International growth and a renewed focus on low prices helped boost profit and sales for the world’s largest retailer. Wal-Mart recognized an overall increase of 4% during the holiday season, as hot electronic items as well as health products rose. Stores in 13 countries outside the U.S. accounted for about 25 percent […]
Countrywide came out with a loss in the fourth quarter due to rising loss provisions and impairment charges. Countrywide lost $422 million, or 79 cents per share, during the fourth quarter, compared with earnings of $622 million, or $1.01 per share, during the same period the previous year. Analysts forecasted a loss of […]
Research in Motion’s fiscal third-quarter profit more than doubled on strong demand for its BlackBerry smart phones by consumers and businesses. The company’s shares jumped more than 11 percent in after hours. For the quarter ended Dec. 1, Canada-based RIM earned $370.5 million, or 65 cents per share, compared with $175.2 million, or […]
Amazon.com’s stock dropped in Wednesday’s premarket trading 1o.6% to $90.16, after some analysts said they were concerned about the online retailer’s lower gross margin in the third quarter.After Tuesday’s regular market close, Amazon.com reported results that topped Wall Street expectations. But the company also said shipping deals and discounts for copies of “Harry Potter and […]
Boeing Co., the world’s No. 2 commercial airplane maker, said that its third-quarter profit climbed 61 percent, thanks to higher commercial airplane deliveries and growth in its defense business.For the quarter ending Sept. 30, Boeing’s profit rose to $1.1 billion, or $1.44 per share, up from $694 million, or 89 cents per share, a year […]
Yahoo Inc.’s third-quarter profit were down slightly compared to the same period last year but their is hope that co-founder Jerry Yang will deliver on his promise to turn around the slumping Internet powerhouse.Gross revenue rose 12 percent to $1.77 billion. Excluding payments to advertising partners, revenue rose 14 percent. Sales on its own […]
