Western Digital Sets Fourth Quarter Earnings, Sales Targets
SAN FRANCISCO — Western Digital Corp. on Thursday said that for its fiscal fourth quarter it expects to earn between 77 cents and 83 cents a share. The computer hard-disk drive maker also forecast revenue in a range of USD 1.825 000 000 000 to USD 1.9 000 000 000 for the quarter. Analysts surveyed […]
Cooper Cos. First-quarter Net Income Rises
SAN FRANCISCO - Cooper Cos. late Thursday reported first-quarter net income of USD 6.9 000 000, or 15 cents a share, up from USD 5.3 000 000, or 12 cents a share, in the year-ago period. Excluding acquisition and restructuring expenses, earnings were 45 cents a share, compared with 47 cents in the same quarter […]
First Horizon’s First-quarter Profit Falls
NEW YORK — First Horizon National Corp. said Thursday that its first-quarter profit fell to USD 7.92 000 000, or 6 cents a share, from USD 70.5 000 000, or 55 cents a share, in the year-earlier period. The Memphis banking and financial-services company said its first-quarter mortgage banking pre-tax income was USD 51.
Lawson Software Breaks Even In Third Quarter
SAN FRANCISCO — Lawson Software Inc. late Thursday reported it recovered to a net income of USD 727,000, or breaking even on a per-share basis, in the third quarter from a loss of USD 9.8 000 000, or 5 cents a share, a year earlier. A non-operating impairment charge of USD 8.1 000 000 to […]
Healthways Second-quarter Net Income Rises To 33 Cents
SAN FRANCISCO — Healthways Inc. late Tuesday reported its second-quarter net income rose to USD 12.5 000 000, or 33 cents a share, from USD 11 000 000, or 30 cents a share, in the same period a year ago. Revenue totaled USD 179 000 000, up from USD 160.3 000 000 reported year earlier, […]
PNC Ups Quarterly Dividend 5% To 66 Cents Per Share
NEW YORK — The PNC Financial Services Group, Inc. said Friday its board has approved a quarterly cash dividend on its common stock of 66 cents a share, an increase of 3 cents per share or 5% from the prior dividend. The new dividend is payable April 24 to shareholders of record at the close […]
Corn Products 1st-quarter Net Up 29%; Year Outlook Higher
TEL AVIV — Corn Products International Inc., the Westchester, Ill., corn refiner, reported first-quarter earnings rose a stronger-than-expected 29% and lifted its profit estimate for the year. Earnings reached USD 64 000 000, or 85 cents a share, from USD 50 000 000, or 66 cents, in the year-earlier period.
Oppenheimer Analyst: Citi May Have to Slash Dividend
NEW YORK — An Oppenheimer & Co. analyst said Monday Citigroup Inc. may have to slash or even eliminate its dividend as the bank struggles with massive losses on certain kinds of investments.
Oppenheimer analyst Meredith Whitney said Citigroup (C) faces “seriously constrained earnings” because of the turmoil in capital markets and the pinched consumer.
Polaris Reports Higher First-quarter Profit, Raises Outlook
NEW YORK — Polaris Industries Inc. said Tuesday that its first-quarter net income rose to USD 19.1 000 000, or 55 cents a share, from USD 12.4 000 000, or 34 cents a share, in the year-earlier period. The Minneapolis producer of snowmobiles and all-terrain vehicles said sales for the quarter ended March 31 rose […]
Monday Morning Slump: Financials Hurt Stocks at Open
Wall Street kicked off the week in negative territory after Bank of America reported a worse-than-expected 77% plunge in profit and crude oil prices soared to yet another record.
Today’s Market
As of 9:32 a.m. EST, the Dow Jones Industrial Average fell 67.01 points, or 0.52% to 12785.20, the Standard & Poor’s 500 index declined 5.
