- 123jump.com Staff
- 24 Jul, 2009
- New York City
Reliance Industries, the most valued company in India, revenues declined 22.6% to $7 billion and net income fell 11.5% to $759 million in the fiscal first quarter ending in June. The price decline in crude oil and sharp fall in refining margins contributed the revenues and earnings shortfall.
- 123jump.com Staff
- 24 Jul, 2009
- New York City
Global rally in stocks lifted Tokyo benchmark index. Fujitsu increased for the second day after offering target for record earnings in fiscal 2011. Panasonic gained 8% on broker recommendation. Shipping companies increased. Japan Tobacco dropped for the second day on the prospect of higher taxes.
- 123jump.com Staff
- 24 Jul, 2009
- New York City
Improved monsoon rains in the last seven days and earnings momentum lifted the benchmark index Sensex higher. Rupee edged higher. Earnings released from 450 companies to date have increased 17.4% in the first fiscal quarter.
- 123jump.com Staff
- 23 Jul, 2009
- New York City
Apple Inc quarterly revenue rose 11.8% to $8.34 billion riding on the best non-holiday quarterly revenue ever. Net profit rose by 15% to $1.23 billion. Earnings per share were $1.35 compared to $1.19 in the year ago quarter.
- Mukesh Buch
- 23 Jul, 2009
- New York City
U.S. stocks surged on lower than expected rise in unemployment claims and third monthly increase in home sales. Earnings momentum drove the market indexes to record territory for the year. Dow closed above 9,000 for the first time since January. Markets in Asia, Europe and South America closed up.
- Mayank Mehta
- 23 Jul, 2009
- New York City
Ford Motor Company reported a loss but expects earnings to improve for the year. eBay, International Game Technology and EMC surged after companies exceeded expectations. Pacific Sunwear declined on lowered earnings outlook. SanDisk revenue guidance disappoints investors.
- 123jump.com Staff
- 23 Jul, 2009
- New York City
The online auctioneer net revenue dipped 4.5% to $2.1 billion in the quarter. Net quarterly income declined 29% to $327.3 million impacted by a stronger dollar and weakness in the core marketplaces business. Earnings per share decreased to 25 cents from 35 cents a year-ago quarter.
- Mayank Mehta
- 23 Jul, 2009
- New York City
Stocks in Mumbai trading surged on positive earnings from Maruti Suzuki, ACC, ITC, Biocon and Union Bank of India. Tata Power and Sterlite completed their international capital raising. The latest read on wholesale inflation index showed a decline.
- 123jump.com Staff
- 21 Jul, 2009
- New York City
Fed Chairman Bernanke in his prepared remarks for lawmakers indicated that unemployment will remain high till 2011 and slow economic recovery in 2010 will accelerate in 2011. Regions Financial plunged on wider than expected loss in the second quarter. Caterpillar surged on positive outlook.
- Mayank Mehta
- 21 Jul, 2009
- New York City
Investors in India worried weak rain in the first 45 days of monsoon season may increase government deficit and lower rural spending. Tata Steel raised $500 million in an offering in Europe. Average sales have increased 11% and earnings 19% at the 230 companies releasing earnings so far.
- 123jump.com Staff
- 21 Jul, 2009
- New York City
The financial institution reported revenue surged 60% to $33.1 billion in the quarter. Net quarterly income dipped 5.5% to $3.22 billion hurt primarily by higher provision for credit losses, merger and restructuring charges. Earnings per share slumped to 33 cents from 72 cents a year-ago quarter.
- 123jump.com Staff
- 20 Jul, 2009
- New York City
Google second quarter revenue rose just under 3% to $5.52 billion. Profit rose 18.5% to $1.48 billion riding on year-over-year 15% increase in paid clicks. Earnings per share were $4.66 compared to $3.92 in the year ago quarter.
- Mukesh Buch
- 20 Jul, 2009
- New York City
U.S. indexes added to the 7% last week as cautious optimism about earnings lifted market indexes. The improved economic sentiment lifted commodities prices which in turn lifted markets in Australia, Canada, Brazil and China. India and U.S. signed several agreements involving nuclear power plants.
- Trupti Mehta
- 20 Jul, 2009
- New York City
The UK indexes edged higher after miners and financials closed up. ICAP, the inter-broker dealer completed raised 300 million euros through 5-year bonds. The pound gained after homes for sale were listed at higher prices. Domino
- Mayank Mehta
- 20 Jul, 2009
- New York City
Tyson Foods led the decliners in the S&P 500 index with a loss of 8.6%. Eaton second quarter earnings plunged 92% and lowered its operating earnings outlook for the year. CIT surged after it arranged a rescue loan of $3 billion from its bond holders. S&P 500 index will replace CIT with Red Hat, Inc.