Company Earnings - Page 17

Reuters - Women's apparel retailer AnnTaylor Stores Corp. posted better-than-expected quarterly profit on Friday and forecast earnings for the year above the average Wall Street estimate, sending its shares up as much as 7 percent. More Info...  

AFP - Nissan chief executive Carlos Ghosn, Japan's breakthrough foreign manager, will take charge of its finances in a reshuffle as the automaker prepares to report its first earnings drop on his watch, officials said Friday.

Reuters - Nissan Motor Co. (7201.T) said on Friday that Chief Executive Carlos Ghosn would give up the duty of overseeing the Americas as the automaker heads for its first annual profit decline in seven years.

Earnings News

AP - Bear Stearns Cos., Wall Street's largest underwriter of mortgage securities, on Thursday reported first-quarter profit rose 8 percent despite turmoil in the subprime lending sector.

AP - Bear Stearns Cos., Wall Street's largest underwriter of mortgage securities, on Thursday reported first-quarter profit rose 8 percent despite turmoil in the subprime lending sector.

Reuters - Bear Stearns Cos. Inc. , the No. 1 U.S. underwriter of mortgage-backed securities, posted an 8 percent rise in quarterly earnings on Thursday and calmed a jittery U.S. stock market when it said problems with risky subprime mortgages were largely contained.

AP - Winnebago Industries Inc., one of the nation's leading recreational vehicle manufacturers, said Thursday that fiscal second-quarter profit edged down 3 percent on lower revenue. But the results beat analysts' expectations and the company's shares soared nearly 8 percent. More Info...  

AP - Bayer AG said Thursday its fourth-quarter earnings surged, buoyed by strong growth in its health care business, and the drug and chemical maker forecast that annual group sales would rise at least 5 percent as it benefits from the acquisition of rival Schering AG. More Info...  

AFP - Australian takeover target Qantas Airways said Thursday it expects year to June net profit growth to be at the upper end of its anticipated 30-40 percent rise, as previously stated.

AP - Lehman Brothers Holdings Inc., the No. 4 U.S. investment house, said Wednesday robust trading and overseas expansion drove its first-quarter profit up 5.6 percent, matching Wall Street expectations.

Earnings News

AP - General Motors Corp. accomplished something in the fourth quarter of 2006 that domestic automakers have been unable to do for some time: it reported a profit. Now comes the hard part — repeating that success. The company's chief financial officer stopped short of promising it this year, but he did pledge continued improvement over last year's numbers.

AP - General Motors Corp. accomplished something in the fourth quarter of 2006 that domestic automakers have been unable to do for some time: it reported a profit. Now comes the hard part — repeating that success. The company's chief financial officer stopped short of promising it this year, but he did pledge continued improvement over last year's numbers.

AP - Lehman Brothers Holdings Inc., the No. 4 U.S. investment house, said Wednesday robust trading and overseas expansion drove its first-quarter profit up 5.6 percent, matching Wall Street expectations.

Reuters - Lehman Brothers Holdings Inc. said on Wednesday first quarter earnings rose 6 percent, beating analyst expectations as equities trading revenues helped offset weakness in its subprime mortgage business.

AFP - General Motors announced Wednesday it earned 950 million dollars in the fourth quarter, posting its first quarterly profit in two years, as a major cost-cutting effort finally bore fruit.

Reuters - (Corrects Reuters Estimate figure in 4th paragraph to $1.20

Reuters - JCDecaux , the world's second-largest outdoor advertising company, beat expectations with a 4.1 percent rise in 2006 net profit on Wednesday helped by strong demand in its transport division. More Info...  

Earnings News Investor's Business Daily - Wall Street has come to expect fat financial returns at investment banks, and Goldman Sachs didn't disappoint 20uesday when it blew past first-quarter earnings views. More Info...  

Investor's Business Daily - Wall Street has come to expect fat financial returns at investment banks, and Goldman Sachs didn't disappoint 20uesday when it blew past first-quarter earnings views. More Info...  

Reuters - General Motors Corp. will inject $1 billion into GMAC, its former finance arm said on Tuesday, a capital infusion needed to complete the sale of the automaker's majority stake in the face of escalating defaults in the U.S. mortgage market. More Info...