- 123jump.com Staff
- 21 Apr, 2010
- New York City
Stocks in early trading in New York looked for a direction. Positive earnings from Morgan Stanley and Apple Inc lifted other stocks in financial services and technology sector. Air travel in northern Europe picked up after London and other airports reopened.
- Mayank Mehta
- 21 Apr, 2010
- New York City
Stocks in Mumbai gyrated ahead of weather forecast this week and the government auction of $2.7 billion debt. Reserve Bank of India governor Subbarao left the door open for interest rate change ahead of the next scheduled meeting in two months.
- 123jump.com Staff
- 21 Apr, 2010
- New York City
Revenues rose 44.2% to $10.3 billion and net income rose 288% to $2.44 billion or 43 cents a share. Operating profit of $3.4 billion and cash flow from operations of approximately $4 billion. Gross margin of 63.4% was higher than expectation.
- 123jump.com Staff
- 21 Apr, 2010
- New York City
Sales rose 33% to $1.57 billion and net income was $257 million or 35 cents a share. Operating expenses in the quarter were $542 million, within the guided range. Non-GAAP gross margin for the quarter was 43%, up two percentage points from last quarter.
- Darlington Musarurwa
- 20 Apr, 2010
- New York City
Caribbean markets were most active for the years as institutional buyers picked up shares in Trinidad and Jamaica. Trading in Jamaica surged to J$190 million from the daily average of J$18 million. Worldwide airlines are expected to lose as much as $1 billion.
- 123jump.com Staff
- 20 Apr, 2010
- New York City
U.S. indexes closed struggled to retain early gains but most stocks advanced on positive earnings from Coca-Cola, IBM, Goldman Sachs and Harley Davidson. Canadian dollar fetched more than one U.S. dollar. European air travel is expected to improve tomorrow with London airports scheduled to reopen.
- 123jump.com Staff
- 20 Apr, 2010
- New York City
Market indexes in Shanghai and Hong Kong rebounded after falling sharply in the previous session. China tightened property sales rules for developers to increase transparency curb price speculation. China Mobile quarterly net rose 1%.
- Darlington Musarurwa
- 20 Apr, 2010
- New York City
The broader Topix index closed higher on the earnings expectations. Isuzu estimated a return to profit after two-years of losses and estimated net of 13 billion yen. Mitsubishi Motors cuts 2009 profit estimate. Japan is set to make revised money lending rule to be effective as of June 18.
- Mayank Mehta
- 20 Apr, 2010
- New York City
UK stocks rebounded after rising earnings lifted trading sentiment. AB Foods, SABMiller and Burberry Group were in focus after companies reported better than expected results. March inflation rose to 3.4% and core inflation increased 3%.
- Mayank Mehta
- 20 Apr, 2010
- New York City
European markets closed higher on positive earnings. Daimler AG surged 7% after it estimated higher profit this year and Novartis AG said first quarter sales rose 25% and net surged 49%. TeliaSonera AB the provider of telecommunications services said first quarter sales fell 4%.
- Mayank Mehta
- 20 Apr, 2010
- New York City
IBM net rises 13% in first quarter but services revenues declined. Marshall & Ilsley loss widens. J&J reports higher first-quarter profit. Coach, Inc third quarter net surged 37%. Coca-Cola first quarter net rose 19% on 5% increase in sales.
- 123jump.com Staff
- 20 Apr, 2010
- New York City
U.S. stocks traded sideways after Goldman Sachs reported better than expected earnings and the company faces more scrutiny in Europe. IBM reported lower than expected services revenues. Nearly half the flights in Europe are expected to meet the schedule today.
- Darlington Musarurwa
- 20 Apr, 2010
- New York City
Stocks in Australia traded higher after world markets rebounded and commodities prices increased. The RBA in its statement noted stronger
- 123jump.com Staff
- 20 Apr, 2010
- New York City
Reserve Bank of India lifted key rates by 25 basis points, lower than expected. Rupee and stocks closed higher. The RBI estimates inflation to decline to 5.5% by the end of fiscal year from the current rate of 9.9% and estimated fiscal year economic growth rate of 8%. TCS quarterly net soars 50%.
- 123jump.com Staff
- 20 Apr, 2010
- New York City
Revenues rose 8.3% to $1.3 billion & net income up 8.7% to $349 million or 61 cents a share. During the quarter the margin has fell 100 basis points as per IFRS. The last quarter margin that is the Q3 margin was 31.1%, Q4 is 30.1%. Effective tax rate has come down in Q4 to 21.6% versus 22.6% in Q3.