Talk Stock Trading - Financial Market News Earnings

June 30th, 2008

Record tax season lifts H&R Block’s profits, outlook

H&R Block had its best tax season ever!
The company prepared taxes for over 23.5 million clients, bringing in $3 billion of revenue. The influx of business allowed H&R Block to post a profit of $543 million for their fiscal fourth quarter. This is a huge reversal from last year’s loss of $85 million for the same period.
H&R Block […]

By profsilver -- 1 comment

June 18th, 2008

Another IB fails to meet expectations

Morgan Stanley is the latest investment bank to post poor earnings.
Revenues were down 38 percent, profits were down 57 percent, and the bright side (if there is one) is that Morgan Stanley was able to turn a profit. For the fourth quarter of last year, the company posted its first loss ever: a whopping $3.6 billion, the result of a $9.4 billion […]

By profsilver -- 1 comment

April 18th, 2008

Markets React Favorably to Earnings Reports

Investors ended the week upbeat after learning that earnings are meeting or beating expectations on the Street.
Citigroup reported huge losses as expected - but the losses totaled $5.1 billion only half of the $10 billion reported the preceding quarter.
Google also helped swing moods by reporting earnings and revenue in excess of predictions.
What did […]

By kellyphill -- 0 comments