| Corporate Earnings Headlines |
| EADS 2Q profit up 46 percent on cost savings
(AP)
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| AP - EADS, the parent company of planemaker Airbus, said Wednesday its profit surged in the second quarter as cost savings and higher deliveries offset a big charge for delays to its groundbreaking A380 jumbo jet and further woes from the falling dollar. -- read full article |
| Wed, 30 Jul 2008 12:05:40 GMT - Yahoo! News: Earnings News |
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| Corning quarterly sales disappoint
(Reuters)
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| Reuters - Corning Inc on Wednesday
posted quarterly revenue that missed expectations, hurt in part
by a manufacturing glitch, and the specialty glass maker's
shares fell after it released a disappointing sales forecast.
-- read full article |
| Wed, 30 Jul 2008 15:18:47 GMT - Yahoo! News: Earnings News |
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| Garmin reports higher 2Q profits, delays Nuvifone
(AP)
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| AP - Garmin Ltd. shares dropped almost 15 percent Wednesday after the navigational device maker said its second-quarter earnings missed Wall Street expectations, it forecast limited growth for the rest of the year and said it was delaying its entrance into the cell phone market. -- read full article |
| Wed, 30 Jul 2008 15:36:50 GMT - Yahoo! News: Earnings News |
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| Corning 2Q profit jumps on gain; outlook is weak
(AP)
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| AP - Corning Inc. said Wednesday its second-quarter profit surged thanks to a hefty one-time tax gain and strong demand for glass used in flat-screen televisions and computers. But it forecast third-quarter sales below Wall Street expectations, and its shares dropped 4 percent. -- read full article |
| Wed, 30 Jul 2008 15:55:00 GMT - Yahoo! News: Earnings News |
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| Price hikes boost Reynolds American's 2Q profit
(AP)
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| AP - Reynolds American Inc., the nation's second-biggest tobacco maker, said Wednesday that its second-quarter profit rose nearly 13 percent as price increases more than made up for a decline in domestic cigarette demand. -- read full article |
| Wed, 30 Jul 2008 16:02:03 GMT - Yahoo! News: Earnings News |
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| Avon Products 2nd-quarter profit more than doubles
(AP)
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| AP - Strong sales internationally, especially in Latin America and Eastern Europe, helped Avon Products Inc. more than double its second-quarter profit, the cosmetics company said Wednesday. Its shares surged more than 15 percent.
-- read full article |
| Wed, 30 Jul 2008 16:22:10 GMT - Yahoo! News: Earnings News |
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| IAC swings to 2Q loss on charges
(AP)
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| AP - IAC/InterActiveCorp said Wednesday that it swung to a second-quarter loss, hurt by a $300 million writedown in a catalog business, but excluding that and other charges its earnings beat analysts' estimates. -- read full article |
| Wed, 30 Jul 2008 16:25:23 GMT - Yahoo! News: Earnings News |
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| Office supply retailers struggle in North America
(AP)
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| AP - Office supply retailers felt no relief from the pinch of weaker spending by consumers and small businesses, with both Office Depot and OfficeMax citing the struggling economy as they reported losses for the second quarter.
-- read full article |
| Wed, 30 Jul 2008 18:08:55 GMT - Yahoo! News: Earnings News |
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| BP profit up, Valero down in 2Q
(AP)
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| AP - The roiling global oil market continues to pick its winners and losers, as oil giant BP PLC reported a 28 percent rise in second-quarter profit while North America's largest refiner, Valero, said its earnings for the same period fell 67 percent.
-- read full article |
| Tue, 29 Jul 2008 19:31:52 GMT - Yahoo! News: Earnings News |
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| MetLife posts 19 percent drop in Q2 net
(Reuters)
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| Reuters - MetLife Inc , the largest life
insurer in the United States, said on Tuesday its
second-quarter profit fell as investments took a hit, missing
Wall Street expectations and sending shares down nearly 10
percent.
-- read full article |
| Tue, 29 Jul 2008 21:04:26 GMT - Yahoo! News: Earnings News |
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