Company Earnings

Earnings News

AP - MasterCard's profit more than doubled in the first quarter as more customers outside the United States used their credit and debit cards for purchases.

Reuters - Major U.S. auto retail groups on Tuesday posted quarterly results that underscore their mixed success in offsetting pressure from slumping new vehicle sales through sales of used cars, financing and service operations.

AP - European chip maker STMicroelectronics NV, hit by costs from a spinoff and an acquisition, reported a loss for the first quarter and fell short of Wall Street expectations, but its shares rose Tuesday on its optimistic outlook. More Info...  

Earnings News

AP - BP PLC and Royal Dutch Shell PLC, Europe's two biggest oil producers, posted forecast-busting first-quarter earnings on Tuesday thanks to record crude oil prices that are expected to bolster profits across the industry.

AP - BP PLC and Royal Dutch Shell PLC, Europe's two biggest oil producers, posted forecast-busting first-quarter earnings on Tuesday thanks to record crude oil prices that are expected to bolster profits across the industry.

AP - Archer Daniels Midland Co. credited volatile prices for the corn, soybeans and wheat it processes for a 42 percent increase in third-quarter profits. More Info...  

AP - MasterCard's profit more than doubled in the first quarter as more customers outside the United States used their credit and debit cards for purchases.

AP - Deutsche Bank AG said Tuesday that it wrote down $4.2 billion during the first quarter, pushing Germany's biggest bank to its first quarterly loss since 2003 amid trading losses, lower revenue and global market jitters. More Info...  

AP - CBS Corp. reported a 14 percent increase in first-quarter earnings Tuesday as higher syndication sales from "CSI" made up for not having the Super Bowl broadcast this year. Its shares rose nearly 4 percent.

Reuters - McGraw-Hill Cos Inc said on Tuesday quarterly earnings fell 44 percent as business dropped at its Standard & Poor's ratings agency, which critics accuse of helping to inflate the credit bubble. More Info...  

Reuters - Finance company GMAC said on Tuesday its first-quarter loss nearly doubled as more customers fell behind on mortgage payments, and warned that it might not be profitable until well into 2009, later than expected.

Reuters - Countrywide Financial Corp , the largest U.S. mortgage lender, posted a surprisingly large $893.1 million first-quarter loss on Tuesday, taking more than $3 billion of charges for write-downs and bad loans as the housing slump deepens.

AP - Corning Inc. said Tuesday its first-quarter profit tripled to more than $1 billion, exceeding Wall Street's expectations on soaring demand for glass used in flat-screen televisions and laptop computers. Its stock rose almost 3 percent. More Info...  

AP - GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened — though results improved slightly in its struggling mortgage operations. More Info...  

AP - Countrywide Financial Corp., the nation's largest mortgage lender and servicer, said Tuesday it lost $893 million during the first quarter due to a sharp increase in its provision to gird against unpaid home mortgage loans amid a deepening housing downturn.

Reuters - Office Depot Inc posted a sharply lower quarterly profit on Tuesday as sales to small business owners fell but the results beat Wall Street's expectations and its shares rose as much as 13 percent.

AP - United States Steel Corp.'s first-quarter earnings slipped 14 percent as higher sales failed to offset pretax charges and declines in its European and tubular businesses, the company said Tuesday. More Info...  

Reuters - MasterCard Inc , a credit- and debit-card network, said first-quarter earnings more than doubled, beating expectations, helped by the weak dollar and increased customer spending on a growing number of outstanding cards, pushing its shares up more than 9 percent.

AP - Office Depot Inc., the nation's second biggest office-supply chain, said Tuesday its first-quarter profit dropped 55 percent due to North American sales declines, but results still managed to top Wall Street's expectations. Its shares rose 7 percent on premarket trading. More Info...  

AP - Oil refiner Valero Energy says its first-quarter profit tumbled 77 percent, as higher oil prices cut into its margins. More Info...