Ternium ,TNS Rise; Vulcan, Weight Watchers Fell
May 06, 12:02 PM EDT |
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| Ternium, steel maker reported rising sales and earnings as global steel prices continue to rise. |
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| Ternium, steel maker reported first quarter sales rise of 7% to $2.4 billion and earnings doubled to $422 million or earnings per share increased to $2.11. Ternium stock added 3%. TNS, data communication company reported first quarter revenue rose 15% to $84 million and earnings was $1.6 million compared to a loss of $3.2 million. TNS stock surged 10%. Vulcan Materials fell after sales in the first fell 22% to $772 million. |
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Anadarko and DivX Surge
May 06, 11:25 AM EDT |
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| Anadarko and DivX surged after they reported better than expected earnings. LookSmart swung to a loss on revenue gains. |
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| Andarko Petroleum surged after it reported net income increased 20% to $286 million and earnings per share rose 22% to 61 cents. Brazilian home builder Gafisa SA reported revenue rose 42% to R319 million and net income of R41.6 million. The diverisfied builder fell 7% in the New York trading. LookSmart, online portal and search service provider rose after revenue increased 47% to $17.5 million and loss of $0.5 million. |
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White Mountain, Tidewater and Nam Tai Fell
May 05, 2:29 PM EDT |
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| Citizens Communications fell 9% after it reported sharply lower income of 14 cents compare to 21 cents a year ago on revenue gain of 2%. |
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| Alpha Natural Resources, Continental Resources and Whiting Petroleum rose after the release of earnings. The rising prices of coal, natural gas and crude oil lifted earnngs. Tidewater, an offshore supplier of marine services reported revenue rise of 13% but earnings fell. Net income slipped to $85.4 million compared to $87.6 million. Nam Tai, electronics manufacturing services provider fell after revenue fell 23%. |
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Whiting Petroleum Earnings Surge
May 05, 11:59 AM EDT |
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| Whiting Petroleum increases capital spending plan for the year by $100 million to $740 million. |
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| Whiting Petroleum Corporation an independent oil and gas company today reported record first quarter 2008 revenue of $286.73 million compared with $159.72 million for the same quarter of 2007. Earnings in the quarter rose to $62.3 million form 10.7 million a year ago and earnings per share increased to $1.47 from $0.29 cents. |
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Alpha Natural Resources Earnings Soar
May 05, 11:31 AM EDT |
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| Alpha Natural Resources earnings surged on rising thermal coal sales and a surge in coal prices. |
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| Alpha Natural Resources reported first quarter revenue rise of 20% to $517 million. In the quarter earnings increased to $25.5 million from $8.3 million and earnings per share rose to 39 cents from 13 cents. Alpha Natural stock rose 8%. Coal margin per ton in the quarter rose 22% to $12.52 on 42% of sales included high priced metallurgical coal. Coal sales volume rose to 6.9 million from 6.6 million tons a year ago. |
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Dolby Rises, Monster, BankRate Fall
May 02, 4:36 PM EDT |
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| Monster Worldwide net income declined to $22.6 million from $39.5 million a year ago. |
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| Bankrate.com, the online financial information portal reported revenue surged 91% to 42.5 million and earnings rose 27% to $6.8 million. The banana distributor Chiquita Brands revenue in the first quarter rose 7% to $1.3 billion and net income was $31.7 million compared to a loss of $3.4 million in the quarter a year ago. Dolby Labs, the surround sound technology licensor reported revenue jumped 34% to $172 million and net income increased to $39.1 million. MetLife net income fell. |
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CVS, Wyndham and CenturyTel Rise
May 01, 5:24 AM EDT |
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| Wyndham Worldwide revenue rose 2.7% to $1.01 billion and earnings fell to 50% to $42 million. |
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| The drug store retailer, CVS Caremark reported first quarter revenue rose 60% to $21.3 billion and earnings rose 83% to $748.5 million. Rural telecommunication provider CenturyTel reported revenue rise of 8% to $648 million and earnings gain of 11% to $86 million. Online travel agency Expedia reported revenue rise of 25% to $687.8 million and earnings gain of 17% to $51.3 million. |
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Earnings: Akamai, Las Vegas Sands, Centex
May 01, 12:08 PM EDT |
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| Mortons reported 6% rise in revenue and same store sales increase of 0.7%. National OilWell quarterly revenue rose 24% and earnings rose 42%. |
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| Centex revenue declined 36% in the fourth quarter and loss rose to $908 million or $7.34 per share. Las Vegas Sands, operator of casinos in Las Vegas and China earnings declined to $23.6 million from $114.6 million or earnings per share fell to 7 cents from 32 cents. Online market place for commercial real estate operator, LoopNet reported earnings per share of 12 cents compared to 11 cents a year ago. Akamai earnings per share doubled to 20 cents from 11 cents a year ago. |
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Bank of China Profit Soars 85%
May 01, 10:47 AM EDT |
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| Quarterly net interest income rose 18.74% from a year ago to Rmb40 billion as domestic fees and commission income grew by 115.58% year-on-year. |
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| Bank of China, the nation''s third-largest bank, said that first-quarter profit increased as loan growth countered losses tied to U.S. subprime mortgages. Net fee and commission income grew by 82.93% from a year ago to Rmb9.454 billion, driving the net interest income up by 18.74%. Domestic fee and commission income in the period rose by 115.58% from a year earlier. The Bank cut holdings of subprime-related securities to $4.4 billion in March from $4.99 billion at the end of last quarter. |
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Deutsche Bank Posts a Loss of 141 million
May 01, 10:07 AM EDT |
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| Quarterly pretax loss was 254 million on markdowns of 2.7 billion for leveraged loans, loan commitments, and residential mortgage backed securities. |
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| Germanys biggest bank Deutsche Bank recorded a loss for the first time in five years The bank reported a loss of 141 million (or $220 million) in the latest quarter, compared to a profit of 2.1 billion a year ago. Pretax earnings declined to a loss of 254 million versus a 3.2 billion profit in 2007. The management explained that Deutsche Bank had been forced to write down 2.7 billion in the value of assets. |
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