BJ Earnings Falls 33%
Apr 22, 10:39 PM EDT |
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| BJ Services earnigs decline on lower operating margins and smaller rise in revenues. |
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| BJ Services, provider of pressure pumping for oil fields reported second quarter revenue rise of 8% to $1.28 billion, earnings decline of 33% to 43 cents per share or $127.3 million. Price pressures in the North America in January contracts affected the earnings. Revenue in Canada rose 14% and international segment rose 3%. |
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AT&T Revenue Up 6%, Earnings Rise 21%
Apr 22, 9:23 PM EDT |
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| AT&T reported average revenue per subscriber rose 2% and monthly churn rate was stable at 1.7%. |
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| AT&T first quarter revenue rose 6.1% to $30.7 billion and earnings surged 21.5% to $3.46 billion or 57 cents per share from 45 cents. Wireless service revenues in the quarter, which exclude handset and accessory sales, grew 17.1% to $10.6 billion. Wireless data revenue surged 57% to $2.3 billion and totaled 21.5% of the revenue. AT&T ended the quarter with a total of 71.4 million subscribers, an increase of 1.3 million from a year ago. |
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United Air Plunges 37%
Apr 22, 8:35 PM EDT |
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| UAL, the parent of United Airlines reported 51% rise in fuel cost and 16% rise in cost per availabale seat mile. |
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| UAL, the parent of United Air Lines plunged 37% after it reported revenue rise from a year ago of 7.7% to $4.7 billion and earnings and a loss of $537 million or $4.45 per share. The airline reported fuel cost surged by $618 million. The company plans to lower its domestic capacity by 7% and increase capacity in international market by 5%. Fuel cost in the quarter jumped 51% to $1.58 billion. |
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Shaky Outlook Hits Nokia Stock
Apr 18, 3:33 PM EDT |
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| Nokia exceeded earnings estimates, but its stock was hit by shrinking market share and disappointing outlook. |
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| The mobile-phone giant reported earnings of 1.22 billion euros, or 32 euro cents a share, up 24.8% from a year ago. Excluding one-time items, Nokia earned 38 euro cents a share, 2 cents better than estimates. Sales for the quarter were 12.66 billion euros, up 28.4% from a year ago. Nokia expects the mobile-device market to shrink in euro terms in 2008 vs. last year hurt by the weakening dollar and the economic slowdown in the U.S. and in Europe. |
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Gannett Earnings Fall 9%
Apr 21, 12:34 PM EDT |
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| Gannett continues to face a declining revenue and earnings as advertisers and readers migrate to the Internet. |
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| Gannett Co, Inc., news publisher reported revenues for the first quarter 2008 fell 8.4% to $1.68 billion from $1.83 billion a year ago. First Quarter 2008 net incomes decreased 8.9% to $191.8 million or 84 cents a share compared with $210.6 million or 90 cents a share for the quarter of 2007. Advertising in March proved particulary challenging in the quarter. |
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Arch Coal Earnings Surge 187%
Apr 21, 12:22 PM EDT |
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| Arch Coal benefited from the rising coal prices and a sustained demand from electric utilities. |
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| Rising coal volume and prices helped Arch Coal to report 187% rise in earnings. Revenue in the quarter rose 22% from a year ago to $699 million. First quarter net income rose to $81 million or 56 cents per share compared to $28.7 million or 20 cents per share. Consolidated operating margins expanded by 15% from a year ago. |
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Honeywell Surges, Xerox Struggles
Apr 18, 5:35 PM EDT |
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| Honeywell earnings surged on the strength in orders from aviation and defense industries. Xerox after-sales revenue jumps to 70% of total revenue. |
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| Honeywell International Inc stock added 6% after it announced first quarter 2008 sales increase of 11% to $8.9 billion from $8.0 billion in 2007. Earnings in the quarter were up 30% to $643 million or $0.85 per diluted share compared to $526 million or $0.66 per diluted share for the same quarter of 2007. Xerox Corporation stock added 3% after it reported total revenue increased 13% to $4.3 billion with post-sale revenue rise of 11%. |
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Google Surges 12% on 30% Earnings Rise
Apr 17, 5:21 PM EDT |
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| Google earnings rise on on improved international sales. Google web sites generated 66% of revenue up from 62% a year ago. |
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| Google reported first quarter earnings of $1.3 billion or $4.12 per share compared to $1 billion or $3.18 per share. The revenue, after the traffic acquisition costs surged 46% to $3.7 billion. Gross revenue rose 42%. International revenue rose 51% of total gross revenue from 47% in the previous year and 48% in the fourth quarter of 2007. |
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eBay Earnings Up on Weak Dollar, Price Hikes
Apr 16, 5:20 PM EDT |
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| eBay earnings increased on higher listing volume and listing prices and weak dollar. International revenue is 55% of total. |
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| eBay reported first quarter revenue rise of 24% to $2.19 billion and earnings increase of 22% to $460 million. Earnings per share in the quarter increased to 34 cents from 27 cents a year ago. In the quarter the company repurchased 37 million outstanding shares at $1 billion. In the second quarter the company estimates earnings between 30 cents and 32 cents per share. |
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JP Morgan Earnings Plunge 50%
Apr 16, 4:36 PM EDT |
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| JP Morgan first quarter earnings fell sharply as home equity loans, leveraged loans and subprime loan loss accumulate. |
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| JP Morgan reported net income declined to $2.4 billion or 68 cents per share compared to $4.8 billion or $1.34 a share a year ago. Sharp losses in mortgage securities, home equity loans and leveraged loans affected the earnings. In the quarter, the bank took $2.5 billion charge of which $1.1 billion is related to home equity loans. The bank also received $1.5 billion in the stake sale of credit card processor Visa through initial public offering. |
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