earnings reports – News Stories About earnings reports - Page 7

JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

Earnings Report

Apr 16, 2008 7:18 AM CDT

JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

Blames credit markets, slowing economy

(Newser) - JPMorgan Chase, battling $5.1 billion in subprime writeoffs and deteriorating consumer credit, reported first quarter profits fell 50%, reports the Wall Street Journal. CEO Jamie Dimon warned the outlook for the remainder of 2008 was likely as grim. Morgan—the 3rd-largest US bank—said profits dropped to $2.37...

Trouble at
CBS Runs
Wide and Deep

Apr 14, 2008 11:09 AM CDT

Trouble at CBS Runs Wide and Deep

Evening News turmoil is last thing Moonves needs

(Newser) - With trouble plaguing most divisions of CBS, last week's flap over Katie Couric's contract was just one of the countless items on Les Moonves' to-do list, the New York Times reports. Ad sales are down industry-wide, Fox is on the tail of the prime-time division and gaining fast, and the...

Stocks Flat Despite WaMu Deal

MARKETS

Apr 7, 2008 3:36 PM CDT

Stocks Flat Despite WaMu Deal

Investors worry about bad news in coming earnings reports

(Newser) - Stocks were flat today after worries about coming first-quarter earnings reports kept a financial stocks rally from taking hold, MarketWatch reports. The Dow rose 3.01 to 12,612.42; the S&P 500 rose 2.14 to 1,372.54; and the Nasdaq was off 6.15 to close...

Tech Darling VMware Falls on Microsoft Posturing

Mar 25, 2008 12:04 PM CDT

Tech Darling VMware Falls on Microsoft Posturing

Virtualization forerunner can't compete with Redmond chatter

(Newser) - Tech player VMware has experienced its own private Silicon Valley bubble in a single seven-month stretch: The virtualization software pioneer skyrocketed in value after its August IPO, and has since fallen apart on mere intimations of competition from Microsoft. The company, which allows computers to run multiple operating systems, has...

Cash-Strapped Borders Considering Selling Itself

Mar 20, 2008 11:11 AM CDT

Cash-Strapped Borders Considering Selling Itself

Parts, or all, of bookseller on table, it secures $42.5M loan to keep going

(Newser) - Bookseller Borders is considering selling itself or some of its divisions, the Detroit Free Press reports today. The company, based in Ann Arbor, Mich., is in the midst of a turnaround, but is desperately short on cash, today borrowing $42.5 million from its biggest shareholder, Perishing Square Capital Management....

Lehman Bros.
Q1 Profits Plunge 57%

Earnings Report

Mar 18, 2008 8:18 AM CDT

Lehman Bros. Q1 Profits Plunge 57%

But beleaguered firm still beats forecasts; stock up pre-market

(Newser) - Lehman Brothers, which yesterday lost 19% of its market value, today reported a 57% drop in net income for the first quarter and a 31% drop in net revenue. But those dire figures still beat analyst forecasts, sending the stock up 12% in premarket trading, the Wall Street Journal reports....

Goldman Drops 53%,
Beats Analysts' Estimates

Earnings Report

Mar 18, 2008 7:54 AM CDT

Goldman Drops 53%, Beats Analysts' Estimates

Giant brokerage writes off $2.1 billion, sees revenues fall 35%

(Newser) - Goldman Sachs today beat analysts' dire predictions even though it reported a 53% drop in first-quarter profits—the worst falloff since 1999—after a $2.1 billion writeoff, reports Bloomberg. Analysts had expected the Wall Street brokerage to see profits drop more than 60%. Goldman said net income was $1....

Chrysler Loss Deepened After Daimler Split

Feb 28, 2008 12:56 PM CST

Chrysler Loss Deepened After Daimler Split

Filing shows a $2.9B loss in Aug.-Sept. '07, big bonus to CEO

(Newser) - Chrysler lost nearly $2.9 billion in a 2-month period last fall, after its split from Daimler, a filing by the German company shows. The filing by Daimler, which retains 19.9% of the automaker, offers a rare look at how costly the company's reorganization effort has been since it...

Freddie Mac Reports Record $2.45B Loss

Feb 28, 2008 10:27 AM CST

Freddie Mac Reports Record $2.45B Loss

Rising defaults break mark mortgage investor set ... last quarter

(Newser) - Freddie Mac, the nation’s second-largest mortgage finance company, lost $2.45 billion in 2007's fourth quarter, topping the record $2.02 billion it lost the previous quarter, Bloomberg reports. Freddie’s CEO predicted still-greater losses ahead as loan defaults take their toll, but said the company had raised enough...

Fannie Mae Loses Billions in Q4

Feb 27, 2008 10:48 AM CST

Fannie Mae Loses Billions in Q4

Government-backed lender off $3.56B, but feds lifts restraints on portfolio

(Newser) - Fannie Mae reported huge fourth-quarter losses today, painting an ugly picture both of the economy and the mortgage giant's own future. The company lost $3.56 billion—triple what analysts expected, Bloomberg reports. Derivatives were the big culprit, accounting for $3.33 billion in losses, but the company also reported...

