Elena
17 Nov, 2005
New York City
Asian-Pacific benchmarks closed broadly higher, led by the Nikkei which rose 1.7%, hitting a fresh four-year high of 14,411,79. Seoul''''s Kospi also reached an all-time high of 1,272,80. European stocks gained at mid-day on mergers and commodities. In U.S. corporate news, Applied Materials posted Q3 46% profit drop but beat estimates by a penny. Oil producer ConocoPhillips was downgraded by J.P. Morgan to neutral from overweight.
Elena
16 Nov, 2001
New York City
Homebuilder D.R. Horton reported Q4 net income rise of 61% on 45% increase in revenue, beating analyst estimate. Tyco posted nearly doubled fourth-quarter earnings on lower tax rate,but revenue misses estimates. Teenage fashion retailer Too reported Q3 profit jump of 40% on improved sales. Zale Corp posted Q1 wider-than-expected loss, despite a revenue growth.
123jump.com Staff
16 Nov, 2005
New York City
AFTER THE CLOSE: Applied Material reported 15 cents vs. 27 cents a year ago on revenue decline of 22%. Intuit Inc. reported loss of 24 cents vs. 26 cents a year ago on revenue growth of 20%. Network Appliance reported earnings of 18 cents and 21 cents without one-time charges beating the estimates of 18 cents. Medtronic reported earnings of 67 cents including one-time gains and 54 cents without the charges. PetSmart reported flat profit of 21 cents compared to a year ago on revenu jump of 10%.
Elena
16 Nov, 2005
New York City
Homebuilder D.R. Horton reported Q4 net income rise of 61% on 45% increase in revenue, beating analyst estimate. Tyco posted nearly doubled fourth-quarter earnings on lower tax rate,but revenue misses estimates. Teenage fashion retailer Too reported Q3 profit jump of 40% on improved sales. Zale Corp posted Q1 wider-than-expected loss, despite a revenue growth.
Elena
16 Nov, 2005
New York City
Asian-Pacific markets gained ground to close higher, led by the Kospi, rising 1.1% and the Nikkei, up 0.6% hitting a new four-year high of 14,170,087. European stocks traded lower on weaker U.S. stock markets, resource stocks and earnings news. Homebuilder D.R. Horton reported that Q4 net income rose 61% to $1.77 compared with last year
123jump.com Staff
15 Nov, 2005
New York City
AFTER THE CLOSE: Abercrombie reported earningsof 79 cents vs. 42 cents a year ago on 35% sales growth. Analog Devices earnings fell to 18 cents from 34 cents a year ago on fall in revenue of 2% and on restructuring charges and earnings repatriation. La-Z-Boy reported a loss of 12 cents vs profit of 17 cents a year ago.
Elena
15 Nov, 2005
New York City
The Department of Commerce released a report, showing that retail sales fell only 0.1% in October, following an upwardly revised 0.3% increase in September and compared to a more significant decline of 0.7%, expected by economists. The Labor Department reported that Producer Price Index rose 0.7% in October following a 1.9% increase in September, versus expectations of 0.1% increase in prices. S&P has replaced AT&T with Amazon.com Inc in the widely followed index S&P 500 index.
Elena
15 Nov, 2005
New York City
The Department of Commerce released a report, showing that retail sales fell only 0.1% in October, following an upwardly revised 0.3% increase in September and compared to a more significant decline of 0.7%, expected by economists. The Labor Department reported that Producer Price Index rose 0.7% in October following a 1.9% increase in September, versus expectations of 0.1% increase in prices.
Elena
15 Nov, 2005
New York City
Asian-Pacific markets finished lower with the Nikkei falling 0.1% on banking stocks. European stocks declined at mid-day, pressured by Vodafone and Diageo. On the earnings front, Home Depot reported Q3 profit rise of 72 cents a share on 10% sales rise, beating estimates of 68 cents a share. American Eagle Outfitters posted Q3 net income increase of 47 cents a share, beating analyst estimate by a penny. Same-store sales rose 14%.
123jump.com Staff
14 Nov, 2005
New York City
AFTER THE CLOSE: Agilent Technologies reported Q4 earnings of 5 cents vs. 15 cents a year ago. Comtex reports decline in earnings on flat sales. Bob Evans Farms reports earings of 37 cents vs. 30 cents a year ago on revenue growth of 4%. The company opened eight new restaurant in the quarter. Quintiles Transnationals reported earings of $27 million, lower than $34 million a year ago on one-time charges and benefits from repatriation and revenue rise of 19%.
Elena
14 Nov, 2005
New York City
U.S. stock averages have been flat in the morning session amid some caution ahead of key inflation and retail sales data later in the week, though solid results from Wal-Mart and Lowe''s Cos. soothed concerns over slowdown in consumer spending. Wal-Mart posted Q3 3.8% net income rise on 10% higher revenue, in line with estimates. Same-store sales rose 3.8%. Lowe''s Cos reported Q3 profit rise of 81 cents a share, beating estimates and 6% same-store sales growth.
Elena
14 Nov, 2005
New York City
Wal-Mart posted Q3 3.8% net income rise on 10% higher revenue, in line with estimates. Same-store sales rose 3.8%. Another retailer Lowe''s Cos reported Q3 profit rise of 81 cents a share, beating estimates and 6% same-store sales growth. Five Star Quality Care posted a Q3 loss of $5.64 a share vs. a profit of 10 cents a share last year.
Elena
14 Nov, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei closing down 0.3% on financial issues, while South Korean Kospi hit another high of 1,257,63, rising 0.1%. European stocks rebounded from early weakness to trade higher at mid-day on oil companies gains and deal talk. In earnings news, Wal-Mart posted Q3 3.8% net income rise on 10% higher revenue, in line with estimates. Same-store sales rose 3.8%.
123jump.com Staff
11 Nov, 2005
New York City
For the third week in a row market managed to make a steady advance overcoming mixed earnings from several tech companies and supported by falling oil prices. Dell''s weaker than expected earnings guidance did not faze the tech stocks. Copper closed at record high.
Elena
11 Nov, 2005
New York City
The U.S. Treasury market is closed today for the Veterans Day holiday. No economic news is due out. On the corporate news front, Dell posted quarterly profit decline of 28% and projected Q4 earnings slightly below estimates, but the company said it plans to boost its repurchase program during the fourth quarter, buying back at least $1.7 billion. DreamWorks Animation, computer generated films producer, reversed to Q3 net loss on strong revenue decline, missing analyst estimate.
