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U.S. Stocks Edge Lower; Boeing Lowers Earnings

123jump.com Staff
13 Apr, 2009
New York City

U.S. stocks traded lower after rising for weeks. Ahead of bank earnings this week investors appeared cautious. Genworth plunged 24% after it was denied access to Treasury funds. Express Script agreed to acquire pharmacy benefit business from WellPoint for $4.7 billion. Boeing lowered its earnings.

Dr. Pepper Snapple Q4 Earnings Call Transcript

123jump.com Staff
13 Apr, 2009
New York City

The beverages maker quarterly net sales decreased 0.9% to $1.38 billion. Net loss was $621 million on a $696 million goodwill write-down. The company lost $2.44 a share compared to earnings of 54 cents a year-ago quarter and estimates net sales to decline 2% to 4% for fiscal 2009.

Paychex Q3 Earnings Call Transcript

123jump.com Staff
11 Apr, 2009
New York City

The payroll solutions provider total quarterly revenue decreased 1% to $528.6 million. Net income declined 8% to $130.8 million in the quarter. Earnings per share fell to 36 cents from 39 cents a year-ago quarter. Checks per client declined 4.3% during the quarter.

Ruby Tuesday Q3 Earnings Call Transcript

123jump.com Staff
11 Apr, 2009
New York City

Ruby Tuesday third quarter revenue decreased by 9.6% to $317.5 million with same-restaurant sales decreasing by 6.8%. Net income plunged 59% to $4.8 million. Earnings per share were 9 cents against 23 cents in the prior year quarter.

CKE Q4 Earnings Call Transcript

123jump.com Staff
11 Apr, 2009
New York City

CKE fourth quarter net income shot up to $2.6 million from $100000 and earnings per share were 5 cents as against zero in the prior year quarter. Income for the year from continuing operations increased by 5.4% to $37 million.

Banks Rise in Europe; ING Divestments

123jump.com Staff
10 Apr, 2009
New York City

Banks in Europe closed higher on the back of positive sentiment in New York trading. Speculators were quick to tie the gain in earnings at Wells Fargo with the banking sector health and drove bank stocks higher. ING plans to divest as many as ten businesses to raise upto 8 billion euros.

China Surplus Rebounds; China Pacific Net Falls

123jump.com Staff
10 Apr, 2009
New York City

Stocks in Shanghai trading closed higher on the speculation of rate cut. Exports declined in March but trade surplus more than tripled from February. Exports in the month fell 17% but imports declined 25% lifting the trade surplus to $18.6 billion. China Pacific Insurance net income plunges.

Tokyo Stocks Up, Sumitomo Mitsui Loss

123jump.com Staff
10 Apr, 2009
New York City

Stocks in Tokyo closed higher in a listless trading. Banks declined after Sumitomo Mitsui reported its largest loss in six years and proposed to raise 800 billion yen in public offering. Ship liners gained on a rise freight rate index.