Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
Dr. Reddy's Laboratories Ltd. today announced its unaudited consolidated financial results for the quarter ended December 31, 2011 under International Financial Reporting Standards.
BT reported this morning that its sales had fallen 5 per cent for the three months ended 31 December, however earnings and cash generation remained steady, the company added.
South Korean steelmaker Posco said Friday its net profit for the whole of last year fell 12% because of a surge in raw material costs and a plunge in demand from China, the world's largest biggest steel consumer.
Sprint Nextel, like its bigger rivals, is expected to report a steep decline in fourth-quarter profit margins due to its launch of the costly Apple Inc. iPhone.
Action, RPG games help publisher post 175 percent year-over-year rise to $65.78 million for last nine months of 2011; net sales down slightly to $1.2 billion.
Spain's Banco Bilbao Vizcaya Argentaria SA said Thursday that it swung to a fourth-quarter loss after taking a EUR1 billion charge on its U.S. operations and setting aside more cash to cover bad loans.
Net profit at Cap SA, Chile's only integrated steel and iron ore producer, fell 25% on the year in 2011 to $441.66 million, the company said in a late Wednesday filing with the local securities regulator.
U.S. warehouse club operator Costco Wholesale Corp posted a better-than-expected 8 percent rise in January sales at stores open at least a year, helped by higher gasoline prices.
Diamond Offshore Drilling Inc.'s fourth-quarter earnings fell 22% as the oil driller reported weaker revenue and lower utilization rates for its mid-water floaters.
Evercore Partners Inc. (EVR), the advisory firm founded by former Deputy U.S. Treasury Secretary Roger Altman, said its fourth-quarter adjusted profit climbed 29% from a year ago as its investment banking revenue rose 19%.
Following a robust first quarter report for Green Mountain Coffee Roasters, Canaccord Genuity consumer analyst Scott Van Winkle reiterated his BUY rating and $94 price target on the company and raised his revenue estimates for 2012 and 2013.
Japanese conglomerate Hitachi – which derives a fair portion of its sales and profits from the IT and telecom sectors – has taken it in the chin profit-wise in its third quarter of fiscal 2011 ended in December. For the quarter, sales were essentially flat at $29bn, but net income fell by 42.3 per cent to $595m.
International Paper Co.'s fourth-quarter profit fell 19% as lower sales and a decrease in income from a joint venture in Russia offset improved profit margins.
Japanese publisher reports $224 million net income during April-Dec. period as sales climb 3% to $2.55 billion; social gains offsetting console/handheld declines.
MagnaChip reported their financial results for 2011, and they say that AMOLED display driver revenue grew 700% compared to 2010, but they wouldn't reveal exact numbers.
The New York Times Co's fourth-quarter profit fell but surpassed Wall Street expectations, as the newspaper's online edition added subscribers, and the company forecast advertising revenue to remain flat.
Seagate Technology plc today reported financial results for the quarter ended December 30, 2011. The company shipped 47 million disk drives and reported revenue of $3.2 billion, gross margin of 31.6%, net income of $563 million and diluted earnings per share of $1.28. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported net income of $581 million and diluted earnings per share of $1.32 for the quarter ended December 30, 2011.
Royal Dutch Shell PLC said Thursday its fourth-quarter adjusted earnings rose 18%, but the results were below expectations and came as the Anglo-Dutch oil giant warned of economic volatility amid sharply lower U.S. gas prices and worsening global fuel demand.
South Korea's largest mobile carrier SK Telecom said Thursday its fourth-quarter net profit fell 61 percent year-on-year due to higher spending on next-generation network technology and lower fees.
Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazoo Hiram, who vowed to move quickly to turn things around.
Zynga shares jumped as much as 22 percent on Thursday in the first trading session after Facebook revealed it made 12 percent of its revenue last year from the video game publisher.
AOL’s fourth-quarter results are out. As its dial-up subscriptions fall, it recouped its losses from advertising sales. The bottom line is that AOL is hanging in there.
