Established 1999
 
8,000 companies from
USA,Canada and India.
 
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
Schwab Earnings Rise But Stock Falls
Author: Elena Todorova
123jump.com
Last Update: 10:06 AM EST January 18 2006


(Continued)

Email article | Print article

Asian-Pacific benchmarks closed deeply in the red on heavy selling pressure. The Nikkei tumbled 2.94% to 15,314.18, South Korean Kospi shed 2.64%, and Taiwan''s Weighted index fell 3.16%. European stocks were also weak on disappointing sales from Intel and rising oil. The German DAX 30 and the French CAC 40 dropped 1.5% each. Charles Schwab reported tripled Q4 earnings rise of 14 cents a share vs. 4 cents a year ago on 11% revenue growth, matching estimates.

 
Southwest Airlines, (LUV: chart), airline company, reported that Q4 net income advanced to 10 cents a share, up 53.6% from the year-ago period. If not for the effects of unsettled derivatives transactions, net income rose 44% to 12 cents a share. Operating revenue for the quarter increased 20.1%. The company missed analysts’ expectations for earnings of 13 cents a share.

State Street Corp, (STT: chart), provider of products and services for global investors, reported Q4 net income of 74 cents a share, up 35% from 55 cents a share in the year-ago period on revenue growth, beating analyst estimate by a penny. Return on stockholders'' equity from continuing operations was 15.9% in Q4, up from 11.9%.

Ethan Allen Interiors Inc., (ETH: chart), home furnishings retailer, reported that Q2 profit increased to 77 cents a share, up from 63 cents in the year-ago period. Sales for Q2 rose to $276 million from $245.3 million in last year''s Q2.
  1  2 More: Market Update Archive

 


 

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

© 1999-2008 123jump.com. All rights reserved