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Earnings reported - After the Close of the U.S. markets[/R]
American Express (
AXP: chart) reported third quarter earnings from continuing operations increased 15% to $1.067 billion compared to $934 million a year ago on revenue increase of 11%. Earnings per share increased 18% to 90 cents from 76 cents a year ago. The company sold its international banking subsidiary, American Express Bank Ltd to Standard Chartered Bank. Net income including the discontinued operations rose to $1.2 billion from $967 million a year ago or earnings per share increased to 90 cents from 79 cents a year ago or increase of 14%.
Netflix (
NFLX: chart) reported earnings of $15.7 million compared to $12.8 million from a year ago or earnings per share increased to 23 cents compared to 18 cents. The total number of subscribers to the service increased 24% to 7 million. The company raised its earnings guidance for the fourth quarter from a range of loss to of a penny to 6 cents peer share profit to earnings between 9 cents and 16 cents.
Texas Instruments (
TXN: chart) reported earnings from continuing operations increased to 52 cents from 45 cents or to $758 million from $686 million on revenue decline to $3.66 billion from $3.76 billion. The company guided earnings for the fourth quarter between $3.4 billion and $3.68 billion and earnings of 48 cents to 54 cents.
Pactiv Corp (
PTV: chart) reported third quarter earnings decline of $59 million from $102 million a year ago on revenue rise of 16% to $872 million. Earnings per share were 45 cents compared to 73 cents in the prior year which included 35 cents of tax adjustment and foreign exchange gains. Pactiv stocks fell $2.00 to $26.87 in the after-market trading.
Canadian National Railway (
CNI: chart) reported third quarter earnings of C$485 million compared to C$497 million from a year ago. The company earnings per share fell to 96 Canadian cents from 94 Canadian cents on the revenue of C$2.02 billion from C$2.03 billion a year ago.
Apple (
AAPL: chart) reported financial results after the market close its fiscal 2007 fourth quarter ended September 29, 2007.
The Company posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share. These results compare to revenue of $4.84 billion and net quarterly profit of $542 million, or $.62 per diluted share, in the year-ago quarter.
Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter''s revenue.
Apple shipped 2,164,000 Macintosh computers, representing 34 percent growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. The Company sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter.
Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.
In the first fiscal quarter 2008, which includes the holiday season, Apple guided revenue of $9.2 billion and earnings per share of $1.42. In the after-market trading Apple stock jumped $8.00 to $182.36.