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| As of Friday, November 20th: |
LATEST EARNINGS RESULTS
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Troubled insurer American International Group posted its largest-ever quarterly loss on Monday, hurt once more by write-downs on assets linked to subprime mortgages and capital losses.
AIG—saved from bankruptcy by a $123 billion government lifeline in recent weeks—said its third-quarter net loss was $24.47 billion, or $9.05 a share, compared with a year-earlier profit of $3.09 billion, or $1.19 a share.
The loss included write-downs of $7.05 billion on credit default swaps, adding to the $25 billion in market losses on these debt guarantees in the previous three quarters.
AIG also recorded $18.31 billion in capital losses in the third quarter.
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On Monday, AIG said it had reached an agreement to revise terms of an earlier federal rescue plan, which cuts its holdings of troubled mortgage debt and eases repayment terms.
AIG shares [AIG
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] rose about 14 percent to $2.41 after the third-quarter report, issued before regular trading on the New York Stock Exchange.
A year ago, AIG stock was trading at about $57 a share.
It closed at $2.11 on Friday, off an all-time low of $1.25 in the hours before the federal government stepped in on Sept. 16 with an $85 billion loan.
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- Horton Results Miss Estimates, Shares Drop
D.R. Horton, the No. 2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down nearly 7 percent even though it also said orders increased.
- Dell Shares Smacked as Earnings, Sales Miss Forecasts
The computer maker reported financial results that were worse than last year and also fell short of Wall Street expectations, punishing the company's shares.
- Gap Reports Earnings in Line With Forecasts
Gap posted a profit that matched forecasts Thursday, though the retailer edged Wall Street's sales expectations.
- Horton Results Miss Estimates, Shares Drop
- Intuit Posts Narrower-Than-Expected Loss
Intuit, maker of QuickBooks accounting software, posted a narrower-than-expected quarterly loss on tight cost controls, though it issued a profit outlook below Wall Street projections.
- Intuit Posts Narrower-Than-Expected Loss
- Sears Posts Second Consecutive Quarterly Loss
- BJ's Wholesale Profit Falls, Hurt by Falling Food Prices
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- Vivendi Profit Up More Than 5%, Keeps 2009 Goals
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Data is a real-time snapshot *Data is delayed at least 15 minutes