Earnings reports posts
FeedPosted Mar 2nd 2011 9:40AM by Connie Madon (RSS feed)
Filed under: BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RIO), Commodities

In the mining industry, iron ore is the biggest money maker. Profit reports from the world's largest miners indicate that iron ore brings in the most money, the
Financial Times reported.
- BHP Billiton (BHP), the world's number one miner, had earnings before interest and taxes of $14.82 billion. Of that amount, iron ore accounted for $5.8 billion, up 177%
- Number three miner, Rio Tinto (RTPPF), had earnings of $26.6 billion. Iron ore unit accounted for 60%, or $16.6 billion, up 133% for the year.
Continue reading Iron Ore Tops All Commodities
Posted Jan 12th 2011 10:00AM by Connie Madon (RSS feed)
Filed under: Earnings Reports, Internet, News Corp'B' (NWS)
I

n the beginning, the auto industry had a wide array of manufacturers. As the industry grew, new companies formed but most went by the wayside. The same phenomenon is taking place in the Internet. As new companies are formed, older ones fade away.
Such is the story of MySpace, as the
Wall Street Journal reports. Founded in 2003, it had a large following of musicians and was the leader in the new concept of social networking. In 2005, News Corp. (
NWS) purchased the site for $580 million. The investment was intended to bring News Corp. into the digital age.
Continue reading MySpace Cuts Workforce by 47%
Posted Dec 16th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, FedEx Corp (FDX)
Scanning over the news for FedEx (FDX) it seems that a decent amount of pundits would like to pin the potentially weak open on the delivery firm's weak second quarter earnings and revenue results. Let's dig into the report a bit and see if this blame is well placed.
The shipping company announced that its second-quarter profit dropped to 89 cents per share ($283 million) from last year's same-quarter earnings of $1.10 per share ($345 million). Taking charges out of the equation, FedEx earned $1.16 per share, short of the consensus estimate of $1.31 per share. Revenue came in at $9.63 billion, which is 12% better than the results from a year ago.
Continue reading FedEx Delivers Disappointing Earnings
Posted Oct 15th 2010 10:00AM by Sheldon Liber (RSS feed)
Filed under: Earnings Reports, Management, Rants and Raves, General Electric (GE), Money and Finance Today, Chasing Value™, Stocks to Buy, Stock Picks
Short and sweet -- General Electric (GE) reported higher profits on slower sales with a positive outlook.
The company reported earnings of $3.2 billion, with EPS of 29 cents, up 32% from the third quarter of 2009. This is the second quarter (oh boy, a streak!) GE increased orders, displaying continuing-earnings growth. Revenue was $35.9 billion for the quarter, down 5% on lower equipment sales and reduced GE Capital assets. GE expects fourth-quarter 2010 Industrial revenues to grow sequentially from third quarter and to be about flat with the year-ago period.
Continue reading Chasing Value: GE Reports -- Good News, Finally?
Posted Oct 13th 2010 8:30AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, JPMorgan Chase (JPM), Technical Analysis
Financial firm JPMorgan Chase (JPM) released its much-anticipated third-quarter earnings Wednesday morning, revealing that its profit increased 23%. JPM earned $4.42 billion, or $1.01 per share, during the quarter -- far better than the $3.59 billion, or 82 cents per share, earned a year ago. Not only did JPM destroy last year's earnings, but the company also handily topped the consensus estimate of 90 cents per share.
One reason for the stronger-than-expected results is the fact that JPM set aside $1.55 billion for retail credit losses in the quarter compared to $3.99 billion a year ago. That said, CEO Jamie Dimon warned that loan losses are still high in the mortgage and credit card portfolios, but these losses aren't continuing to rise as they did during the recession. Dimon added that JPM is expecting losses in the credit-card division during the next quarter.
Continue reading JPMorgan Chase Earnings Increase 23%
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