corporate earnings

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Halliburton Earnings Shoot Up 54%

Oil giant credits strong demand

(Newser) - Halliburton says the expansion of oil and natural gas drilling in North America helped boost company earnings by nearly 54% in the second quarter. Revenue also hit a company record for the period. The Houston oil services giant reported earnings of $739 million, or 80 cents per share today, with...

Facebook Posts Killer Earnings: Report

IPO speculation heats up as word leaks that earnings could hit $2B

(Newser) - Speculation about a Facebook IPO heated up today, after sources who have seen the company's recent financials told the Wall Street Journal that its earnings were a lot better than expected. The company is now on pace to earn more than $2 billion this year before taxes, interest, depreciation,...

Exxon Scores $11B in Profits
 Exxon Scores $11B in Profits 
Apr 28, 2011 10:37 AM CDT

Exxon Scores $11B in Profits

It's oil giant's best quarter since 2008

(Newser) - Gas prices are soaring, and so are Exxon Mobil's profits. The oil giant raked in $10.65 billion in profits in the first quarter of 2011, its best performance since the gas price spike of 2008. The $2.14-per-share profit well exceeded analysts' $2.04 estimates, the AP reports....

Apple Earnings Nearly Double
 Apple Earnings Nearly Double 
Apr 20, 2011 4:42 PM CDT

Apple Earnings Nearly Double

Even if iPad sales didn't meet expectations

(Newser) - Apple today reported another exceptional quarter, nearly doubling its net income and far exceeding analyst estimates on the strength of the seemingly unstoppable iPhone. However, sales of Apple's big new product, the iPad tablet computer, came in below expectations. The second version of the tablet launched three weeks before...

Chrysler Only Lost $199M This Quarter
 Chrysler Only Lost 
 $199M This Quarter 
Good news!
Jan 31, 2011 7:07 AM CST

Chrysler Only Lost $199M This Quarter

Expects to be profitable next year

(Newser) - Chrysler lost $199 million in the fourth quarter, but that qualified as good news for the beleaguered automaker—after all, it lost a whopping $2.7 billion over the same period in 2009, the AP reports. The company says it expects to jump to profitability in 2011, setting the stage...

GM Earns $2B in Q3
 GM Earns $2B in Q3 
Nov 10, 2010 10:33 AM CST

GM Earns $2B in Q3

Biggest quarterly profit in more than a decade

(Newser) - General Motors has reported a $2 billion third-quarter profit, its biggest quarterly report in 11 years. The figure shows that GM doesn’t need to sell big to earn big anymore, writes Nick Bunkley in the New York Times . A week before its initial public offering—which will reduce the...

GM Reports Profit, Thanks to Cost Cuts, New Models

Consider this your shareholder statement, taxpayers

(Newser) - General Motors rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years, it said in its earnings report today. The Detroit automaker says it earned $865 million from January through March, a strong sign GM has reversed course from staggering losses that...

Goldman Earnings Jump 91%
 Goldman Earnings Jump 91% 
Apr 20, 2010 6:53 AM CDT

Goldman Earnings Jump 91%

Meanwhile, British launch piggyback fraud investigation

(Newser) - Goldman Sachs earnings cruised past analysts' estimates to a whopping 91% gain in the first quarter, which might be great news if it didn't come while the bank is mired in fraud allegations. CEO Lloyd Blankfein seemed almost defensive, noting that the performance “reflects more signs of growth across...

Soaring Profits Pull Big Biz Out of Recession

Q4 earnings expected to triple, while consumers stay mired

(Newser) - Corporate America is poised to throw off its almost 3-year-long “earnings recession," despite the plain ‘ol recession still bedeviling much of America. Fourth-quarter reports will begin rolling in this week, and analysts believe they’ll continue the upward trends seen in last quarter’s better-than-expected showing. S&...

