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Earnings Announcements

  • LOS ANGELES, Oct 31- MGM Resorts International posted a narrower third-quarter loss on Thursday but analysts were disappointed by lower-than-expected margins at its Chinese and Las Vegas operations. MGM's net loss slimmed to $31.9 million, or 7 cents a share, from $181.2 million, or 37 cents, a year earlier.

  • *Third-quarter earnings $1.74/ share vs est. Oct 31- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would miss its full-year profit forecast, mainly due to subscriber losses in Mexico and higher investments in its 4 G network.

  • UPDATE 1-Marathon Petroleum profit less than expected Thursday, 31 Oct 2013 | 10:44 AM ET

    Oct 31- U.S. refining company Marathon Petroleum Corp posted a lower-than-expected quarterly profit on Thursday, hurt by shrinking crude discounts and weakness in products markets.

  • TORONTO, Oct 31- Canadian plane and train maker Bombardier Inc reported a 15 percent fall in net profit on Thursday, pressured by fewer aircraft orders and deliveries in the third quarter and contract issues in its train unit. The results came in below expectations and sent shares falling 8 percent on the Toronto Stock Exchange.

  • Expedia surges on strong Q3     Thursday, 31 Oct 2013 | 10:32 AM ET

    In an exclusive interview, Expedia CEO Dara Khosrowshahi talks about the company's plans for global expansion and its growing competition. CNBC's Simon Hobbs reports.

  • *Sony cuts full-year profit forecast after Q2 net loss. *Weak numbers stir doubts over Sony CEO Hirai's strategy. TOKYO, Oct 31- Sony Corp CEO Kazuo Hirai's determination to stick to the consumer electronics that made the company's fame will be put to the test in the months ahead as domestic rivals step up a shift to more profitable industrial technology.

  • Spirit CEO: New revenue streams for airlines     Thursday, 31 Oct 2013 | 10:20 AM ET

    Ben Baldanza, Spirit Airlines, president & CEO, discusses Spirit's strategy of relying on fees that led them to a "great" 3Q.

  • *EPS $1.79 v Street view $1.77. Oct 31- Exxon Mobil Corp, the world's largest publicly traded oil company, reported higher-than-expected quarterly results on Thursday as output rose for the first time in more than two years, but refining weakness hurt earnings.

  • Facebook's teenage nightmare     Thursday, 31 Oct 2013 | 10:04 AM ET

    Is now the time to buy Facebook? Kim Caughey Forrest, Fort Pitt Capital Group, and Arvind Bhatia, Sterne, Agee & Leach, debate the long-term future of Facebook and the value it currently holds.

  • Oct 31- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it will miss its full-year adjusted operating profit forecast, largely due to subscribers losses and higher investments.

  • Oct 31- U.S. refining company Marathon Petroleum Corp on Thursday said its third-quarter profit fell sharply, hurt by shrinking crude discounts and weakness in products markets. For the quarter, Marathon posted net income of $168 million, or 54 cents per share, compared with $1.22 billion, or $3.59 per share, in the year-ago quarter.

  • SAO PAULO, Oct 31- Gerdau SA, the largest steelmaker in the Americas, on Thursday reported a higher-than-expected quarterly profit, with rising sales volumes and cost controls in Brazil offsetting declining margins in North America, Europe and India.

  • UPDATE 2-Exxon's quarterly profit down but output rises Thursday, 31 Oct 2013 | 9:27 AM ET

    *EPS $1.79 v Street view $1.77. Oct 31- Exxon Mobil Corp, the world's largest publicly traded oil company, reported higher-than-expected quarterly results on Thursday as output rose for the first time in more than two years, but refining weakness hurt earnings.

  • Oct 31- Avon Products Inc posted weaker-than-expected quarterly results on Thursday, on another big sales drop in North America and weakness in growing markets like Mexico and Russia, stalling the beauty company's turnaround. Revenue fell 7 percent to $2.26 billion while Wall Street analysts expected $2.44 billion, according to Thomson Reuters I/B/E/S.

  • *2014 earnings forecast $3.10- $3.40/ share vs est. The Pentagon's spending fell by $37 billion in 2013 and is likely to fall further by about $52 billion in 2014.. Boeing Co reported a 5 percent fall in sales of its military aircraft in the third quarter ended Sept. 30, while sales at General Dynamics Corp's combat systems business fell 30 percent.

  • US STOCKS-Wall St set to open flat, near record levels Thursday, 31 Oct 2013 | 8:56 AM ET

    *Facebook rises in premarket, trading could be volatile. Optimism about earnings was boosted by Exxon Mobil Corp, one of the largest U.S. companies by market cap, which reported adjusted third-quarter earnings that beat expectations, sending shares 0.8 percent higher to $89.53 in premarket trading.

  • Cigna, which provides U.S. and overseas health insurance as well as disability and life insurance, said it expected full-year earnings of $6.70 to $6.90 per share. The company said the results reflected continued medical cost management and a lower operating expense ratio that were partly offset by some pressure on its private Medicare plans for older people.

  • *Expects $8.9 bln from asset sales in Kazakhstan, Algeria, Nigeria. Oct 31- ConocoPhillips expects about $8.9 billion in proceeds from the sale of assets in Kazakhstan, Algeria and Nigeria and reported a better-than-expected quarterly profit due to higher oil and gas prices.

  • European shares edge higher on encouraging earnings Thursday, 31 Oct 2013 | 8:39 AM ET

    *Royal Dutch Shell drops after results. LONDON, Oct 31- European shares edged higher to trade near a five-year high by midday trading on Thursday, with automobile and financial sectors advancing after some encouraging company results.

  • The Montreal- based company, the primary unit of media and telecommunications company Cogeco Inc, said late Wednesday its profit fell to C $43.9 million in the quarter, or 90 Canadian cents a share, from C $45.7 million, or 93 Canadian cents a share, a year ago.

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