Tiffany & Co. surprised the markets today with news of a sparkling second quarter. The jeweler boasted an 11 rise in sales and the near doubling of profits.
Tiffany acknowledged that domestic sales are sluggish but expects a rebound in the fourth quarter. International sales remained strong in Europe and parts of Asia.
Although analysts concur Tiffany’s pricey […]
Burger King had a whopper of a quarter!
The fast food giant posted a 42 percent increase in profits for the fourth quarter, which ended on June 30. Same store sales were up 5.3 percent worldwide, right behind McDonald’s which posted a same store sales increase of 6.1 percent.
BK has made some major adjustments in the […]
Hewlett-Packard announced a 14 percent increase in profits for the recently completed third quarter.
Some strong stats behind the earnings increase include: overall sales increased by 10 percent, printer supplies sales increased by 11 percent and laptop sales rose 26 percent.
While HP remains the world’s top seller of personal computers, it is encountering heated competition from Dell and Apple.
Shares […]
Dish Network reported a 50 percent increase in net income versus the second quarter last year.
A combination of higher revenues and lower costs led to the bottom line boost which pushed profits well above analyst expectations. But alas, Wall Street is not pleased!
DISH lost a net of 25,000 subscribers as competition from phone and cable […]
General Motors reported a devastating $15.5 billion loss for the second quarter, making April to June the third worst quarter in GM’s history.
The loss included several large one-time charges, but even with the exclusion of such items GM fell short of analyst expectations for revenues and profits.
Some of the larger blows to GM’s bottom line include […]
Exxon Mobil has posted the largest quarterly profit ever for a corporation in the United States: $11.68 billion. The company held the previous record and this is beginning to sound like a broken record!
Exxon Mobil’s record earnings should come as no surprise, as they were mainly driven by record crude oil prices.
The second quarter results revealed that revenues […]
Garmin Ltd, the largest domestic producer of navigation devices, cut its profit and sales forecasts for this year, blaming slower than expected growth and cost-conscious consumers for its modified outlook.
Although the company reported a 23 percent increase in revenues and higher second quarter profits versus the same quarter last year, Garmin’s financials fell short of expectations.
Garmin’s announcement also […]
Verizon posted better than expected earnings for the recently completed second quarter, proving that it can hold its own in tough economic times.
Revenue increased by just under 4 percent versus last year as the company saw growth in its wireless and FiOS high-speed Internet businesses. Its profit margin in the wireless business exceeded analyst expectations, coming […]
Shares of Crocs dropped by more than 40 percent overnight after the company announced a downward revision to its earnings guidance for the second quarter.
The company expected earnings for the second quarter to come in between 42 and 47 cents per share and revised that estimate last night to between 3 and 7 cents. Actual results will be available in about two […]
This week has been a roller coaster for Wachovia.
Tuesday morning: Wachovia announces an $8.9 billion loss accompanied by a massive dividend reduction.
Tuesday afternoon: Shares soared 27 percent on news that the company would not issue new stock to raise capital.
Thursday afternoon: New CEO Robert Steel’s purchase of 1 million shares is made public (Steel purchased the Wachovia shares […]
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Written by Tisa Silver [email] for b5media.
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