Home Depot Earns 83 Cents/Share in Q1 vs 77 Cents/Share Forecast
Latest Business News Wires - Business Headlines
More
-
*Property crashes in Spain, Ireland intensified crisis. A bursting of the property bubbles in Ireland, Spain and, to a lesser extent, Portugal not only erased years of economic growth but left banks with trillions of euros of bad loans and has pushed up unemployment to record levels.
-
*Facebook slumps in premarket after earnings. Facebook Inc shares lost 4.6 percent to $29.83 in premarket trading. Qualcomm Inc gained 6.3 percent to $67.55 in premarket trading after the world's leading supplier of chips for cellphones beat analysts' expectations for quarterly profit and revenue and raised its financial targets for 2013..
-
Jan 31- Viacom Inc said quarterly revenue fell 16 percent on weaker results from its movie studio Paramount Pictures and lower advertising revenue at its stable of cable networks. Viacom's cable networks include MTV, Nickelodean and Comedy Central.
-
*Quarterly adjusted EPS $1.51 vs $1.49 expected. *Sees 2013 adjusted EPS between $5.65 and $5.85. Excluding items, adjusted earnings were $1.51, which beat the average estimate on Wall Street of $1.49, according to Thomson Reuters I/B/E/S.
-
*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
-
Shawn Guertin, who has been with Aetna since 2011 and was previously CFO of Coventry Health Care Inc, which Aetna is buying, will replace Zubretsky on Feb. 25. The Hartford, Connecticut company announced plans in August for the $5.6 billion acquisition of Coventry, part of a strategy to expand in government-sponsored healthcare programs like Medicare.
-
*Q4 profit of 64 cents a share, minus items, beats expectations by 3 cents. NEW YORK, Jan 31- Nasdaq OMX Group reported a higher fourth-quarter profit on Thursday, as an increase in non-transaction-based revenues outweighed an industry-wide drop in trading volumes.
-
The maker of Hillshire Farm lunch meat and Jimmy Dean sausage said it expects commodity costs to get more "challenging" as 2013 progresses. Still, the newly independent meat company forecast earnings of $1.60 to $1.70 per share in fiscal 2013. Its prior outlook called for $1.40 to $1.55 per share.
-
In another show of rising risk appetite, the 53 leading investors in the United States, Europe and Japan who took part in the poll, lifted their holdings of euro zone stocks to a 10- month high on average, with more than 80 percent convinced that the worst of the euro debt crisis is over.
-
Jan 31- United Parcel Service Inc reported fourth-quarter earnings below analysts' estimates and set a weaker-than-expected profit forecast for 2013, sending its shares lower.
-
Jan 31- Money manager Invesco Ltd, which runs the Powershares brand of exchange-traded funds, said its fourth-quarter profit slipped 7 percent. Net income totaled $158.7 million, or 35 cents per share, in the fourth quarter compared with $170.6 million, or 38 cents per share, in the same period a year earlier, Atlanta- based Invesco said in a release on Thursday.
-
LONDON, Jan 31- North Sea Forties oil exports to South Korea, a specialised trade that has supported crude prices, may drop in coming weeks due to maintenance at refineries, potentially weakening a source of support for Brent oil prices.
-
Jan 31- United Parcel Service Inc reported a net loss in the fourth quarter after a $3 billion one-time charge from pension accounting, and forecast that 2013 earnings would rise 6 percent to 12 percent. UPS, the world's largest parcel delivery company, on Thursday posted a fourth-quarter net loss of $1.75 billion, or $1.83 per share, after the non-cash charge.
-
"I wouldn't read too much into it," said Carsten Fritsch, an oil analyst at Commerzbank in Frankfurt, adding he expected oil prices to make further gains this week. And we have these ongoing supply risks in the Middle East and North Africa, with more and more countries coming into the spotlight, like Algeria and Egypt. "
-
Jan 31- Zimmer Holdings Inc on Thursday reported slightly weaker quarterly net earnings, as the orthopedic device maker continued to trim costs. Fourth-quarter net earnings were $152.8 million or 88 cents per share, compared with $156.6 million, or 87 cents per share.
-
*AstraZeneca down sharply, warns of tough year ahead. LONDON, Jan 31- European shares fell on Thursday as investors waded through a stack of earnings reports, with disappointing results from heavyweights AstraZeneca and Royal Dutch Shell taking their toll on market sentiment.
-
*Earnings of $1.41/ share top Wall Street view of $1.40. *Venezuela crimps volume, gross margin in Latin America. Jan 31- Colgate-Palmolive Co posted a slightly bigger increase in quarterly profit than Wall Street was expecting on Thursday as it raised prices and used more advertising to entice shoppers to buy its toothpaste and other products.
-
FRANKFURT, Jan 31- German chipmaker Infineon forecast a rise in second-quarter sales and operating profit on Thursday as its key car clients started to restock, and said broader demand would also pick up.
-
*Q4 pretax loss 2.6 bln euros. FRANKFURT, Jan 31- Deutsche Bank plunged to a 2.6- billion-euro quarterly loss after it took charges aimed at drawing a line under a series of scandals and cleaning up its balance sheet without asking shareholders for cash.
-
Jan 31- Energizer Holdings Inc posted a lower quarterly profit on Thursday, as its businesses continue to come under pressure, though battery sales got a boost when Superstorm Sandy led people to stock up. Energizer said it earned $129.8 million, or $2.07 per share, in the fiscal first quarter ended Dec. 31, down from $143.8 million, or $2.15 per share, a year earlier.