Company Earnings - Page 6

Reuters - Chipmaker Texas Instruments Inc. posted a smaller-than-expected fall in quarterly profit and said a broad recovery would help it beat second-quarter targets, sending its shares up 9 percent on Monday.

Reuters - Diversified manufacturer Crane Co. said quarterly profit rose due to improvement across all its segments, except the aerospace and electronics division. More Info...  

AP - Stocks retreated from historically lofty levels Monday as rising oil prices chilled investor enthusiasm for strong earnings reports and new takeover activity. The Dow Jones industrials came within 17 points of 13,000 before pulling back.

AP - Boston Scientific Corp. on Monday said its first-quarter profit fell by 64 percent on weak sales of the medical device maker's top-selling product as well as costs from the company's $27 billion acquisition of Guidant Corp. last spring. More Info...  

AP - Texas Instruments Inc. reported a 4 percent drop in first quarter earnings Monday as the world's leading maker of chips for cell phones dealt with a glut of inventory and shifting demand in the wireless market toward lower-end phones with less-expensive chips.

AP - Kimberly-Clark Corp., the maker of Kleenex tissue and Huggies diapers, said Monday its first-quarter profit rose 64 percent on strong sales growth and cost-cutting efforts, but the company said it was concerned about rising pulp prices.

AP - Hasbro Inc., the nation's second-largest toymaker, swung to a first-quarter profit Monday on growth in its Marvel product line and core brands and said it was anticipating strong sales in movie-related products this spring and summer. Its shares rose nearly 8 percent. More Info...  

AP - Drug maker Novartis AG posted an 11 percent increase in first-quarter earnings Monday, led by strong sales of its hypertension and cancer treatments. More Info...  

Reuters - Hasbro Inc. on Monday posted a profit that trounced expectations, on strong sales of Spider-Man toys and its Littlest Pet Shop and Playskool brands, sending the company's shares up 10 percent.

AP - Delta Air Lines Inc., a week away from exiting bankruptcy, reported Monday that it narrowed its loss in the first quarter on an 11.4 percent rise in sales. More Info...  

Reuters - Bank of America Corp. on Monday said it expects its $21 billion purchase of ABN Amro Holding NV's LaSalle Bank Corp. unit to add 2 percent to earnings per share in the first year and 5 percent once cost savings are phased in. More Info...  

AP - Fiat SpA said Monday that its net income more than doubled in the first quarter, due largely to growth in its flagship auto and trucks businesses.

AP - The Dow Jones industrial average is now perched below the 13,000 mark, lifted last week by surprisingly strong earnings reports. If this week's reports follow that trend, investors may send the index hurtling past that milestone.

Earnings News

AP - The Dow Jones industrial average is now perched below the 13,000 mark, lifted last week by surprisingly strong earnings reports. If this week's reports follow that trend, investors may send the index hurtling past that milestone.

Reuters - As the Dow industrials approach 13,000 for the first time, investors will keep a close eye on the heavy flow of quarterly earnings while new data on consumer sentiment and the pace of the U.S. economy stream this week.

Earnings News

Reuters - Japan's top two steel makers, Nippon Steel Corp. (5401.T) and JFE Holdings Inc. (5411.T), are expected to report record group profits for the business year ending in March 2008, the Nikkei daily said on Saturday.

Reuters - Japan's top two steel makers, Nippon Steel Corp. (5401.T) and JFE Holdings Inc. (5411.T), are expected to report record group profits for the business year ending in March 2008, the Nikkei daily said on Saturday.

Earnings News Investor's Business Daily - The U.S. drug industry held a party last week, but someone forgot to invite the biggest kid on the block. More Info...  

Investor's Business Daily - The U.S. drug industry held a party last week, but someone forgot to invite the biggest kid on the block. More Info...  

AP - Wall Street bounded higher Friday, hurtling the Dow Jones industrial average to a record close approaching 13,000 as investors celebrated a week of surprisingly strong earnings reports. The major indexes all had their third straight winning week, their longest such streak since October.