Elena
07 Nov, 2005
New York City
El Paso Corp, natural gas producer, reported a larger third-quarter loss of 55 cents vs. 33 cents a year ago, hurt by a large charge and 30% revenue decrease. Analysts had expected net income of 15 cents per share. Sierra Pacific Resources posted Q3 net earnings of 33 cents a share, down from 49 cents a share in the same period a year ago. Radica Games posted surging Q3 earnings of 67% on 30% sales growth.
Elena
07 Nov, 2005
New York City
Asian-Pacific markets closed in the red led by Hong Kong''s Hang Seng, down 1.5%. The Nikkei lost 0.1% but held above key 14,000 points. The Indian markets surged 1.7%. European stocks traded mostly higher on deal talk and stronger dollar. Natural gas producer El Paso Corp. reported a larger third-quarter loss of 55 cents a share, hurt by charges and 30% revenue decrease, misses estimates of a profit of 15 cents per share.
Elena
07 Nov, 2005
New York City
Crude oil fell below $59 and natural gas dropped 2% on mild weather forecasts and eased fears over fuel supplies. Shares of oil companies were sent lower. Exxon Mobil shed 1.3%. ConocoPhillips fell 1.1%. Natural gas producer El Paso Corp. fell 7% on a larger third-quarter loss, hurt by a large charge and declining revenue.
123jump.com Staff
04 Nov, 2005
New York City
Calm day of trading prevailed. As traders digested less than expected rise of 56,000 in non-farm payroll they showed no enthusiam to buy stocks. Falling crude oil price, by better than 2%, failed to attract investors to the energy stocks. Earnings parade continued with better than expected earnings from Ralph Lauren, Fortune Brands, AON Corp, Fluor Corp, Westar and Sanmina SCI. FPL, Glatfelter and Zip Realty earnings disappointed the market.
Elena
04 Nov, 2005
New York City
On the earnings front, Quanta Services posted third-quarter tripled profit of 11 cents a share on 13% revenue growth, beating estimates. Alliant Energy reported Q3 38% net income jump on 36% higher revenue. Westar Energy released quarterly earnings of 97 cents a share, topping expectations of 82. Fashion company Polo Ralph Lauren reported Q2 31% profit rise on 15% revenue increase, exceeding estimates.
Elena
04 Nov, 2005
New York City
On the earnings front, Quanta Services posted third-quarter tripled profit of 11 cents a share on 13% revenue growth, beating estimates. Alliant Energy reported Q3 38% net income jump on 36% higher revenue. Westar Energy released quarterly earnings of 97 cents a share, topping expectations of 82. Fashion company Polo Ralph Lauren reported Q2 31% profit rise on 15% revenue increase, exceeding estimates.
Elena
04 Nov, 2005
New York City
Asian-Pacific markets ended higher with the Nikkei up 1.3% at a four-year high above 14,000 points on microchip and banking stocks. Markets in South Korea, Singapore and Australia gained, only Hong Kong fell. European stocks lost ground at mid-day on higher oil prices and ahead of U.S. payroll data. After jumping $2 yesterday, crude oil eased back below $62 a barrel.
123jump.com Staff
03 Nov, 2005
New York City
Market cheered economic news and better-than expected rise in same-store sales. Yields on ten-year bond rose to 4.67%. Better than expected earnings at CVS, 30 cents, Harrah''s net declined to 91 cents, Sara Lee net declined to 9 cents, Tesoro net shot to $3.20 from 93 cents a year ago and that of Sabre declined to 45 cents from 49 cents a year ago.
Elena
03 Nov, 2005
New York City
U.S. business productivity surged in the third quarter according to a Labor Department report. Unit labor costs fell at an annual rate of 0.5%, vs. a forecast of a 2% gain in unit labor costs. Alan Greenspan testified before a congressional committee and Merck received a favorable verdict in a New Jersey Vioxx trial, A report released by the Labor Dept. showed that jobless claims fell to 323,000 from the previous- week revised figure of 331,000.
Elena
03 Nov, 2005
New York City
U.S. business productivity surged in the third quarter according to a Labor Department report. Unit labor costs fell at an annual rate of 0.5%, vs. a forecast of a 2% gain in unit labor costs. A report released by the Labor Dept. showed that jobless claims fell to 323,000 from the previous week''''s revised figure of 331,000.
Elena
03 Nov, 2005
New York City
Asian markets closed mixed, led by Australia''''s All Ordinaries, up 1.2%. Exchanges in Japan and Singapore were closed for holidays. European stocks traded higher on BMW, Unilever, Adidas-Solomon. Retailers posted strong same-store October sales, led by American Eagle Outfitters, Costco Wholesale, Wal-Mart, Goody''''s Family Clothing.
123jump.com Staff
02 Nov, 2005
New York City
Market was in the mood to rally in the morning as bond market weakened and oil fell on inventory report. Earnings news largely supported the postive sentiments. Home builders, casions, retail and tech stocks led a broad rally in the market. In the overnight trading Nikkei index closed at 4-year high. European markets advanced led by DAX index in Germany adding 0.7%. AFTER CLOSE: Nortel narrows Q3 loss. Qualcomm, 32 cents vs. 23 cents. Prudential Financial, $2.59 vs. $1.08.
Elena
02 Nov, 2005
New York City
The Department of Energy reported another increase in crude oil inventories of 2.7 million barrels, rising to 319.1 million barrels in the week ended Oct 28. Time Warner reported 80% Q3 profit jump of 19 cents a share on 6% revenue growth, exceeding estimates of 17 cents a share. The company said it was lifting its stock buyback plan by $7.5 billion to $12.5 billion. Electronic Arts rises 5.3% and Symantec
Elena
02 Nov, 2005
New York City
The Japanese Nikkei hit a new four-year peak for a second consecutive session, rising 0.2% to 13,894,78. Time Warner reported 80% Q3 profit jump of 19 cents a share on 6% revenue growth, exceeding estimates of 17 cents a share. The company said it was lifting its stock buyback plan by $7.5 billion to $12.5 billion. The Nasdaq has risen on gains from Electronic Arts, up 5.3% and Symantec
Elena
02 Nov, 2001
New York City
Asian-Pacific markets closed higher, led by the Nikkei, hitting a new four-year peak of 0.2% to 13,894,78. European stocks lost ground at mid-day on earnings releases. On the earnings news front, Time Warner reported 80% Q3 profit jump of 19 cents a share on 6% revenue growth, exceeding estimates of 17 cents a share. The company said it was lifting its stock buyback plan by $7.5 billion to $12.5 billion.
