Company Earnings - Page 4

Reuters - Apple Inc. said on Wednesday quarterly profit soared 88 percent on lower component costs and sales of MacBook laptops and iPod digital media players, lifting its shares by 8 percent to above $100 for the first time.

AP - Wendy's International Inc. announced Wednesday that it has created a special committee of directors to consider a possible sale of the company, among other options. Wendy's shares surged more than 12 percent in after-hours trading.

AP - It looks like cause for celebration: The Dow Jones industrial average surged from 12,000 to 13,000 in just six months. But appearances can be deceiving, and there may be more reason to worry than rejoice about Wall Street's latest accomplishment.

AP - Hynix Semiconductor Inc., the world's second-largest manufacturer of computer memory chips, said Thursday its first-quarter net profit rose 45 percent as sales soared. More Info...  

Reuters - Wireless technology and chip developer Qualcomm Inc on Wednesday posted higher quarterly profit and revenue and raised its estimate for full-year earnings on strong demand for its chips for mobile phones with high-speed Internet connections. More Info...  

Investor's Business Daily - Apple shattered Wall Street's earnings expectations for its fiscal second quarter, thanks to robust sales of Macintosh computers and iPod music players. More Info...  

AP - Profit outlooks for defense contractors have turned murky as Congress faces down President Bush over defense funding and the war in Iraq, and the Pentagon subjects contractors to greater scrutiny over performance.

FT.com - Wall Street cheered a string of better-than-expected earnings and a rise in reported capital spending on Wednesday, propelling the Dow Jones Industrial Average through the 13,000 threshold for the first time. More Info...  

AP - Qualcomm Inc. on Wednesday posted a 22 percent increase in fiscal second-quarter profits on strong sales of its chips that run mobile phones. More Info...  

AP - PepsiCo Inc., the world's second-largest soft drink maker, said Wednesday its first-quarter profit rose 16 percent on the strength of its international and Frito-Lay snacks divisions.

AP - ConocoPhillips said Wednesday that asset sales pushed its first-quarter profits up 7.7 percent, but the oil major's key exploration and production arm was hurt by lower commodity prices and the company warned of lower production.

AP - Boeing Co. put more pressure on its European rival Airbus Wednesday in the dog fight for the slot as the world's No. 1 airplane maker.

AP - Pricier beer and fewer discounts pushed Anheuser-Busch Cos. Inc. earnings up 3.7 percent in the first quarter, the nation's largest brewer said Wednesday, but the results were below Wall Street expectations. More Info...  

Reuters - PepsiCo Inc. on Wednesday reported a 16 percent rise in quarterly profit, topping Wall Street estimates, on lower corporate expenses, a lower tax rate and strong international sales of snacks and beverages.

FT.com - Wall Street cheered a string of better than expected earnings and a rise in reported capital spending on Wednesday, propelling the Dow Jones Industrial Average through the 13,000 threshold for the first time. More Info...  

AP - Defense contractor General Dynamics Corp. on Wednesday said its first-quarter profit rose 16 percent on higher results in its private jet, information technology and military vehicle units. More Info...  

AP - United Airlines parent UAL Corp. reported a worse-than-expected loss of $152 million for the first quarter Wednesday, its second straight period in the red just a year after its emergence from bankruptcy. More Info...  

Reuters - E.W. Scripps Co. said on Wednesday quarterly profit dropped with weak newspaper advertising and a loss for its Internet business, while magazine company Meredith Corp. posted revenue below Wall Street forecasts, sending both their stocks lower. More Info...  

AP - WellPoint Inc. said Wednesday its first-quarter profit rose 7 percent, but the nation's largest health insurer's stock fell amid Wall Street's concerns over rising costs for its state-sponsored business in two states, including California. More Info...  

Earnings News

AP - Wall Street was mixed Tuesday, recovering from an early loss as investors shrugged off disappointing housing and consumer confidence data to focus on stronger-than-expected quarterly earnings. The Dow Jones industrials set a new trading high, and resumed their trek toward 13,000.