- Elena
- 26 Jul, 2007
- New York City
U.S. stock futures pointed steeply lower Thursday, reflecting continued concerns about the corporate and mortgage lending markets and rising oil prices. Stronger-than-expected results from Apple and Ford failed to offset the decline. Apple shares climbed 7.1% in pre-open trade after the company reported a 73% profit rise on sales of Macintosh computers. Ford rose 1.3% after posting the first profitable quarter in two years. Market also awaited key economic data on June home sales figures.
- 123jump.com Staff
- 26 Jul, 2007
- New York City
Sensex gained on broad rise in stocks in India. Maruti reported 35% earnings grwoth on 26% sales increase. Ranbaxy and Glaxo Smith Kline have reached a settlment for herpes related generic drug. Ranbaxy has won rights to sell generic version of the drug from 2009. Bharti fell 2.3% after reporting 53% revenue jump and earnings doubled but average revenue per subscriber fell hurting the stock.
- Elena
- 26 Jul, 2007
- New York City
Ford Motor exceeded analyst expectations by posting its first profitable quarter in two years. The auto maker reported Q2 earnings of $750 million, or 31 cents per share, compared with a net loss of $317 million, or 17 cents per share last year, beating estimates of a loss of 35 cents. Ford attributed the positive results to improvements in its automotive operations, cost reductions and special items.
- 123jump.com Staff
- 26 Jul, 2007
- New York City
Nikkei 225 in Toky fell on a reveral in shipping and resources stocks. Techonology stocks fell ahead of earnings from Sony and Cannon. After the close Cannon reported 17% earnings gain but lower than exepected earnings. Sony reported earnings doubled on 13% rise in sales. The company reported wider loss in its Playstation unit.
- 123jump.com Staff
- 25 Jul, 2007
- New York City
Averages is New York rebounded on revised earnings forecast from Boeing and better than expected earnings from Amazon.com. Market gained its firmness in the last hour of trading lifting the averages in Brazil but Mexico closed lower. Europe declined led by a loss in Germany. Japan closed lower on tracking previous day losses in New York but Shanghai closed higher. U.S. and U.K. private equity lenders are stuck with $12 billion of loans. Apple jumps 8% after reporting earnings.
- Elena
- 25 Jul, 2007
- New York City
European stock markets ended lower on Wednesday for a second straight session, dragged by disappointing earnings and guidance from Volvo, Randstad and Siemens. News about another delay of the sale of Chrysler''s bonds also weighed. Across the region, Germany led decliners with a drop of 1.5%, followed by France, down 1.2% and the U.K. losing 0.7%.
- Elena
- 25 Jul, 2007
- New York City
After the initial gains on the back of strong earnings from Boeing and Amazon, U.S. stocks fell sharply lower following the release of a report which showed a bigger-than-expected drop in existing home sales in June. The National Association of Realtors said that sales of existing homes dropped 3.8% to the slowest rate in over 4 years. Another delay of the Chrysler deal sent financial stocks down.
- Elena
- 25 Jul, 2007
- New York City
Further on the earnings news front, Colgate-Palmolive Co. added 1.2% after posting a 47% increase in Q2 profit, meeting analyst estimates of 84 cents a share. Xerox Corp. posted 2.3% increase in Q2 earnings on strong revenue from financing and office equipment servicing and supplies. The company earned 28 cents a share, slightly better than the 27 cents expected by analysts. The stock dropped 5.3%.
- Elena
- 25 Jul, 2007
- New York City
Wall Street opened in the positive territory, boosted by robust earnings from Boeing Co. and Amazon.com. The Dow gained 81 points in the early going, reversing from the steep drop of over 200 points in the previous session. The blue-chip average was led higher by 3.5% advance in the shares of Boeing. It swung to a Q2 profit of $1.1 billion from a loss of $160 million, due to growth in its commercial airplane business. NY Times added 0.9% after posting better-than-expected earnings.
- 123jump.com Staff
- 25 Jul, 2007
- New York City
Sensex in India fell from a record high in sympathy with international markets and higher rupee. IT stocks led the decliners and 23 of the 30 stocks in the Sensex fell. ONGC reported earnngs gain of 12% on lower revenue. Infosys received $250 million order from Philips Electronics for business services. Cement and infrastructure stocks declined sharply after rallying for two days. Government ordered an investigation in the business practices of top cement companies.
- Elena
- 25 Jul, 2007
- New York City
U.S. stock futures rebounded Wednesday from steep losses posted in the previous session. Stronger-than-expected results at Amazon.com and an improved earnings guidance at Boeing generated positive sentiment, helping to offset expectations of another decline in existing home sales. Amazon soared 23% in pre-open trading after the online retailer said its Q2 earnings tripled on 35% revenue growth. Boeing rose 3% after posting a $1.05 billion profit on strong jets sales.
- 123jump.com Staff
- 25 Jul, 2007
- New York City
Stocks in Shanghai advanced to a new high on better than expected earnings from airlines and renewed buying in bank and financial services stocks. Hong Kong closed a fraction lower dragged by banks and oil companies. Aluminum companies soared to the daily limit of 10% on the speculation that metal prices will rise. HSBC continues to trade lower on sub-prime worries. New brokerage accounts in the first three weeks in July jump 30% from a year ago in China.
- 123jump.com Staff
- 25 Jul, 2007
- New York City
Nikkei 225 Index declined 0.8% at close after recovering from a loss of 1.5% at mid-day. Nintendo earnings, sharply higher than expected lifted the average from its worst level in the day. Nintendo earings and revised annual earnings forecast lifted the market. Exporters declined in sympathy with losses in New York trading but shipping companies recovered at the close. Nomura reports earnings jump of more than three-fold.
- 123jump.com Staff
- 24 Jul, 2007
- New York City
Nervous market lead to a sell-off in New York dragging with it other markets in Europe and South America. Three popular averages in New York fell nearly 2% prompting a similar declines in European exchanges. Brazil fell nearly 4%. Subprime worries got a new life after sharp declines in earnings reported by Countrywide Financial. Asian markets at the open will follow similar declines. Amazon.com, after the close reported earnings jump of 257% on revenue gain of 35%.
- Elena
- 24 Jul, 2007
- New York City
European stock markets posted steep losses Tuesday, with financials and energy firms leading decliners. Disappointing earnings from U.S. mortgage lender Countrywide Financial pressured financial shares like Axa and HSBC. London closed down 1.9%, as the worst floods in 60 years weighed on retailers. France and Germany followed suit, each falling 1.7%.