Feb
22nd
Volkswagen Profit Surges 41 Percent but Trails Estimates
By Kelly Curtis
Volkswagen Profit Surges 41 Percent but Trails
Estimates
VolkswagenAG issued its 2012 full-year earnings on Friday, posting a 41 percent increase in profit but missing Wall Street estimates. The German automaker said its profit totaled 21.7 billion euros in 2012, up from 15.4 billion euros in 2011, largely due to an accounting shift that placed Porsche in Volkswagen's stable of brands. Overall revenue for the year, meanwhile, rose 21 percent from a year earlier to 192.7 billion euros. The company also topped 9 million vehicles sold for the first time ever in 2012, with total deliveries rising 12.2 percent on a year-to-year basis to just shy of 9.3 million. Like the world's other major automakers, Volkswagen was hit by lagging sales in Europe, but its performance in North America and Asia more than offset that decline.
VolkswagenAG issued its 2012 full-year earnings on Friday, posting a 41 percent increase in profit but missing Wall Street estimates. The German automaker said its profit totaled 21.7 billion euros in 2012, up from 15.4 billion euros in 2011, largely due to an accounting shift that placed Porsche in Volkswagen's stable of brands. Overall revenue for the year, meanwhile, rose 21 percent from a year earlier to 192.7 billion euros. The company also topped 9 million vehicles sold for the first time ever in 2012, with total deliveries rising 12.2 percent on a year-to-year basis to just shy of 9.3 million. Like the world's other major automakers, Volkswagen was hit by lagging sales in Europe, but its performance in North America and Asia more than offset that decline.
Feb
5th
Zynga Shares Surge on Surprise 4th Quarter Profit
By Ronnie
Zynga Shares Surge on Surprise 4th Quarter
Profit
Zynga shares surged in after-hours trading after the mobile gaming pioneer posted an unexpected profit. The shares, which had already gained just over 7 percent during Tuesday's session, rose another 6.6 percent after hours as investors welcomed the company's earnings as revenue also topped Wall Street estimates. The company also got a lift early Tuesday when Merrill Lunch analyst Justin Post lifted his rating on the stock from “underperform” to “buy,” an upgrade of two notches. Post cited Zynga's growing presence in the mobile gaming space and an impressive portfolio of assets for his renewed optimism in the tech firm, and raised his price target for Zynga stock from $2.70 to $3.40 a share.
Zynga shares surged in after-hours trading after the mobile gaming pioneer posted an unexpected profit. The shares, which had already gained just over 7 percent during Tuesday's session, rose another 6.6 percent after hours as investors welcomed the company's earnings as revenue also topped Wall Street estimates. The company also got a lift early Tuesday when Merrill Lunch analyst Justin Post lifted his rating on the stock from “underperform” to “buy,” an upgrade of two notches. Post cited Zynga's growing presence in the mobile gaming space and an impressive portfolio of assets for his renewed optimism in the tech firm, and raised his price target for Zynga stock from $2.70 to $3.40 a share.
Jan
28th
Yahoo Beats Wall Street with 4Q Earnings
By Ronnie
Yahoo Beats Wall Street with 4Q Earnings
Yahoo issued its fourth-quarter results after Monday's closing bell, sending shares higher by about 5 percent as earnings topped Wall Street estimates in the third set of results in CEO Marissa Mayer's tenure. The company's revenue matched analysts' expectations as well, and was an increase of 4 percent over 2011's fourth quarter, evidence that Mayer's ambitious turnaround plans are having an impact. The Sunnyvale, California company also reported full-year revenue of $4.5 billion, up 2 percent from fiscal 2011. The results were seen as a win for Mayer, a former Google employee, who has enjoyed tremendous popularity with media and Yahoo shareholders since she took the office about six months ago.
Yahoo issued its fourth-quarter results after Monday's closing bell, sending shares higher by about 5 percent as earnings topped Wall Street estimates in the third set of results in CEO Marissa Mayer's tenure. The company's revenue matched analysts' expectations as well, and was an increase of 4 percent over 2011's fourth quarter, evidence that Mayer's ambitious turnaround plans are having an impact. The Sunnyvale, California company also reported full-year revenue of $4.5 billion, up 2 percent from fiscal 2011. The results were seen as a win for Mayer, a former Google employee, who has enjoyed tremendous popularity with media and Yahoo shareholders since she took the office about six months ago.
