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UPS Contributes $6.1 B to Pension Plan
Jan 30, 10:24 AM EST |
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| UPS stock had struggled in the last six months as earnings have been erratic and worries related to domestic economy. International shipment rises. |
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| UPS today reported adjusted diluted earnings per share of $1.13 for its fourth quarter, an 8.7% increase over last year. Revenue improved 6.1% driven by a double-digit increase in international export volume. Average daily number of packages handeled increased to by 0.36 million to 17.7 million. |
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Yahoo Drops 10% on Lower Earnings
Jan 30, 10:03 AM EST |
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| Yahoo chief executive said that the company is facing headiwnds in the near term but regain momentum in 2009. |
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| Yahoo revenue in the fourth quarter rose 8% to $1.8 billion from a year ago and revenues excluding traffic acquisition gained 14% to $1.4 billion. Net income fell in the quarter fell to $260 million or 15 cents per share from $269 million or 19 cents per share from a year ago. |
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Kone Profit Jumps 25%
Jan 28, 5:27 PM EST |
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| Net income rose 25.5% to €100.6 million or 80 cents per share from €80.2 million or 64 cents per share a year ago. |
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| The Finnish elevator supplier attributed the results to increased construction in eastern Europe and the Middle East. Operating income was €150.4 million, in line with estimates, as the profit margin rose to 12.4%, beating the Kone''''''''s 12% target. New orders climbed 27%, with the biggest jump in the Asia-Pacific region, while North American sales rose 5.6%. Kone expects on the higher levels of urbanisation to boost its future earnings. |
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Lockheed Martin Profit Rises 10%
Jan 25, 1:01 PM EST |
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| Net profit increased 10% to $799 million or $1.89 per share from $729 million or $1.68 per share a year ago. |
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| The defense contractor attributed the net income growth to robust sales at its aeronautics division and added that sales in 2007 rose 6% to $41.9 billion. The aeronautics division had a profit of $1.5 billion on $12.3 billion in sales, compared with net income of $1.2 billion on $12.2 billion in sales a year ago. Lockheed Martin raised its forecast for earings per share in 2008 between $7.05 and $7.25 per share, from the previous estimate of $6.95 to $7.15. |
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Microsoft Profits From Vista and Xbox Sales
Jan 24, 6:32 PM EST |
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| Microsoft guided revenue in the current quarter between $14.3 b and $14.6 billion and earnings per share between 43 cents and 45 cents. |
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| Microsoft second quarter revenue rose 30% from a year ago to $16.37 billion as Winows Vista operating system sales gained momentum. Operating earnings in the quarter surged 87% to $6.48 billion and earnings per share increased to 50 cents compared to 26 cnets a year ago. In the prior year deferred sales of Vista and Office prodcuts affected sales. Xbox console life time sales reached 17.7 million at the end of the quarter. |
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Nokia Rises on 48% Earnings Gain
Jan 24, 1:25 PM EST |
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| Nokia estimated device market share increased to 40% in 2007 from 39% a year ago. Sales and earnings increased on China, India, and European markets. |
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| Nokia fourth quarter sales increased 34% to 15.7 billion euros and 5% rise in mobile phone division sales to 7.4 billion euros. Nokia reported fourth quarter earnings per share of 47 euro cents, a rise of 57% from 206 on 15.7 billion euro an increase of 34%. Nokia device volumes in the quarter increased to 133.5 million units, up 27% from a year ago in the fourth quarter. |
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Motorola Profit Drops on Weak Phone Sales
Jan 24, 1:21 PM EST |
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| Net profit fell 85% to $100 million or 4 cents per share from $683 million or 22 cents per share in 2006. |
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| The cell phone maker reported revenue decline of 18% amid slowing phone sales and warned it expects a loss in the current quarter. Earnings dipped to 4 cents per share from 22 cents per share. Motorola said it expects first quarter earnings in the range 5 cents per share to 7 cents per share. Motorola''s share of the global mobile phone market slipped to about 12.4% by the end of the quarter from 23% a year ago. |
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Apple Declines 15% on Outlook
Jan 23, 2:51 PM EST |
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| Apple reported record revenue and earnings in the first quarter on rising sales of iPods, iPhones, and Macintosh computers. |
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| Apple Inc first quarter profit surged 58% to $1.58 billion, as Macintosh and iPhones sales rise. Revenues gained to $9.6 billion from $1.7 billion. International sales accounted for 45% of total revenues. In the quarter Apple sold 22 million iPod units. The company lowered second quarter earnings guidance to 94 cents per share on revenues of $6.8 billion. Apple stock fell sharply after the earnings news as market worried that economic slowdown may hit sales. |
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Wachovia Earnings Decline on Subprime Losses
Jan 22, 2:13 PM EST |
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| Wachovia Bank reported higher than estimated losses in loans related to housing, consumer credit, and auto loans. |
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| Wacovia Bank reported fourth quarter profit of $51 million compared to $2.32 billion a year on a revenue declie of 16.2% to $7.2 billion. The bank increased its provison for credit losses by $1.5 billion. Total asset under management declined 1% on asset outflow and a change in investment mandate. The bank also took a charge of 5 cents related merger expense for A G Edwards, retail brokerage firm. |
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Bank of America Net Sinks Amid Credit Losses
Jan 22, 1:40 PM EST |
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| Net income in the quarter declined to $268 million, or 5 cents per share from $5.26 billion, or $1.16 per share, a year ago. |
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| The nation''s second-largest bank suffered from the deepening credit crisis, and reported 95% lower fourth-quarter earnings. Revenue including LaSalle Bank fell 31% to $12.67 billion, from $18.49 billion a year ago. Bank of America''s numbers included $5.44 billion of trading losses versus profit of $460 million last year. This reflected a $5.28 billion write-down tied to collateralized debt obligations, which dragged trading profit down by $4.5 billion and other income by about $750 million. |
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