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Earnings Growth

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BUSINESS
April 30, 2000
Your new acronym in " 'PEG' Casts Tech Stocks in New Light," Savvy Confidential, April 11] is a reflection of how hard it is to evaluate these new high-tech companies. PEG is the ratio of a company's price-to-earnings ratio to its expected growth rate. For three to five years! 1. Do you really think that you (or anyone else) can predict any company's earnings more than 12 months into the future? Why not reproduce the list of 12 companies (JDS Uniphase, Ciena, etc.) with your best guesser's 12-month earnings estimate and again print the actual 12-month earnings in a year's time (along with the estimate, of course)
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BUSINESS
January 18, 2014 | By Andrew Tangel
The stock market shined last year with an epic rally. Now it's time for corporate America - and the economy - to catch up. Stocks ballooned 30% last year, as measured by the Standard & Poor's 500 index. But the average company in the broad index only increased annual earnings - the key driver of stock values - an estimated 5.2% as the economy grew sluggishly. For stocks to maintain their gains, market observers say, American companies will need to eke out solid, if not better, earnings growth this year.
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BUSINESS
October 12, 2002 | From Reuters
General Electric Co. on Friday said third-quarter earnings rose 25% as NBC television and the sale of its Internet commerce unit helped offset sluggish plastics demand and weakness in its key aerospace and power markets. GE executives said they expect solid growth next year but plan aggressive cost cutting throughout the company. They said GE power systems, whose business has slowed after a long boom cycle, faces "dramatic restructuring."
BUSINESS
March 3, 2013 | By Tom Petruno
Stocks' rally since 2008 has been underpinned by a resurgence of corporate earnings. But now what? Year-over-year earnings growth slowed sharply in the second half of 2012 from the torrid pace of 2010 and 2011, when the global economy was in the first phase of its rebound from the 2008 crash. Most of the companies in the Standard & Poor's 500 index have reported their fourth-quarter 2012 results. Overall, operating earnings for the S&P 500 firms are on pace to rise 6% from the final quarter of 2011, according to data tracker Thomson Reuters I/B/E/S.
BUSINESS
April 18, 1997 | Bloomberg News
Atlantic Richfield Co. said it expects to increase its global oil and gas output each of the next five years, beat a previous annual earnings goal of $2 billion and boost its stock price, all by 2000. Los Angeles-based Arco sees average annual growth of more than 4% in oil and gas production, with the increase coming from already identified projects worldwide, said Mike Bowlin, chairman and chief executive. Total international reserves will more than double by 2000, he said.
BUSINESS
December 13, 2006 | From the Associated Press
General Electric Co. reaffirmed Tuesday that it expected earnings to increase 15% to 16% in 2006, and said it expected double-digit earnings growth for 2007. The Fairfield, Conn.-based industrial, financial services and media conglomerate said it expected this year's fourth-quarter earnings to increase 13% to 16%, or 62 to 64 cents a share. It said earnings for all of 2006 would be $1.97 to $1.99 a share. Previously, GE had predicted earnings of $1.94 to $2.02 this year.
BUSINESS
July 19, 1994
Superior Industries International Inc., a Van Nuys-based supplier of cast aluminum wheels for auto makers, reported net income of $15.4 million for the second quarter ended June 30, a 16% increase from earnings of $13.3 million for the same three-month period a year ago. Revenue for the recent quarter was $121 million, up 13% from the second quarter of 1993, when the company reported net sales of $107 million. Louis L.
BUSINESS
December 10, 1997 | TOM PETRUNO
U.S. corporate profits have been rising at a brisk pace for six years, and all along some wrong-headed Wall Street analysts have continually, and prematurely, argued that the boom couldn't last. Will the seventh year finally bring the long-feared earnings famine--and with it the best excuse yet for an end to the 1990s stock bull market? That thought sent shudders through the market on Tuesday, as software leader Oracle Corp.
BUSINESS
February 27, 2006 | Tom Petruno, Times Staff Writer
U.S. blue-chip companies extended their streak of double-digit earnings growth through the fourth quarter. But that may be as good as it gets for a while. Average profit growth of firms in the Standard & Poor's 500 index is expected to decelerate this quarter to the slowest pace in nearly three years, based on Wall Street analyst estimates compiled by data tracker Thomson Financial.
BUSINESS
November 2, 1999 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Big third-quarter corporate earnings gains have been a feast for investors starved for other good news recently, but analysts are warning that profit growth will provide Wall Street with lighter fare in the future. With 84% of blue-chip firms having reported results, operating profits for the Standard & Poor's 500 companies are on track for a 22% increase in the third quarter from a year earlier--the largest gain since the first quarter of 1995, according to earnings tracker First Call Corp.