Italian carmaker Fiat-Chrysler surprised the market with lower 2012 profit targets that were still better than expected, sparking a share rally as investors shrugged off the threat of a weakening European economy that saw it cut its revenue outlook.
Franklin Resources Inc.'s fiscal first-quarter earnings slipped 4.1%, with the mutual-fund company reporting flat revenue and net outflows of client cash.
India's software outsourcer Mahindra Satyam on Wednesday posted a near five-fold jump in its third quarter net profit, beating market forecasts, as margins were boosted by a fall in the rupee.
Shares of Qualcomm Inc. surged in trading after the bell, as the company reported fiscal first-quarter results that easily beat expectations and boosted its full-year guidance above analyst consensus.
Seagate, the world's numero uno disk drive manufacturer, notched up a brilliant second 2012 quarter with revenues and profits soaring up above flood-diminished rival WD.
LG Electronics was hit by a drop in revenue and a net loss for its fourth quarter, but that loss was lower than a year ago thanks to strong demand for smartphones and TVs.
Thermo Fisher Scientific Inc., the world leader in serving science, today reported its financial results for the fourth quarter and full year ended December 31, 2011.
After the bell on Tuesday, Amazon said it earned 38 cents a share, excluding items, on revenue of $17.43 billion. Analysts were expecting Amazon to post earnings of 17 cents a share on sales of $18.25 billion.
Archer Daniels Midland Co.'s fiscal second-quarter earnings fell sharply on weakness at its grain-processing and trading businesses and a charge from the shuttering of a bioplastics venture.
Banco Bradesco SA said Tuesday net profit fell to 2.73 billion Brazilian reais from BRL2.99 billion in the fourth quarter as higher expenses due to organic expansion offset an increase in its credit portfolio and financial-service revenue.
CIT Group joined big Wall Street banks in reporting dismal fourth-quarter profits Tuesday. That didn’t stop the market from focusing on positive developments such as CIT’s new business growth, sending the stock up 2.1% in early afternoon trading.
The drugmaker backed its 2012 outlook that calls for a steep drop in profit this year due largely to the Zyprexa loss. It said an independent safety committee recommended continuing two late-stage clinical trials for its closely watched experimental Alzheimer's treatment.
Exxon Mobil Corp's profit narrowly beat expectations, as rising oil prices offset falling margins for chemicals and fuel, and production fell short of some estimates, and its shares fell almost 2 percent.
Competition from low-cost generic drugs squeezed quarterly profits at Pfizer Inc and Eli Lilly & Co but the drugmakers were able to somewhat weather those declines with help from other medicines.
Japanese high-tech giant Fujitsu plunged into a net loss for the three months to December, it said Tuesday, as it slashed its full-year sales and profit forecast.
Smartphones seem to be all the rage today, but it turns out feature phones may still be more profitable than smartphones with over 70% of phones sold around the world being feature phones.
Pfizer booked a sharp decline in fourth-quarter profit Tuesday, and more importantly cut its 2012 outlook as it projects its first year of results after patent expiration on cholesterol drug Lipitor.
Mattel‘s performance surged ahead in the fourth quarter with a 14 percent rise in profits. Strong holiday toy sales helped fuel the jump in profits and boosted its stock about 5% Tuesday.
State-run Punjab National Bank on Tuesday reported a modest 6% rise in its third-quarter net profit because of higher provisions for a likely increase in bad loans, as well as a sharp drop in non-interest income.
United Parcel Service posted a stronger-than-expected quarterly profit and forecast 9 percent to 15 percent growth this year as solid U.S. demand and growing e-commerce shipments offset an uneven global economy.
Carnival Corp on Monday said it would take a $155 million to $175 million hit against net income in fiscal 2012, blaming the Costa Concordia cruise ship catastrophe.
A new rumor suggests Facebook made $3.8 billlion in revenue, and $1.5 billion in profit, for the year 2011. These numbers seem a little off when compared to recent leaks and projections.
The news that Nintendo is predicting a rare loss in revenue didn’t escape NMA TV, the Taiwanese animation team that has a knack for crafting absurd, animated reports on the world’s headline stories.