Jan
18th
Intel Shares Slip on Fourth Quarter Earnings Slide
By Ronnie
Intel Shares Slip on Fourth Quarter Earnings
Slide
Tech stocks were pressured Friday by shares of Intel Corp. after the world's largest computer chip maker posted a drop in earnings and revenue for last year's final three months. The company issued the report after Thursday's closing bell, holding back stocks including the company's own shares, which were down 6.7 percent with just a half hour left in Friday's session. The other chipmakers saw their shares slip, as well, though the broader Nasdaq had rebounded late in the session and was just shy of breaking even for the day with the trading day nearly over.
Tech stocks were pressured Friday by shares of Intel Corp. after the world's largest computer chip maker posted a drop in earnings and revenue for last year's final three months. The company issued the report after Thursday's closing bell, holding back stocks including the company's own shares, which were down 6.7 percent with just a half hour left in Friday's session. The other chipmakers saw their shares slip, as well, though the broader Nasdaq had rebounded late in the session and was just shy of breaking even for the day with the trading day nearly over.
Jan
10th
Layoff Plans Diminish Impact from AMEX's Solid 4th Quarter
By Ronnie
Layoff Plans Diminish Impact from AMEX's Solid 4th
Quarter
American Express has succumbed to the fiscal crunch plaguing financial services firms in recent months, announcing Thursday that it will cut some 5,400 jobs from its underperforming travel unit. The company did say that some of the lost jobs will be replaced by new positions in other divisions, but the company does expect to reduce its current workforce of nearly 64,00 by between 4 and 6 percent by the end of this year. Morgan Stanley announced on Wednesday it was trimming payroll by about 3 percent with 1,600 layoffs, and Citigroup revealed a layoff of 11,000 last week, as well. These moves have all been part of broader efforts by the firms to revamp how they do business in the post-recession, higher regulation financial sector.
American Express has succumbed to the fiscal crunch plaguing financial services firms in recent months, announcing Thursday that it will cut some 5,400 jobs from its underperforming travel unit. The company did say that some of the lost jobs will be replaced by new positions in other divisions, but the company does expect to reduce its current workforce of nearly 64,00 by between 4 and 6 percent by the end of this year. Morgan Stanley announced on Wednesday it was trimming payroll by about 3 percent with 1,600 layoffs, and Citigroup revealed a layoff of 11,000 last week, as well. These moves have all been part of broader efforts by the firms to revamp how they do business in the post-recession, higher regulation financial sector.
Jan
9th
Earnings Season Gets Strong Start from Alcoa
By Frank Galvano
Earnings Season Gets Strong Start from
Alcoa
US corporate earnings season got off to a fast start Thursday as Alcoa matched or surpassed Wall Street expectations with earnings and revenue. As the first of the Dow Jones industrial average's 30 components to report every quarter, Alcoa often serves as a bellwether for major US stock indexes. The company also often reflects conditions throughout the broader economy as its products are used in a wide array of other industries. Alcoa's latest earnings buoyed investors, giving all three indexes small gains despite the uncertainty surrounding new regulations in the framework of President Obama's new healthcare plan and the recent cuts agreed to to divert the fiscal cliff.
US corporate earnings season got off to a fast start Thursday as Alcoa matched or surpassed Wall Street expectations with earnings and revenue. As the first of the Dow Jones industrial average's 30 components to report every quarter, Alcoa often serves as a bellwether for major US stock indexes. The company also often reflects conditions throughout the broader economy as its products are used in a wide array of other industries. Alcoa's latest earnings buoyed investors, giving all three indexes small gains despite the uncertainty surrounding new regulations in the framework of President Obama's new healthcare plan and the recent cuts agreed to to divert the fiscal cliff.
