Earnings Announcements
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CNBC's Phil LeBeau reports the automaker missed estimates yesterday and the stock took a beating, but it was not all bad news for the electric car maker.
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CNBC's Courtney Reagan provides a preview of the retailer's quarterly numbers, and what it indicates about the state of the economy and consumer confidence.
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Feb 21- Plane and train maker Bombardier Inc reported a 93 percent drop in fourth-quarter profit after taking a restructuring charge of $119 million. The company's net profit fell to $14 million, from $214 million a year earlier. On an adjusted basis, net income fell to $188 million, or 10 cents per share, from $227 million, or 13 cents per share, a year earlier.
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Joep Van Burden, CEO of CSR, tells CNBC that they had a good year and if there is some excess cash will return in to shareholders.
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Gareth Penny, executive chairman of New World Resources, tells CNBC that they have seen coal prices reduce by thirty percent over the course of 2012 which has resulted in a loss for the business.
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Aiman Ezzat, CFO of Capgemini, tells CNBC they are trying to increase the share of their revenue coming from fast-growth economies and North America.
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Craig Dunn, CEO of AMP, tells CNBC how falling interest rates have boosted domestic sentiment in Australia, helping achieve a 2 percent rise in fiscal-year net profit.
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DETROIT, Feb 20- Tesla Motors Inc said it expects to realize its first profit in the first quarter of 2013, after posting a net loss of $89.9 million in the fourth quarter. The fourth-quarter loss of $0.79 per share came on revenue of $306 million.
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Australia's flagship carrier Qantas Airways said it has received compensation from Boeing for delays in deliveries of the grounded 787 Dreamliner jet.
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MEXICO CITY, Feb 20- Mexico's biggest retailer, Wal-Mart de Mexico, reported a weaker-than-expected fourth-quarter profit on Wednesday, hurt by higher costs. The company, controlled by U.S. retailer Wal-Mart Stores Inc, reported a profit of 8.371 billion pesos for the October-December period, compared to 8.323 billion pesos in the same quarter a year earlier.
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Feb 20- MGM Resorts International Chairman Jim Murren said he has been approached by potential buyers for the Crystals luxury mall in its $8.5 billion Las Vegas CityCenter joint venture complex. MGM Resorts reported quarterly earnings earlier on Wednesday.
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Tesla reported a wider-than-anticipated net loss for the fourth quarter as higher production costs offset better-than-anticipated revenues.
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Owens Corning CEO Michael Thaman discusses quarterly earnings, and the state of the housing market. "We believe we will begin to grow in 2013, and we'll probably have a 3-4 year run where we could see 10-15 percent growth," he says.
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CNBC's Scott Wapner reports hedge fund manager Bill Ackman's first response to Herbalife's better than expected earnings.
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Ton Buchner, CEO of AkzoNobel, tells CNBC why AkzoNobel have responded to a solid 2012 by setting "realistic" targets which reflect a more difficult climate.
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Megan McGrath, MKM Partners analyst, breaks down the home builder's first quarter earnings, and explains why she has a "neutral" rating on the stock and a $33 price target.
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Arne Sorenson, CEO & President of Marriott International, discusses his company's better than expected fourth quarter, and explains why he expects per-room revenue to rise four to seven percent this year.
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*Return on equity seen topping Brazil's average. *Profit beats poll estimates on asset management.
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CNBC's Kate Kelly has the update from the company's conference call, on the heels of a healthy fourth quarter earnings beat on both the top and bottom line.
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What should investors expect from the nutritional and weight-loss supplement seller? CNBC's Kate Kelly reports.