Altria Group Inc.'s fourth-quarter earnings slid 9% due to several charges, though the tobacco company's revenue jumped on strong volume growth for smokeless products and a modest increase in volume for cigarettes.
State-run Bank of India Friday reported a muted 10% increase in its fiscal third-quarter net profit, as it set aside a larger amount to cover the likely pressure from rising bad loans.
Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices.
D.R. Horton Inc, the top U.S. homebuilder, posted a first-quarter profit that beat market expectations, helped by a surge in orders indicating a stabilizing housing market, and said it was looking at spring selling season with "cautious optimism."
Procter & Gamble Co cut its full-year profit forecast because of the strong dollar, and its quarterly profit plunged 49 percent as the world's largest household products maker wrote down the value of its appliance and salon professional products businesses.
Revenues for the third quarter of fy2012 were $173m, 2 per cent down on the $176m of a year ago. Net income was $3.94m, down from the $5.8m recorded a year ago. These earnings exceeded the Street's expectations so why did investors decide to sell the shares?
Samsung Electronics Co. reported a 17 percent jump in fourth quarter profit on the strength of smartphone sales even as the company battled claims it had copied Apple's iPhone.
T. Rowe Price Group Inc.'s (TROW) fourth-quarter profit slipped 1.7% on a modestly higher tax bill and expenses, a bump that failed to overshadow the massive money manager's success in winning new assets despite a rocky year in the markets.
The company's stock closed at $11.09 a share on the Nasdaq, up 10.9% from its initial public offering price of $10. It sold 5.5 million shares, 1 million more than originally planned, at the midpoint of its expected price range of $9 to $11.
Viacom began the new year by announcing that its filmed entertainment division, Paramount Pictures, was the 2011 leader in terms of worldwide box office sales. The studio generated global revenue of about $5.2 billion with about 38% coming from the U.S. box office.
American Express posted 12% year-on-year increase in profits for Q4 as consumers continued to spend greater amounts on their AmEx cards even in the midst of economic uncertainty. For the quarter, the company reported net income of $1.2 billion compared to $1.1 billion last year as total revenue rose by 7% to $7.74 billion.
AT&T Inc. is still the home of the iPhone. It activated 7.6 million of them in the latest quarter, accounting for one out of every five iPhones sold globally.
Caterpillar Inc reported a 58 percent rise in quarterly earnings that blew away Wall Street expectations on record sales of construction and mining equipment, and projected strong growth for 2012.
Nintendo Co Ltd posted a sharp drop in quarterly profit and forecast a bigger-than-expected full-year loss, its first at an operating level, as it battles a strong yen and its games devices lose ground to gadgets such as Apple's iPhone.
Nokia Oyj reported a 73 percent fall in fourth-quarter earnings as sales of its new Windows Phones failed to dent the dominance of Apple Inc's iPhone or compensate for diving sales of its own old smartphones.
Nucor Corp. swung to a bigger-than-expected fourth-quarter profit as the U.S. steel market's strength in December helped offset weaker demand earlier in the quarter.
Potash Corp. of Saskatchewan's fourth-quarter earnings and sales came in well below expectations, as heightened global economic concerns contributed to a drop in fertilizer demand.
CEO Enrique Salem stands crisp and smart on the poop deck of the good ship Symantec, looking back at a straight course and ahead to more growth. It's a pretty unexciting third quarter story really.
AMD today announced revenue for the fourth quarter of 2011 of $1.69 billion, net loss of $177 million, or $0.24 per share, and operating income of $71 million.
Today, Apple announced it's Q1 result for 2012, bringing in record profits which surpass anything the company has ever seen. The Cupertino giant reported revenue of $46.33 billion, with net profit of $13.06 billion. Not bad for a company that was floundering just ten years ago.
ConocoPhillips marches on with its plan to split into two separate companies, selling nearly $5 billion in assets in its fourth quarter. The company managed to beat expectations and increase revenues on higher selling prices and asset divestitures, despite lower production.
