Schlumberger Rises; Satyam, Wipro Fall
Jul 18, 12:00 AM ET |
|
| Schlumberger rose 4% after it reported second quarter earnings increase of 13%. LaBranche revenue fell 59%. |
|
| Satyam Computer Services first quarter net income increased 45% and Wipro Limited revenue in the first quarter rose 43% and earnings increased 13%. Satyam and Wipro fell after the earnings release, as both comanies issued cautious outolook. Oil field service provider, Schlumberger rose 4% after second quarter revenue rose 8% to $6.75 billion and earnings increased 13% to $1.42 billion. Closeout retailer Overstock.com fell on smaller loss than a year ago. |
|
|
Full Story... |
Wells Fargo Surges on Earnings, Dividend
Jul 16, 12:22 PM EDT |
|
| Wells Fargo increased its quarterly dividend 10% to 34 cents per share on optimistic outlook. |
|
| Wells Fargo, bucked the trend of falling revenues and rising earnings at most banks. Second quarter reveue rose 16% to $11.5 billion but net income declined to $1.75 billion or 53 cents per share compared to $2.28 billion of 67 cents per share. Total mortgage portfolio at the end of the quarter rose 7% to $1.6 trillion. The bank set aside $3 billion to cover loan losses. At the end of the quarter Tier 1 capital ratio increased 32 basis points to 8.24%. |
|
|
Full Story... |
AMR and Delta Post Losses
Jul 16, 1:59 PM EDT |
|
| Rising fuel bill, cost of grounding airplanes and reducing staff turned latest quarter at Delta and American into a loss. |
|
| Two of the three largest U.S. airlines reported sharply higher losses in the latest quarter on rising fuel bill and mounting charges of reducing staff and grounding airplanes. AMR, the parent of American Air reported second quarter loss fo $1.45 billion as revenue rose 5.1% to $6.18 billion. Fuel bill jumped by $838 million from a year ago quarter. Separately, Delta Air Lines reported second quarter loss of $1.04 billion on revenue rise of 10% to $5.5 billion. |
|
|
Full Story... |
Infosys Falls on Conservative Outlook
Jul 14, 7:07 PM EDT |
|
| Infosys estimated revenue in the second quarter to rise 19% in the U.S. dollar or increase 28% in Indian rupee. |
|
| Infosys, the second largest software service provider from India fell after it issued a conservative revenue and earnings guidance. For the first quarter ending in June, the company revenue increased 24% to $1.16 billion and net income increased 16% to $306 million or 54 cents per share. In the quarter, the company added 49 new clients with a total of 567 active clients at the end of the period. The company added net of 3,192 people with total emloyees of 94,379. |
|
|
Full Story... |
Infrastructure Drives GE Earnings
Jul 11, 5:19 PM EDT |
|
| General Electric guided third quarter earnings between 50 cents and 54 cents and for the year between $2.20 and $2.30 per share. |
|
| General Electric, one of the largest conglomerates in the world reported second quarter revenue rise of 11% to $46.9 billion but net income declined 6% to $5.07 billion or 51 cents per share. The infrastructure division that sells gas turbines, locomotives and aircraft engines continue to drive earnings, as it has for the last eight quarters. GE Money Japan is sold to Shinsei bank for $4.5 billion. |
|
|
Full Story... |
Shaw Group Rises; Marriott, Chattem Fall
Jul 10, 5:37 PM EDT |
|
| Shaw Group surges after it reported third quarter revenue rise of 14% and earnings decline marginally. Marriott earnings drop sharply. |
|
| Shaw Group third quarter revenue rose 14% to $1.8 billion but net income declined 0.4% to $53.9 million. Earnings per share fell to 64 cents from 66 cents a year ago. Consumer products company Chattem Inc revenue rose 3% to $116.7 million and net income rose 39% to $20.7 million. Earnings per share increased to $1.06 from 77 cents a year ago. Hotel chain operator Marriott second quarter revenue rose 2% to $3.19 billion and net income fell 24% to $157 million. |
|
|
Full Story... |
Persimmon First Half Sales Drop 34%
Jul 07, 1:02 PM EDT |
|
| First half sales slumped 34% to £1 billion from a year ago, as the downturn in the housing market worsened. |
|
| The building company reported that completions of house sales fell 31% to 5,501 in the six months to June 30. Average prices for completed homes fell 4.1% to £181,500 compared to £189,255 in the corresponding period in 2007. Second quarter order book at £650 million was 30% lower that the comparable period in 2007. For the first half, Persimmon forecast that underlying operating margin before goodwill impairment and exceptional costs will fall to 14% from 20.8% a year earlier. |
|
|
Full Story... |
Peugeot Sees West Europe Market Shrink
Jul 07, 12:45 PM EDT |
|
| Sales rose 4.6% to 1.845 million in the six months to June 30 from 1.764 million a year earlier on strong demand in Eastern Europe and Latin America. |
|
| Europe''s second biggest carmaker after Volkswagen backed its global sales growth target of 5% for 2008 as demand for new models increased in Russia, Brazil and Argentina. Peugeot Citroen produced 1,080,000 Peugeot type vehicles and 765,000 Citroen vehicles in the first half of the year. Sales dropped 3.5% in Western Europe to 1.230 million units split between 659,000 Peugeot and 572,000 Citroen. |
|
|
Full Story... |
Apollo Group, Family Dollar Rise
Jul 03, 1:32 AM EDT |
|
| Apollo Group reported better than expected earnings and sales growth. Family Dollar net income rose 7% on 2% rise in sales. |
|
| Apollo Group reported third quarter revenue rose 14% to $835 million and net income increased 5% to $139.1 million from a year ago. The University of Phoenix, an online educations services provider said instruction cost and services fell to 41.6% from 43.8% from a year ago. Separately general merchandise retailer, Family Dollar reported sales increase of 2.9% to $1.702 billion and net income increased 7% to $64.7 million. |
|
|
Full Story... |
| |
1
 |
| |
|
|
