BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Caterpillar shares dig lower after its earnings report]]>http://www.bloggingstocks.com/2009/04/21/caterpillar-shares-dig-lower-after-its-earnings-report/http://www.bloggingstocks.com/2009/04/21/caterpillar-shares-dig-lower-after-its-earnings-report/http://www.bloggingstocks.com/2009/04/21/caterpillar-shares-dig-lower-after-its-earnings-report/#commentsFiled under: ,

Dow component Caterpillar (NYSE: CAT) appears to be in for a rough day after reporting a first-quarter loss of 19 cents per share. This was the first quarterly loss for the earth mover since 1992. Moreover, a year ago, CAT earned $1.45 per share in the first quarter.

Excluding charges stemming from CAT's workforce reduction, the quarterly earnings would have totaled 39 cents per share -- far better than expectations. Quarterly sales dropped 22% to $9.22 billion, again topping the consensus estimate for $8.33 billion.

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Caterpillar shares dig lower after its earnings report originally appeared on BloggingStocks on Tue, 21 Apr 2009 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>catcaterpillardow jonesdow jones industrialDowJonesDowJonesIndustrialearningsearnings disappointmentearnings forecastEarningsDisappointmentEarningsForecastinthenewslowered forecastLoweredForecastTue, 21 Apr 2009 10:20:00 EST<![CDATA[Merck profit drops, company cuts revenue]]>http://www.bloggingstocks.com/2009/04/21/merck-profit-drops-company-cuts-revenue/http://www.bloggingstocks.com/2009/04/21/merck-profit-drops-company-cuts-revenue/http://www.bloggingstocks.com/2009/04/21/merck-profit-drops-company-cuts-revenue/#commentsFiled under: ,

This morning, Merck (NYSE: MRK) unveiled first-quarter earnings, which dropped 57% thanks to a drop in both drug sales and income from its cholesterol medicine partnerships. Excluding charges, Merck brought in 74 cents per share in quarterly earnings. The results were a full three cents short of the consensus estimate.

Turning to revenue, Merck reported $5.39 billion - an 8% drop from a year ago. The consensus estimate for quarterly revenue was $5.77 billion, so the results were far short of the bar set by the Street.

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Merck profit drops, company cuts revenue originally appeared on BloggingStocks on Tue, 21 Apr 2009 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earnings disappointmentearnings reportEarningsDisappointmentEarningsReportinthenewsmedical developmentMedicalDevelopmentmedicinenew drugsNewDrugsTue, 21 Apr 2009 08:30:00 EST<![CDATA[LDK Solar reports disappointing 4Q earnings and 1Q forecast]]>http://www.bloggingstocks.com/2009/03/12/ldk-solar-reports-disappointing-4q-earnings-and-1q-forecast/http://www.bloggingstocks.com/2009/03/12/ldk-solar-reports-disappointing-4q-earnings-and-1q-forecast/http://www.bloggingstocks.com/2009/03/12/ldk-solar-reports-disappointing-4q-earnings-and-1q-forecast/#commentsFiled under:

Chinese solar firm LDK Solar (NYSE: LDK) reported earnings Wednesday, revealing that a massive writedown caused weaker-than-expected earnings. LDK reported a fourth-quarter loss of $1.25 per share, compared to a gain of 77 cents per share in the previous quarter and earnings of 44 cents per share in the same quarter last year.

The company's revenue increased more than twofold compared to last year, but the $426.6 million was 21.3% lower on a sequential basis. Analysts were expecting a loss of 84 cents per share on revenue of $422 million. The quarterly results took a hit of $216.7 million related to an inventory writedown.

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LDK Solar reports disappointing 4Q earnings and 1Q forecast originally appeared on BloggingStocks on Thu, 12 Mar 2009 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings dataearnings disappointmentearnings reportsEarningsDataEarningsDisappointmentEarningsReportsinthenewsldkLDK SolarLdkSolarThu, 12 Mar 2009 09:00:00 EST<![CDATA[MBIA reports a Q4 loss thanks to mortgage problems]]>http://www.bloggingstocks.com/2009/03/03/mbia-reports-a-fourth-quarter-loss-thanks-to-mortgage-problems/http://www.bloggingstocks.com/2009/03/03/mbia-reports-a-fourth-quarter-loss-thanks-to-mortgage-problems/http://www.bloggingstocks.com/2009/03/03/mbia-reports-a-fourth-quarter-loss-thanks-to-mortgage-problems/#commentsFiled under: ,

After the closing bell sounded yesterday afternoon, MBIA (NYSE: MBI) stepped into the spotlight to report fourth-quarter earnings. The struggling banking firm saw its fourth-quarter loss shrink to $1.2 billion, or $5.30 per share from last year's fourth-quarter loss of $18.55 per share.

This quarter's loss came courtesy of a $1.7-billion and a $532-million loss on insured derivatives. Both of these losses were logged pre-tax. The company's CEO Jay Brown blamed the rough 18-month period on the "worst credit crisis since the Great Depression." Last year was a rough year for MBIA, as the weak housing market lead to many homebuyers and homeowners defaulting on or lagging in their mortgage payments leading to a major problem for MBIA, which insures mortgage bonds. The problem for the banking firm is that the mortgage turmoil is expected to continue.

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MBIA reports a Q4 loss thanks to mortgage problems originally appeared on BloggingStocks on Tue, 03 Mar 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>credit crunchCreditCrunchearningsearnings disappointmentEarningsDisappointmenteconomic strugglesEconomicStrugglesinthenewsMBImortgage bondsMortgageBondsmortgagesTue, 03 Mar 2009 11:00:00 EST