Ericsson, the world's biggest maker of equipment for mobile phone networks, stunned markets with a 50 percent drop in quarterly profit, adding to signs from the corporate world that economic growth may be grinding to a halt.
Exelon Corp. posted higher fourth-quarter earnings but revenue declined in a trend that could continue as long as natural gas and power prices remain historically low.
Server flash array vendor Fusion-io saw stonking quarterly revenues but disappointed with a loss despite unexpected higher sales. Did it under-price its ioDrive 2 products?
Netflix, the online video-rental service struggling to win back customer faith, reported worldwide revenue of $876 million during the video rental service's fourth quarter earnings report.
SAP said Wednesday that it had exceeded its guidance for revenue and profit in 2011, its best year in its 40-year history, and was positioned to exceed its revenue target of $26 billion in 2015.
Xerox Corp reported fourth-quarter earnings that were in line with estimates due to growth in its services business that compensated for a decline in its technology unit, which was hit by economic weakness in Europe.
Symantec Corp, the top maker of computer security software, reported a higher quarterly profit and issued an outlook in line with Wall Street estimates.
The chief executive of Colombian bank Banco Davivienda SA said Tuesday its planned purchase of HSBC Holdings PLC's businesses in Central America will grow the company by 20% and help it meet its goal of listing its shares on Wall Street by the end of this year.
The fraud rate by order (the percentage of orders that turned out to be fraudulent) dropped from 0.9 percent in 2010 to 0.6 percent in 2011—the lowest in the 13 year history of the survey. But the cost of combatting fraud continues to grow.
DuPont's quarterly revenue missed Wall Street expectations as its customers bought fewer solar-panel materials and digital television parts due to the weak economy, offsetting higher prices across the company.
The single-cup coffee market in the U.S. is dominated by Green Mountain Coffee Roasters with its proprietary Keurig K-Cup brewing system. K-Cup portion packs and Keurig single-cup brewers and related accessories contribute a significant proportion to GMCR’s revenues, approximately 84% share in 2011.
McDonald's Corp reported stronger-than-expected December sales, but its shares fell on investor concerns that quarterly profit may have beat expectations only because of income that was not related to its operations.
Peabody Energy Corp.'s fourth-quarter earnings missed analysts' expectations, sending its stock price lower, after the company posted a profit increase of just 5.9% from a year earlier even as global sales and U.S. mining revenue improved.
Verizon paid dearly to put iPhones in the hands of subscribers in the latest quarter, holding back its profits in the hope that its customers will rack up higher monthly bills and stay loyal.
Western Digital and its supply chain have pulled out all the stops and delivered a decent profit in the last quarter of 2011, the one in which some of its Thailand plants were inundated by deadly flooding.
Yahoo Inc's net revenue and profit fell slightly in the fourth quarter, the struggling Internet company's last quarter before new Chief Executive Scott Thompson took the reins.
Digital music revenues rose eight percent in 2011 to $5.2 billion, but it was not enough to prevent another annual decline in the overall market to $16.2 billion from $16.7 billion in 2010.
Sterlite Industries Ltd. Monday posted a 17% drop in consolidated net profit for the third quarter because of higher depreciation and amortization costs as well as foreign-exchange losses.
India's Axis Bank Ltd. Friday reported a 24% rise in third-quarter net profit, topping market expectations, aided by strong growth in loans and fee income.
Fifth Third Bancorp's fourth-quarter earnings fell 5.7% as revenue sank, though the regional bank reduced its loan-loss provisions and charge-offs amid a tighter lending environment.
GE announced today fourth-quarter 2011 Operating Earnings of $4.1 billion, or $0.39 per share, up 6% and 11% respectively from the fourth-quarter of 2010. Revenues were $38.0 billion for the quarter and $147.3 billion for the year. Record Infrastructure orders of $28.6 billion in the fourth quarter enabled GE to end the year with a backlog of $200 billion, the largest in its history.
Despite economic worries in Europe, Google was still expected to post strong earnings today, but the Mountain View, Calif.-based enterprise didn’t hold up to estimates and stock prices plummeted after hours.
