The company beat, and beat handily Wall Street expectations with its third quarter earnings, coming in at 42 cents when the Street was looking for something closer to 39 cents.
What follows is a roundup of corporate earnings reports for Wednesday, May 12.
Stocks advanced Wednesday after Spain promised to take wide austerity measures and Intel said it expects earnings growth to double. Techs and industrials led the way. Gold surged.
With Cisco up about 10% over the past 3 months, how should you game this stock into and in the wake of Wednesday earnings?
Yeah, you read that headline right: IBM is offering up a 5-year earnings plan, and for a company in tech — really any company — to offer such visibility is substantial, and intriguing. Oh, and the 5-year plan has IBM reporting $20 a share in operating earnings by 2015.
Stocks advanced Wednesday after Spain promised to take wide austerity measures and Intel said it expects earnings growth to double.
Stocks opened higher on Wednesday, following a rocky trading session yesterday that left the blue-chip index down 0.3 percent. How should investors be positioned? Ronald Weiner, president and CIO of RDM Financial Group and Charlie Smith, CIO of Fort Pitt Capital Group shared their market outlooks.
After a sharp selloff last week, techs saw a strong comeback on Monday with the Nasdaq rising almost 5 percent. Will the sector lead the markets out of a correction? Ted Moore, portfolio manager at Fifth Third Asset Management, and Ronald Gruia, principal telecom analyst at Frost & Sullivan, discussed their best picks.
With Europe giving the greenlight to a $1 trillion emergency rescue package, has the bull been given the all clear? Will stocks resume their climb higher?
There’s a debate raging among market strategists and technical analysts as to whether last week’s plunge was a long overdue, healthy correction or just a meaningless computer glitch.
I guess what I'm trying to say is that when you look at growth prospects and solid financial performers; tech ought to be the new destination when investors are looking to fly to some quality locale.
Stocks shot out of the gate Monday after the EU and IMF agreed to a $1 trillion emergency-rescue package for Greece and other nations over the weekend.
The volatility that zapped stock prices in the past week could continue to deliver some jolts in the week ahead.
In a wild trading week that prompted major US exchanges to cancel trades amid fears of trader errors and computer system malfunction, the three major equity indices fell 5.7% or greater for the week.
The Dow tumbled more than 100 points on Friday, despite an encouraging sign on the jobs front, after some more swings between positive and negative territory in the first half hour of trading. How should investors be positioned in the wake of Thursday’s wild market actions? Quincy Krosby, market strategist at Prudential Financial shared her insights.
The NYSE and Nasdaq engaged in a high-stakes blame game on CNBC this morning.
Markets opened lower Tuesday, with the Dow down more than 100 points, as the dollar firmed amid worries about the European debt crisis. Uri Landesman, president of Platinum Partners and Ethan Anderson, portfolio manager at Rehmann Financial discussed their outlooks.
Anybody who’s worked in a big company knows how hard it can be to find “the right someone” on short notice to help you solve a pressing business-innovation problem...But three big companies have begun to figure out how to build these large-scale pull platforms to create value for customers...and in the process, they’ve driven sustainable long-term results.
Stocks advanced on this first trading day of May after some positive economic reports and details of a European financial rescue package for Greece provided some measure of relief.
The real question with Hewlett-Packard's $1.2 billion purchase of Palm is can it do in the marketplace what Palm was unable to do by itself?