October 11, 2001 |
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%.
CALIFORNIA | LOCAL
March 4, 1994 |
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 |
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.
January 9, 2007 |
Skechers U.S.A. Inc., a maker of sports and casual shoes, raised its fourth-quarter profit forecast as much as 27% on Monday because of increased sales growth. Shares closed at their highest price in more than five years. Earnings will reach 28 cents to 31 cents a share, up from a previous forecast of 22 cents to 27 cents, the Manhattan Beach company said. Sales will be as much as $300 million, compared with a previous forecast of $265 million.
June 8, 2010 |
After an almost two-year financial nose dive, the global airline industry appears ready to soar again. Three months after forecasting $2.8 billion in worldwide losses, a trade group for the world's airlines now predicts $2.5 billion in profits for 2010, with air travel demand and cargo traffic expected to grow faster than previously predicted. A report released Monday by the Montreal-based International Air Transport Assn. said passenger traffic worldwide is expected to grow 7.1% in 2010 over the previous year while cargo traffic will expand 18.5%.
March 11, 2003 |
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 |
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 |
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 |
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