Topic: Earnings

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million.

Shares of VeriFone Systems Inc. declined in after-hours trading Thursday after the electronic payments company said its net income shrank in its fiscal second quarter on acquisition and restructuring costs and issued a disappointing forecast for the current period.

A small group of protesters showed outside Goldman Sach's annual shareholder meeting, while inside the CEO fielded questions on regulation, Europe, pay and JPMorgan's trading losses.

WASHINGTON (Reuters) - The banking industry enjoyed its highest earnings since the first half of 2007 in the first quarter, but lending slowed, reversing what had been an encouraging trend in loan growth.

Toro's profit jumped 14 percent during the second-quarter as unseasonably warm weather got people thinking about the smell of fresh-cut grass.

Insurers, hospitals and doctors say they are forming partnerships and creating programs to find ways to slow the growth in the nation’s $2.7 trillion health care bill. The New York Times reports.

In the first quarter, the industry reported its highest quarterly earnings since the first half of 2007, but signs remain that it is having trouble fully recovering from the financial crisis.

(Reuters) - Tiffany & Co <TIF.N> lowered its fiscal-year sales and profit forecasts on Thursday, citing slowing economic growth in many countries and weakness in its home market, and the upscale jeweler's shares fell almost 7 percent.

(Reuters) - Biopharmaceutical company MediciNova Inc said its experimental asthma drug failed to meet the main goal of a second mid-stage trial, sending its shares down as much as 51 percent in extended trade.

U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.

(Reuters) - Tiffany & Co <TIF.N> lowered its fiscal-year sales and profit forecasts on Thursday, citing slowing economic growth in many countries and weakness in its home market, and the upscale jeweler's shares fell almost 7 percent.

(Reuters) - Facebook Inc's shares will likely disappoint the market in the next several quarters as growth slows for the social network, warned a Morningstar Equity Research analyst, who urged investors to avoid taking positions in the stock at present.

Fred's Inc. said Thursday its fiscal first-quarter profit rose 9.9 percent, as strong pharmacy-related results boosted its overall margins.

H.J. Heinz Co. said Thursday that its fourth-quarter net income dropped 22 percent on productivity-related charges, but its adjusted results beat analysts' estimates.

Stocks bounced off their lows to finish mixed in another choppy session Thursday amid ongoing speculation over whether Greece will exit the euro zone.