Company Earnings - Page 28

AP - Office Depot Inc., the nation's second-largest office supplies retailer, said Wednesday its fourth-quarter earnings rose 27 percent as the chain cut operating costs and used promotions to drive holiday sales. More Info...  

Reuters - Office Depot Inc. , the world's No. 2 office-supplies retailer, said on Wednesday its quarterly profit rose 27 percent, but its sales fell short of Wall Street's expectations and its shares dropped 2.5 percent.

AFP - German-US auto giant DaimlerChrysler has said that growth of overall group earnings last year was capped by heavy losses at the US subsidiary Chrysler.

AP - Automaker DaimlerChrysler AG, which is about to announce a downsizing of its Chrysler unit, said Wednesday its fourth-quarter earnings plunged 40 percent on weaker demand from Chrysler.

Reuters - Fourth-quarter operating profit at DaimlerChrysler rose to 1.877 billion euros ($2.45 billion) despite an operating loss at U.S. arm Chrysler, the world's fifth-biggest carmaker said on Wednesday. More Info...  

FT.com - On a busy day for corporate earnings, European equity markets moved higher by lunchtime on Wednesday, helped by record results from Commerzbank and expectations that DaimlerChrysler (NYSE:DCX) will announce a dramatic restructuring. More Info...  

AFP - Shares in Electrolux, the world's biggest household appliances maker, have surged by 20 percent after the company announced its 2006 net profit had more than doubled owing to strong sales and a successful restructuring plan.

Reuters - Number two global home appliance maker Electrolux (ELUXb.ST) posted a surprise rise in fourth-quarter profit on Wednesday as European demand offset a U.S. slowdown, pushing its shares up by nearly a fifth. More Info...  

Earnings News

Reuters - Applied Materials Inc. , the top supplier of equipment for making microchips, on Tuesday posted a quarterly profit that nearly tripled and said revenue could rise as much as 5 percent in its current quarter.

Reuters - Applied Materials Inc. , the top supplier of equipment for making microchips, on Tuesday posted a quarterly profit that nearly tripled and said revenue could rise as much as 5 percent in its current quarter.

Reuters - Marsh & McLennan Cos. Inc., the world's largest insurance brokerage company, said on Tuesday that fourth-quarter earnings soared, helped by growth in its consulting businesses.

AP - Nasdaq Stock Market Inc. Chief Executive Robert Greifeld said Tuesday the No. 2 U.S. exchange held talks with top shareholders of the London Stock Exchange and refused to negotiate a higher-priced deal to create a trans-Atlantic powerhouse.

AP - KB Home reported a loss in its fourth quarter Tuesday as the homebuilder absorbed a series of charges related to inventory and land options and saw the number of net orders for homes decline sharply amid a tough housing market.

Reuters - MetLife Inc. , the largest life insurance company in the United States, said on Tuesday that fourth quarter earnings rose fivefold from a year ago on gains from the sale of its New York apartment complexes and higher revenues.

AP - Levi Strauss & Co. ended its latest fiscal year on the upswing, but it still wasn't enough to prevent the jeans maker from suffering its ninth annual sales decline during the past decade. More Info...  

AP - MetLife Inc., one of the nation's biggest insurance companies, said Tuesday that fourth-quarter profit soared as revenue grew and it closed on the $5.4 billion sale of the biggest apartment complex in Manhattan. More Info...  

Reuters - Nvidia Corp. on Tuesday posted a 68 percent rise in quarterly profit as the graphics chipmaker had strong sales of its chips for desktop and notebook personal computers.

FT.com - Wall Street stocks rallied on Tuesday on sound earnings figures, an analyst upgrade for General Motors (NYSE:GM) and reports of a possible takeover approach for Alcoa (NYSE:AA), the aluminium group. More Info...  

Reuters - Nasdaq Stock Market Inc. issued a disappointing 2007 earnings forecast on Tuesday, overshadowing strong quarterly earnings and sending its shares down 12 percent.

Reuters - Weight Watchers International Inc. said on Tuesday its quarterly profit rose, helped by higher revenue. More Info...