Advanced Micro Devices shares soared Wednesday after the chipmaker beat market expectations for its fourth quarter earnings. THE SPARK: The company reported after the market closed Tuesday that it lost $473 million or 63 cents per share for the quarter, compared with a loss of $177 million, or 24 cents per share, in the same quarter last year.
Jan 23- US Airways Group Inc, which has pushed hard for a merger with bankrupt AMR Corp's American Airlines, on Wednesday reported a rise in quarterly profit as higher revenue offset cost increases.
WASHINGTON-- Abbott Laboratories said Wednesday its profit fell 35 percent in the fourth quarter on costs from the spin-off of its drug business into the new company Abbvie. Abbvie will market the company's branded prescription drugs, including the blockbuster anti-inflammatory drug Humira.
DANBURY, Conn.-- Praxair's net income slipped 1 percent in the fourth quarter, pressured by unfavorable foreign currency exchange and soft economic conditions globally. Praxair earned $414 million, or $1.38 per share, for the period ended Dec. 31.
The Atlanta company still beat Wall Street expectations, which has watched the environment in the energy sector shift rapidly. RPC earned $55.4 million, or 26 cents per share, down from $74.6 million, or 34 cents per share, in the same quarter last year. Revenue fell 3 percent to $469.9 million from $482.8 million.
Jan 23- Diversified U.S. manufacturer Textron Inc posted quarterly earnings that topped analysts' forecasts and set a 2013 profit target that at its midpoint would represent growth of about 12 percent.
JACKSON, Miss.-- Regional bank Trustmark Corp. said profit in 2012' s fourth quarter rose 14 percent from the same three months of 2011, as bad loans fell and the bank made more from writing new mortgages. Trustmark said Tuesday it made a quarterly profit of $27.7 million, or 43 cents per share, up from $24.3 million, or 38 cents per share, in 2011' s fourth quarter.