123jump.com Staff
10 Jan, 2009
New York City
The engineering company revenue rose 11% from a year ago to $2.63 billion. Net income surged to $120 million or 30 cents a share from $105 million or 25 cents a share in the prior year. New business bookings were $4 billion. The company expects revenue growth between 6% and 9% for fiscal 2010.
123jump.com Staff
10 Jan, 2009
New York City
The specialty retailer third quarter sales were flat to $480.1 million on lower traffic and lower average ticket sales. Same store sales decreased 1.5% in the quarter compared to an increase of 2.4% in the year ago period. The retailer projected earnings per share between 75 cents to 85 cents for the full year 2009.
123jump.com Staff
10 Jan, 2009
New York City
The homebuilder revenues plunged 48% to $721.4 million and home deliveries declined 42% to 2,294 homes. Net quarterly loss was $450.5 million or $5.79 a share, compared to a net loss of $469.3 million or $7.42 a share a year ago.
123jump.com Staff
10 Jan, 2009
New York City
The financial information integrator reported rise of 16% in revenues to $156 million. Net income surged 21% to $35.59 million and earnings per share increased to 73 cents from 58 cents a year ago. The Company expects second quarter revenues in the range of $156 million to $159 million.
123jump.com Staff
09 Jan, 2009
New York City
Costco quarterly sales rose 4% to $16.04 billion last year while total revenue including membership fee rose by 3.7% to $16.39. Comparable same stores sales in the quarter rose 1% from a year ago, excluding foreign exchange effect would have been 4%.
123jump.com Staff
09 Jan, 2009
New York City
Weaker than expected December payroll report put investors on the defensive. Leading indexes in the stock markets declined for the third day in a row. Retailers led the decliners on lowered earnings expectations. Crude oil decline. Markets in Asia and Europe fell. Citi to sell Smith Barney unit.
123jump.com Staff
09 Jan, 2009
New York City
Stocks in Australia gain 1.1% on a rise on gold price. Santos plans to add more people at its LNG plant in partnership with Malaysia. HFA Holdings led gainers in the index shares with a rise of 37.9% followed by Centro Retail Group rising 20%.
123jump.com Staff
09 Jan, 2009
New York City
Retail stocks continue to decline for the second day in a row on weak earnings outlook. Weaker than expected job report and larger than expected loss at KB Home dragged home builders lower. Apollo Group surged on earnings rise of 29%. Coach and Jones Apparel declined.
123jump.com Staff
09 Jan, 2009
New York City
Stocks in Hong Kong edged lower and in Shanghai rose 1.6% on Friday but fell sharply for the week. Benchmark index in Hong Kong fell 4.4% for the week. A survey of businesses suggested a weak confidence and projected that the weakness is likely to persist till 2010. Lenovo Group fell on a downgrade.
123jump.com Staff
09 Jan, 2009
New York City
U.S. stocks edged lower after unemployment rate crossed 7% and 524,000 jobs were lost in December. For the year 2.6 million people lost jobs. Construction, manufacturing and retail sectors lost bulk of the jobs in the year. KB Home plunged and dragged other home builder after a large loss.
123jump.com Staff
09 Jan, 2009
New York City
Indian stocks fell for the second day after Satyam scandal rattled investors. The Satyam chief Raju was arrested later in the evening. Oil executives strike entered the third day but in the late evening strike was called off. The benchmark index Sensex 1.9%.
123jump.com Staff
08 Jan, 2009
New York City
U.S. stocks edged lower after weaker than expected retail sales and profit warnings from retailers. Wal-Mart sales missed estimates and indicated weaker than expected sales rise in January. The Bank of England lowered the rates to the lowest level in 34 years. Stocks in Japan and China dropped.
Mayank Mehta
08 Jan, 2009
New York City
U.S. stocks fell after retailers lowered the profit outlook and reported weaker than expected sales. Wal-Mart fell after it missed sales rise estimate in December and lowered earnings outlook. Macys and Gap dropped too. Manitowoc dropped after it lowered earnings estimates.
123jump.com Staff
08 Jan, 2009
New York City
The Bank of England lowered its benchmark interest rate to 1.5%, the lowest level since inception in 1964. The central bank hinted worsening economic conditions, falling retail sales and further weakeness in the economy. Crude oil prices declined below $42 a barrel.
123jump.com Staff
08 Jan, 2009
New York City
U.S. stocks edged lower after Wal-Mart, Gap and Macys reported weaker than expected retail sales data and lowered earnings expectations for the latest quarter. Jobless claims rose less than expected at the end of the last week but number of claimants rose to a 26-year record high.
