Elena
21 Apr, 2006
New York City
Google shares sharply jumped after the company posted Q1 profit jump of 60% on revenue growth of 79%. Earnings for the quarter came in at $1.95 vs. $1.29 a year ago on gross revenue of $2.29 billion. Google generated 58% of sales from ads on its own site and 41% from its advertising partners.
Elena
21 Apr, 2006
Frankfurt
European stocks rose at mid-day, supported by six-year-high close of the Dow overnight which offset disappointing news from Sweden
Elena
21 Apr, 2006
New York City
Asian-Pacific benchmarks finished mixed. The leading gainer was China Shanghai Composite, rising 2.2%, led by Sinopec. South Korean Kospi reached a record high of 1.2%, lifted by major tech companies. The Nikkei rose 0.5%, helped by blue chip stocks. Markets in Hong Kong, Australia and Taiwan declined.
123jump.com Staff
20 Apr, 2006
New York City
Market averages rose in the morning hours but failed to maintain the advance at close. Oil price fell but trader near elevated level. Gold, silver and copper fell sharply. Google reported 60% rise in earnings and 79% rise in revenue and stock jumped $28 in the after hours trading. International Gaming and Technology rose 1.4% at close on better earnings. Nasdaq markets reported 42% rise in earnings. SanDisk fell 5% on earnings after hours.
123jump.com Staff
20 Apr, 2006
New York City
Emerging markets in general advanced around the wrold led by a rise in India, Indonesia, Philippines and Mexico. Brazil and Argentina declined. A sharp correction in gold and silver prices hurt South African market. Brazil lowered its Selig interest rate by 75 basis points to 15.75%. Bovespa in Sao Paolo briefly touched 40,000 index, yesterday for the first time before settling lower. India closed at record high on 9% rise Reliance Industries.
Elena
20 Apr, 2006
Frankfurt
European shares closed mixed as technology, semiconductor and media stocks rallied to boost markets in France and Germany, but a sharp decline in commodities prices sent U.K. stocks lower. Strong quarterly earnings for Nokia lifted the tech sector. The French media company Vivendi declined. Rio Tinto, Randgold Resources, and Vedanta Resources advanced. The German DAX 30 led advancers, rising 1.1%, followed by the French CAC 40, up 0.9%, while London
Elena
20 Apr, 2006
New York City
Merck posted 11% profit increase in the Q1, despite flat sales. Bank of America posted Q1 net income rose 14% on revenue growth of 41%. Intel posted 38% Q1 profit decline as PC sales slowed. The company cut its 2006 revenue forecast, citing rising inventories of its products. General Motors rose 9% after posting Q1 net loss of 57 cents a share, narrower than a loss of $2.22 a share a year-ago. Online auctioneer eBay fell 7.5% after it hit analyst earnings forecast.
Elena
20 Apr, 2006
Mumbai
Indian market staged a narrow rally and rose 1.2% to a new record on the news than Reliance Petroleum is on the verge of locating oil in Krishna-Godavari basin and Chevron is likely to raise its stake to 40% in the company.
Elena
20 Apr, 2006
New York City
Intel posted 38% Q1 profit decline as PC sales slowed. The company cut its 2006 revenue forecast, citing rising inventories of its products held by PC makers and market share losses. General Motors reported sixth consecutive quarterly loss. The automaker postedQ1 netloss of $323 million, or 57 cents a share, narrower than a loss of $1.3 billion, or $2.22 a share a year-ago. Q1 included a $1.20 a share charge for a healthcare settlement for its retired workers.
Elena
20 Apr, 2006
New York City
General Motors reported sixth consecutive quarterly loss. The automaker postedQ1 netloss of $323 million, or 57 cents a share, narrower than a loss of $1.3 billion, or $2.22 a share a year-ago. Q1 included a $1.20 a share charge for a healthcare settlement for its retired workers.
Elena
20 Apr, 2006
Frankfurt
European markets advanced at mid-day on strong earnings results from mobile phone giant Nokia and positive news from French companies Vivendi Universal and Groupe Danone. Technology stocks led gainers after Nokia released strong quarterly results. The French CAC 40 led advancers, rising 0.7%, followed by the German DAX 30, up 0.4%, and London
Elena
20 Apr, 2006
New York City
Asian markets finished mixed. The Nikkei edged down 0.2% to 17,317.53 on weakness in energy-sensitive stocks after crude oil prices hit new record-hugh. Across the region, South Korean Kospi dropped 0.4%, Singapore Straits Times felll 0.3%, while Hong Komg gained 0.1%. Australia All Ordinaries also fell 0.1% on weakness in banking and resource stocks.
123jump.com Staff
19 Apr, 2006
New York City
Market attempted a rise in the morning hours of trading but rise in March CPI blunted market advance in the mid-afternoon trading. Gold and silver rose at close and oil rose modestly. Yahoo, Texas instruments and General dynamics rose during regular hours of trading on earnings. AMR reported lower losses. Emerging markets in Brazil, Russia and Indonesia closed higher.
123jump.com Staff
19 Apr, 2006
New York City
Emerging markets scaled new heights in Asia and Latin America. Firm interenational price of metal and energy prices supported a rise in indexes in South Africa, Indonesia, Brazil and Russia. Mexico rose ahead of earnings season. India gained as cement and sugar companies reported earnings.
123jump.com Staff
20 Apr, 2006
New York City
Market is slowly but surely refocusing on earnings. General Motors stock gained 10% on loss of 57 cents vs. $2.22 a year ago. EBay after reporting lower earnings lost 9%. Intel faced a barrage of questions on chip inventories, lower gross margins and coming price war in the conference call. Altria and Bank of America rose a fraction.