Reliance Industries Ltd. Friday posted its first quarterly net profit decline in more than two years, hurt by weak refining margins and due to a decline in natural gas and crude oil output at its block of India's east coast.
Oilfield services giant Schlumberger posted strong fourth quarter earnings before the bell on Friday, beating estimates on a 21% surge in revenues as demand for drilling and other technologies surged both in North America and around the world. Despite expecting a bumpy 2012, CEO Paal Kibsgaard expects continued demand for his company’s products.
SunTrust Banks Inc.'s fourth-quarter earnings slipped 16% as the regional bank reported weaker-than-expected revenue, although credit costs continued to decline.
Wipro's IT services revenue grew 12 percent year on year in U.S. dollar terms in the quarter ended Dec. 31, but its growth lags behind Indian outsourcing peers such as Tata Consultancy Services.
Each January, 24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead. This year, Apple is likely to pass Exxon Mobil as the most profitable corporation in the Fortune 500. It already passed the oil giant in market capitalization for a while last year.
Signs of improvement in the economy and gains from asset sales helped Bank of America Corp post a quarterly profit, sending its shares higher on Thursday, but the second-largest U.S. bank still needs more capital and with little left to sell, it is becoming creative.
Germany's Commerzbank AG expects to report an after-tax profit of around EUR1.6 billion for 2011, according to preliminary figures, Chief Executive Martin Blessing said Thursday.
Shares were up 2.3% at $45.49 in premarket trading as the results were better than expected. Through Wednesday's close, the stock is down roughly 23% in the past year.
Despite economic worries in Europe, Google was still expected to post strong earnings today, but the Mountain View, Calif.-based enterprise didn’t hold up to estimates and stock prices plummeted after hours.
IBM Corp. on Thursday reported a fourth-quarter profit of $5.5 billion, or $4.62 a share, compared with a profit of $5.3 billion, or $4.18 a share, for the year-earlier period. Revenue was $29.5 billion, up from $29 billion. Analysts had expected the company to report earnings of $4.61 a share, on revenue of $29.7 billion.
Intel Corporation today reported full-year revenue of $54 billion, operating income of $17.5 billion, net income of $12.9 billion and EPS of $2.39 -- all records. The company generated approximately $21 billion in cash from operations, paid dividends of $4.1 billion and used $14.1 billion to repurchase 642 million shares of stock.
Though overall trading activity was suppressed in the fourth quarter, Knight managed to collect more money on each transaction and earned $40.2 million, or 43 cents a share, up from $9.2 million, or 10 cents a share, for the year-earlier period.
Microsoft Corp. on Thursday reported a fiscal second-quarter profit of $6.62 billion, or 78 cents a share, on revenue of $20.89 billion. During the prior-year's quarter, Microsoft earned $6.63 billion, 77 cents a share, on $19.95 billion in sales. Analysts surveyed by FactSet Research had forecast the software giant to earn 76 cents a share on $20.9 billion in revenue.
Morgan Stanley swung to a fourth-quarter loss as the investment bank booked a hefty charge related to a legal settlement, but the firm still performed better than expected because of higher equity trading revenue.
Siam Commercial Bank PCL, Thailand's fourth-largest lender by assets, said Thursday its 2011 net profit rose 49.9% as a result of one-time investment gains and higher interest and non-interest income.
Bank of New York Mellon said on Wednesday that fourth-quarter earnings fell 26 percent after the world's No. 1 custody bank reported lower forex volume and took a restructuring charge as part of a large-scale plan to make its operations more efficient.
ASML, key global supplier of computer chip-making systems and high-tech bellwether, Wednesday posted record sales for 2011 alongside a fourth-quarter slump of nearly 30 percent in net income.
After the bell Wednesday, eBay said it earned 60 cents an adjusted share on revenue of $3.38 billion for the fourth quarter. Wall Street was expecting the company to earn 57 cents a share on sales of $3.32 billion.
