Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Akamai Technologies Inc. (NASDAQ: AKAM) beat estimates but shares fell to a new 52-week low.
- Amgen Inc. (NASDAQ: AMGN) posted better-than-expected Q2 results and listed its guidance.
- CBS Corp. (NYSE: CBS) issued a lackluster Q2 earnings report and will buy back shares.
- Concur Technologies Inc. (NASDAQ: CNQR) Q3 revenues spiked, and it announced a big deal.
- Eastman Kodak Co. (NYSE: EK) swung to a Q2 profit due to a tax refund, but revenue growth was minimal.
- Electronic Arts Inc. (NASDAQ: ERTS) narrowed its loss in Q1 as revenue more than doubled.
- First Solar Inc. (NASDAQ: FSLR) easily beat analysts' expectations and raised its guidance.
- General Motors Corp. (NYSE: GM) posted a bigger-than-expected Q2 loss on massive charges.
- Kellogg Co. (NYSE: K) posted solid Q2 results on price increases, and raised its guidance.
- Lazard Ltd. (NYSE: LAZ) reported healthy Q2 results on merger and restructuring deals.
- Merrill Lynch & Co. Inc. (NYSE: MER) warned of a $5.7 billion write-down in the third quarter.
- Motorola Inc. (NYSE: MOT) posted breakeven earnings while revenue fell but beat estimates.
- Office Depot Inc. (NYSE: ODP) reported a Q2 loss due to slower sales, sending shares lower.
- Siemens (NYSE: SI) said that Q3 earnings fell from a one-time gain last year.
- Sony Corp. (NYSE: SNE) Q1 profits tumbled on lower handset and flat-panel TV sales.
- Sun Microsystems (NASDAQ: JAVA) forecast a loss in this quarter due to weakness in the financial sector.
- Verizon Communications Inc. (NYSE: VZ) had better-than-expected Q2 results on growth in wireless.
- Visa Inc. (NYSE: V) reported strong Q3 results that easily beat Wall Street expectations.
- Walt Disney Co. (NYSE: DIS) posted better-than-expected Q2 profit on theme park and ESPN strength.
For more highlights from this week, see: Exxon, Starbucks, Viacom, Comcast, Sirius, Kraft and others
Upcoming quarterly reports include Archer Daniels Midland (NYSE: ADM), Procter & Gamble (NYSE: PG), Jack-in-the-Box (NYSE: JBX), Cisco (NASDAQ: CSCO), News Corp. (NYSE: NWS), Whole Foods (NASDAQ: WFMI), Sprint Nextel (NYSE: S), Time Warner (NYSE: TWX), Freddie Mac (NYSE: FRE), and Blockbuster (NYSE: BBI).
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Reader Comments (Page 1 of 1)
8-03-2008 @ 4:01PM
Sandy said...
GM does not know how to efficiently run a company. Instead of keeping up with the times, they fought vigorously to keep women-blacks-Latinos out of their white-collar workforce. This caused an environment of overpaid, white "yes" men who said yes to anything that upper management said. For example, people in the field heard over and over from dealers the need for more fuel efficient cars and trucks. GM ignored this and fought Congress to have any legislation for more fuel efficiencies. GM also spent the largest portion of their money in advertising on the internet. Even when there was proof that the money they took out of TV to pay for the internet banner advertising was decreasing their sales. There was an analysis done on this on a market by market basis that statistically proved the concept that the internet advertising was far less effective in selling cars than TV and newspaper. Yet, people were told that this information should be hidden. People wanted to say "yes" to the GM executives who came up with the idea of spending more money on the Internet.