123jump.com Staff
26 Oct, 2005
New York City
Market traded in a tight range on weaker earnings from Boeing, caution on holiday sales from Amazon and general weariness on rising bond yields. Chemical companies such as Air Products and duPont surprise market. Starwood reported lower profit on tax charges. P.F. Chang's, Chinese restaurant, lowered year's earnings, stock fell 12%. Amazon fell 14% on lower holiday sales forecast. Bausch & Lomb earnings fell on Brazilian investigation.
Elena
26 Oct, 2005
New York City
Among the companies reporting today, Boeing posted a Q3 income rise which tops estimates, despite a revenue decline. Kerr-McGee posted third-quarter profit jump, beating estimates. Amerada Hess Corp released higher quarterly income, but misses estimates. WellPoint released quarterly profit growth, exceeds expectations. Sprint Nextel swings to profit on 39% revenue increase.
Elena
26 Oct, 2005
New York City
Among the companies reporting today, Boeing posted a Q3 income rise which tops estimates, despite a revenue decline. Kerr-McGee posted third-quarter profit jump, beating estimates. Amerada Hess Corp released higher quarterly income, but misses estimates. WellPoint released quarterly profit growth, exceeds expectations. Sprint Nextel swings to profit on 39% revenue increase.
Elena
26 Oct, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei rising 0.9% on resource stocks. European markets traded higher at mid-day, led by London's FTSE 100, up 0.8%. Among the oil majors reporting today, Kerr-McGee posted third-quarter profit jump, beating estimates. Amerada Hess Corp released higher quarterly income, but missed estimates. Boeing Co. reported Q3 income growth, despite revenue decline, exceeding expectations.
123jump.com Staff
25 Oct, 2005
New York City
Share buybacks from IBM and duPont supported these stocks but not the market. Legg Mason shares fall 5% despite 32% earnings rise. Afer the clsoe, Amazon indicated Q4 revenue on the lower end of the estimates of $2.9 billion but 14% higher than a year ago. Stock drops 7%. CME reports earnings growth of 30%. Lockheed reports 96 cents vs. 69 cents a year ago and Northrop reports 80 cents, flat earnings growth. Both defense contractors beat the estimates.
Elena
25 Oct, 2005
New York City
U.S. stock markets have extended losses throughout the session on a renewed oil prices rise of over $2 a barrel and surging natural gas. Another drag of the market sentiment has been the tech sector with the chip maker Texas Instruments being the leading decliner, down 8%. An unexpected decline in consumer confidence sent the retal sector lower and the S&P retail index down 2%.
Elena
25 Oct, 2005
New York City
Tech sector declines as semiconductor Texas Instruments, which is down 7.5%, set a gloomy tone of the session, posting a disappointing fourth-quarter outlook, followed by Lexmark's lowered Q4 guidance. Chemical maker DuPont Corp. is rallying 4%, despite reporting a third-quarter loss, citing tax and hurricane-related charges. Lockheed Marin released Q3 39% net income jump.
Elena
25 Oct, 2005
New York City
Semiconductor Texas Instruments set a gloomy tone of the session, posting a disappointing fourth-quarter outlook. The stock is down 6%. Chemical maker DuPont Corp. is rallying 2%, despite reporting a third-quarter loss, citing tax and hurricane-related charges. Lockheed Marin released Q3 39% net income jump.
Elena
25 Oct, 2005
New York City
Asian-Pacific markets closed largely higher on Wall Street gains and the new Fed Reserve Chairman nomination of Ben Bernanke. The Nikkei surged 1.3%. European stock markets also advanced at mid-day, led by the German DAX 30, up 0.4%. On the earnings news front, semiconductor Texas Instruments posted a disappointing fourth-quarter outlook. Chemical maker DuPont Corp. reported a third-quarter loss, citing tax and hurricane-related charges. Lockheed Marin released Q3 39% net income jump.
Elena
24 Oct, 2005
New York City
Asian-Pacific markets finished down ahead of earnings reports with the Nikkei losing 0.7%. European stocks gained ground at mid-day, led by the German DAX 30, up 0.2%. Earnings news dominate again. 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.
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%.
