July 18, 2013 |
NEW YORK -- Morgan Stanley's profit jumped 42% in the second quarter, boosted by trading, wealth management and investment banking. The major Wall Street bank reported $802 million, or 41 cents a share, in second-quarter net income, up from $564 million, or 29 cents, in the same period a year ago. The results included a $152-million charge stemming from the bank's acquisition of the remaining stake in the Morgan Stanley Smith Barney joint venture...
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.
October 5, 2011 |
Costco Wholesale Corp., the largest U.S. warehouse-club chain, increased membership fees 10 percent after rising costs hurt profit margins in the fourth quarter. Costco will boost annual membership fees to $55 from $50 effective Nov. 1 for U.S. Goldstar or individual members, as well as business and Canada Business members, the retailer said today in a statement. U.S. and Canada executive fees will rise to $110 from $100. The increases will affect about 22 million members, half of them in the executive program, Costco 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.
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.