Market News
Advanced Micro Devices (AMD)
AMD (NYSE:AMD) Thursday reported revenue for the third quarter of 2009 of $1.396 billion, an increase of 18 percent compared to the second quarter of 2009, but a decrease of 22 percent compared to the third quarter of 2008.
AMD third quarter showed a net loss attributable to AMD common stockholders of $128 million, or $0.18 per share, which includes a net favorable impact of $54 million, or $0.08 per share, primarily from a $66 million gain from the repurchase of debt. AMD’s operating loss was $77 million in the quarter.
AMD expressed optimism about future, saying it expects its product Company revenue to be up modestly for the fourth quarter of 2009.
Oct 15 · 4:30:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
IBM (IBM)
IBM Thursday reported third-quarter net income of $3.2 billion compared with $2.8 billion in the third quarter of 2008, an increase of 14 percent. Total revenues for the third quarter of 2009 of $23.6 billion increased 1 percent from the second quarter of 2009, and decreased 7 percent (5 percent, adjusting for currency) from the third quarter of 2008.
IBM's CEO Sam Palmisano said IBM's long-term strategic shift to higher-value businesses "again enabled us to deliver outstanding margin, earnings and cash flow growth in the third quarter.” He said IBM also saw improved revenue trends in our business and share gains in software and hardware.
Oct 15 · 4:21:00 PM · Source: MarketBeast
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Google (GOOG)
Google reported revenues of $5.94 billion for the quarter ended September 30, 2009, an increase of 7% compared to the third quarter of 2008. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2009, TAC totaled $1.56 billion, or 27% of advertising revenues.
Earnings beat expectations: GAAP net income in the third quarter of 2009 was $1.64 billion, compared to $1.29 billion in the third quarter of 2008.
Oct 15 · 4:08:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Hi-Shear Technology Corp. (HSR)
Hi-Shear Technology Corporation (NYSE Amex: HSR) today announced revenuesfor its first quarter of fiscal year 2010 ending August 31, 2009 were $5,498,000 compared to revenues of $6,044,000 for the same period last year. Net income for the quarter was $1,106,000, or $0.16 per share, compared to net income of $1,166,000, or $0.17 per share, for the quarter ended August 31, 2008
Oct 15 · 3:51:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Gilead Sciences (GILD)
Gilead Sciences Chairman and CEO John C. Martin sold 100,000 shares of his company’s stock at an average price of $45.40 per share on October 13.
Oct 15 · 2:42:00 PM · Source: Guru Focus
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
PEAPACK GLADSTONE FI (PGC)
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:PGC) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid to shareholders on November 13, 2009, to shareholders of record on October 29, 2009.
Oct 15 · 2:30:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Housing
U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.
Foreclosure filings -- including mortgage default notices, house auctions and home repossessions by banks -- were reported on 343,638 properties in September, down 4 percent from August, but up 29 percent from the year-earlier month, real estate data firm RealtyTrac said.
Oct 15 · 2:21:00 PM · Source: Reuters
email · face · Twitter · digg · COMMENTS
by Larry Etter
Nokia Corporation (NOK)
Nokia, the world’s largest mobile phone maker, reported a $1.36 billion loss in the third quarter as the company wrote down the value of its wireless networks venture by $1.35 billion and global sales declined 20 percent.
The company said that its leading share of the global cellphone market remained unchanged at 38 percent. But it acknowledged that its lead in smartphones, the fastest-growing segment of the market, had fallen to 35 percent from 41 percent, losing ground to Apple’s iPhone and Research in Motion’s BlackBerry devices.
Oct 15 · 1:47:00 PM · Source: NY Times
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Previous · Next
Advertisement