Apr 24, 2009 7:58 AM ET
IBM first quarter net revenue dropped 11% to $21.7 billion and net income dropped 1% to $2.3 billion. Earnings per share were $1.70 compared to $1.64 a year ago. Earnings per share for the year 2009 are expected to be around $9.20.
Apr 23, 2009 7:44 PM ET
American Express reported first quarter revenues declined 18% and earnings dropped 56%. Rising unemployment and weak economy lifted charge-off for the third quarter in a row.
Apr 23, 2009 6:44 PM ET
Amazon.com reported sales rise of 18% to $4.89 billion and earnings gain of 23% to $277 million. Sales at North American sites increased 21% and at international sites increased 15%. Free cash flow increased 82% to $1.43 billion.
Apr 23, 2009 5:25 PM ET
Earnings from eBay, Apple and Marriott lift stocks in the afternoon trading in New York. Toyota reported sales decline for the full year. UK government bonds and pound are likely to face headwind with the issuance of more debt guarantees.
Apr 23, 2009 1:41 PM ET
Pactiv Corporation led gainers in the S&P 500 index with a rise of 21.9%. Torchmark Corporation led the decliners in the S&P 500 index with a loss of 11.3% followed by losses in Thermo Fisher Scientific Inc of 11.2%, in Robert Half International Inc of 9.8%. AllianceBerstein earnings plunge.
Apr 23, 2009 11:06 AM ET
U.S. stocks edged lower after unemployment claims rise in the last week. March existing home sales declined at 3% annual rate from February to 4.57 million and fell 7.1% from a year ago month. Median home prices declined 12% from a year ago. Northeast sales decline of 8% led the nation.
Apr 23, 2009 8:22 AM ET
Credit Suisse returned to profitability on a rise in income. Tier 1 capital ratio increased as the bank lowered its risk profile. The bank benefitted from the net new asset flows in asset management. The investment bank reported net income of $1.9 billion and tier 1 capital ratio of 14.1%.
Apr 23, 2009 6:43 AM ET
The semiconductor chip maker revenue declined 26% to $7.1 billion in the first quarter. Net quarterly income plunged 55% to $647 million amid lower revenue and deteriorating margins. Earnings per share plummeted to 11 cents from 25 cents a year-ago quarter.
Apr 22, 2009 5:41 PM ET
Apple reported a surge in iPhone sales in the latest quarter and reported better than expected earnings. Apple earned $1.33 a share. eBay earnings and sales fell compared to a year ago on a decline in gross transaction on its marketplaces sites. eBay earned 39 cents a share in the quarter.
Apr 22, 2009 5:05 PM ET
Stocks in New York fell on renewed worries that stress-test results may require banks to raise more capital. UK in its latest budget estimated economy to shrink and proposed to borrow nearly double than its previous estimate. Japan recorded its first annual deficit.