123jump.com Staff
07 Feb, 2006
New York City
Gold dropped $20 and oil fell $2 which instead of helping the market dragged the broader averages down. Laskluster earnings from Coca-Cola, Disney and Toll Bros. did not help either. After-the-close Cisco reported 9% rise in sales and earnings of 22 cents vs. 21 cents a year ago. GM cut dividend by 50% to $1 and lowered salaries of executives. GM stock fell 2.2% as market worried that more cuts will be needed. Toyota reported 34% rise in profit and is set to surpass GM in sales.
Elena
07 Feb, 2006
New York City
Toyota Motor announced 34% rise in Q3 net profit on solid sales and a weaker yen. BP reported a 22% increase in quarterly profit, missing forecasts. Coca-Cola reported 28% decline in Q4, hurt by a repatriation charge, but still beat analyst expectations, excluding items. Toll Bros posted 35% home building revenue rise in Q1, but lowered its guidance for home deliveries for 2006. Disney posted 7% income growth in Q1, beating earnings and revenue estimates.
Elena
07 Feb, 2001
New York City
BP reported a 22% increase in quarterly profit on strong oil prices and demand for refinery services, though the rise failed to meet forecasts.
Coca-Cola reported 28% decline in Q4, hurt by a repatriation charge, but still beat analyst expectations, excluding items. Toll Bros posted 35% home building revenue rise in Q1, but lowered its guidance for home deliveries for 2006. Disney posted 7% income growth in Q1, beating earnings and revenue estimates.
Elena
07 Feb, 2006
New York City
Asian markets ended mixed. The Nikkei declined 0.2%, South Korean Kospi dropped 0.7%, while Bombay Stock Exchange''s 30-share Sensex hit an all-time high of 1% at 10066.55 points. European stocks traded lower with London FTSE 100 down 0.5% on disappointing outlook from BP. Toll Brothers posted 35% home building revenue rise in Q1, but lowered its guidance for home deliveries for 2006. Disney posted 7% income growth in Q1, beating earnings and revenue estimates.
123jump.com Staff
06 Feb, 2006
New York City
Market averages barely budged today but tech stocks was another story. Sharp fall in Apple stock led tech decline in tech stocks. Nervous traders worried that Apple earnigs growth may have peaked in the short-term. Steel stocks rose in most markets around the world as Arcelor is reported to acquire U.S. Steel. Oil fell but traded near elevated level.
Elena
06 Feb, 2006
New York City
Rising crude oil prices, light earnings schedule and investment rating upgrades of Yahoo, Nike and Alcoa led stocks to a lackluster performance. In earnings news, Humana Inc. posted 37% profit rise in Q4 on 14% revenue growth. Louisiana-Pacific reported Q4 net income rose sixfold to 80 cents a share, exceeding estimates of 65 cents a share. Toshiba Corp. announced that it was buying nuclear plant builder Westinghouse Electric for $5.4 billion. The company will retain 51% of the stock.
Elena
06 Feb, 2006
New York City
Stocks started mixed on rising crude oil prices and investment rating upgrades of Yahoo Inc. and Dow Jones industrial Alcoa Inc. In earnings news, Humana Inc. posted 37% profit rise in Q4 on 14% revenue growth. Serono reported Q4 net income jump of 72%, despite revenue decline. Louisiana-Pacific reported Q4 net income rose sixfold to 80 cents a share, exceeding estimates of 65 cents a share.
Elena
06 Feb, 2006
New York City
Asian-Pacific benchmarks rebounded from early weakness to close higher, led by Shanghai Composite rising 2.35%. The Nikkei hit a fresh 5 1/2-year high of 0.5% to 16,747.76 on economic data. European averages gained at midday on takeover talk with the Italian MIB 30 index up 0.9%. In earnings news, Humana Inc. posted 37% profit rise in Q4 on 14% revenue growth. Serono reported Q4 net income jump of 72%, despite revenue decline.
123jump.com Staff
03 Feb, 2006
New York City
Market could not shake-off its nervousness related to wage inflation on the account of five-year low unemployment report. Internet, casions, energy and financial brokerage stocks declined. Amazon dropped 11% on weak earnings and revenue report. Rackable Systems gained 18% on earnings. Moody posted 22% rise in Q4 earnings. Fossil, watchmaker dropped 25% on revenue miss.
Elena
03 Feb, 2006
New York City
U.S. stocks traded lower on disappointing employment and consumer data. Downbeat earnings from Amazon and Maytag also weighed on sentiment. The Internet sector was dragged by Amazon''s 11% decline on 43% profit drop in Q4. Maytag posted wider Q4 net loss of 93 cents a share, despite 7% sales growth, missing estimates. Moody reported 22% income rise in Q4 on 21% revenue growth. Wendy''s swung to profit in Q4 but posted sales drop for the first time in 18 years.
Elena
03 Feb, 2006
New York City
U.S. stocks opened lower on disappointing employment report. Tech stocks moved to the downside with the Internet sector dragged by Amazon''s 11% decline on earnings report. Maytag posted wider Q4 net loss of 93 cents a share, despite 7% sales growth, missing estimates. Moody reported 22% income rise in Q4 on 21% revenue growth. Ryder System Q4 reported profit decline despite 13% sales growth.
Elena
03 Feb, 2006
New York City
Asian-Pacific benchmarks ended mostly down, led by South Korean Kospi with a steep drop of 3%. The Nikkei lost 0.3%, while heavy-tech Taiwan''''s Weighted index rose 0.96% resuming rade after the extended holiday. European shares gained at mid-day with the Geman DAX 30% rising 0.5%. Maytag posted wider Q4 net loss of 93 cents a share, despite 7% sales growth, missing estimates. Moody reported 22% income rise in Q4 on 21% revenue growth.
123jump.com Staff
02 Feb, 2006
New York City
Weaker sentiment ruled market as morning batch of earnings from Comcast and Tyco reported lower than estimated earnings. United flys out of bankruptcy and stocks closes 10% below the opening price. Starbucks raises profit forecast on 10% same-store sales gain. Retailers report better-than anticipated sales in January. Amazon, after the close, reported Q4 earnings of 47 cents vs. 82 cents a year ago. stock falls 10%.
Elena
02 Feb, 2001
New York City
Retailers posted strong January sales on warm weather and gift cards buying. 80% of all companies posted sales growth above estimates. The gainers were led by Wal-Mart, standing out with a 4.7% rise in same-store sales and total sales growth of 14.5%. Costco sales rose 9%, Target Corp. 5.2%. American Eagle Outfitters sales were up 11.3% and Bebe Stores sales higher by 9.8%. European governments have softened their stance against the hostile bid from Mittal.
Elena
02 Feb, 2006
New York City
Stocks traded in the negative, hurt by inflation worries as a government report showed high labor costs. Retailers posted strong January sales with 80% of them posting sales growth above estimates. The gainers were led by Wal-Mart, standing out with a same-store sales rise of 4.7%, followed by Costco with sales up 9%, Target Corp. 5.2%, American Eagle Outfitters 11.3% and Bebe Stores sales higher by 9.8%. Starbucks posted Q1 profit rise of 20% above esimates.
