| As of Friday, November 6th: |
As of October 1st, the earnings growth rate was at -24.8%.Of the 440 S&P 500 companies who have reported Q3, 80% beat estimates, 6% were in-line, and 14% were below estimates. The blended earnings growth rate for the S&P 500 for Q3 2009 is currently at -14.8%. (Data provided by Thomson Reuters)
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Wyeth said Thursday that third-quarter earnings fell slightly, hurt by charges tied to productivity initiatives that offset higher sales of its pharmaceutical products.
Wyeth [WYE
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], which has endured a string of setbacks to its experimental drugs, also launched a $5 billion stock buyback program.
Profit fell to $1.15 billion, or 84 cents per share, from $1.16 billion, or 85 cents per share, a year earlier.
Excluding a charge tied to productivity initiatives, earnings were 90 cents per share, matching the analysts' average forecast compiled by Reuters Estimates. Revenue rose 9 percent to $5.62 billion.
Sales of Wyeth's Prevnar vaccine to prevent childhood infections rose 24 percent to $634 million. Sales of its Effexor antidepressant rose 4 percent to $958 million.
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- Kohl's Profit Beats Street, But Outlook Falls Short
Department store operator Kohl's Corp reported a larger-than-expected quarterly profit Thursday, but gave an outlook below Wall Street estimates for the period that includes the key holiday season.
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Britain's BT Group increased its revenue and dividend forecast for the full year on Thursday after stringent cost cuts helped the former telecoms monopoly to beat second quarter core earnings expectations.
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Applied Materials shares rose in after-hours trading after the company reported earnings and revenue that beat analysts' expectations, and said it planned to cut jobs globally.
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Data is a real-time snapshot *Data is delayed at least 15 minutes