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Costco and Maytag 1Q Profit Down
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| EarthLink, Amgen, Halliburton enjoy good results |
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| Dissatisfactory 1Q earnings from consumer-goods companies bolstered the downward movement of stocks Friday. While solid profits from Google Inc. cheered investors, feeble earnings from companies as Maytag and Costco brought back the anxiety over consumers’ spending. |
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Google, profit up six-fold, gains market share
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| 1Q earnigs is close to 2004 entire year earnings and reports 1Q better than AAPL, eBAY and YHOO and trades at $224 |
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| Internet search giant Google’s sound first quarter performance follows other positive reports from Internet companies that primarily count on advertising. Yahoo reported a double 1Q net profit Tuesday. |
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Delta Sees Loss Triple
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| Equifax, PNC Financial Post Profits |
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| The Atlanta-based Delta Air Lines Inc., the nation's third-largest carrier reported 1Q loss nearly tripled to more than $1 billion despite a more than 3 percent rise in revenue on record high fuel prices and huge charges related to job cuts. |
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AT&T's Profit Up but Sales Fall
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| BellSouth and Xerox Earnings Slide |
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| AT&T Corp., the US telecoms group merging with competitor SBC Communications, reported Thursday its 1Q profit jumped despite a revenue decline of $1 billion, as the long-distance telephone company was bolstered by lower depreciation expense, relating to its network. |
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Yahoo's Earnings Jump on Ads
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| Caterpillar's Profit Rises |
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| The internet search engine’s better-than-expected earnings could be thought of as good sign for the health of tech sector. That also brought good news to the company’s rival Google, whose shares rose 4.3%. |
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Ford's Profit Drops
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| J.P. Morgan and Altria Post Strong Profits |
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| The No.2 U.S. automaker Ford Wednesday reported a 38% drop in 1Q earnings on decreasing U.S. sales and surging costs. The company’s earnings soundly outpaced Wall Street forecast but Ford affirmed its previously slashed full-year outlook for earnings of $1.25 to $1.50 a share. |
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Lucent Earnings Rise Four-fold on Demand
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| MGM Mirage and State Street Earnings Up |
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| Telecom equipment maker Lucent Technologies Inc. said Tuesday that 2Q earnings rose four-fold from a year earlier on strong demand for wireless network products. The Murray Hill, New Jersey-based company added it plans to combine its mobility and wireline businesses into one single unit. |
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General Motors Posts 1Q Loss
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| Pfizer and Viacom Net Income Down |
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| The world's largest automaker General Motors posted $1.1 Billion 1Q Loss mainly attributable to lukewarm response to new models and special charges. GM had warned investors in March its 1Q earnings are expected to be below estimates.The company’s U.S. car sales plunged 4%. |
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Philips Posts Low Profit and Revenues
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| Coca-Cola to announce quarterly results tomorrow |
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| The Dutch electronics group Philips Electronics NV on Monday posted a 79% decline in 1Q net profit, citing decreasing prices for flat-panel television displays and weakness in the semiconductor business. |
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Eli Lilly's 1Q Earnings Beat Estimates
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| SunTrust Posts Profit; Bank of America and 3M follow suite |
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| The drugmaker Eli Lilly & Co. on Monday announced its profit jumped in the latest quarter, beating estimates due to strong sales of newer products, but also said that the company’s profit for the second quarter would be below current analysts’ estimates. |
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