Earnings Announcements
-
April 3- Monsanto Co, the world's largest seed company, raised its full-year profit expectations on Wednesday after posting a better-than-expected second quarter, driven largely by strength in its corn business.
-
NEW YORK-- G-III Apparel Group Ltd.' s fiscal fourth-quarter profit jumped 62 percent as the company sold more clothing. It has fashion licenses for brands including Calvin Klein, Sean Jean and Kenneth Cole, as well as licenses with professional sports teams and colleges. G-III said that it earned $8.1 million, or 40 cents per share, for the period that ended Jan. 31.
-
ATLANTA-- Electronic payments processor Global Payments Inc. said Tuesday that its fiscal third quarter earnings rose nearly 4 percent on higher revenue, but the results still missed Wall Street estimates.
-
ATLANTA-- Oxford Industries Inc.' s fiscal fourth-quarter profit fell about 25 percent, but its adjusted results showed a gain in profit with strength in its Tommy Bahama and Lily Pulitzer brands offsetting weakness of its Ben Sherman's business.
-
WASHINGTON, April 2- Mortgage finance company Fannie Mae posted a record $7.6 billion in quarterly earnings, but it refrained from booking a tax-related gain that would have allowed the bailed-out company to repay as much as $59 billion to taxpayers. Treasury, to help pay back the roughly $117 billion that Fannie Mae owes taxpayers.
-
Delta Air Lines shares fell nearly 8 percent in the first quarter but they are still expecting a profitable first quarter.
-
*Carrier cites less last-minute government travel. April 2- Delta Air Lines Inc on Tuesday curbed its growth forecast for a key revenue measure for the first quarter, saying March demand was hurt by lower last-minute travel from government clients in the wake of U.S. budget pressures.
-
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, driven by the housing recovery.
-
*Carrier cites lower last-minute bookings. *Shares fall nearly 8 pct. April 2- Delta Air Lines Inc on Tuesday cut its first-quarter forecast for a key revenue measure as March performance weakened from January and February, and its shares fell nearly 8 percent.
-
Celanese Corp. said that the accounting policy change took effect on Jan. 1 and was retroactively applied to 2012' s fourth quarter. The Dallas company said that due to the retroactive application, its 2012 earnings per share from continuing operations fell to $2.35 from $3.81 mostly because of a $389 million mark-to-market adjustment in the fourth quarter.
-
Gerard Cassidy, RBC Capital Markets analyst, provides a preview of what to expect when big banks report earnings this quarter.
-
Brian Reynolds, chief market strategist at Rosenblatt Securities, tells CNBC that earnings per share have out-paced revenues in the last few earnings seasons because of corporate buybacks and says they should accelerate this year.
-
HONG KONG, April 2- China CSI 300 index fell for a fourth consecutive session on Tuesday, led lower by pharmaceutical stocks after a newspaper reported that proposed drug price reforms may hurt distributors' profits. The CSI300 of the leading Shanghai and Shenzhen listings ended down 0.3 percent at 2,486.4 Points, its lowest close since Jan. 11.
-
NEW YORK-- Shares of United Airlines parent United Continental Holdings Inc. fell Monday after one analyst downgraded the stock and others panned the company's latest forecast. Airline stocks have done better than the broader market in the past few months _ United Continental shares were up nearly 60 percent since early December before Monday's pullback.
-
Tesla Motors said it expects to report a first-quarter profit on both a net and adjusted basis following stronger-than-expected sales of its Model S sedan, sending its shares up nearly.
-
Shares of electric car maker Tesla Motors jumped Monday after the company said sales are running ahead of schedule and it will post a first-quarter net profit.
-
TOKYO, April 1- Japan's Nikkei share average fell to a three-week low on Monday as investors took profits in stocks such as exporters and financials that had gained in recent weeks on the back of a weaker yen and prospects of monetary easing. The index added 19.3 percent in January-March, marking its best quarterly performance since April- June 2009.
-
TOKYO, April 1- Japan's Nikkei share average fell to a two-week low on Monday morning as investors took profit after the benchmark posted its best quarterly performance in nearly four years. But expectations that the Bank of Japan will unveil aggressive monetary policy measures this week to revive the world's third-largest economy limited the fall.
-
*Daikin Industries came under pressure after Mizuho downgrade. TOKYO, April 1- Japan's Nikkei share average fell to a two-week low on Monday as investors took profit after the benchmark posted its best quarterly performance in nearly four years.
-
NEW YORK-- Standard& Poor's Ratings Services on Friday raised its credit rating on Whirlpool Corp., citing an improving economy and stronger housing market. The Benton Harbor, Mich., company reported 3 percent earnings growth in 2012, compared with the prior year that was boosted dramatically by the benefits of tax credits.