MasterCard Earings Jump 63%, Stock Up $20
Oct 31, 10:52 AM EDT |
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| MasterCard stock jumped $20 after it reported a sharp rise in earnings and revenue on international growth and weak dollar. |
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| MasterCard enjoyed a sharp rise in earnings of 63% on revenue gain of 20%. International growth and weak dollar helped MasterCard to lift earnings above the estimate of most analysts. In local currencies, purchasing volume growth was led by 29% increase in South Asia, Middle East, and Africa, followed by increases in 23.9% in Latin America, in Asia Pacific of 22.2%, in Europe 16%, in Canada of 14%, and 9.4% in the U.S. MasterCard also increased its stock buyback plan. |
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Office Depot, Kellogg, Verizon Drop on Earnings
Oct 29, 3:12 PM EDT |
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| Office Depot declined 16% after delaying its earnings report. Kellogg and Verizon fell a fraction. |
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| Office Depot fell after delaying its quarterly earnings report scheduled for release tomorrow. The company said that its independent audit committee is reviewing the recognition of supplier discount and earnnings for the past several quarters. Kellogg reported earnings rise of 9% on sales gain of 6%. Verizon third quarter revenue increased 6% to $23.8 billion and operating income increased 19% to $4.2 billion. |
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Microsoft Surges 10% on Earnings
Oct 26, 12:12 PM EDT |
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| Microsft stock surged 10% in the morning trading on better than expected earnings and rising sales across various product lines. |
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| Microsoft reported 27% increase in third quarter revenue to $13.76 billion and 24% increase in earnigs to $4.28 billion. the strongest quarterly growth in eight years was driven by Windows Vista, Halo 3, Office, and Server software. The video game Halo 3 logged nearly $300 million in revenue in the first month of its launch. Microsoft Online services revenue increased 25% but losses doubled to $264 million. |
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Sony, Honda Earnings Rise
Oct 25, 10:05 PM EDT |
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| Sony closed 5% higher in New York trading after the earnings news and Honda increased 0.9%. |
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| Sony reported earnings jumped more than 100% to $3.7 billion yen on 12% increase in sales. Net income increased on higher sales of digital cameras, flat panel television sets, and PlayStation 3 game consoles. Honda Motor Corporation reported second quarter profit increase of 63% and projected revenue increase 11% in the fiscal year enfing March 2008. |
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McDonalds Earnings Up 27%
Oct 23, 10:51 PM EDT |
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| McDonalds third quarter earnigs increased on higher sales in Europe and Asia. |
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| McDonalds third quarter sales increased 7% and earnings rose 27%. Sales at company owned locations increased 5% to $4.27 billion in the quarter and gained 12% to $1.62 billion at frachisee locations. Earnings per share increased 31% to 89 cents on higher sales in international locations. Same store sales in Asia jumped nearly 12% and at all international locations rose 6.9%. At the end of August, U.S. same store sales increased 5% and 11.2% across the system. |
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Amazon Sales, Earnings Surge
Oct 23, 5:35 PM EDT |
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| Amazon declined and lost the gain of $10 in the regular trading hours. |
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| Amazon.com, onlline retailer reported third quarter sales increase of 41% and earnings rise of 313%. International sales increased 40% and sales in the U.S. and Canada increased 40%. Amazon sold 2.5 million copies of the latest rlease of Harry Potter book. For the fourth quarter the company estimates sales between $5.1 and $5.45 billion. |
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Apple Earnings Rise 67%
Oct 22, 4:45 PM EDT |
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| Apple earnings nearly doubled in the fourth quarter from a year ago on steady sales of iPod and iPhone devices. |
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| Apple reported earnings per share of $1.01 compared to 62 cents a year ago on revenue increase of 29%. Earnings rise of 67% was sharply higher than estimated by the analysts. Average earnings estimate for the quaarter was around 88 cents per share. Apple sold 10.2 million iPods representing 17% unit growth from a year ago. In the quarter the company sold 1.12 million iPhone units. The company guided earnings estimate of $1.42 in the next quarter on the revenue of $9.2 billion. |
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Capterpillar Lowers Earnings Outlook
Oct 19, 11:11 AM EDT |
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| Caterpillar dropped after it lowered earnings outlook. International sales are likely to reach 25% of the total 2007 sales. |
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| Caterpillar reporteed third quarter revenue of $11.44 billion and earnings of $927 millin and earnings per share of $1.40. Outlook for the year 2007 was lowered between $5.20 and and $5.30 from a range of $5.30 and $5.80. The decline in domestic sales are likely to offset by the strength in the international markets. Caterpillar fell 3% in the morning trading. |
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Google Earnings Soar 46%; AMD and SanDisk Fall
Oct 18, 6:09 PM EDT |
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| Google beat the expectations of investors and scaled higher in the after-market hours near $650. |
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| Google earnings increase 46% on revenue rise of 57%. The revenue in the quarter jumped to $4.23 billion and earnings rose to $1.07 billion. Google jumped $6.14 in the regular trading hours to $639 and jumped another $8 in the after-market hours to $647. Other tech companies, Advanced Micro Devices reported a loss and sanDisk reported lower than expcted earnings. |
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United Technologies Drops on Earnings
Oct 17, 10:15 PM EDT |
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| United Technologies estimated earnings rise for 2008 between 10% and 14%. Third quarter earnings increased 20%. |
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| United Technologies third quarter sales increased 14% and earnings rose 20% on double digit sales increase in five of the six business units. Residential market driven Carrier unit reported operating profit declined 2.5% to $420 million on 2.7% rise in revenue. Earnings per share in the quarter increased to $1.21 from 99 cents a year ago. Earnings increased 20% to $1.20 billion on the revenue rise of 14% to $13.9 billion. |
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