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    Corporate Earnings Headlines
    Genentech profit rises, sales top estimates (Reuters)
    Reuters - Genentech Inc reported on Tuesday that sales of its cancer drug Avastin topped Wall Street estimates and its shares rose more than 3 percent, despite third-quarter earnings that fell short of analyst expectations due to higher costs. -- read full article
    Tue, 14 Oct 2008 22:57:29 GMT - Yahoo! News: Earnings News
    Johnson & Johnson 3Q profit rises, tops views (AP)

    In this photo illustration shown are Johnson & Johnson products, in Philadelphia, Friday, Oct. 10, 2008. Health-care giant Johnson & Johnson said Tuesday, Oct. 14, 2008, its third-quarter profit jumped 30 percent due to higher sales of consumer products and medical devices and a large restructuring charge a year ago. (AP Photo/Matt Rourke)AP - Health care giant Johnson & Johnson on Tuesday posted a 30 percent jump in third-quarter profit and beat Wall Street expectations, mainly because the year-ago results were weighed down by a $745 million restructuring charge.


    -- read full article
    Tue, 14 Oct 2008 23:40:14 GMT - Yahoo! News: Earnings News
    Intel profit beats expectations, future less clear (Reuters)

    A woman checks her mobile phone as she walks past an Intel Core Duo advertisement outside a computer shop in Beijing March 26, 2007. (Claro Cortes IV/Reuters)Reuters - Technology bellwether Intel Corp posted a 12-percent rise in quarterly profit as the world's biggest computer chipmaker said demand, while uncertain, was holding up despite the global economic crisis.


    -- read full article
    Wed, 15 Oct 2008 01:16:55 GMT - Yahoo! News: Earnings News
    Intel expects profits to hold up in 4Q (AP)

    In this April 14, 2008 file photo, a sign is shown in front of Intel Corp. headquarters in Santa Clara, Calif.  Intel Corp. on Tuesday, Oct. 14, 2008 reported its third-quarter profit rose 12 percent, edging past Wall Street's estimates, but the chip maker cautioned that the pall the financial crisis has cast over the technology sector makes it hard to predict its results for the current period. (AP Photo/Paul Sakuma, file)AP - Intel Corp. has provided some insight into the state of global PC demand, telling Wall Street that while technology spending may be slumping, the chip maker fully expects its profits to hold steady.


    -- read full article
    Wed, 15 Oct 2008 04:57:51 GMT - Yahoo! News: Earnings News
    J&J earnings beat estimates (Reuters)
    Reuters - Johnson & Johnson reported on Tuesday third-quarter results of $1.17 a share. -- read full article
    Tue, 14 Oct 2008 12:01:49 GMT - Yahoo! News: Earnings News
    Supervalu posts lower profit, cuts full-year view (Reuters)

    A undated photo courtesy of Supervalu Inc. The third-largest U.S. supermarket operator posted a drop in quarterly profit on Tuesday as consumers hurt by the weak U.S. economy traded down to lower-cost store brands. (Handout/Reuters)Reuters - Supervalu Inc , the third-largest U.S. supermarket operator, posted a drop in quarterly profit on Tuesday as consumers hurt by the weak U.S. economy traded down to lower-cost store brands.


    -- read full article
    Tue, 14 Oct 2008 13:06:55 GMT - Yahoo! News: Earnings News
    Domino's Pizza profit misses view; shares dive (Reuters)

    A Domino's Pizza in an undated photo. Domino's Pizza, the biggest independent U.S. pizza chain, posted a weaker-than-expected quarterly profit due to a drop in U.S. sales that overshadowed strong results from its international operations. (Handout/Reuters)Reuters - Domino's Pizza Inc posted a weaker-than-expected quarterly profit due to a sharp drop in U.S. sales, the biggest independent U.S. pizza chain said on Tuesday, and its shares fell as much as 19 percent.


    -- read full article
    Tue, 14 Oct 2008 14:24:46 GMT - Yahoo! News: Earnings News
    Pepsico unveils job cuts, weak earnings as US slowdown bites (AFP)

    PepsiCo, the maker of Pepsi soft drinks and Tropicana juices, announced a plan to slash 3,300 jobs as weak sales in the US hit its earnings.(AFP/File/Mychele Daniau)AFP - PepsiCo, the maker of Pepsi soft drinks and Tropicana juices, announced a plan to slash 3,300 jobs on Tuesday as weak sales in the US hit its earnings.


