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December 11, 2003 | From Bloomberg News
Walt Disney Co. expects profit from continuing operations to rise at least 30% in the current fiscal year and the ABC television network to return to profitability in fiscal 2005, Chief Financial Officer Thomas Staggs said Wednesday. Analysts on average expect the Burbank-based company to report fiscal 2004 profit of 87 cents a share, according to Thomson First Call. That's up 34% from the 65 cents a share that Disney earned in the fiscal year ended in September.
July 30, 1992 | Times Wire Services
Up to half a million people who have fled Yugoslavia's bloody breakup may be stranded this winter without food and shelter, a U.N. official warned Wednesday at an international meeting on the refugee crisis in the Balkans. But European countries wrangled over who should care for the hundreds of thousands who threaten to flood their shores. Sadako Ogata, the U.N.
October 11, 2001 | From Reuters
Wall Street analysts now expect corporate earnings to drop in the first quarter of 2002, which would extend the current slump in corporate profits to five quarters--the worst such stretch in 30 years. Analysts were projecting a drop of 0.2% in profits for members of Standard & Poor's 500 index for the first quarter as of Wednesday, according to market research firm Thomson Financial/First Call. Previously, analysts were still forecasting that profits would rise by 0.2%.
The Federal Emergency Management Agency has asked scientists to estimate future seismic shaking in Los Angeles, Orange and Ventura counties to help the government decide where to spend money devoted to earthquake mitigation. Richard Buck, a FEMA official, said Thursday the estimates will be used to decide how much money should go toward strengthening public buildings that were damaged in the Jan. 17 Northridge earthquake.
August 30, 2008 | From Times Wire Services
Nintendo Co. raised its fiscal-year profit forecast by 26% from an earlier figure, citing healthy sales of its Wii home console and DS hand-held game machines. The Japanese company also credited a recovering dollar for its new earnings projection of 410 billion yen ($3.8 billion) for the year ending March 2009.
March 11, 2003 | From Times Wire Reports
The government will begin issuing five-day hurricane forecasts during the upcoming season, replacing the three-day advisories used since 1964, the National Weather Service said.
February 25, 2003 | From Reuters
Private-sector economists have cut their U.S. growth forecasts for this quarter and trimmed them for all of 2003, a Federal Reserve Bank of Philadelphia survey said. Economists pared their estimates for first-quarter growth to 2.2% annualized from 2.6% in the previous survey last quarter. They expect annualized real gross domestic product to rise a modest 2.5% for 2003, down from the previous estimate of 2.6%.
December 5, 2003 | From Reuters
Qualcomm Inc. raised quarterly profit and sales forecasts, citing heightened demand for its microchips that run popular new cellphones with color screens and digital cameras. Shares of the San Diego firm rose $4.63 to $49.10 on Nasdaq. Qualcomm said it expected a fiscal first-quarter profit of 36 to 37 cents a share, up from its target of 25 to 28 cents a month ago. Excluding investment losses, it sees earnings of 47 to 48 cents a share. The average Wall Street estimate was 38 cents.
September 17, 2003 | From Bloomberg News
Qualcomm Inc. said it expected sales and profit this fiscal quarter to reach the high end of its forecasts. The San Diego company, whose digital wireless communications systems are used by 145 million people, said chip shipments would total about 20 million in the three months ending Sept. 28, the midpoint of a July forecast. It said sales of higher-priced phone microchips would bring it to the top of its projections. Shares of Qualcomm rose $1.44 to $44.89 on Nasdaq. From Bloomberg News
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