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Sprint Nextel Corp.’s second-quarter loss widened as overall subscribership fell and the company booked a $302 million tax-related charge.
Still, shares jumped 5.4 percent in premarket trading to $5.09. As of Tuesday’s close, the stock had risen 32 percent this year. Get the full story »
Fears that Tellabs Inc. may lose some business with top customer AT&T Inc. to a rival sent the company’s shares down nearly 6 percent Tuesday, despite its stronger-than-expected results and outlook.
The communications equipment maker said it was benefiting from a push by phone companies to upgrade wireless networks that support smartphones and other new devices, but cited tough competition among vendors. Get the full story »
PrivateBancorp Inc. stock is up 12.6 percent, to $11.94 a share, in mid-day trading as the Chicago-based parent of PrivateBank posted a narrower-than-expected second-quarter loss and sounded slightly more positive about the economy than one of its rivals did last week.
“The economy is growing but the recovery will be slow and uneven,” Chief Executive Larry Richman said in an earnings conference call. But “I do believe the real estate portion of the economy remains very slow and weak.” Get the full story »
Domino’s Pizza Inc. Tuesday reported weaker-than-expected sales at its established U.S. restaurants, sending its shares down 3.8 percent.
The shortfall overshadowed a much better-than-expected second-quarter profit from the pizza delivery chain, which was helped by better-than-expected sales abroad. Get the full story »
Corn Products International Inc. posted a higher-than-expected quarterly profit, helped by strong volume growth, and raised its 2010 profit outlook.
The company expects a full-year profit of $2.55 to $2.75 per share, compared with its earlier estimate of $2.25 to $2.60 a share. Get the full story »
Alberto Culver Co. posted a stronger-than-expected quarterly profit, as the maker of Alberto V05 and Tresemme shampoos saw double-digit sales growth across its beauty care brands.
Net income in the third quarter ended June 30 rose about 69 percent, to $47.2 million, or 47 cents a share, from almost $28 million, or 28 cents a share, a year earlier. Get the full story »
The Seattle-based chain, which has just completed a restructuring, raised its fiscal 2010 earnings target to $1.22 to $1.23 per share, from $1.19 to $1.22 per share previously. Analysts on average were looking for a profit of $1.23 for the fiscal year ending September 2010. Get the full story »
Bank of America and Citigroup posted better-than-expected quarterly earnings on lower credit losses, but their shares fell as the banks highlighted the challenge of boosting revenue in a stagnant economy.
As with JPMorgan Chase & Co., which reported Thursday, the banks’ investment banking profits were down, a bleak sign for Goldman Sachs Group Inc. and Morgan Stanley, whose results are due next week. Get the full story »
Google Inc. missed Wall Street’s profit estimates in its second quarter, as rising operating expenses offset a 24 percent jump in the Internet search giant’s revenue.
Shares of Google fell 4.1 percent after its earnings report Thursday afternoon. Get the full story »
AAR Corp.’s fiscal fourth-quarter earnings dropped 21 percent as the aircraft leasing and maintenance company waits for its commercial aviation business to pick up.
The company has warned that recovery in its commercial-airlines business has been less robust than expected. The recession skewered that market, with a drop in travel and tight credit forcing AAR’s commercial-airline customers to cut back. However, the company’s sales to defense contractors have held up. Get the full story »
Intel Corp. delivered a better-than-expected sales forecast and results on strong corporate demand for personal computers and servers, despite concerns over a tech industry slowdown.
Shares of the world’s No. 1 chipmaker rose 5 percent, to $22.06, after hours on the strong second-quarter report. The news also boosted sector stocks and Standard & Poor’s 500 stock index futures, suggesting a strong open Wednesday. Get the full story »
Alcoa Inc., the largest U.S. aluminum producer, posted a second-quarter profit Monday, beating Wall Street estimates as sales soared 22 percent.
The company cited strength in several industrial sectors and raised its estimate for aluminum consumption this year. Get the full story »
In this photo taken April 16, 2010, central Illinois farmer Gary Niemeyer fills his planters with DEKALB seed corn on his farm in Auburn, Ill. DEKALB is one of Monsanto's leading North American brands. (AP Photo/Seth Perlman)
Monsanto Co., the world’s biggest seed maker, said Wednesday its fiscal third-quarter net income dropped 45 percent as customers continue to shun its Roundup weedkiller in favor of cheaper generic versions. As Roundup sales have flagged, Monsanto last year said it was accelerating its long-term strategy to shift the majority of its business from chemicals and herbicides to genetically altered seeds. But the transition has been rougher than expected as declines in Roundup have been surprisingly steep amid growing generic competition from China, and farmers have been slow to buy up the company’s pricier GMO seed varieties.
Dow Jones Newswires | Crystal Lake-based AptarGroup Inc.’s first-quarter earnings climbed by nearly half on strength in its core beauty-and-home segment, as the product-dispenser maker projected stronger earnings in the current quarter than analysts expected.
It sees earnings of 60 cents to 65 cents a share, above the average estimate of 56 cents a share from a survey of analysts by Thomson Reuters.
On Dec. 18, Wheatland became the subject of a consent order with the Federal Deposit Insurance Corp. and the Illinois Department of Financial and Professional Regulation. The regulators ordered the $437.2 million-asset lender to boost its capital levels by the end of May.
