First Quarter Profit

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Ex-Microsoft senior manager sentenced to 2 years in jail for insider trading

Aug 09, 2014 at 14:24 | Source: FirstPost

Seattle: A former senior Microsoft manager who pleaded guilty to feeding inside information to a stock trader was sentenced Friday to two years in prison for insider trading.The U.S. attorney's office says the two men made $415,000 from three trades....

HSBC bank's half-year profits fall by 12%

Aug 04, 2014 at 17:02 | Source: BBC

HSBC's pre-tax profits fell by 12% in the first half of 2014 compared with the same period a year before. Profits were $12.34bn (£7.33bn), from $14.071bn twelve months earlier. During the half-year, the bank also put aside some $234m for its cu...

U.S. stocks shrug off Ukraine fears

May 06, 2014 at 00:27 | Source: Market Watch

NEW YORK (MarketWatch) — U.S. stocks spent most of Monday’s session near the flatline, as investors weighed downbeat data from China, the deteriorating situation in Ukraine and a better-than-expected report on the health of the services sector. ...

Berkshire Hathaway, J.P. Morgan are stocks to watch

May 04, 2014 at 23:06 | Source: Market Watch

SAN FRANCISCO (MarketWatch)—Among the companies whose shares are expected to see active trade in Monday’s session are Berkshire Hathaway Inc., J.P. Morgan Chase & Co., and Pfizer Inc. After Friday’s closing bell, Warren Buffett’s Berkshire H...

Chevron earnings hit by lower production

May 03, 2014 at 01:57 | Source: Market Watch

Chevron Corp. said its first-quarter profit fell 27% as revenue slipped amid lower oil prices and production. The results fell short of expectations. “Our first quarter earnings were down from a year ago, primarily due to lower prices and volumes ...

Wall Street ends up on earnings, rebound in high-growth shares

Apr 30, 2014 at 02:51 | Source: Economic Times

NEW YORK: US stocks rose on Tuesday, boosted by upbeat results from companies including Merck & Co and a rebound in Facebook and other high-growth shares. Merck & Co 's shares climbed 3.6 per cent to $58.72, giving the S&P 500 its biggest lift, afte...

LG Electronics posts big jump in Q1 profit

Apr 29, 2014 at 18:37 | Source: BBC

South Korea's LG Electronics reported a jump in first quarter profit of more than 300%, helped by a rise in sales in its division that makes televisions. Net profit jumped to 93bn Korean won ($87m; £52m) in Q1, compared to 22bn won in the year ...

China's ICBC's first quarter profit beats forecast

Apr 29, 2014 at 18:37 | Source: BBC

China's ICBC says first quarter profits are up 6.7% from one year ago based on Chinese accounting standards. For the three months to March ICBC, China's biggest bank by market value, reported a net profit of 73.3bn yuan ($11.7bn; £7bn). An...

European stocks gain as Deutsche Bank, Nokia rise

Apr 29, 2014 at 15:57 | Source: Market Watch

LONDON (MarketWatch) — European equities advanced Tuesday, on track for a second consecutive session of gains, as investors assessed a fresh round of corporate financial results. The Stoxx Europe 600 (STX:XX:SXXP) rose 0.6% to 335.98, adding to Mo...

Asia shares mixed as Australia falls from six-year high

Apr 29, 2014 at 15:57 | Source: Market Watch

HONG KONG--Australian stocks hit a six-year high early Tuesday before slipping into negative territory in a day of mixed trade in Asia. In Sydney, the S&P ASX 200 (ASX:AU:XJO)   ended down 0.9% at 5486.60. It had risen to a multiyear high of 5554.5...

AstraZeneca shares soar after Pfizer confirms bid talks

Apr 29, 2014 at 11:57 | Source: BBC

Shares in pharmaceutical company AstraZeneca rose by more than 14% on Monday, after US giant Pfizer confirmed its interest in a takeover bid. The firm said it had contacted AstraZeneca over a multi-billion pound bid for the UK-based drug maker. If su...

AstraZeneca profits hit by patent expiries

Apr 28, 2014 at 14:42 | Source: BBC

AstraZeneca has posted a drop in first quarter profits after its earnings were by hit by patents expiring on some of its older medicines. Pre-tax profits in the quarter fell to $638m (£380m), down from $1.3bn in the same period last year. The firm d...

China Construction Bank Says First-Quarter Profit Increases 10%

Apr 27, 2014 at 16:02 | Source: Bloomberg

China Construction Bank Corp. (939), the nation's second-largest lender by market value, reported 10 percent growth in first-quarter profit. Net income increased to 65.8 billion yuan ($10.5 billion) for the three months through March from 59....

Freeport-McMoRan profit falls, but less than feared

Apr 24, 2014 at 22:02 | Source: Market Watch

Freeport-McMoRan Copper & Gold Inc. said its first-quarter profit fell 21% as the company’s costs rose amid production and price declines in copper and gold. Earnings topped analysts’ expectations, however. Before the most recent period, the met...

GM profits hit by cost of recalls

Apr 24, 2014 at 20:47 | Source: BBC

General Motors has seen first quarter profits hit by a $1.3bn (£774m) charge to cover the cost of a huge recall of cars over defective ignition switches. The faulty switches could turn off the engine, disabling the airbags and have been linked to at...

Freeport-McMoRan profit falls on jump in costs

Apr 24, 2014 at 20:47 | Source: Market Watch

By Michael Calia Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX)  said its first-quarter profit fell 21% as the company’s costs rose amid production and price declines in copper and gold. Earnings topped analysts’ expectations, however. Before t...

AstraZeneca, Anglo American push FTSE to 7-week high

Apr 24, 2014 at 16:47 | Source: Market Watch

LONDON (MarketWatch) — U.K.’s FTSE 100 index headed for its highest close in almost seven weeks on Thursday, with Anglo American and AstraZeneca leading stocks higher after well-received trading updates. The London benchmark (FTI:UK:UKX)  advan...

Novartis First-Quarter Profit Rises About 23% -- Update

Apr 24, 2014 at 12:01 | Source: Wall Street Journal

ZURICH-- Novartis AG said sales of newly-launched drugs helped push first-quarter net profit about 23% higher, a strong performance that comes as the pharmaceutical giant embarks on a major overhaul of its sprawling product portfolio. Cancer treatmen...

Novartis First-Quarter Profit Rises

Apr 24, 2014 at 12:01 | Source: Wall Street Journal

Basel-based Novartis said sales from newly-launched drugs helped push first-quarter net profit up. Reuters. ZURICH— Novartis AG NOVN.VX -0.20% Novartis AG Switzerland: SWX Europe CHF76.25 -0.15 -0.20% April 23, 2014 5:31 pm Volume : 4.38M P/E&n...

Novartis Quarterly Profit Little Changed on Currencies

Apr 24, 2014 at 12:00 | Source: Bloomberg

Novartis AG's (NOVN) first-quarter profit was little changed as weaker currencies in Japan and emerging markets weighed on sales, offsetting gains from newer products such as the Gilenya treatment for multiple sclerosis. Earnings excluding so...

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