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Discover Financial Services Q3 Earnings Call Transcript

123jump.com Staff
27 Oct, 2011
New York City

The financial services company reported quarterly net revenues grew 4.6% to $1.79 billion. Net income in the quarter surged 149% to $649 million, driven by strong card sales volume. Earnings per share rose to $1.18 compared to 47 cents per share last year.

FedEx Q1 Earnings Call Transcript

123jump.com Staff
27 Oct, 2011
New York City

The logistics services company said revenue rose 11% to $10.52 billion in the quarter. Net quarterly income climbed 22% to $464 million. Earnings per share grew to $1.46 compared to $1.20 per share a year ago quarter. The company estimates fiscal year 2012 earnings of $6.25 to $6.75 per share.

S&P 500 Index Up 1%, Oil Falls 2.5%; Market Awaits Europe Details

Bikram Pandey
26 Oct, 2011
New York City

U.S. indexes gained more than 1% after better than expected durable goods orders and new home sales data. European leaders are still divided in how to restructure Greek debt and how to leverage the rescue fund. Italy struggles to make promises to cut its large deficit. Oil fell and metals gained.

U.S. Stocks Trade Sideways; Boeing Rises, Ford Drops

Devan Biswas
26 Oct, 2011
New York City

U.S. stocks opened higher after adjusted durable goods orders increased in September and new home sales rose after builders lowered prices. Ford Motor earnings were lower on commodities hedge losses and Boeing third quarter net rose.

German Lawmakers Approve Leverage; Greece Demands to 50% Debt Cut

Bikram Pandey
26 Oct, 2011
New York City

European markets closed fractionally higher ahead of the details of the bank rescue plans as leaders struggle to resolve Greek bond bailout conditions and leverage rescue fund. Germany lawmakers approved the leverage of the rescue fund and Italian prime minster to offer vague promises of reforms.

Stocks in Japan Decline; Nissin, Olympus Fall, Fanuc Rises

Nigel Thomas
26 Oct, 2011
New York City

Stocks in Japan declined as investors focused on the domestic earnings and rising flood waters in Bangkok. European leaders later in the day are expected to announce details of the bank recap plan. Hitachi Ltd reported earnings larger five times estimated.

Weaker Inflation Lifts Australian Indexes, CPI Rises 0.6%

Marcus Jacob
26 Oct, 2011
New York City

Australian stocks gained a fraction after inflation in the September quarter edged lower on weaker food, beverage, drugs and electronics prices. The dollar fell on the hopes of a rate cut at the next meeting in December.

S&P 500 Index Down 2%; Berlusconi Struggles to Hold Coalition

Bikram Pandey
25 Oct, 2011
New York City

U.S. indexes pulled back 2% after investors turned cautious on weak confidence data and earnings outlook. Netflix, Inc stocks plunged 35% after customers defect. European leaders postponed a meeting of finance minister as leaders struggle to finalize Greek bonds loss. India lifts rates by 0.25%.

UK Mortgage Approvals Fall; BP, Reckitt Benckiser Net Up

Arthi Gupta
25 Oct, 2011
New York City

The UK indexes dropped after European finance ministers postponed their meeting. The UK current account deficit narrowed in the second quarter and mortgage approvals dropped unexpectedly in September. U.S.-based Hain Celestial agreed to acquire Daniels Group for $230 million.

Japan Stocks Edge Lower; Canon Trims Outlook

Nigel Thomas
25 Oct, 2011
New York City

Stocks in Japan declined and Canon lowered its fiscal year operating earnings outlook on Thai floods. Flood waters are expected to hit Bangkok tomorrow and domestic airport cancelled all flights and death toll was revised higher.

U.S. Home Prices Rise, Consumer Confidence Declines

Arthi Gupta
25 Oct, 2011
New York City

U.S. indexes edged lower after disappointing earnings and economic data. U.S. home prices rose in August and consumer confidence deteriorated in October. Ecolab net declined 11.4%.

French Confidence Improves; Sweden Lowers Surplus Outlook

Arthi Gupta
25 Oct, 2011
New York City

Germany''s consumer confidence is set to rise in November. Consumer confidence in France improved in October. Hungary''s central bank left rate unchanged at 6%. Sweden lowered budget surplus outlook for this year and next.

Australian Indexes Fall; Dollar Rises

Marcus Jacob
25 Oct, 2011
New York City

Australian indexes declined and resource prices gained on the optimism that the European leaders will announce details of the bank recapitalization plan. Australian dollar edged higher and copper and crude oil prices gained.

European Indexes Mixed; Deutsche Bank Swings to Profit

Arthi Gupta
25 Oct, 2011
New York City

European indexes traded sideways ahead of the summit tomorrow. Spain issued

S&P 500 Index Flirts to Positive; Oil, Copper Rise

Bikram Pandey
24 Oct, 2011
New York City

U.S. stocks traded higher in the positive zone after two months of volatility. European leaders promise resolution to debt crisis but also conceded that help from Asia and other regions may be needed to bolster its rescue fund. The euro gained and copper and oil advanced.

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