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 : 
United Out of Bankruptcy
Author: Elena Todorova
123jump.com
Last Update: 1:46 PM EST February 01 2006

(Continued)

Email article | Print article

Stocks traded mixed as disappointing quarterly results from Google sent the tech sector down and a better-than-expected earnings report from Boeing pushed the blue chips up. At mid-day the Dow climbed 50 points, while the Nasdaq was just below the flat line. Treasury yields steadily advanced after the ISM manufacturing index and government data on construction spending were released. The 10-year yield rose 3.4 basis points to 4.561%.

 
Tribune Co, (TRB: chart), media group, reported that Q4 net income dropped 38% to 43 cents a share on 4.7% revenue decline, missing analysts’ forecasts for earnings of 56 cents a share. Tribune''s profit figures incorporated net charges of 10 cents a share for eliminating 900 positions and closing a printing facility and a net non-operating loss of 4 cents a share.

PepsiAmericas Inc, (PAS: chart), Pepsi bottler, reported that Q4 net income advanced 6.2% to 28 cents a share, up from 25 cents in the year-ago period on 9.9% higher sales, in line with analyst forecasts. Sales advanced to $894.3 million from $814.1 million. In Q4, a number of special items taken together cut 1 cent from per-share earnings.
  1  2  3 More: Market Update Archive

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