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US Airways (LCC)
US Airways Group Inc (LCC.N) posted a smaller-than-expected quarterly loss on Thursday, which Chief Executive Doug Parker said hints at a "soft, but improving economic environment."
The company said its net loss amounted to $80 million, or 60 cents per share, compared with a loss of $866 million, or $8.46 per share, a year earlier. Total revenue in the third quarter fell 16.6 percent from the year-ago period due to a 3.6 percent decline in total available seat miles, the airline said
Oct 22 · 9:40:00 AM · Source: Reuters
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by Larry Etter
McDonald's (MCD)
McDonald’s Corp., the world’s largest restaurant company, said third-quarter profit rose 5.9 percent as global comparable sales increased more than analysts anticipated. Net income jumped to $1.26 billion, or $1.15 a share, from $1.19 billion, or $1.05, a year earlier, the Oak Brook, Illinois-based company said today in a statement. Revenue fell 3.5 percent to $6.05 billion.
Analysts predicted profit of $1.11 a share, the average of 18 estimates compiled by Bloomberg.
Oct 22 · 9:36:00 AM · Source: Bloomberg
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by Larry Etter
AT&T Inc. (ATT)
AT&T Inc.'s net income dipped as revenue from traditional landlines fell faster than the company could cut costs. But in the growing wireless industry, AT&T is thriving, adding a record 3.2 million iPhones. AT&T earned $3.19 billion, or 54 cents per share, from July through September. That was down 1.2 percent from the same period a year earlier.
Analysts polled by Thomson Reuters had on average expected a profit of 50 cents per share.
Oct 22 · 9:27:00 AM · Source: AP
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by Larry Etter
Merck (MRK)
Merck & Co.'s (MRK) third-quarter profit more than tripled on a gain from the sale of the drug maker's stake in an animal-health joint venture, while a continued rebound in a blockbuster asthma drug helped overall sales inch higher.
For the three months ended Sept. 30, Merck reported net income of $3.4 billion, or $1.61 a share, up from $1.09 billion, or 51 cents a share, a year earlier. The latest quarter included a gain of $1.7 billion from Merck's sale of its 50% interest in the Merial animal-health joint venture to Sanofi-Aventis SA (SNY), which already owned the other half.
Oct 22 · 9:24:00 AM · Source: Wall Street Journal
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by Larry Etter
Eastern Company (The) (EML)
The Eastern Company (NYSE Amex-EML) today announced the declaration of its regular quarterly cash dividend of nine cents ($0.09) per share, payable December 15, 2009, to common stock shareholders of record as of November 20, 2009. This dividend represents the Company’s 277th consecutive quarterly dividend.
Oct 21 · 3:39:00 PM · Source: Business Wire
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by Larry Etter
GE (GE)
GE announced today the formation of the “GE Healthymagination Fund”, a new equity fund that will make investments in highly promising healthcare technology companies.
The fund will invest in companies globally that have innovative diagnostic, IT, and life sciences technologies aligned with the strategic objectives of GE’s Healthymagination initiative. The fund will also support healthcare companies developing innovative and unique business models and services.
Oct 21 · 3:35:00 PM · Source: Business Wire
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by Larry Etter
Helmerich & Payne, Inc. (HP)
HP (NYSE: HPQ), the world’s leading PC company, today announced Windows® 7 will be available across its portfolio of consumer and business PCs after midnight tonight.
In addition, HP will provide customers with advanced tools and services to assist their transition to the new operating system.
Oct 21 · 3:34:00 PM · Source: Business Wire
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by Larry Etter
Gilead Sciences (GILD)
Gilead reported Q3 earnings of $0.72 per share on net income of $673 million versus $0.52 per share on net income of $495.9 million in the year ago period.
The results beat the average analyst forecast of 67 cents a share. Quarterly revenue rose 31% to $1.8 billion.
Oct 21 · 3:11:00 PM · Source: Reuters
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by Michael Oliveto
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