Nov
27th
Green Mountain Coffee Shares Soar 24 Percent on Upbeat Results, Forecast
By Ronnie
Green Mountain Coffee Shares Soar 24 Percent on Upbeat
Results, Forecast
Green Mountain Coffee Roasters, the company that founded the single-serving coffee market, issued its fiscal fourth-quarter results after Tuesday's closing bell, sending shares up more than 24 percent in after-market trading as sales and revenue easily topped estimates. The company also raised its forecast for the current quarter and the full year, sending shares skyrocketing. Shareholders had been nervous about Green Mountain's patents for the K-Cup brewing system, which expired in September, but its latest results allayed some of those fears.
Green Mountain Coffee Roasters, the company that founded the single-serving coffee market, issued its fiscal fourth-quarter results after Tuesday's closing bell, sending shares up more than 24 percent in after-market trading as sales and revenue easily topped estimates. The company also raised its forecast for the current quarter and the full year, sending shares skyrocketing. Shareholders had been nervous about Green Mountain's patents for the K-Cup brewing system, which expired in September, but its latest results allayed some of those fears.
Nov
12th
DR Horton Earnings Nearly Triple
By Betty
DR Horton Earnings Nearly Triple
The largest US home builder posted its fourth-quarter results on Monday, capping off its most profitable fiscal year since 2006 with a 21 percent uptick in net sales. Shares of DR Horton slumped, however, as its profit margins continued to decline, prompting investors to worry that the builder would not be able to control costs as the housing market continues to improve. Some analysts are also concerned that home builder stocks are inflated, as the sector has enjoyed outstanding stock gains for over a year, with DR Horton shares gaining over 65 percent over that span.
The largest US home builder posted its fourth-quarter results on Monday, capping off its most profitable fiscal year since 2006 with a 21 percent uptick in net sales. Shares of DR Horton slumped, however, as its profit margins continued to decline, prompting investors to worry that the builder would not be able to control costs as the housing market continues to improve. Some analysts are also concerned that home builder stocks are inflated, as the sector has enjoyed outstanding stock gains for over a year, with DR Horton shares gaining over 65 percent over that span.
Jun
28th
Nike Earnings Miss Wall Street Projections
By Dave Simmons
Nike Earnings Miss Wall Street
Projections
The world's leading sport apparel manufacturer Nike reported its fiscal fourth-quarter results after Thursday's opening bell, driving shares down 12.5 percent in after-hours trading after earnings fell on higher costs despite an overall increase in revenue. The company also cited a higher effective tax rate, and increased marketing expense related to its sponsorship of the European Soccer Championships, which is ongoing, and the upcoming 2012 Summer Olympics in London as factors in the disappointing results.
The world's leading sport apparel manufacturer Nike reported its fiscal fourth-quarter results after Thursday's opening bell, driving shares down 12.5 percent in after-hours trading after earnings fell on higher costs despite an overall increase in revenue. The company also cited a higher effective tax rate, and increased marketing expense related to its sponsorship of the European Soccer Championships, which is ongoing, and the upcoming 2012 Summer Olympics in London as factors in the disappointing results.
May
9th
Toyota Profit Up 300 Percent
By Frank Galvano
Toyota Profit Up 300 Percent
Toyota Motor Company issued its fiscal fourth-quarter results Wednesday, capping off one of the worst years in the automaker's history with a surprisingly profitable final three months that saw earnings quadruple from a year ago when the company's production was brought to a standstill by the devastating earthquake and tsunami that struck Japan last March 11th. The strong results in the fourth quarter represent a return to form for Toyota, which lost the title of the world's biggest automaker to General Motors last year, as the disaster caused production delays to the tune of hundreds of thousands of vehicles.
Toyota Motor Company issued its fiscal fourth-quarter results Wednesday, capping off one of the worst years in the automaker's history with a surprisingly profitable final three months that saw earnings quadruple from a year ago when the company's production was brought to a standstill by the devastating earthquake and tsunami that struck Japan last March 11th. The strong results in the fourth quarter represent a return to form for Toyota, which lost the title of the world's biggest automaker to General Motors last year, as the disaster caused production delays to the tune of hundreds of thousands of vehicles.
Viewing 1 - 10 of 159
Top Stories
Latest DT's
-
2 months ago by Geno -
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
3 months ago by Geno
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