BUSINESS
January 25, 2013 | By Andrew Tangel
So far this earnings season, 68% of the companies in the broad Standard & Poor's 500 index that have reported results for the fourth quarter of 2012 have beat Wall Street's expectations, according to Thomson Reuters. Typically, 62% of the companies beat expectations. (As of early Friday, 147 of S&P companies, fewer than one-third of the benchmark index's component firms, had reported.) That should be promising to investors. Indeed, strong earnings helped push the S&P 500 above 1,500 points Thursday, its first time above that threshold since 2007.
BUSINESS
January 17, 2013 | By Andrew Tangel
NEW YORK -- Investors sent Bank of America's stock 3.7% lower Thursday morning after the firm said legal costs dragged down earnings in the fourth quarter. BofA's stock fell 43 cents, or 3.7%, to $11.35 in midday trading on Wall Street. The bank, which has continued to struggle from mortgage woes and acquisitions it made during the financial crisis, said legal costs stemming from massive mortgage-related settlements pushed down fourth-quarter earnings by 63%. Net income was $732 million, or 3 cents a share, down from $2 billion, or 15 cents, in the fourth quarter in 2011.
BUSINESS
January 8, 2013 | By Andrew Tangel
Investors sent stocks lower ahead of the release of corporate earnings that Wall Street will digest in coming weeks. The Dow Jones industrial average lost 48 points, or 0.4%, to 13,336 shortly after the opening bell. The broader Standard & Poor's 500 index lost seven points, or 0.5%, to 1,455. The Nasdaq was down nine  points, or 0.3%, to 3,090. Earnings season unofficially begins with aluminum giant Alcoa Inc., which is to release earnings after the markets close Tuesday.
BUSINESS
October 8, 2012 | By Andrew Tangel
Stocks opened lower at the start of a week in which investors will learn how U.S. companies fared in the third quarter.  The Dow Jones industrial average was down 46 points, or 0.3%, to 13,564 shortly after the opening bell. The broader Standard & Poor's 500 index was down 7 points, 0.5%, to 1,454. The Nasdaq was down 19 points, or 0.6%, to 3,117. Third-quarter earnings season begins with aluminum giant Alcoa Inc., which announces Tuesday. JPMorgan Chase & Co. is up Friday.
BUSINESS
June 14, 2012 | Times Wire Services
Shares of Kroger Co. rose the most in more than three years after the operator of Ralphs and Food 4 Less boosted its annual profit forecast and announced a $1-billion share buyback. The Cincinnati company's shares advanced 6.1% to $22.58, the biggest gain since March 2009. The shares have dropped 6.8% this year. Profit for the fiscal year ending Jan. 31 will be as much as $2.40 a share, up from a prior forecast of as much as $2.38, the company said Thursday. That compared with the $2.32 average that analysts expected in a Bloomberg survey.
BUSINESS
November 24, 2011 | By Tom Petruno, Los Angeles Times
Despite the struggling global economy, investors for the last two years have gotten used to corporate America generating robust earnings gains. But the profit picture now is getting cloudier: Although third-quarter results again were stellar, Wall Street analysts have slashed estimates for the current quarter and the first period of next year. "Earnings growth is very quickly decelerating," said David Rosenberg, chief market strategist at money manager Gluskin Sheff & Associates in Toronto.
BUSINESS
January 21, 2005 | From Times Staff and Wire Services
Adjustable-mortgage specialist Golden West Financial Corp. said Thursday that its fourth-quarter profit rose 16%, with lending up sharply at the Oakland-based thrift. Citigroup Inc. and UnionBanCal Corp. also posted double-digit earnings growth. Golden West, parent of World Savings Bank, the largest savings and loan based in California, earned $338.5 million, or $1.09 a share, compared with $290.7 million, or 94 cents, during the last quarter of 2003. Full-year profit also rose 16%, to $1.
BUSINESS
September 22, 2011 | By Duke Helfand, Los Angeles Times
Healthcare expenses for U.S. employers are expected to increase next year at the lowest rate in more than a decade, but the cost of benefits for workers is likely to outpace the growth of their earnings, a national survey has found. Companies expect their bills for health benefits to rise 5.4% on average next year, the smallest increase since 1997, according to preliminary results from a survey of nearly 1,600 employers by benefits consulting firm Mercer. The smaller increase reflects cost-cutting efforts by employers.
BUSINESS
July 15, 2010
Google Inc.'s second-quarter earnings missed analysts' target as higher expenses and the fallout from the European debt crisis dragged down the Internet search leader. The letdown announced Thursday stemmed from Google's expanding payroll and a run-up in the U.S. dollar that has been driven by fears that the euro will crumble if governments in Greece, Spain, Portugal and Italy default on their perilously high debts. The worries hurt Google because about one-third of the company's revenue comes from Europe, and customer payments made with the euro translated into fewer dollars than a year ago. Even so, the currency squeeze wasn't as severe as some analysts anticipated.
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