3B in Profit, Blows By Estimates

Bank triples profit last year, sets $5.3B aside for pay, bonuses

(Newser) - Goldman Sachs is even more golden than we'd thought. The top firm on Wall Street posted a record third-quarter profit of $3.19 billion, a billion dollars higher than expected, thanks to returns on advising on takeovers and more aggressive investing. That quarterly result more than triples the $845 million...

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

(Newser) - JPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also...

Dow Up 21 After Rally Loses Steam
 Dow Up 21 After 
 Rally Loses Steam 
MARKETS
Oct 12, 2009 3:18 PM CDT

Dow Up 21 After Rally Loses Steam

Dow hits new 2009 high but falls back amid light volume

(Newser) - The stock indices ended mixed today after strong morning gains lost steam. The Dow hit a new high for 2009, 9931.82, off strong expectations for the third-quarter earnings. But profit-taking traders capitalized on recent gains, pushing the market lower; light trading volume on the Columbus Day holiday amplified their...

Upbeat Earnings Have CEOs Singing Rebound

(Newser) - CEOs and investors have springs in their steps. After a week full of positive earnings reports, many now believe worst is over, the Wall Street Journal reports. Yesterday saw a slew of reports that matched or beat estimates, including Motorola, Goodyear, Sony, and Kellogg Co. The economy “has found...

Dow Climbs 84, Hits '09 High
 Dow Climbs 84, Hits '09 High 
MARKETS
Jul 30, 2009 3:11 PM CDT

Dow Climbs 84, Hits '09 High

(Newser) - Good earnings reports and stellar performance by General Electric had markets at 2009 highs for a time today, the Wall Street Journal reports. “We have gotten so close to the S&P 1,000 level, you just sort of sense that unless there’s a horrible GDP number tomorrow,...

Tech Snaps Nadaq's Streak; Dow Climbs 24

Amazon, Microsoft fall after weak earnings

(Newser) - The tech sector exerted downward pressure on stocks today, snapping the Nasdaq’s 12-day winning streak, the Wall Street Journal reports. Microsoft sank 8.9% after reporting a 29% drop in quarterly earnings, while Amazon fell 8.3% after also reporting a disappointing quarter. Alcoa, Pfizer, and Merck helped the...

Dow Finishes Up 188, Above 9K
 Dow Finishes Up 188, Above 9K 
MARKETS
Jul 23, 2009 3:13 PM CDT

Dow Finishes Up 188, Above 9K

Nasdaq caps 12-day streak

(Newser) - Sustained increases in home sales and robust earnings fueled a broad-based rally today, pushing the Dow above 9,000 for the first time since January and marking a 12-day winning streak for the Nasdaq—the first in more than a decade, the Wall Street Journal reports. AT&T and 3M...

Apple Earnings Up 15% on iPhone, Mac Success

Firm sold 5.2 million iPhones last quarter

(Newser) - Apple reported a strong quarterly profit, beating analysts’ expectations by selling 5.2 million iPhones and 2.6 million Mac computers, MarketWatch reports. The firm reported earning $1.23 billion on revenue of $8.34 billion in the quarter ending June 26. Sales of iPhones were the highlight, as the...

JPMorgan Profit Jumps 36%, Defying Expectations
JPMorgan Profit Jumps 36%, Defying Expectations
EARNINGS REPORT
Jul 16, 2009 7:00 AM CDT

JPMorgan Profit Jumps 36%, Defying Expectations

(Newser) - JPMorgan Chase, the largest bank to repay TARP money, posted second-quarter earnings of $2.7 billion—smashing analysts' predictions with a 36% increase in profit. The bank became America's second-largest after hoovering up Bear Stearns and Washington Mutual, and like Goldman Sachs it has used a boom in investment banking...

Stocks Soar on Intel Earnings
 Stocks Soar on Intel Earnings 
MARKET open
Jul 15, 2009 8:47 AM CDT

Stocks Soar on Intel Earnings

(Newser) - Tech stocks soared at the open today, taking major indexes with them, after a strong quarter and upbeat outlook from Intel, the Wall Street Journal reports. The Dow rose 100 points, while the Nasdaq added 30 points and the S&P 11.45 points. Intel was up 7.5% pre-market....

Don't Celebrate Yet: Earnings Are Up, but Not Sales

Though first-quarter profit beat expectations, a growth story is absent

(Newser) - The fact that 66% of American companies beat their first-quarter earnings expectations is good, writes Henry Blodget in Clusterstock, but not as good as it looks. A closer examination of the data shows that while profits increased, revenues did not, and “you can’t fire your way to prosperity....

Cisco Disappoints; Dow Off 102
 Cisco Disappoints; Dow Off 102 
MARKETS
May 7, 2009 3:27 PM CDT

Cisco Disappoints; Dow Off 102

Investors await stress tests results

(Newser) - A poor earnings report and forecast from Cisco led stocks down today, the Wall Street Journal writes. The networking giant, considered an indicator of the tech sector’s general health, noted a 17% drop in revenue, and projected bigger losses for next quarter. The Dow closed down 102.43 at...

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