October 13, 2011
Google Inc said its profit grew 26 percent in the third quarter, as the Internet search leader's revenue jumped 33 percent to $9.72 billion. Google said it earned $2.73 billion in net income in the third quarter. Earnings per share, excluding certain items, were $9.72 during the third quarter, it said.
January 20, 2012 |
General Electric Co.'s fourth-quarter profit topped estimates after the conglomerate's industrial order backlog rose to a record $200 billion. Profit from continuing operations of 39 cents a share, excluding some items, compared with the 38-cent average estimate from analysts surveyed by Bloomberg, GE said Thursday. Revenue dropped 8%, including the sale of GE's NBCUniversal stake, to $38 billion, lower than the average analyst estimate of $40 billion. Sales were trimmed by about $1 billion because the fourth quarter had six fewer operating days than the year-earlier period, GE said.
July 30, 2010 |
Standard Pacific Corp. posted second-quarter earnings of $10.7 million, or four cents a share, the Irvine homebuilder said Thursday. Homebuilding revenue jumped as the average price of homes sold increased, and the company reduced the number of its costly land sales in the quarter ended June 30, helping it rebound from a loss of $23.1 million, or 10 cents a share, in the same period last year. Standard Pacific also said it had increased the number of its approved land purchases, signaling optimism about the future.
January 18, 2013 |
Morgan Stanley 's big push into wealth management seems to be paying off. The New York investment bank, which has been cutting costs as it has struggled to boost earnings, returned to profitability in the fourth quarter. Morgan Stanley reported $507 million in profit, compared to a loss of $250 million the same period in 2011. Profits from its wealth management and institutional securities divisions surged. Morgan Stanley's profit beat Wall Street estimates, and its stock surged in pre-market trading on Wall Street.
August 20, 2012 |
Home improvement chain Lowe's Cos. reported that profit dropped 10% in the second quarter because of weak sales and competition from rivals. For the three months ended Aug. 3, the retailer reported net income of $747 million, or 64 cents a share, compared with $830 million, or flat earnings per share, in the same period a year ago. Sales sank 2%, to $14.2 billion from $14.5 billion. "Our results fell short of our overall expectations," said Lowe's Chief Executive Robert A. Niblock in a Monday statement.
February 12, 2010 |
Cost-cutting and robust holiday-season sales of "Transformers: Revenge of the Fallen" and "Star Trek" DVDs propelled Viacom Inc. to a fourfold increase in fourth-quarter profit. Viacom reported Thursday that it earned $694 million, or $1.14 a share, compared with $172 million, or 28 cents, a year earlier. The jump in earnings was, in large part, because of a $454-million restructuring charge taken in the period in 2008. Revenue, however, fell 3% to $4.1 billion for the quarter, reflecting continued weakness in the TV advertising market.