Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
Market Update : 
Strong Earnings Boost Market
Author: Elena Todorova
123jump.com
Last Update: 10:03 AM EDT July 18 2006


(Continued)

Email article | Print article

Stocks showed a strong upward move at the start of trading as stronger-than-expected earnings from major companies offset worries about Mideast fighting, rising oil and growing inflation. United Technologies, industrial company, reported Q2 earnings rise to $1.1 billion or $1.09 a share, from $971 million, or 95 cents a share a year ago. The company boosted its 2006 earnings and revenue outlook.

 
European stocks slightly advanced at mid-day trading, benefiting from improved guidance at Heineken, which helped offset some losses amid the ongoing Mideast fighting. The shares of the brewer rose 3.3% in Amsterdam after the company lifted its 2006 profit outlook. Among declining stocks, a notable loser was the French IT services group Atos Origin, which dropped 16.7% on revenue warning for the full year. U.K. online gaming stocks sharply dropped for a second straight session, with Party Gaming down 6.8%, and Sportingbet slipping 21.2%. A downbeat update from peer Empire Online also added pressure, with the stock falling 8%. The German DAX 30 added 0.2%, the French CAC 400 advanced 0.2%, while London FTSE 100 added a fraction of a percentage point at 5,701.
  1  2 More: Market Update Archive

 



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