Shares of Walgreen Co. surged more than 7 percent in midday trade after the company reported record quarterly earnings and sales for the first quarter of fiscal year 2011. Get the full story »
Filed under: Earnings
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Walgreen’s 1Q profits up 19%
Amid a tough economy, Walgreens first-quarter profits jumped nearly 19 percent in its first quarter thanks to intensifying cost controls such as slowing store expansions. The results, which beat analysts’ expectations, come even as the Deerfield-based drugstore giant’s sales at stores open at least a year grew less than one percent in the period ended Nov. 30. Get the full story »
Navistar posts lower quarterly profit
Navistar International Corp. reported lower quarterly earnings Wednesday, pulled down by employee termination costs from its new union contract. Get the full story »
Dec. 16, 2010 at 4:26 p.m.
Comments Off
Filed under: Cell phones, Earnings, Technology, Telecommunications, Wireless RIM sees 3Q profits rise 45% on Torch strength
Research In Motion reported results that mostly beat expectations Thursday, and the BlackBerry maker forecast strong profits for the current quarter, pushing its shares higher in after-hours trade.
RIM said net profit jumped 45 percent in its third quarter, which ended Nov. 27. It said results were boosted by strong sales of its flagship Torch smartphone, a new product that combines a touch screen like Apple’s iPhone with RIM’s trademark mini keyboard. Get the full story »
General Mills pegs full-year profit to higher prices
General Mills Inc. said price increases on foods such as frozen vegetables and baking products should help it meet its profit target for the year.
The company also said it is on track to cut $1 billion in costs by the end of May 2012, which should help offset rising commodity costs that contributed to weaker-than-expected second-quarter results. And new products such as Cinnamon Burst Cheerios and Gluten Free Bisquick will lift sales. Get the full story »
Discover earns $350M as credit improves
Discover Financial Services reported a quarterly profit of $350 million on Thursday as consumers spent more on their credit cards and the company expanded its non-lending lines of business. The credit card lender and transaction-processing network said it earned 64 cents per share in its fiscal fourth quarter ended Nov. 30. Get the full story »
Discover call-options trading surges before earnings
From Bloomberg News | Riverwoods-based Discover Financial’s call options trading jumped to triple the four-week average, amid wagers that Discover’s stock will rally after its Dec. 16 earnings report.
AptarGroup rival Greif tops Wall Street Q4 view
Greif Inc., a maker of industrial packaging products, posted better-than-expected quarterly results, helped by solid sales at all its packaging divisions.
The company, which competes with Crystal Lake-based AptarGroup Inc., saw quarterly revenue rise 31 percent to $993.9 million. Get the full story »
Kroger fuels supermarket sector price war jitters
Kroger Co. cut some prices in its latest quarter, fueling worries that the slow U.S. economic recovery will cause another flare-up in the supermarket industry’s intense and profit-denting price war. Get the full story »
Deere profit beats Street forecast, outlook misses
Deere & Co. reported a stronger-than-expected quarterly profit on Wednesday as sales of its tractors and harvesters in North America and other markets offset continued poor demand in Europe.
The world’s largest maker of farm equipment offered a cautious preliminary forecast for 2011 that fell short of Wall Street’s forecasts, however, sending its shares lower in premarket trading. It warned that the coming year would be complicated, with a record number of new model introductions as a result of new, more stringent emissions standards in many markets. Get the full story »
Easy URL unleashed Disney earnings leak
The Walt Disney Co.’s early release of its earnings report this month came down to a Dumbo move: The company made the information accessible on an easy-to-guess Web address.
Disney didn’t plan on posting the link on its site until after the market closed. But a reporter at Bloomberg News found it with simple Internet sleuthing and reported results about a half-hour before the scheduled release, according to a person familiar with Bloomberg’s practices. The person was not authorized to speak publicly and spoke on condition of anonymity. Get the full story »
Gap profit off 1.3%, sales up 1.7% in 3Q
Gap Inc.’s fiscal third-quarter profit fell 1.3 percent, though share repurchases boosted the the casual-apparel retailer’s per-share earnings.
But shares of Gap, which affirmed its fiscal-year outlook, were down 2.1 percent, at $20.47, after hours as margins fell and the company said it would close fewer stores than previously planned. Get the full story »
3Q profit better than expected for Dell, sales weaker
Dell Inc. reported better-than-expected profit and margins and raised its yearly outlook for operating income growth, but sales came in below Wall Street’s forecast despite solid demand from large corporations.
The personal computer maker reported net earnings for the third quarter ended Oct. 29 of $822 million, or 42 cents a share, up from $337 million, or 17 cents a share, a year earlier. Get the full story »
Sears 3Q loss widens on weaker sales
Sears Holdings Corp. reported a larger quarterly loss, citing tepid sales of apparel and appliances at its namesake department stores.
The company, which also operates Kmart discount stores, said its net loss widened to $218 million, or $1.98 a share, in the third quarter ended on Oct. 30 from $127 million, or $1.09 a share, a year earlier. Sales at the company, led by hedge fund manager Edward Lampert, fell about 5 percent to $9.68 billion. Get the full story »
Tilton expects U.S. airlines to earn $4B in 2010
U.S. airlines are projected to post $4 billion in profits for 2010, the chairman of the newly formed United Continental Holdings said Wednesday.
Speaking to an industry group in Washington, D.C., Glenn Tilton said the United Continental balance sheet needs a ”tremendous amount of deleveraging” and that it may be time to focus on making balance sheets more resilient.
The carrier has about $9 billion in cash. Get the full story »
