Pepsi’s earnings were better than expected but the stock lost ground. Pepsi’s CEO Indra Nooyi said “I have no idea why the stock behaved the way it did, I think our numbers knocked the socks off anything.” Pepsi, with its 4% volume growth, 11% revenue growth and 10% operating profit growth, had “fantastic numbers” any way people […]
Costco Wholesale Corp, the No. 1 U.S. warehouse club operator, said on Wednesday its quarterly profit rose about 5 percent, helped by stronger sales. Net income increased to $372.4 million, or 83 cents per share, in the fourth quarter ended on September 2, from $355.6 million, or 75 cents per share, a year earlier.
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NutriSystem trimmed its stock by over 30% hitting a new 52 week low after announcing a reduced forecast for third-quarter revenue. The company is now expecting third quarter revenue to drop from $200 million and $208 million to $188 million. The company also dropped its profit guidance from between 77 cents a share and 82 cents to between 62 […]
Google’s stock reached a new high of $560.79, reflecting Wall Street’s renewed faith in the Internet search leader. Google has begun to introduces new ways for advertisers to reach its steadily expanding online audience. The rally eclipsed Google’s previous record high in July of $558.58.attained in mid-July.
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Oracle Corp. kicked off its new fiscal year by blowing away analysts’ expectations with its biggest increase in software sales since the dot-com boom. The company earned $840 million, or 16 cents per share, for the three months ended Aug. 31. That increase represented a 25 percent improvement from net income of $670 million, or […]
Goldman Sachs demonstrated its ability to successfully navigate a tough capital market by reporting a 79 per cent surge in third quarter net income. Goldman’s success was driven largely by an early bet against US mortgages, which more than offset losses on its holdings of non-prime loans and mortgage securities. The bet helped Goldman generate record net revenue of […]
