Elena
24 Oct, 2005
New York City
In another earnings-dominated session, drug maker Merck posted higher third-quarter profit, despite 2% sales drop, beating estimates. Another drug manufacturer Shering-Plough reported higher Q3 earnings on 15% top line growth.
123jump.com Staff
23 Oct, 2005
New York City
Flood of earnings are to continue during the coming week with the earnings of oil companies to come under sharp focus. Market for the year is expecting oil companies to top annual industry profit of $63 billion. For the third quarter profits at Exxon Mobil is expected to jump 45%, Chevron 50%, Conoco Phillips 79%, Amerada Hess 91%, Marathon Oil 100%, Apache Corp 76% and Anadarko Petroleum 15% from a year ago.
123jump.com Staff
21 Oct, 2005
New York City
Stocks with news on earnings dominated day's trading. Google and Caterpillar led averages in the opposite direction on two exchanges. Google stock rose $36.70 and Caterpillar stock fell $5.10. Recently listed IPO of Chicago BOT added another $21. SanDisk rose $10 on strong earnings. Robert Half added $5.
Elena
21 Oct, 2005
New York City
On the earnings front Google rose 12.1%, posting sevenfold higher profit in the Q3 and nearly doubled revenue. SanDisk Corp. climbed 19.6% on doubled third-quarter earnings. Caterpillar's shares dropped 7% after posting third-quarter 34% income rise, but lowered full-year guidance. Xerox Corp's third-quarter profit sharply declined on charges, but the company met other expectations. Wyeth's quarterly profit is down 39%, hurt by restructuring charges, missing estimates.
123jump.com Staff
20 Oct, 2005
New York City
McDonald's, SBC, Ford, Intel and eBay's cautious outlook for the year and beyond put market on the defensive. Pfizer, on 52% drop in earnings, decline to a nine-year low. Netflix and Navteq declined close to 10% on earnings. EBay stock drops 7% on disappointing outlook. Discount air JetBlue and Southwest posted profits. JetBlue warned that Q4 loss may wipe out profit of the year. JetBlue fell 8% and Southwest dropped 3%. Dow down 1.28%, Nasdaq down 1.11%, S&P down 1.5%.
Elena
20 Oct, 2005
New York City
In another flood of quarterly earnings reports, Pfizer Q3 net fell 52% to $1.52 billion on 5% decline in revenue., Ford Motor Co posted a third-quarter loss, missing estimates. Nokia released cautious outlook. eBay shares decline despite meeting estimates. SBC posted 40% income drop, but above estimates. Coca Cola's 37% income rise tops estimates. Danaher Corp. met profit growth estimates.
Elena
20 Oct, 2005
New York City
Asian-Pacific markets rebounded from yesterday
123jump.com Staff
19 Oct, 2005
New York City
Strong housing starts in September despite rising mortgage rates, higher crude oil and gasoline inventories drove housing stocks higher and energy stocks lower. Fed's economic survey for the month of September showed strong economic activity with contained inflation pressures. JP Morgan net up 79% and that of Bank of America's up 9.6%. Chicago Board of Options and Trade's holding company IPO up 50% from the offer price but down 10% from the day's peak.
Elena
19 Oct, 2005
New York City
CBOT public offering of 3.2 million shares was priced at $54 per share. Shares of the stock opened at $82. Intel posted disappointing earnings and sales forecast. Peabody Energy Corp. doubled its Q3 profit on high coal prices, but missed estimates by a penny. JP Morgan reported 78% profit jump, missing estimates by a penny. Yahoo posted 47% revenue growth, beating earnings estimates.
Elena
19 Oct, 2005
New York City
CBOT public offering of 3.2 million shares was priced at $54 per share. Shares of the stock opened at $82. Intel posted disappointing earnings and sales forecast. JP Morgan reported 78% profit jump, missing estimates by a penny. Yahoo posted 47% revenue growth, beating earnings estimates. The Commerce Department reported that new housing construction in September rose 3.4% to an annualized rate of 2.108 million units.
Elena
19 Oct, 2005
New York City
Asian markets closed with heavy losses on U.S. inflation fears, led by Seoul's Kospi, down 2.8%. The Nikkei shed 1.7%. European stocks sharply declined with the German DAX 30 in the lead, down 1.6%. Intel posted 5%rise in earnings in Q3. Forecasted disappointing revenue growth. JP Morgan reported 78% profit jump, missing estimates by a penny. Yahoo posted 47% revenue growth, beating earnings estimates. The housing starts in Sept. unexpectedly rose by 3.4%.
123jump.com Staff
18 Oct, 2005
New York City
News of good earnings from Johnson & Johnson and 3M were overshadowed by the rise in PPI. The 1.9% jump in September Producer's Price Index dampened the market enthusiasm. Shares of Guidant fell close to 12% after J&J said that $25.4 billion merger may be in doubt. 3M reported 3Q earnings of $1.12 vs. estimates of 4 cents. Wells Fargo, Sun Trust, Merrill Lynch earnings top estimates. Oil fell 2% at close in NY.
Elena
18 Oct, 2005
New York City
Commodities broker Refco, listed IPO on August 11th, filed for Chapter 11 bankruptcy protection. The financial advisor Merrill Lynch released 51% Q3 earnings rise on strong trading activity, beating estimates. 3M posted better-than-anticipated Q3 results.IBM exceeded profit expectations, but fell short of revenue estimates.
Elena
18 Oct, 2005
New York City
Merrill Lynch released 51% Q3 earnings rise of $1.14 a share on strong trading activity, beating estimates of $1.18. 3M reported Q3 profit rise of $1.10 a share vs. 97 cents a year ago, beating estimates. The technology bellwether IBM exceeded profit expectations, posting Q3 earnings increase of $1.26 a share, exluding charges, but fell short of revenue estimates.
Elena
18 Oct, 2005
New York City
Asian-Pacific markets closed mostly up, although the Nikkei lost 0.4% on tech stocks.European stocks advance at mid-day on retreating oil with the DAX 30 and CAC 40 up 0.2%. The computer maker Merrill Lynch released 51% Q3 earnings rise of $1.14 a share on strong trading activity, beating estimates of $1.18. 3M reported Q3 profit rise of $1.10 a share vs. 97 cents a year ago, beating estimates.