Yahoo Triples Profits After Cost-Cutting

Revenue falls, but downsized company earns $186M

(Newser) - Yahoo’s third-quarter profit more than tripled even though the company's quarterly revenue fell in the double digits for the third consecutive time. The earnings improvement reported today was primarily driven by extensive cost-cutting that has eliminated more than 2,000 jobs in the past year. The company, however, is...

Bank of America Loses $2.2B as Loans Sour

Investment revenues up, but consumers default on nearly $10B

(Newser) - Bank of America Corp. lost more $2.24 billion in the third quarter, the company announced today, as loan losses kept rising. Those losses amounted to nearly $10 billion, providing further evidence that consumers are still struggling to pay their bills. The bank also added $2.1 billion to its...

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

(Newser) - JPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also...

Dow Up 21 After Rally Loses Steam
 Dow Up 21 After 
 Rally Loses Steam 
MARKETS
Oct 12, 2009 3:18 PM CDT

Dow Up 21 After Rally Loses Steam

Dow hits new 2009 high but falls back amid light volume

(Newser) - The stock indices ended mixed today after strong morning gains lost steam. The Dow hit a new high for 2009, 9931.82, off strong expectations for the third-quarter earnings. But profit-taking traders capitalized on recent gains, pushing the market lower; light trading volume on the Columbus Day holiday amplified their...

Upbeat Earnings Have CEOs Singing Rebound

(Newser) - CEOs and investors have springs in their steps. After a week full of positive earnings reports, many now believe worst is over, the Wall Street Journal reports. Yesterday saw a slew of reports that matched or beat estimates, including Motorola, Goodyear, Sony, and Kellogg Co. The economy “has found...

Microsoft Posts First Yearly Sales Decline

(Newser) - Microsoft Corp. said today its profit in the last quarter plunged 29% because of weak computer sales, ending a fiscal year in which the software maker's revenue fell for the first time since the company went public in 1986. The results reflect how Microsoft's fortunes are tied to the PC...

Ford Shocks Street With $2.3B Profit
 Ford Shocks Street 
 With $2.3B Profit 
EARNINGS REPORT
Jul 23, 2009 6:39 AM CDT

Ford Shocks Street With $2.3B Profit

(Newser) - Ford surprised the markets today by posting a $2.3 billion quarterly profit, thanks mostly to debt restructuring actions, Reuters reports. The result beat estimates and represents Ford's first good quarter in more than a year; this time in 2008, the automaker lost $2.7 billion. But the global downturn...

Apple Earnings Up 15% on iPhone, Mac Success

Firm sold 5.2 million iPhones last quarter

(Newser) - Apple reported a strong quarterly profit, beating analysts’ expectations by selling 5.2 million iPhones and 2.6 million Mac computers, MarketWatch reports. The firm reported earning $1.23 billion on revenue of $8.34 billion in the quarter ending June 26. Sales of iPhones were the highlight, as the...

Bank of America, Citigroup Post Ugly Wins
Bank of America, Citigroup Post Ugly Wins
Earnings
Jul 17, 2009 9:22 AM CDT

Bank of America, Citigroup Post Ugly Wins

(Newser) - Bank of America and Citigroup both posted estimate-topping profits today, but neither inspired much confidence, the New York Times reports. Both numbers hinged on one-time gains from asset sales. In Bank of America’s case, earnings fell 5.5% to $3.22 billion, a number propped up by the sale...

Don't Celebrate Yet: Earnings Are Up, but Not Sales

Though first-quarter profit beat expectations, a growth story is absent

(Newser) - The fact that 66% of American companies beat their first-quarter earnings expectations is good, writes Henry Blodget in Clusterstock, but not as good as it looks. A closer examination of the data shows that while profits increased, revenues did not, and “you can’t fire your way to prosperity....

Buffett Reports $200M Drop, Blames Recession

(Newser) - Warren Buffett told Berkshire Hathaway shareholders today that the company's first-quarter earnings will fall to $1.7 billion from $1.9 billion last year, reports Bloomberg. At the annual meeting, Buffett said the recession “significantly to drastically affected” the company's bottom line. Full earnings details will be released Friday.

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