- 123jump.com Staff
- 25 Apr, 2007
- New York City
Apple reported 85% rise in earnings on the back of strong sales momentum in iPod. The company sales advanced 21% in the quarter. The company also guided third quarter sales of $5.1 billion and earnings per share of 66 cents.The stock rose 10% in the after market trading. Portable line of computer sales advanced 79% in unit sales and 83% in revenue. Apple sold 10.55 million iPods for $1.77 billion in the quarter.
- 123jump.com Staff
- 25 Apr, 2007
- New York City
Market averages gained on strong durable goods orders in March and solid earnings report from several large companies. Market maintained the upward charge during the session despite a oil price rise. weekly oil inventory report suggested that gasoline supplies fell to 18-month low, sparking 1.9% advance in oil. Royal Bank of Scotland and Fortis made $100 billion bid for ABN Amro Bank.
- Elena
- 25 Apr, 2007
- New York City
European stock markets gained ground on Wednesday, driven higher by gains from ABN Amro and well-received earnings. Banks were among the biggest gainers, led by 3.5% rise in the shares of ABN Amro. In earnings news, KGaA rose 4.5% after the company posted a 37% rise in Q1 sales. Shire surged 5.2% after it said its Q1 profit doubled.The German DAX 30 advanced 1%, the French CAC-40 climbed 1%, and the U.K. FTSE 100 rose 0.5%.
- Elena
- 25 Apr, 2007
- New York City
U.S. market averages traded firmly in the positive territory, with the Dow Jones briefly crossing the historic record of 13,000 points for the first time. The solid gains for the blue-chip average were generated by stronger-than-expected earnings reports and robust economic data. Companies beating forecasts included PepsiCo Inc., Corning Inc., Colgate-Palmolive and Dow member Boeing Co. Soft drink maker PepsiCo added nearly 1% after it posted 16% profit rise in Q1, beating expectations.
- Elena
- 25 Apr, 2007
- New York City
Amazon surged 21% after the Internet retailer reported doubled profit on 28% sales growth. Boeing announced 27% increase in Q1 earnings, due to robust orders for commercial airplanes and strong defense business. The world''s No. 2 commercial airplane maker earned $1.13 per share, up from 88 cents per share a year earlier. The stock lost 0.7%. PepsiCo posted 16% profit rise in Q1 to 65 cents per share, up from 56 cents per share a year earlier. Company''s shares added 0.7%.
- Elena
- 25 Apr, 2007
- New York City
Wall Street opened higher, with the Dow Jones hitting the 13,000-point milestone for the first time in history, helped by strong corporate profits, stronger-than-expected economic data, and Alcoa
- Ivaylo
- 25 Apr, 2007
- New York City
J Sainsbury was in the center of attention on Wednesday as fresh bids fueled its shares rally. Reports suggest that Qatar-based group Three Delta has bought 14% of the shares, but there has been no confirmation of this from it or from Sainsbury. Barclays is also going well despite being outbid for ABN Amro by Royal Bank of Scotland and its partners. By mid-day, the FTSE 100 was up 30.9 points to 6,460.4.
- Ivaylo
- 25 Apr, 2007
- New York City
Asian markets finished lower on Wednesday, as losses in Tokyo in export-related shares led regional stocks down. Declines in U.S. housing sales and consumer-confidence caused concerns over the outlook for the most important export market of the region. Sony in Japan and Samsung in South Korea were both down, while Canon bucked the downtrend and advanced.
- Elena
- 25 Apr, 2007
- New York City
U.S. stock futures advanced on Wednesday, pushed by better-than-anticipated durable goods orders and strong earnings reports from major companies. The Commerce Department said that orders for durable goods rose 3.4% in March to a seasonally adjusted $214.85 billion. Further boost to the market sentiment was given by robust corporate profits released by Amazon, Boeing, and Pepsi Co. Amazon.com jumped 15% in pre-open after the Internet retailer posted doubled Q1 profit on 28% sales rise.
- Elena
- 25 Apr, 2007
- New York City
A consortium of banks led by the Royal Bank of Scotland announced Wednesday it is planning to launch a rival bid to Barclays'''' offer for ABN Amro on the condition that the sale of ABN
- Ivaylo
- 25 Apr, 2007
- New York City
The benchmark index opened with a positive bias but soon traded in negative territory on weak technology stocks, hurt by the strengthening of the rupee. Short-covering, as well as interest in index large-caps in auto and pharma sectors, together with the surge in Reliance Industries, helped the Sensex end in positive territory. Ranbaxy was the best performing stock on BSE, while Infosys led the decliners. The Indian rupee rose to a nine-year high.
- Ivaylo
- 25 Apr, 2007
- New York City
European shares rose on Wednesday morning, supported by gains from ABN Amro after a bidding consortium said that they may pay around $100 billion for the Dutch bank and some well-received earnings from Siemens, Michelin and LVMH. Results from Siemens, Michelin and LVMH rekindled confidence that companies earnings growth remains on track. The U.K. FTSE 100 index rose 0.2%, the German DAX Xetra 30 index increased 0.6% and the French CAC-40 index advanced 0.5%.
- Ivaylo
- 25 Apr, 2007
- New York City
Corn futures closed substantially higher on Tuesday, drawing support from a lower-than-expected planting pace in U.S. Department of Agriculture weekly crop progress report, announced on Monday. Gold and silver futures also declined on Tuesday, while weaker U.S. economic data and technically oriented selling prompted a pullback in copper futures. In energy trading, all stocks finished lower save for natural gas which bucked the trend and advanced.
- 123jump.com Staff
- 24 Apr, 2007
- New York City
Stocks rose despite the housing data. U.S. consumer confidence fell significantly in April. AT&T fell 1.3% after it said first-quarter profit jumped 97%. Texas Instruments shares rose 7.9%. Chip makers National Semiconductor and Sandisk added 4.8% and 4.4% respectively. Alcatel-Lucent reported a sales decline, but shares rose 4.7%. Express Scripts rose 9.4%.
- 123jump.com Staff
- 24 Apr, 2007
- New York City
Stocks climbed as investors shrugged off disappointing housing and consumer confidence data to focus on a raft of stronger-than-expected quarterly earnings. Lockheed Martin, the nation''s largest military contractor, reported quarterly profit rose 17% from the year-ago period. AT&T reported profit doubled during the first quarter to beat Wall Street projections but shares fell. DuPont posted a 16% rise in first-quarter profit.