Earnings News

A trader works on the floor of the New York Stock Exchange, June 26, 2008. (Brendan McDermid/Reuters)

For stocks, escaping bear hinges on oil, GE

Reuters - Thu Jul 3, 7:36 PM ET

NEW YORK (Reuters) - It will be tough for Wall Street to shake off the bear market blues next week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints investors.

  • Correction: Earns-Research in Motion AP - Wed Jul 2, 3:13 PM ET

    TORONTO - In a June 25 story about quarterly earnings at Research In Motion Ltd., The Associated Press incorrectly reported that the BlackBerry Bold will be a touch-screen phone. Current plans do not call for the device to have a touch screen.

  • A Family Dollar store is seen in a handout photo. (Handout/Reuters)
    Family Dollar beats estimates, shares jump Reuters - Wed Jul 2, 9:11 AM ET

    NEW YORK (Reuters) - Family Dollar Stores Inc on Wednesday reported higher-than-expected quarterly profit as the discount retailer kept a tight control on expenses and inventory to navigate the tough environment, sending its shares up than 11 percent.

  • Bottles of Clos Du Bois, part of the Constellation Brands, is seen on a shelf at Empire Wine and Liquor Outlet in Colonie, N.Y., Tuesday, July 1, 2008. Constellation Brands Inc. said Tuesday its fiscal first-quarter profit jumped 50 percent, lifted by price increases as well as strong sales of new higher-margin wine brands such as Clos du Bois and Wild Horse. (AP Photo/Mike Groll)
    Wine company Constellation Brands' profit jumps AP - Tue Jul 1, 6:01 PM ET

    FAIRPORT, N.Y. - Constellation Brands Inc. said Tuesday its fiscal first-quarter profit jumped 50 percent, lifted by price increases as well as strong sales of its new higher-margin wine brands such as Clos du Bois and Wild Horse.

  • Investor's Corner: Look For Acceleration In Earnings Gains Investor's Business Daily - Mon Jun 30, 5:46 PM ET

    Every penny a company earns that survives the butcher's knife of materials costs, wages, taxes and capital spending deserves a place on the mantle.

  • H&R Block swings to 4Q profit AP - Mon Jun 30, 5:36 PM ET

    KANSAS CITY, Mo. - H&R Block Inc., the nation's largest tax preparer, said Monday it swung to a fourth-quarter profit, helped by a record-setting tax season and the sale of its troubled mortgage arm.

  • Tax specialist Danielle Deutsch (L) helps Jacqueline Zoellnes prepare her taxes at an H and R Block office in Chicago April 14, 2008. (John Gress/Reuters)
    H&R Block results beat estimates, stock soars Reuters - Mon Jun 30, 11:06 AM ET

    NEW YORK (Reuters) - Tax preparer H&R Block Inc said on Monday it swung to a quarterly profit from a loss, beating estimates and driving the stock 6.6 percent higher, as revenue rose 11 percent.

  • KB Home 2Q loss widens on sales slump, charges AP - Fri Jun 27, 5:23 PM ET

    LOS ANGELES - KB Home's latest quarterly results capped a week of discouraging trends for the homebuilding sector Friday.

  • Accenture Posts Higher Quarterly Profit, Ups Outlook TechWeb - Thu Jun 26, 7:41 PM ET

    InformationWeek - CEO Bill Green said the results showed that its increasingly global business of management consulting and outsourcing was helping it grow despite a challenging environment.

  • Palm swings to 4Q loss as revenue tumbles AP - Thu Jun 26, 5:54 PM ET

    SAN JOSE, Calif. - Treo and Centro smart phone maker Palm Inc. said Thursday it swung to a loss in its fiscal fourth quarter as its revenue declined sharply and fell below Wall Street expectations.

  • Rite Aid posts 1Q loss amid acquisition expenses AP - Thu Jun 26, 5:28 PM ET

    HARRISBURG, Pa. - Rite Aid Corp. swung to a big first-quarter loss as it spent heavily to absorb more than 1,850 newly acquired stores and offered promotions on food and toiletries that hurt profits.

  • RIM shares falter on lower-than-expected outlook AP - Thu Jun 26, 5:13 PM ET

    TORONTO - Smart phone maker Research In Motion Ltd.'s fiscal first-quarter profit and revenue more than doubled, fueled by strong sales of its BlackBerry devices, but the company's forecast for the current period sent its shares down more than 11 percent Thursday.

  • In the this Nov. 14, 2007, file photo, Oracle Corp. CEO Larry Ellison speaks during the Oracle Open World conference in San Francisco. The business software maker said Wednesday, June 25, 2008, that it earned $2.04 billion, or 39 cents per share, in the three months ending in May, up 27 percent from $1.6 billion or 31 cents per share at the same time last year. (AP Photo/Paul Sakuma, File)
    Oracle throws wet blanket on strong 4Q results AP - Thu Jun 26, 5:11 PM ET

    SAN FRANCISCO - Oracle Corp. finished its fiscal year with an impressive flourish, then pulled out a wet blanket.

  • Discover's profit rises on higher card use AP - Thu Jun 26, 5:06 PM ET

    NEW YORK - Discover posted a healthier quarterly profit Thursday than Wall Street expected — no thanks to the lending business, however.

  • In this June 26, 2007 file photo, the Lennar Corporate Center is shown in Miami. Homebuilder Lennar Corp., said Thursday, June 26, 2008, its fiscal second-quarter loss narrowed, but the company continued to struggle through the housing market doldrums, posting a 61 percent drop in revenue and taking hefty charges to write down land values and deposits. (AP Photo/Wilfredo Lee, file)
    Lennar 2Q loss narrows; sees worsening conditions AP - Thu Jun 26, 4:48 PM ET

    Homebuilder Lennar Corp. said Thursday it managed to narrow its second-quarter loss, but CEO Stuart Miller gave a dour outlook for the industry, saying the housing market has yet to hit bottom and ruling out the prospects of a recovery this year.

  • In this March 26, 2008 file photo, ConAgra Foods retail products are pictured at a supermarket in Danvers, Mass. ConAgra Foods Inc. says its fourth-quarter earnings grew 5 percent, Thursday, June 26, 2008, helped by contributions from the commodity trading unit that the company just sold. (AP Photo/Lisa Poole, file)
    ConAgra profit up 5 pct on trading unit results AP - Thu Jun 26, 4:15 PM ET

    OMAHA, Neb. - ConAgra Foods Inc. said Thursday its fourth-quarter earnings grew almost 5 percent, helped by contributions from the commodity trading unit that the company just sold.

  • A general view of the ConAgra plant in Kansas City, July 2, 2004. (Dave Kaup/Reuters)
    ConAgra profit rises, but forecast lags estimates Reuters - Thu Jun 26, 8:27 AM ET

    CHICAGO (Reuters) - ConAgra Foods Inc on Thursday posted higher quarterly profit, helped by results from the commodities trading and merchandising unit that it sold earlier this week.