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MetroPCS Communications (PCS)
MetroPCS said its fourth quarter earnings rose to $33.1 million, or 9 cents a share, from $14.6 million, or 4 cents a share, a year earlier. Revenue rose 29 percent to $939 million.
Feb 25 · 2:29:00 PM · Source: Company Press Release
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by Larry Etter
Alaska Air Group Inc. (ALK)
Alaska Air Group (NYSE:ALK) took off like a rocket last year as the economic downturn sent many airlines into a tailspin, According to Investors.com.
The parent of Alaska Airlines and Horizon Air saw 2009 profits soar 1,942% to $2.45 a share from the previous year's 12 cents a share, it reported on Jan. 28. It was the sixth straight year Alaska showed a profit on an adjusted basis.
"Our profitability was driven by significant reductions in fuel costs and an aggressive reallocation of flying to new markets in our system," said Chief Financial Officer Glenn Johnson.
Alaska Airlines capacity was reduced by 4.4% last year. As it reduced capacity to Mexico, it shifted capacity to new markets like Austin, Texas, and Atlanta. It also expanded service to Hawaii from Oakland, Calif., and Portland, Ore. "It's very important to have the right capacity in the right markets," said Johnson
Feb 25 · 2:28:00 PM · Source: http://www.investors.com/NewsAndAnalysis/Article.a
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by Steve Wieczorek
CenturyTel (CTL)
Telecomm company CenturyLink said its fourth-quarter profit rose to $230.2 million or 77 cents per share, from $100.1 million, or $1.00 per share, a year ago, before its purchase of Embarq. Excluding items, it earned 95 cents a share. Operating revenue almost tripled to $1.84 billion, with Embarq contributing $1.27 billion.
Results were above analyst estimates.
Feb 25 · 2:21:00 PM · Source: Company Press Release
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by Larry Etter
Southwest Airlines (LUV)
Southwest Airlines Co (NYSE:LUV) said it was open to acquisitions but added that this strategy would come secondary to growing the airline organically, said CFO Laura Wright, according to Reuters. "No question, if the right opportunity presented itself with all the right facts, we would certainly be interested," Wright said on Wednesday.
But Wright quickly added that Southwest, the second-largest airline by market value, has only made acquisitions three times in its nearly 40-year history. "From where we sit, we don't see consolidation as something that's necessary for us," Wright said.
The U.S. industry has lost some $11 billion in 2009 alone, according to the International Air Transport Association. But Wright and other airline executives have said in recent months that travel demand has strengthened.
Continued "capacity discipline" as well as economic recovery could pave the way for U.S. airlines to improve the profitability, or yields, on each flight, Wright said.
Feb 25 · 2:16:00 PM · Source: Reuters
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by Steve Wieczorek
Salesforce.com (CRM)
Salesforce.com said its fiscal fourth quarter (ended Jan. 31) profit was $20.4 million, or 16 cents a share, up from $13.8 million, or 11 cents a share, a year earlier. Revenue increased 22% to $354 million.
Results topped estimates.
Feb 25 · 2:13:00 PM · Source: Company Press Release
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by Larry Etter
CBS (CBS)
CBS Corporation announced today a new employment agreement with President and Chief Executive Officer Leslie Moonves. The agreement supersedes the prior
contract, which was to conclude in 2011, and extends his employment with the
CBS Corporation through February 22, 2015.
Feb 25 · 2:07:00 PM
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by Larry Etter
Oracle (ORCL)
Oracle Financial Services Software today announced the launch of Oracle® FLEXCUBE Investor Servicing 9.0, a process enabled transfer agency and investor servicing solution that helps financial institutions manage the complete fund lifecycle and reduce operational costs through process automation across fund structures, intermediary hierarchies, and investors.
Feb 25 · 2:05:00 PM · Source: Company Press Release
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by Larry Etter
Apple (AAPL)
Apple today announced that it has sold more than 10 billion songs via its iTunes Store. The 10 billionth song, "Guess Things Happen That Way" by Johnny
Cash, was purchased by Louie Sulcer of Woodstock, Georgia.
Feb 25 · 2:01:00 PM
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by Larry Etter
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