SocGen Posts Record $4.9B Q4 Loss

Feb 21, 2008 9:54 AM CST

SocGen Posts Record $4.9B Q4 Loss

Subprime writedowns and fraud drop bank's annual profit 82%

(Newser) - Societe Generale's annual profits plummeted a whopping 82% after a record $4.9 billion fourth quarter loss fueled by subprime woes and the actions of rogue trader Jerome Kerviel, reports Bloomberg. France’s second-largest bank today said net income was 947 million euros, compared to 5.22 billion euros in...

H-P Posts Big Numbers Despite Slowing Market

Feb 19, 2008 8:10 PM CST

H-P Posts Big Numbers Despite Slowing Market

PC and overseas sales boost earnings

(Newser) - Hewlett-Packard thumbed its nose at concerns over falling tech spending today, posting a 38% rise in earnings and 15% revenue jump in its first quarter, the Wall Street Journal reports. The health of the tech giant, boosted by PC and overseas sales, is good news for an industry whose leaders,...

Boardroom Hoax Has Street Abuzz

Feb 16, 2008 7:47 AM CST

Boardroom Hoax Has Street Abuzz

Analyst imposter gets access to top execs and has everyone baffled

(Newser) - Joe Herrick asks wonk-like questions about the impact of lean Six Sigma management techniques, is unfailingly polite and talks the talk of quarterly corporate conference earnings calls, fitting in nicely with the other securities analysts asking questions of the company’s head honchos. The problem is, reports the Wall Street ...

IAC Numbers Plummet;
War for Control Drags On

Feb 7, 2008 12:34 PM CST

IAC Numbers Plummet; War for Control Drags On

Bad quarter adds to Diller v. Malone woes

(Newser) - The headlines being generated from the ongoing battle for control of IAC/InterActiveCorp between John Malone and Barry Diller took a backseat—briefly--yesterday as the company announced horrific fourth quarter numbers, taking a loss of nearly $370 million after being sideswiped by the subprime mortgage meltdown through its ownership of LendingTree,...

Exxon Posts Historic Profits

Feb 1, 2008 8:00 AM CST

Exxon Posts Historic Profits

No US company has ever made more money, quarterly or annually

(Newser) - Exxon Mobil today reported the biggest quarterly and annual profit in US history, the Wall Street Journal reports, as record oil prices propelled net income up 14%, to $11.66 billion, or $2.13 per share. That topped analyst estimates, and investors rushed to the stock in pre-market trading. Annually,...

SEC Delves Deeper Into Execs' Pay

Jan 29, 2008 3:28 PM CST

SEC Delves Deeper Into Execs' Pay

Regulator pushes companies to reveal criteria for measuring performance

(Newser) - The SEC wants companies to tell shareholders how they measure an executive’s performance when calculating pay, but companies are balking, reports the Wall Street Journal. Their reticence has prompted the commission to send out a second wave of letters to some of the 350 companies it originally queried after...

AT&T's 4Q Numbers Bolstered by Cell Sales

Jan 24, 2008 7:53 PM CST

AT&T's 4Q Numbers Bolstered by Cell Sales

Other operations lagging behind

(Newser) - AT&T's quarterly numbers indicate strong wireless sales, the Wall Street Journal reports, though unimpressive figures from its landline and Internet divisions have left some analysts and investors concerned. AT&T enjoyed a quarterly revenue of $3.14 billion—up from $1.94 billion this time last year—bolstered by...

Sun Posts Strong Profits

Jan 24, 2008 6:03 PM CST

Sun Posts Strong Profits

Services pick up the slack from core hardware divisions

(Newser) - Sun Microsystems today reported a profit of $260 million for the quarter ending Dec. 30, MarketWatch reports. Though total revenue was $3.62 billion, Sun’s service and sales were responsible for most of the gains, growing to $1.37 billion from $1.31 billion in the same quarter last...

Microsoft Income Jumps 79%

Jan 24, 2008 5:21 PM CST

Microsoft Income Jumps 79%

Office, Vista, and Xbox behind $4.7B in quarterly revenue

(Newser) - Microsoft topped estimates today, revealing a 79% jump in quarterly profits over the same period last year—and raising targets for the year. On Xbox 360 and Windows sales, the world's largest software maker boasted net income of $4.71 billion for the period ending December 31, up from the...

GE Q4 Profit Climbs 15%;
Stock Rebounds

Jan 18, 2008 1:41 PM CST

GE Q4 Profit Climbs 15%; Stock Rebounds

Globalization, weak dollar drive growth; stock price jumps

(Newser) - GE profits rose 15% in the fourth quarter as overseas demand for jet engines and power turbines more than offset the weakness in the US economy, the company reported today. “They've really been a beneficiary of the whole global growth story,” an analyst told Bloomberg. GE stock was...