    -- read full article
    Tue, 14 Oct 2008 14:34:44 GMT - Yahoo! News: Earnings News
    PepsiCo profit misses view, to cut 3,300 jobs (Reuters)

    A Pepsi can in an undated image courtesy of the company. PepsiCo Inc reported a quarterly profit that missed Wall Street forecasts and cut its full-year outlook, hurt by an economic slowdown that flattened soft drink demand and a relatively stronger U.S. dollar. (Handout/Reuters)Reuters - PepsiCo Inc reported a quarterly profit that missed Wall Street forecasts and cut its full-year outlook as an economic slowdown flattened soft drink demand, sending shares down more than 10 percent.


    -- read full article
    Tue, 14 Oct 2008 15:45:38 GMT - Yahoo! News: Earnings News
    PepsiCo to cut 3,300 jobs as profit falls 10 pct (AP)

    In this May 20, 2008 file photo, Pepsi products are delivered to a store in Omaha, Neb. PepsiCo Inc. said Tuesday, Oct. 14, 2008, it plans to eliminate 3,300 positions globally, as it reports a 9.5 percent drop in third-quarter profit.  (AP Photo/Nati Harnik, file)AP - PepsiCo Inc. is cutting jobs and closing factories to give it some "breathing room" to navigate the volatility that has permeated all corners of the global economy.


    -- read full article
    Tue, 14 Oct 2008 17:30:15 GMT - Yahoo! News: Earnings News
    Johnson & Johnson 3Q profit rises, tops views (AP)

    In this photo illustration shown are Johnson & Johnson products, in Philadelphia, Friday, Oct. 10, 2008. Health-care giant Johnson & Johnson said Tuesday, Oct. 14, 2008, its third-quarter profit jumped 30 percent due to higher sales of consumer products and medical devices and a large restructuring charge a year ago. (AP Photo/Matt Rourke)AP - Health care giant Johnson & Johnson on Tuesday posted a 30 percent jump in third-quarter profit and beat Wall Street expectations, mainly because the year-ago results were weighed down by a $745 million restructuring charge.


    -- read full article
    Tue, 14 Oct 2008 18:11:05 GMT - Yahoo! News: Earnings News
    GE 3Q profit off 22 pct, but meets lower forecast (AP)
    AP - General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings on Friday, meeting its own lowered forecast and blaming the decline on its struggling finance arm. The company's loan and lease business has been hammered by the worst financial crisis since the 1929 stock market crash. -- read full article
    Fri, 10 Oct 2008 23:28:20 GMT - Yahoo! News: Earnings News
    GE profit drop as expected, finance unit a drag (Reuters)

    GE's Jeffrey Immelt in a file photo. (Fred Prouser/Reuters)Reuters - General Electric Co reported a drop in quarterly profit that matched its recent warning to Wall Street, and the U.S. conglomerate said the global credit crunch and slumping economies would continue to take a toll on its hefty finance arm.


    -- read full article
    Fri, 10 Oct 2008 16:25:54 GMT - Yahoo! News: Earnings News
    GE 3Q profit off 22 pct, but meets lower forecast (AP)
    AP - General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings, meeting its own lowered forecast and blaming the decline on its struggling finance arm. The company's loan and lease business has been battered by the worse financial crisis since the 1929 stock market crash. -- read full article
    Fri, 10 Oct 2008 16:58:25 GMT - Yahoo! News: Earnings News
    Confident IBM Previews Earnings To Calm Wall Street (NewsFactor)
    NewsFactor - At a time when consumers are worried about the nation's economy, IBM wants everyone to know it is financially sound. The Armonk, NY-based company released a preview of its earnings Wednesday, a week before its scheduled earnings announcement on Oct. 16, and said it remains confident in its financial outlook for the year. -- read full article
    Thu, 09 Oct 2008 21:11:09 GMT - Yahoo! News: Earnings News
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