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Anixter International (AXE)

Anixter International Inc., a global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts, today reported that net income for third quarter ended October 2, 2009 declined to $22.1 million, a fall of 63 percent as compared to $59.7 million reported in the year ago quarter. Sales of $1.27 billion decreased 20 percent compared to sales of $1.59 billion in the year ago quarter.

Oct 27 · 10:16:00 AM · Source: Company News Release
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by Larry Etter

EarthLink Inc. (ELNK)

Earthlink said third quarter earnings decreased to $29,867,000 from $51,895,000 in the prior year's period. Revenue for the third quarter of 2009 was $174.5 million, a decline of 6 percent from the second quarter of 2009 and 24 percent from the year-ago quarter.
But the company's CEO said adjusted EBITDA, free cash flow and net income all came in at the high end of our estimates and as a result, we are slightly raising our full year 2009 guidance.

Oct 27 · 10:10:00 AM · Source: Company News Release
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by Larry Etter

Corning (GLW)

Corning, the world's biggest maker of LCD display glass for TVs and laptops, said it earned $643 million, or 41 cents a share, in the July-September period, down from $768 million, or 49 cents a share, a year earlier. Sales fell 5 percent to $1.48 billion from $1.55 billion a year ago. That also beat analysts' forecasts of $1.42 billion.
But the company's results did beat Street forecasts.

Oct 26 · 9:58:00 AM · Source: Company News Release
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by Larry Etter

Xerox (XRX)

Xerox reported 3rd quarter earnings of 14 cents per share on revenue of $3.7 billion compared to earnings of 30 cents per share on revenue of $4.37 billion from the previous year same quarter.
Xerox expects fourth-quarter 2009 earnings per share in the range of 20 cents to 22 cents, excluding costs related to the acquisition of ACS. The company has increased its full-year earnings expectations to 55 cents to 57 cents per share, which excludes fourth-quarter ACS acquisition related costs. Prior guidance for full-year 2009 was 50 cents to 55 cents per share.

Oct 23 · 9:55:00 AM · Source: Press Release
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by Rich Pike

Microsoft (MSFT)

Microsoft posted quarterly earnings and revenues that surpassed Wall Street estimates Friday. First-quarter net income fell to $3.57 billion, or 40 cents a share, beating the 32-cent average estimate of analysts. Revenue, excluding $1.47 billion deferred to a future quarter, was $12.9 billion. Analysts had projected sales of $12.4 billion for the period ended Sept. 30.
The company said sales of Windows and Xbox exceeded expectations due to strong consumer demand and that cost discipline drove earnings per share growth.

Oct 23 · 9:48:00 AM · Source: Company news release
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by Larry Etter

EMC (EMC)

EMC reported Q3 earnings of $0.14 per share on net income of $298 million.
EMC’s Information Infrastructure business for the third quarter – comprising product and services revenue from Information Storage, RSA Security, and Content Management and Archiving – reached $3.03 billion, an increase of 8% sequentially.

Oct 22 · 1:01:00 PM · Source: Press Release
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by Michael Oliveto

EMC (EMC)

EMC Corp. said Thursday its profit fell 24 percent and sales dropped 5 percent in the latest quarter as corporations spent less on data storage. EMC's net income for the quarter ended Sept. 30 was $298.2 million, or 14 cents per share, versus $393.4 million, or 19 cents per share, in the year-ago period. Sales were $3.5 billion, down from $3.7 billion last year.
Results slightly beat Wall Street estimates; the storage leader said that its clients' budgets are getting better, and the company raised its 2009 guidance.

Oct 22 · 10:07:00 AM · Source: AP
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by Larry Etter

Dell (DELL)

Dell said China was a "bright spot" amid the computer industry's slump, with the country's massive stimulus spending helping to boost sales in the first six months of the year.
"China is kind of the bright spot," Steve Schuckenbrock, president of Dell's unit focusing on large companies, told reporters in Hong Kong. "Overall, the health of the investment in their strategies exceeds the rest of the world."

Oct 21 · 12:41:00 PM · Source: Forbes
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by Michael Oliveto

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