Company Earnings - Page 31

Reuters - Britain's BT Group Plc posted third-quarter core earnings in line with forecasts on Thursday and issued a strong outlook amid a better-than-expected broadband performance, helping its shares touch five-year highs.

AP - Mazda, one of the few bright spots lately in the Ford family of automakers, reported a 46 percent jump in profit for the latest quarter on Thursday as Japan's fifth-largest automaker heads toward a record profit for the sixth straight year.

FT.com - European equity markets were flat on Thursday as investors mulled a flood of earnings reports, while profits were taken after the previous session's fresh run up to six-year highs. More Info...  

Reuters - Mazda Motor Corp. posted a 7.5 percent rise in quarterly profit on Thursday, powered by the yen's slide and increased exports to North America and Europe, and tweaked its annual forecasts to account for a softer yen and slower growth in vehicle sales.

Earnings News

Reuters - China's biggest Internet portal Sina Corp. posted a lower quarterly profit on Wednesday due to charges, but revenue beat expectations as online advertising sales grew, and the stock rose 2 percent.

AP - The Walt Disney Co. blew past Wall Street expectations Wednesday, reporting strong first-quarter earnings on gains from the sale of its shares in US Weekly magazine and the E! Entertainment channel.

Reuters - Walt Disney Co. said on Wednesday that first-quarter net earnings more than doubled, driven by DVD sales of the movies "Pirates of the Caribbean: Dead Man's Chest," "Cars" and the sale of a stake in E! Entertainment Television.

FT.com - Encouraging corporate earnings news and continued bid and merger activity helped world equity markets push to new highs on Wednesday. More Info...  

AFP - The Walt Disney Co. said its most recent quarterly profit doubled thanks to asset sales, strong results from television operations and growing sales of film DVDs.

Reuters - Electronic Data Systems Corp. reported a higher quarterly profit on Wednesday, boosted by a surge in new orders for its technology services.

Reuters - Whirlpool Corp. reported a 13 percent drop in quarterly earnings on Wednesday, hurt by soft U.S. demand for appliances amid a weak housing market, and it cut its profit forecast for the year, sending its shares down 3 percent.

AP - DirecTV Group Inc., the nation's largest satellite TV operator, said Wednesday its fourth-quarter earnings more than doubled as its subscriber base grew and it changed from selling set-top boxes to leasing them. More Info...  

FT.com - Encouraging corporate earnings news and continued bid and merger activity helped world equity markets push to new highs on Wednesday. More Info...  

AFP - French carmaker PSA Peugeot Citroen reported a giant fall in net profit for 2006 but said that a recovery plan would bring in better sales this year particularly in China and Latin America.

Reuters - News Corp. said on Wednesday that quarterly revenue rose 18 percent, helped by "Borat" movie ticket sales and "X-Men" DVDs, and it issued a very optimistic profit outlook for its Internet division next year.

AP - News Corp., the media conglomerate controlled by Rupert Murdoch, reported lower net income for its second fiscal quarter on Wednesday compared with year-ago results that included a gain on an asset sale. Its box office earnings rose on several hits including the "Borat" movie. More Info...  

AP - Managed care insurer Cigna Corp. said Wednesday its fourth-quarter profit rose more than 10 percent as medical spending fell. More Info...  

Reuters - Merger advisory firm Lazard Ltd. reported a 50 percent increase in fourth-quarter earnings on Wednesday, beating expectations with its best merger and acquisition results in six years.

Reuters - Duke Energy Corp. , one of the largest U.S. power companies, on Tuesday posted lower quarterly profit as a decline in real estate earnings offset benefits from the company's purchase of peer Cinergy Corp. More Info...  

Reuters - Sara Lee Corp. posted a quarterly loss on Wednesday, hurt by charges to account for the lower value of some assets.