Porsche Sales Rise 0.7%
Jun 28, 3:31 PM EDT |
|
| Porsche’s 10-month sales rose 0.7% from a year ago to 6.02 billion euros helped by growing sales of Cayenne sport-utility vehicles. |
|
| Porsche said that profits for the quarter were flat, while volumes jumped 3.1% to 82,025 vehicles. Earnings contributions from helped offset lower results at the company’s traditional sports car business. In the first 10 months of the year, Porsche’s 911 and Boxster/Cayman models lost 14.9% to 26,614 cars and 20.4% to 18,149, respectively. Cayenne deliveries gained 46.5% to 37,258 SUVs. |
|
|
Full Story... |
Oracle Fourth Quarter Profit Jumps 27%
Jun 28, 12:09 PM EDT |
|
| Software licenses, updates and product support sales drove profits higher, but quarterly results missed estimates. |
|
| Oracle earned $2.04 billion, or 39 cents per share, in the three months ending in May, up 27% from $1.6 billion or 31 cents per share a year ago. Revenue came in at $7.24 billion, up 24% from $5.83 billion last year. New software licenses in the quarter were up 27%. Oracle has spent about $35 billion during the past three years buying up smaller competitors in order to challenge Germany-based SAP in business applications software. |
|
|
Full Story... |
Research in Motion Outlook Disappoints
Jun 27, 11:44 AM EDT |
|
| Quarterly profit more than doubled to 84 cents per share, but missed estimates. |
|
| Revenue doubled to $2.24 billion in the three months ended May 31, from $1.08 billion a year ago thanks to strong device sales. The company guided second-quarter profit to between 84 cents and 89 cents per share disappointing analysts and, as a result, shares of Research in Motion tumbled at market open Thursday after having gained more than 25% since the start of the year. |
|
|
Full Story... |
Nike’s International Sales Lift Profits
Jun 28, 11:36 AM EDT |
|
| Nike jumped in its fiscal fourth quarter beating estimates with a 14% increase in earnings amid growing international sales. |
|
| Footwear and apparel giant Nike posted an increase in fourth-quarter earnings as revenues jumped 16% thanks to solid overseas sales and favorable currency exchange rates. In the last one year Nike traded as high as $70.60 in June 2008 and as low as $51.50 in June 2007. Based on yesterday’s closing price the company has a market cap of $29.72 billion. The company repurchased about 4.45 million shares for around $290 million, during the quarter. |
|
|
Full Story... |
Lennar Revenues Fall 61%
Jun 27, 2:45 AM EDT |
|
| The second largest home builder reported a decline of home sales and fall in home prices as customers across the nation cancel orders. |
|
| Lennar, the second largest home builder reported second quarter revenue fall of 61% and loss that narrowed in the quarter. The home builder sold nearly 60% fewer homes and at 8% lower prices. New homes sales declined 45% to 4,396 and cancellation rate was 22%. The backlog value declined 56% to $1.25 billion. Lennar does not see any improvement in the business in the near term. |
|
|
Full Story... |
American Greetings, General Mills Fall
Jun 25, 7:05 PM EDT |
|
| American Greetings plunges after its earnings fell sharply. Darden Restaurants revenue rose 25% after it reported a profit. |
|
| General Mills fourth quarter sales rose 13% to $3.47 billion and earnings dropped 17.4% to $185 million. Monsanto Company third quaarter sales rose 26% and net income increased 42% to $811 million and company raised earnings guidance by a fraction. AaeroViroment, Inc stock rose after it reported earnings rose to $21.4 million. American Greetings dropped 14% after its earnings plunged 56%. |
|
|
Full Story... |
North American Up 5%, Walgreen Revenue Up
Jun 23, 11:52 PM EDT |
|
| North American Energy Partners, the heavy pipe manufacturer for crude oil industry reported earnings surge of 94%. Walgreen earnings rose 2%. |
|
| Walgreen Company reported third quarter sales rise of 10% to $15 billion from a year ago and net income increased 2% to $572 million or 58 cents per share. The same store sales rose 3.4% and at the front-end comparable sales rose 4.6%. Separately heavy pipe manufacturer for oil exploration industry, North American Energy Partners fourth quarter revenues increased 58% to $323.6 million from $205.4 million a year ago. Net income in the quarter increased 94% to $22.7 million or 63 cents per share. |
|
|
Full Story... |
Coventry Plunges 23% on Earnings Warning
Jun 19, 11:53 AM EDT |
|
| United Health Group and WellPoint fell after the earnings warnings from Coventry. |
|
| Coventry Health Care declined 23% after it lowered earnings for the quarter and for the rest of the year on higher than expected medical costs. Coventry is the latest of three health insurers to lower guidance after WellPoint and UniteHealth lowered their outlook earlier. The health care insurance sector has seen stocks decline in the last three months as invstors expect more revisions in the coming quarters. |
|
|
Full Story... |
Carnival Reports Flat Earnings
Jun 19, 1:19 PM EDT |
|
| Carnival reported flat second quarter earnings as oil prices rise and revenues increase 14.7% from a year ago. |
|
| Carnival Corporation fell in the morning trading after it reported flat earnings of $390 million in the second quarter or 49 cents per share on reveue rise of 14.7% to $3.4 billion. fuel price in the quarter increased 59% to $530 per ton from $333 a ton in the first quarter. The cruise company is shifting more of its business in Europe where it prices its tour packages in euros and to Asia where the demand is stronger. |
|
|
Full Story... |
Morgan Stanley Profit Falls 61%
Jun 18, 1:10 AM EDT |
|
| Earnings plunged 61% to $1.03 billion from $2.36 billion a year earlier. Earnings fell to 95 cents per share from $2.45 per share in 2007. |
|
| Morgan Stanley reported that second quarter revenue declined 38% to $6.5 billion from $10.5 billion the year before on lower turnover from asset management and investment banking. The investment bank said revenue dropped in almost every unit and gains of $1.43 billion helped to offset losses related to subprime loans. |
|
|
Full Story... |
|
|
1