Goldman Sachs Group Inc's fourth-quarter profit fell 56 percent as trading and investment banking revenue plunged, but the bank managed to beat analysts' expectations through cost cutting and lower taxes, sending its shares higher.
In the fourth quarter, net profit reached NT$31.58 billion, a decrease from NT$40.7 billion in the same period a year earlier. Revenue for the fourth quarter was NT$104.7 billion, down 4.9 percent year over year, but met the company's forecasts.
Even in technology — an industry known for bold moves — a one-year investment plan of $41 billion is breathtaking. Seldom meek, Samsung announced yesterday that it will be spending that sum this year “in order to solidify its dominance in key businesses in the global market and to dominate new growth areas in advance.”
Internet and network security provider Check Point Software Technologies beat forecasts with a jump in fourth-quarter profit and forecast growth in 2012 in line with analysts' estimates.
Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue and discouraging clients from doing deals.
India's fourth-biggest software services firm, HCL, Tuesday posted a 43 percent jump in quarterly net profit, beating forecasts, thanks to stronger outsourcing demand and a weak rupee.
India's biggest outsourcing company, Tata Consultancy Services, reported on Tuesday that net profit rose 23 percent in the third quarter, matching forecasts, thanks to a rise in orders.
Tata Consultancy Services, India's largest outsourcer, posted strong revenue in the quarter ended Dec. 31, with growth across all its markets including Europe, which is being hit by a debt crisis.
Wells Fargo & Co beat Wall Street estimates with a 20 percent increase in fourth-quarter profit, boosted by improving credit quality and continued loan growth.
The drag of the European debt crisis on investment banking weighed on JPMorgan Chase & Co's fourth-quarter profit, sending financial stocks tumbling even as the bank provided evidence that the domestic economy is strengthening.
SAP on Friday reported preliminary fourth-quarter results that showed revenue rise 11 percent to €4.5 billion (US$5.7 billion), according to IFRS (International Financial Reporting Standards).
Tesco, the global supermarket chain had its worst holiday season sales for 30 years. It also issued a profit warning despite increasing its social media activity in 2011.
Home goods retailer Williams-Sonoma Inc said heavy discounting to attract bargain-hungry holiday shoppers would eat into its fourth-quarter earnings, sending its shares slipping as much as 15 percent.
A recent rise in loans to businesses is spurring hope that bank earnings reports, which begin Friday, will show that the outlook for this economically critical industry is better than its battered stock prices and weak investment banking volumes would suggest.
The Fed announced yesterday that it turned over $76.9 billion of its earnings to the Treasury (and the taxpayer) during 2011. This was near the record $79.3 billion transferred during 2010. It is about three times the amount transferred during more normal times. For example, the transfers averaged $21.5 billion from 2002 through 2005.
Zale Corp. said Tuesday that comparable store sales increased 5.9 percent, year-over-year, for the November-December holiday sales period. This increase follows an 8.5 period rise in the same period in the prior year.
DisplaySearch says that OLED displays are estimated to take around 4% of the total flat panel display (FPD) industry in 2011, and this will grow to around 16% in 2018. Revenue wise, OLEDs will grow from over $4 billion in 2011 to over $20 billion in 2018.
Philips Electronics NV warned of soft fourth quarter profits due to weak European consumer markets that is leading to charges for inventory it cannot shift.
Tiffany & Co sales over the holiday season weakened markedly in the United States and Europe, prompting the upscale jeweler to lower its full-year profit forecast and sending its shares down more than 10 percent in early trading.
Popular health information website WebMD Health Corp took itself off the auction block and warned investors of lower 2012 profits as its advertisers in the drug industry pull back on spending.
Alcoa Inc posted a fourth quarter loss due to a steep plunge in aluminum prices, but its revenue beat expectations and the company gave a positive outlook for global demand for the metal, especially in the aerospace and automotive markets.
When Comcast completed the acquisition of GE’s NBCUniversal last year, it had a certain strategy in mind. That strategy was to leverage the content to create a better overall service for customers and to enjoy the profits from the lucrative content business, which is in high demand given the growing competition among service providers.