Company Earnings - Page 9

Reuters - Retailer J.C. Penney Co. Inc. on Wednesday raised its quarterly profit outlook and said it expects new stores and other improvements to drive a compound annual growth rate of 16 percent in earnings per share over the next few years. More Info...  

Reuters - JPMorgan Chase & Co. on Wednesday said first-quarter earnings rose 55 percent, beating forecasts, as gains in investment banking and private equity outweighed weak growth in retail banking.

AP - Medical device maker Abbott Laboratories Inc. said Wednesday its first-quarter profit fell 19 percent as the company wrote down the value of its holdings in Boston Scientific stock and incurred integration costs related to the purchase of assets from that company last year. More Info...  

FT.com - Wall Street broke a week-long rally and went into reverse on Wednesday as disappointing earnings updates from IBM and Yahoo rekindled concerns about the technology sector. More Info...  

Reuters - Bank of New York Co. , which is buying Mellon Financial Corp. , said on Wednesday that first-quarter profit rose 3 percent, helped by higher fees from holding securities and processing trades for institutional investors.

AP - Quarterly results from International Business Machines Corp. are falling into a pattern: Despite weak spots in certain geographies or business units, the company manages to hit its targets and increase its overall profitability. More Info...  

Reuters - CIT Group Inc., , a consumer and commercial finance company, said on Wednesday quarterly earnings rose, helped by an increase in new business volume. More Info...  

Earnings News

AP - Yahoo Inc.'s first-quarter profit fell 11 percent, disappointing investors who have been betting that the Internet icon had regained its stride after stumbling through much of last year.

AP - Seagate Technology LLC, the world's largest hard drive maker, said Tuesday its fiscal third-quarter profit fell 22 percent because of a tough pricing environment, weaker-than-expected demand and acquisition costs. More Info...  

AP - Benefiting from its rapid shift to a new chip-making process and a big tax windfall, Intel Corp.'s first-quarter profit surged 19 percent as lower production costs helped the company withstand another round in a fierce price battle with rival Advanced Micro Devices Inc.

Investor's Business Daily - The Web's No. 1 portal missed first quarter expectations on Tuesday but analysts say the company's true health won't be known until later this year when its new ad search service known as Panama is running on all cylinders. More Info...  

Reuters - International Business Machines Corp. , the world's largest technology services company, said on Tuesday that quarterly profit rose 8 percent on higher sales of software and computer services.

Reuters - Yahoo Inc. reported on Tuesday an 11 percent fall in quarterly profit, missing Wall Street estimates as a new advertising system aimed at clawing back market share from Google has yet to take hold.

AP - First-quarter earnings at International Business Machines Corp. rose 8 percent and matched Wall Street expectations Tuesday, as a boost from software acquisitions helped overcome moderate overall growth. More Info...  

Reuters - Intel Corp. posted a higher quarterly profit on Tuesday, boosted by a tax item and the No.1 microchip maker raised its full-year margin forecast as new chips gave it an edge over rival AMD .

AP - A deluge of banks earnings on Tuesday took the pulse of the industry at a time growing mortgage and credit woes were forcing banks to charge off more loans or raise reserves against future defaults. More Info...  

AP - Financial news publisher Dow Jones & Co. on Tuesday reported a sharp drop in first-quarter earnings from a year-ago period that included a large accounting gain, but the latest adjusted income topped analyst expectations on lower costs and higher online ad revenue. More Info...  

AP - The Coca-Cola Co., the world's largest beverage maker, said Tuesday its first-quarter profit jumped 14 percent on a double-digit rise in sales, despite continuing problems in its North America unit.

Reuters - Dow Jones & Co. Inc. , publisher of the Wall Street Journal, reported quarterly earnings on Tuesday that beat expectations on higher revenue and cost cuts, sending shares up as much as 6 percent.

AP - Health care products maker Johnson & Johnson said Tuesday its first-quarter profit fell 22 percent as a big charge for a recent acquisition offset record sales driven by last year's purchase of a stable of top consumer health products. More Info...