ExxonMobil, CVS Fall, Dresser Rand Rises
Jul 31, 12:49 AM ET |
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| ExxonMobil reported second quater earnings that missed analysts estimates. Automatic Data Processing rose on 10% gain in revenues. |
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| Dresser Rand revenue roe 22% and earnings gained 78% as oil fields operator expand drilling operations. Exxon Mobil second quarter revenue rose 40% to $138.1 billion and net income increased 14% to $11.68 billion or $2.22 per share. Helmerich & Payne, Inc, a contract drilling company reported third quarter revenues rose 92% to $522.5 million and net income in the quarter rose 8.13% to $125.4 million or $1.18 per share. |
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Akamai, Las Vegas Sands, MasterCard Fall
Jul 31, 10:04 AM ET |
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| Visa and MasterCard report rising sales and healthy rise in gross dollar volume processing. Starbucks report a loss. |
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| Akamai Technologies second quarter revenue rose 27% to $194 million and earnings surged 59% to $34.3 million or 19 cents per share, however the stock dropped 20%. Las Vegas Sands Corp second quarter revenue surged 81% to $1.11 billion but reported a net loss of $8.8 million or 2 cents per share. MasterCard Inc second quarter reported a loss on one-time after-tax charge of $1 billion related to legal settlement with American Express. |
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Earnings Drive Comcast, Cummins Higher
Jul 30, 12:48 AM ET |
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| Comcast in the second quarter added 320,000 digital cable subscribers, below 823,000 added in the quarter a year ago. |
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| Cummins Inc, a maker of diesel engines reported second quarter earnings rose 37% to $293 million or $1.49 a share and revenue rose 16% to $3.89 billion. Cummins surged as much as 13% on the report. Moodys, rating agency at the center of credit market crisis, seconf quarter revenue fell 25% to $487 million and net income declined 48% to $135 million or 54 cents a share. Comcast Corp, largest cable company, second quarter revenue rose 11% and earnings increased 8%. |
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Reynolds American, Fresenius Rise
Jul 30, 12:25 AM ET |
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| Fresenius Medical surged after revenue and earnings gained. Noble Energy second quarter revenue rose 9% and net loss declined to $144 million. |
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| Dialysis service provider, Fresenius Medical Care second quarter revenue rose 11% to $2.67 billion and net income increased 18% to $211 million and earnings per ADS of 71 cents. Second largest tobacco maker Reynolds American second quarter revenue fell 0.4% and earnings rose 12% to $364 million or $1.24 a share. The global advertising agency the Interpublic Group second quarter revenue rose 10% to $1.84 billion but net income declined 38% to $95.1 million or 17 cents per share. |
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General Cable, CB Richard Fall on Earnings
Jul 30, 12:07 AM ET |
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| General Cable fell 7% after it reported weaker than expected sales gain. CB Richard Ellis, commmercial realtor plunged 20% on earnings fall. |
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| In a sign of continued weakness in residential and commerical consutruction, commercial broker CB Richard Ellis and home builder Centex reported weak results. CBRE earnings fell 88% on revenue decline of 15.4%. Centex revenue fell 41% and loss widened to $150 million in the first quarter. Industrial products maker General Cable Corporation revenue rose 42%, largely on acquisitions and net income incresed 17% to $75.6 million or $1.37 a share. |
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Hartford Financial, McGraw Hill, U.S. Steel Surge
Jul 29, 10:23 AM ET |
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| U.S. Steel surged 10% after earnings rose 55%. McGraw Hill rose 5% after its earnings fell less than expected. Hartford Financial Services added 7%. |
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| U.S. Steel Corp second quarter revenue increased 60% to $6.74 billion and net income increased 55% to $668 million or $5.65 a share. McGraw Hill Companies second quarter revenues fell 2.6% to $1.67 billion and net income declined 23.4% to $212.3 million or 66 cents per share. Group 1 Automotive second quarter revenue fell 7.1% to %1.5 billion and net income declined 31.4% to $18.5 million or 82 cents per share. |
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Sohu.com Falls; Fomex, Aeroportuario Falls
Jul 28, 2:02 PM ET |
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| Sohu.com, the China based media company reported 162% rise in revenue and 85% increase in earnings. Mexican beverage bottler, Fomex income rises 10%. |
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| Sohu.com Inc reported second quarter revenue rise of 162% to $102 million and net income increase of 85% to $40.2 million or $1.02 per share. The revenues rose 20% from the previous quarter on a rise in advertsing and non-advertising revenues. Separately, Fomento Economico Mexico, the beverage company in Mexico second quarter revenue rose 7.7% and net income increased 9.1%. Another Mexico based company, airport operator Grupo Aeropotiario del Pacofico income rose 10.4%. |
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Costco Lowers Outlook, Stocks Struggle
Jul 23, 1:28 PM ET |
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| Fannie Mae and Freddie rebound after the U.S. lawmakers approve capital injection plan. |
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| U.S. stocks struggled in the early afternoon trading. Crude oil futures dropped 1.2% and have lost nearly 15% from its peak of $147 a barrel. Gold fell 2.5%. Costco issued earnings warning, stock droped 12%. Mcdonalds report 4% rise in sales and profit of $1.19 billion compared to a loss of $711 million a year ago. Worldwide comparable sales rose 6.1%. Boeing fell after it reported 19% fall in earnings on flat sales. |
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CH Robinson Drops; Axsys, Illumina Rise
Jul 23, 11:29 AM ET |
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| Illumina and Axsys Tecnologies rose after reported ting better than expected earnings. CH Robinson fell. |
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| Trucking operator, CH Robinson second quarter revenue rose 24% to $2.32 billion and net income increased 10% to $90.4 million. The biotech company Illumina, Inc second quarter revenue rose 66% to $140 million and earning increased 66% to $15.4 million or 23 cents per share. Oil andgas drilling company Nabor Industries second quarter revenue rose 11% to $1.28 billion and net income increased 15% to $194 million. |
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Wachovia Cuts Dividend, Jobs on Quarterly Loss
Jul 22, 1:48 PM ET |
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| Wachovia Corp stock rose 6% after it reported higher credit costs and a large loss in mortgage asset portfolio. Wachovia lowers dividend by 87%. |
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| Wachovia Corp reported second quarter revenue decline of 13.8% to $7.5 billion and turned a loss of $4.20 per share or $8.9 billion compared to profit of $2.3 billion or $1.22 per share. The bank eliminated 6,400 jobs, cut its dividend by 87% and exit from the wholesale mortgage origination business entirely. The ill-timed purchase of varibale rate mortgage lender Golden West for $25.5 billion, less than two years ago continue to haunt Wachovia. |
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