Michael Fowlkes
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Boeing Flies Its Biggest Plane to Date
It was a big day for aerospace giant The Boeing Company (BA), which celebrated the inaugural flight of the biggest plane the company has ever built.The plane, the Boeing 747-8, was originally planned to get off the ground over a year ago, but the delay did not dampen the mood at today's take off. Hundreds of employees and spectators on hand to watch the massive 253 foot jumbo jet take flight for the first time.
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Aetna Gets Ready to Announce Fourth Quarter Results
Insurance giant Aetna Inc. (AET) will be reporting its fourth quarter numbers tomorrow before the market opens.Analysts are expecting to see the company show earnings of 42 cents per share. During the same period last year the company had earnings of 96 cents per share.
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Aflac Posts Better-Than-Expected Q4 Earnings
Following today's market close, insurance giant Aflac Incorporated (AFL) posted better-than-expected numbers for its fourth quarter.Headed into this afternoon's earnings release, Wall Street was looking to see Aflac post earnings of $1.15 per share. The actual earnings came in better than expected at $1.18 per share.
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Exxon Mobil Fourth Quarter Earnings Preview
Oil giant Exxon Mobil Corporation (XOM) is going to be reporting its fourth quarter numbers on Monday. Going into Monday's report, Wall Street is expecting to see the company post earnings of $1.19 per share.During the same period last year the company posted earnings of $1.55 a share.
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Amazon Trades Lower Despite Topping Estimates for Third Quarter
Shares of e-commerce giant Amazon.com, Inc. (AMZN) are trading lower in after hours trading despite posting better than expected earnings this afternoon for its fourth quarter.Going into this afternoon's earnings release, analysts were expecting to see Amazon show earnings of 72 cents per share, on revenues of $9.04 billion in revenues.
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Qualcomm Off Sharply Following Weak Q2 Forecast
Shares of semiconductor giant Qualcomm (QCOM) traded sharply lower Wednesday afternoon after the company's fiscal first quarter earnings report during which QCOM lowered its second quarter forecast.As we noted in our QCOM earnings preview, analysts were expecting to see the company post earnings of 56 cents per share for its fiscal first quarter, and the company was able to outpace estimates by showing earnings of 62 cents per share excluding items.
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Netflix Soars on Strong Fourth Quarter Numbers
Following Wednesday's market close, Netflix (NFLX) reported its fourth quarter numbers, and the stock soared 13% higher in after-hours trading when the company posted better-than-expected numbers for the quarter.The company had a great quarter, with profit rising by an impressive 36%. While the fourth quarter earnings were dramatic, what really had the stock moving after hours was the upbeat forecast for 2010.
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Yahoo! Trades Higher Following Earnings Report
Yahoo, Inc. (YHOO) is trading higher in after hours trading today after posting earnings in line with analyst estimates.Going into this afternoon's earnings report, Wall Street had been expecting to see the company show earnings of 11 cents per share, which Yahoo was able to match.
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McDonald's Posts Better Than Expected Earnings
Fast food giant McDonald's (MCD) reported its fourth quarter numbers this morning. The company was able to outpace analyst estimates, pushing shares higher in premarket trading.The world's biggest fast-food chain earned $1.22 billion, or $1.11 per share, 23% more than last year's profit of $985.3 million, or 87 cents per share. But the results included a one-time benefit of 8 cents per share.
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McDonalds Fourth Quarter Earnings Preview
Fast food giant McDonald's (MCD) is going to be reporting its fourth quarter numbers tomorrow, and analysts are expecting to see another strong quarter for the company.Headed into tomorrow's earnings release, analysts are expecting to see the company post earnings of $1.02 per share. For the same period last year the company posted earnings of 87 cents.
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Starbucks Posts Strong First Quarter Numbers
Upscale coffee retailer Starbucks (SBUX) traded higher after hours Wednesday following a better-than-expected fiscal first quarter earnings report after the market close.Going into the earnings release, analysts had been expecting to see the Seattle-based coffee retailer show earnings of 28 cents per share, and the company was able to outpace estimates by reporting 32 cents per share. During the same period last year the company had earnings of just 15 cents per share.
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Bank of America Fourth Quarter Earnings Preview
Before the market opens tomorrow, Bank of America (BAC) is going to be reporting its fourth quarter earnings numbers.Going into tomorrow's earnings release, Wall Street analysts are looking for the company to show a loss of 52 cents per share. For the same period last year, the company had a loss of 48 cents per share.
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Hershey May Be Looking to Pick Up Cadbury
Shares of Cadbury (CBY) are moving slightly higher today, on news that Hershey (HSY) could be announcing a solo bid for the company as early as next week.It was just a couple days ago that Cadbury rejected another bid, for $16.91 billion from Kraft Foods (KFT).
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Inventory Report Pushes Oil Lower
Oil prices traded lower Wednesday following an inventory report from the Department of Energy that showed a larger than expected increase in oil reserves last week.Analysts had been expecting oil supplies to increase by roughly 1.9 million barrels, but were surprised to see the actual increase a much higher at 3.7 million barrels.
Following the unexpected rise in inventories, oil moved lower on the day and closed a bit under the psychological $80 barrier at $79.60. On Thursday oil prices crawled up to near $80 a barrel.
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Alcoa Fourth-Quarter Earnings Preview
The earnings season is going to kick off on Monday when aluminum manufacturer Alcoa (AA) reports its fourth quarter numbers following the market close.
Headed into Monday's report, analysts are expecting to see the company posting its second positive quarter in a row after posting losses for three consecutive quarters. Analysts are expecting earnings of 6 cents per share during the quarter.
Allstate Earnings Preview: Looking for a Turnaround
Disney Starts Off the New Fiscal Year with Solid Results
Before the Bell: Futures Higher on Greece Rescue Hopes
