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Arch Coal Earnings Surge 187%
Apr 21, 12:22 PM EDT |
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| Arch Coal benefited from the rising coal prices and a sustained demand from electric utilities. |
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| Rising coal volume and prices helped Arch Coal to report 187% rise in earnings. Revenue in the quarter rose 22% from a year ago to $699 million. First quarter net income rose to $81 million or 56 cents per share compared to $28.7 million or 20 cents per share. Consolidated operating margins expanded by 15% from a year ago. |
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Honeywell Surges, Xerox Struggles
Apr 18, 5:35 PM EDT |
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| Honeywell earnings surged on the strength in orders from aviation and defense industries. Xerox after-sales revenue jumps to 70% of total revenue. |
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| Honeywell International Inc stock added 6% after it announced first quarter 2008 sales increase of 11% to $8.9 billion from $8.0 billion in 2007. Earnings in the quarter were up 30% to $643 million or $0.85 per diluted share compared to $526 million or $0.66 per diluted share for the same quarter of 2007. Xerox Corporation stock added 3% after it reported total revenue increased 13% to $4.3 billion with post-sale revenue rise of 11%. |
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Google Surges 12% on 30% Earnings Rise
Apr 17, 5:21 PM EDT |
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| Google earnings rise on on improved international sales. Google web sites generated 66% of revenue up from 62% a year ago. |
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| Google reported first quarter earnings of $1.3 billion or $4.12 per share compared to $1 billion or $3.18 per share. The revenue, after the traffic acquisition costs surged 46% to $3.7 billion. Gross revenue rose 42%. International revenue rose 51% of total gross revenue from 47% in the previous year and 48% in the fourth quarter of 2007. |
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eBay Earnings Up on Weak Dollar, Price Hikes
Apr 16, 5:20 PM EDT |
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| eBay earnings increased on higher listing volume and listing prices and weak dollar. International revenue is 55% of total. |
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| eBay reported first quarter revenue rise of 24% to $2.19 billion and earnings increase of 22% to $460 million. Earnings per share in the quarter increased to 34 cents from 27 cents a year ago. In the quarter the company repurchased 37 million outstanding shares at $1 billion. In the second quarter the company estimates earnings between 30 cents and 32 cents per share. |
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JP Morgan Earnings Plunge 50%
Apr 16, 4:36 PM EDT |
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| JP Morgan first quarter earnings fell sharply as home equity loans, leveraged loans and subprime loan loss accumulate. |
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| JP Morgan reported net income declined to $2.4 billion or 68 cents per share compared to $4.8 billion or $1.34 a share a year ago. Sharp losses in mortgage securities, home equity loans and leveraged loans affected the earnings. In the quarter, the bank took $2.5 billion charge of which $1.1 billion is related to home equity loans. The bank also received $1.5 billion in the stake sale of credit card processor Visa through initial public offering. |
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Earnings: LVMH, Accor, Tesco
Apr 15, 6:05 PM EDT |
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| LVMH reported a rise in sales as luxury goods retailer benefited from 12% rise in world sales. Accor revenue in the U.S. fell. |
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| LVMH, luxury goods retailer reported 5% rise in sales in the first quarter. Except at wine and spirit division, sales rose across the board in leather goods, cosmetics, perfumes and jewelry. However, first quarter revenue at largest European hotel operator fell 5% on sale of the U.S. chain Red Roof Inn and exchange rate losses. The third largest European retailer Tesco reported 12% rise in earnings on 11% rise in sales. The company said its losses in U.S. retail chain is within budget. |
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State Street Higher Earnings and Loan Losses
Apr 15, 12:59 PM EDT |
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| State Street fell 7% after it reported strong operating results in the first quarter. Investment portfolio declined on exposure to riskier loans. |
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| State Street revenue rose 52% to $2.6 billion and earnings rose 69% to $530 million. The strong operating perormance was overshadowed by the losses in its investment portfolio. The loss of $3.2 billion in the investment surprised the market and stock lost 7%. Assets under management rose to $1.96 trillion from $1.85 trillion and assets under custody rose to $14.9 trillion from $12.33 trillion. |
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Infosys Rises 6% on Earnigs
Apr 15, 11:30 AM EDT |
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| Infosys, software services exporter from India reported rising sales and earnings. The company guided strong outlook in the second quarter and 2008. |
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| Infosys, software services provider, reported fourth quarter sales rise of 32% to $1.14 billion and earnigs surge of 52% to $311 million. Earnings per share in the quarter increased 20% to 55 cents from 46 cents a year ago. Full year revenue surged 35% to $4.17 billion compared to $ 3.1 billion and net earnings were $1,155 million or $2.02 ADS compare to $850 million or $1.50 per ADS. |
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Wachovia Loss, Dividend Cut, $7 B Offering
Apr 14, 2:42 PM EDT |
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| Wachovia Corp stock lost 10% today and is now trading 58% below its peak two years ago after it reported large loss. |
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| Wachovia reported loss of $350 million or $393 million including preferred stock dividend or 20 cents per share compared to $1.20 a year ago or $2.30 billion. The bank also lowered its quarterly dividend to 37.5 cents and expects to preserve $2 billion of capital. Wachovia wrote down assets by $2 billion and plans to raise $7 billion through offering. The news of large losses and dividend cut forced the stock down 10% and now has lost 58% in the last two years of trading. |
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Eaton Earnings Rise, Lifts Estimates
Apr 14, 1:32 PM EDT |
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| Eaton reported record sales in hydraulic and electrical equipment segments and lifted aanual earnings guidance by 5 cents. |
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| Eaton, diversified equipment manufacturing company reported first quarter sales increase of 12% to $3.5 billion and earnings rise of 5% to $247 million or earnings per share of $1.64 from $1.56 a year ago. The company forecasts net income per share for the second quarter of 2008 between $1.80 and $1.90 and estimated earnings for 2008 between $7.30 and $7.80 per share. |
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