Company Earnings - Page 11

Reuters - Dubai-based Emaar Properties , the largest Arab real-estate developer by market value, reported its slowest rate of profit-growth in the first quarter in at least two years as the U.S. housing market cooled. More Info...  

Reuters - This week could be make-or-break time for Wall Street's push to recover from the market's slide in late February, with earnings due from bellwethers such as Citigroup Inc. and the release of the Consumer Price Index.

Earnings News Reuters - Next week could be make-or-break time for Wall Street's push to recover from the market's slide in late February, with earnings due from bellwethers such as Citigroup Inc. and the release of the Consumer Price Index. More Info...  

AP - Wall Street closed out a bumpy week with a moderate gain Friday as investors, heartened by new inflation data, bought optimistically ahead of next week's rush of earnings releases. The Dow Jones industrials had their 11th advance in 12 sessions, and all the major indexes closed out the week higher.

AFP - Wall Street has been able to shake off worries about a slowing US economy, and has inched closer to a blue-chip record high as the market enters the heart of the corporate earnings season.

AP - General Electric Co., helped by sales of big-ticket items such as jet engines and train locomotives, posted first-quarter earnings of $4.5 billion Friday, up 2 percent from the same period in 2006. More Info...  

AP - After nearly four years of stratospheric profit growth for Standard & Poor's 500 companies, investors are about to see earnings come back down to earth. More Info...  

AP - McDonald's Corp. on Friday reported stronger-than-expected March sales and possibly its best month ever in Europe, results it said will propel first-quarter earnings well above Wall Street estimates. Its stock jumped to the highest level since 1999.

AFP - Indian software giant Infosys on Friday posted a higher-than-expected 70 percent jump in fourth-quarter net profit thanks to a sustained outsourcing boom but forecast sales growth would slow sharply in the year ahead.

AP - Samsung Electronics Co. said net profit fell for a second straight quarter amid declining prices for its mainstay computer chips, but expressed confidence Friday that market conditions will recover later this year.

AP - India's Infosys Technologies Ltd. said quarterly net profit jumped 70.4 percent from a year ago on sustained momentum in outsourcing and predicted on Friday that revenue would grow as much as 30 percent this year. More Info...  

Reuters - Infosys Technologies Ltd., India's No.2 software exporter, beat expectations with a 70 percent jump in quarterly profit, on higher fees and overseas contracts, but forecast more modest earnings growth this year. More Info...  

AFP - South Korea's Samsung Electronics on Friday said net profit during the three months to March fell 15 percent from a year earlier due to weak chip prices.

AP - Krispy Kreme Doughnuts Inc. said Thursday its fourth-quarter loss narrowed as the doughnut maker continues its recovery from a bad stumble several years ago.

Earnings News

AP - Krispy Kreme Doughnuts Inc. said Thursday its fourth-quarter loss narrowed as the doughnut maker continues its recovery from a bad stumble several years ago.

FT.com - Wall Street rallied on Thursday as investors sought a silver lining in a mix of earnings, monthly retail sales figures and economic data. More Info...  

FT.com - Wall Street was firmer at mid-afternoon on Thursday as investors sought a silver lining in a mix of earnings, monthly retail sales figures and economic data. More Info...  

AP - Rite Aid Corp. on Thursday reported a small fourth-quarter profit that missed expectations, and the nation's third-largest drugstore chain said it has agreed to divest two dozen stores in a deal for 1,850 Brooks and Eckerd stores that it expects to close in May.

Reuters - Rite Aid Corp. , the third-largest U.S. drugstore chain, said on Thursday its quarterly profit fell and it now expects to buy the U.S. Brooks and Eckerd drugstores from Jean Coutu by the end of May.

AFP - South Korea's leading steelmaker POSCO said Thursday its operating profit jumped 41 percent year-on-year in the three months to March, backed by firm prices and cost reductions.