Finance
featured
John Rogers, President and CEO of CFA talks the importance of creating a professional standard in the financial industry.
» Read More
More
-
TOKYO, Jan 30- Japan's Canon Inc posted a 17.9 percent drop in quarterly operating profit on Wednesday, hurt by a strong yen and weaker demand for compact cameras as consumers switched to smartphones.
-
*Q4 operating profit 107 bln won vs 151 bln won forecast. SEOUL, Jan 30- LG Electronics Inc fell short of consensus forecasts in quarterly earnings on Wednesday, with profits in its TV division tumbling to around one tenth of year-earlier levels as the world's No.2 TV maker bumped up promotional spending in the year-end holiday season.
-
*Yahoo Japan jumps on share buyback, earnings and div forecast hikes. TOKYO, Jan 30- Japan's Nikkei share average rose on Wednesday, led by gains in Softbank Corp and Yahoo Japan Corp on optimistic profit expectations while earnings-related news dominated the market as investors awaited trading cues from the corporate sector.
-
South Korean chipmaker SK Hynix returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple, but it fell far short of forecasts on weak sales of computer chips and a strong won.
-
*Weaker orders from Apple seen capping earnings upside. SEOUL, Jan 30- South Korean chipmaker SK Hynix Inc returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple Inc, but it fell far short of forecasts on weak sales of computer chips and a strong won.
-
SEOUL, Jan 30- South Korean memory chipmaker SK Hynix Inc returned to a quarterly operating profit on Wednesday, helped by solid mobile component sales to Apple Inc and Chinese customers.
-
*Expects 2013 oper profit of $6.60- $7.00/ shr vs est $7.89. *4th- qtr operating profit $1.43 vs $1.90 a year earlier. The company forecast an operating profit of between $6.60 and $7.00 per share for 2013, below the average analyst forecast of $7.89 per share.
-
SAN FRANCISCO, Jan 29- Amazon.com Inc shares hit a new record on Tuesday after it reported better-than-expected quarterly profit, fueled by the growth of higher-margin businesses during the fiercely competitive holiday quarter.
-
SAN FRANCISCO, Jan 29- Amazon.com Inc shares hit a new record on Tuesday after the world's largest Internet retailer reported better-than-expected quarterly profit, fueled by growth of higher-margin businesses. This supports the bull case that Amazon can monetize its growth over the longer term. "
-
Jan 29- Pfizer Inc and Eli Lilly and Co reported better-than-expected fourth-quarter profits as deals, cost cutting and strong sales of new products helped the pharmaceutical companies weather generic competition for once top-selling products.
-
Jan 29- Insurer ACE Ltd reported a 24 percent fall in quarterly operating profit, hurt by losses resulting from superstorm Sandy, and forecast a full-year profit below analysts' estimates. The company forecast an operating profit of between $6.60 and $7.00 per share for 2013, below the average analyst forecast of $7.89 per share.
-
TORONTO, Jan 29- Canadian Pacific Railway Ltd said on Tuesday its aggressive efficiency push would pay off in a 40 percent increase in earnings this year, sending its shares to an all-time high even after it reported a sharp drop in profit on charges related to the restructuring.
-
NEW YORK, Jan 29- A bid to take Dell Inc private by buyout firm Silver Lake and its partners underscores the financing market's willingness to lend up to $15 billion to the world's No.3 PC maker-- money that could be used to buy back shares and pay dividends even if the deal doesn't come together.
-
Jan 29- Data storage equipment maker EMC Corp expects IT spending to improve slightly this year on the back of demand for cloud computing and data analytics but offered a 2013 earnings outlook that missed estimates.
-
*Bank of Italy highlighted problems, imposed sanctions. Speaking before the parliamentary finance committee, Grilli went through a series of steps undertaken by the Bank of Italy, which is responsible for supervising the banking sector.
-
NEW YORK, Jan 28- Just over a month ago, Boeing was flying high. Perhaps best of all, Boeing was shortly to reclaim the title of world's biggest plane maker, snatching back an honor that its arch rival Airbus had held for a decade.
-
Northeast in late October and forced the shutdown of New York area airports, reduced JetBlue's revenue by about $45 million and dented profit by $30 million. "Hurricane Sandy was the major headline for JetBlue during the fourth quarter," Chief Executive Dave Barger said during the company's earnings conference call. "
-
*Fourth-quarter adjusted earnings $34/ shr vs est $32/ shr. Jan 29- Specialty glass maker Corning Inc's quarterly profit beat Wall Street estimates as strong sales of its scratch-resistant Gorilla Glass used in smartphones and tablets more than made up for weakness in its LCD glass business.
-
*Earnings of $1.88 per share beat Wall Street view of $1.18. In November, the International Energy Agency forecast that U.S. oil output, aided by surging volumes from shale and other onshore rock formations, could top production from Saudi Arabia and Russia by 2017..
-
Jan 29- Top U.S homebuilder D.R. Horton Inc's quarterly profit more than doubled as it sold more homes at higher prices, and the company reported a 39 percent jump in orders, underlining a firming U.S. housing recovery.