Company Earnings - Page 34

Reuters - Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell 9 percent, pulled down by weaker natural gas prices that have pared record earnings across the industry.

Reuters - NYSE Group Inc. posted a fourth-quarter profit on Friday, reversing a year-earlier loss, but results were not as strong as some investors had hoped, and its shares fell.

Reuters - Gannett Co. Inc. posted a better-than-expected 3 percent rise in quarterly profit on Friday, boosted by higher advertising demand at its newspapers and a rise in political ad sales at its TV stations. More Info...  

AP - The New York Stock Exchange, the world's largest financial marketplace, on Friday said fourth-quarter results rose strongly as the Big Board benefited from its aggressive push into electronic stock trading. More Info...  

AP - Nissan is having a "performance crisis."

AP - Shares of Electronic Arts Inc. rose more than 6 percent Friday, after adjusted fourth-quarter earnings exceeded Wall Street's expectations. But financial analysts wondered whether the world's biggest video game publisher was becoming overvalued.

AP - Volvo AB posted a 24 percent increase in fourth-quarter profit Friday as sales growth stalled for the world's second biggest truckmaker, missing analysts forecasts. More Info...  

Reuters - American Axle & Manufacturing Holdings Inc. posted a quarterly net loss on Friday as it took charges for worker buyouts and idling U.S. manufacturing capacity for parts for mid-size light trucks. More Info...  

BusinessWeek Online - Under Armour announced on Feb. 1 that fourth quarter earnings rose an explosive 69% year over year -- but disappointed Wall Street fans sold the stock. That's certainly a change -- few months ago investors were cheering on the sportswear maker like their favorite underdog football team. Morgan Stanley analyst Brian McGough even warned in a research note Nov. 28 that the market was pricing in that Under Armour overtakes Adidas, Reebok, and Puma as the No. 2 U.S. brand behind Nike . More Info...  

Reuters - Truck maker Volvo (VOLVb.ST) posted quarterly pretax earnings that were lower than analysts had expected on Friday, but an extraordinary dividend and surprisingly strong orders in Europe lifted its shares.

Reuters - Video game publisher THQ Inc. posted better-than-expected quarterly profit on Friday due to strong sales of titles like "WWE SmackDown vs. Raw 2007," "Cars," and "SpongeBob SquarePants." More Info...  

Earnings News

Reuters - Amazon.com Inc. posted on Thursday a quarterly profit that fell 51 percent but still beat analysts' expectations, helped by healthy holiday sales of electronics.

Reuters - Amazon.com Inc. posted on Thursday a quarterly profit that fell 51 percent but still beat analysts' expectations, helped by healthy holiday sales of electronics.

AP - Oil giant Exxon Mobil topped its own record for the biggest annual profit by a U.S. company last year, racking up earnings that amounted to $4.5 million an hour for the world's largest publicly traded oil company.

AP - Amazon.com Inc. said Thursday its fourth-quarter earnings fell 51 percent from a year ago in the all-important holiday season, hurt by higher tax-related charges.

AP - Electronic Arts Inc., benefiting from brisk holiday sales of video games used on Sony Corp.'s new Playstation 3, exceeded Wall Street's earnings expectations Thursday despite fiscal third-quarter sales that dropped 38 percent.

AP - Comcast Corp., the nation's largest cable television operator, said Thursday that fourth-quarter profits nearly tripled as customers signed up for its discounted video, Internet and phone package, but the results fell short of expectations.

AP - Google Inc. has grown into a financial juggernaut so quickly its extraordinary growth is starting to look routine — a phenomenon making it more difficult for the online search leader to impress investors.

AP - Starwood Hotels & Resorts Worldwide Inc. said Thursday its fourth-quarter profit rose 28 percent on increased revenue per available room and higher operating margins. The hotel operator issued an upbeat full-year forecast and its shares rose more than 2 percent. More Info...  

Reuters - Exxon Mobil Corp. posted lower fourth-quarter earnings on Thursday on weaker natural gas prices and shrinking gasoline profits, but earnings for the full year 2006 were an eye-popping $39.5 billion, the highest in U.S. history.