123jump.com Staff
06 Feb, 2010
New York City
Sales fell 7% to $1.3 billion and net income fell 22.4% to $33.9 million or 55 cents per diluted share. Operating margin excluding merger costs fell only 110 basis points, a smaller drop than in 2008. Operating margin for the Hardware and Home Improvement segment was 11.5%.
123jump.com Staff
06 Feb, 2010
New York City
Manitowoc net sales for the fourth quarter 2009 declined 31% to $839 million due to steep decline in crane market sales. The GAAP net loss for the quarter was $23.5 million or $0.18 per share, versus a net loss of $200 million or $1.54 per share in the fourth quarter of 2008.
123jump.com Staff
06 Feb, 2010
New York City
Revenues fell 20.6% to $151 million & net loss was $7.79 million or 18 cents a share. Transaction processing costs were flat versus 3rd qtr at 22% of total revenues. U.S. costs rose $1.8 million versus 3rd qtr & international expenses up $2.5 million of which $1.1 million represented currency impact
123jump.com Staff
06 Feb, 2010
New York City
Sales rose 20% to $485.8 million and net income rose 15% to $101.9 million or 43 cents a share. Operating income was $179 million, 43% higher than the same period last year. Operating margin for the quarter was 36.8%. Operating expense $307 million increased 10% over the prior year period.
Mayank Mehta
05 Feb, 2010
New York City
Stocks in Shanghai and Hong Kong declined for the third week in a row as global markets drop for the fourth week in a row. Weak commodities dragged resource linked stocks. Bank of Communications declined on the prospect of stock offering.
123jump.com Staff
05 Feb, 2010
New York City
U.S. stocks rallied in the late afternoon after consumer credit decline in December slowed. The dollar gained against the euro as investors focus on budget deficits of Greece, Spain and Portugal. Toyota President Akio Toyoda apologized for the quality problems. Commodities traded weak.
Darlington Musarurwa
05 Feb, 2010
New York City
Australian economy is expected to grow between 3.2% and 3.5% in the years 2010 and 2011 according to an estimate by the Reserve Bank of Australia. The building industry showed an expansion in January. Weak commodities dragged miners in Sydney trading.
Darlington Musarurwa
05 Feb, 2010
New York City
Toyota Motor Corp President Akio Toyoda apologized for quality problems and set up a committee that will include outside experts to review quality processes. Japan
Mayank Mehta
05 Feb, 2010
New York City
Stocks in Mumbai traded lower on the worries that government may struggle to sell more stakes in state controlled companies. The recent stake sale in NTPC received a lukewarm response. Reliance Industries is in talks with Canada based tar-sand oil explorer for $2 billion investment. Realtors and software developers declined.
Mayank Mehta
05 Feb, 2010
New York City
European markets declined for the fourth week in a row and the indexes in Spain, Portugal and Greece dropped near one-year low. Gross domestic product in Spain declined 0.1% in the fourth quarter to December. Hermes reported 8.6% sales increase and a higher net. LVMH net declined 13%.
Mayank Mehta
05 Feb, 2010
New York City
UK stocks closed lower on weak metals and energy prices. Xstrata, Vedanta and Rio Tinto declined more than 3%. ICAP Plc, the inter-broker dealer plunged 18% after it lowered the earnings estimate. Liberty International is looking to split the company into two separate listed units.
Mayank Mehta
05 Feb, 2010
New York City
Airgas Inc surged 40% after Air Products said it may take its $60 a share offer direct to shareholders. Aetna profit declined 15% as underwriting margin falls. Tyson Foods posts higher than expected fourth quarter profit. Weyerhaeuser quarterly loss narrows. UPS board raises dividend.
123jump.com Staff
05 Feb, 2010
New York City
U.S. stocks were searching for direction in the early trading. January unemployment rate declined to 9.7%. Investors remained unconvinced that Spain, Portugal and Greece have a viable plan to lower their budget deficit and the dollar edged higher.
123jump.com Staff
05 Feb, 2010
New York City
The Internet applications and content delivery solutions provider quarterly revenue rose 12% to $238.3 million. Net quarterly income declined 1% to $40.1 million hurt by higher expenses. Earnings per share dipped to 21 cents from 22 cents in the prior-year quarter.
123jump.com Staff
05 Feb, 2010
New York City
Amazon reported 42% revenue growth to $9.52 billion for fourth quarter of 2009 with net income zooming by 70.7% to $384 million. Earnings per share were 85 cents as against 52 cents for the prior year quarter. Net sales for first quarter 2010 are expected to be between $6.45 billion to $7 billion.
