Posted by Sean Cruz | Posted on 24-01-2012
SUNNYVALE, Calif. — Yahoo Inc. on Tuesday reported a fiscal fourth-quarter profit of $296 million, or 24 cents a share, compared with earnings of $312 million, or 24 cents a share, in the same period a year ago.
Net revenue, excluding costs associated with acquiring traffic, came in at $1.17 billion, down from $1.2 billion in last-year’s fourth quarter.
Analysts surveyed by FactSet Research had forecast Yahoo to earn 24 cents a share on $1.2 billion in sales.
For its current fiscal quarter, Yahoo forecast revenue in a range of $1.025 billion to $1.1 billion, not including traffic acquisition costs. Analysts had earlier forecast Yahoo to earn 20 cents a share on $1.08 billion in sales.
To read more, go to MarketWatch.com.
Posted by Shannon Myers | Posted on 17-10-2011
NEW YORK – Stocks rallied Friday, after McDonald’s and other large corporations reported solid third-quarter earnings.
The S&P 500 index closed higher Friday for the third straight week as hope builds that a weekend meeting will bring European leaders closer to easing the region’s growing debt troubles.
The government also said unemployment rates fell in half of U.S. states last month, a sign that September’s pickup in hiring was felt around the country.
The Labor Department said unemployment rates dropped in 25 states, rose in 14 and stayed the same in 11. That’s a modest improvement from August, when unemployment rose in 26 states.
Nationwide, employers added 103,000 net jobs in September, nearly double the number created in August.
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Posted by admin | Posted on 09-10-2009
NEW YORK (Reuters) – U.S. stocks climbed on Friday, with the Dow hitting a closing high for 2009, as investors anticipated positive news from next week’s key earnings reports and bullish broker comments boosted tech shares.
U.S. stocks achieved their best weekly gains since July and snapped a two-week losing streak. The five-day rally pushed the Dow Jones industrial average up 4 percent for the week, while the Standard & Poor’s 500 advanced 4.5 percent and the Nasdaq gained 4.5 percent.
In Friday’s session, International Business Machines Corp (IBM.N) rose 3 percent to $125.93 and led the Dow higher after Barclays Capital raised its price target to $140 from $119, and upgraded the information technology hardware sector to “positive” from “neutral.”
Separately, Deutsche Bank predicted late Thursday that semiconductor companies would report upside surprises in their earnings for the past three months.
The Philadelphia Semiconductor index .SOXX climbed 3.3 percent, while another Dow component Intel (INTC.O) rose 1.5 percent to $20.17.
Both IBM and Intel are scheduled to report quarterly results next week.
“The mood is …
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