Market News
Priceline.com (PCLN)
Priceline.com Monday said its third-quarter profit totaled $319 million, or $6.42 per share, compared with $84.5 million, or $1.74 per share, a year earlier. Revenue increased 30% to $730.7 million.
GAAP net income for the 3rd quarter 2009 was positively affected by a $181.9 million non-cash tax benefit from reversing a portion of the valuation allowance related to the Company’s net operating loss carry forwards. The valuation allowance was reversed to reflect the amount of deferred tax asset that is estimated to be more likely than not to be realized after taking into consideration current operating results and future estimated domestic taxable income. Pro forma net income in the 3rd quarter was $173.3 million or $3.45 per diluted share, compared to $2.39 per share a year ago. The results topped Street expectations.
Nov 9 · 7:21:00 PM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Fluor (FLR)
Flour Corp. Monday said its third-quarter net profit fell to $162 million, or 89 cents per share, from $182 million, or $1.00 per share, in the same quarter a year before. Revenue fell 4 percent to $5.42 billion.
Analysts had expected 90 cents per share on revenue of $5.49 billion,
Nov 9 · 7:17:00 PM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Oracle (ORCL)
Oracle Corp., the world’s biggest maker of database software, was told by European Union regulators that its $7.4 billion purchase of Sun Microsystems Inc. may break antitrust rules. The European Commission, the EU’s antitrust agency, issued a so-called statement of objections today, Sun said in a regulatory filing. The commission said Oracle’s acquisition of Sun’s MySQL database software causes competition concerns.
Nov 9 · 7:13:00 PM · Source: Bloomberg
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Electronic Arts (ERTS)
Electronic Arts said Monday it posted a fiscal second quarter net loss of $391 million, or $1.21 a share, 26 percent higher than the loss from a year earlier. Net sales fell 12 percent to $788 million in the July-September period. The gaming company also said it's laying off 1,500 employees, or about 17 percent, to focus on games that have higher profit margins.
But sales including deferred revenue from online games grew 2 percent to $1.15 billion, inching past Wall Street's expectations.
Nov 9 · 7:11:00 PM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Boeing (BA)
Boeing announced that it delivered the Royal Australian Air Force’s (RAAF) third F/A-18F Block II Super Hornet three months ahead of schedule on Sept. 30, after completing production on the multirole fighter at Boeing Integrated Defense Systems’ St. Louis facility.
“Successful early delivery of these aircraft is a direct result of the great teamwork between Australia’s Defense Materiel Organization, the Royal Australian Air Force, the U.S. Navy, Boeing and the entire Hornet Industry Team.”
Nov 9 · 4:26:00 PM · Source: Chicago Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Boeing (BA)
Boeing awarded a design-build contract for its new Dreamliner assembly line to a joint venture between Charlotte-based BE&K Building Group, and Turner Construction, a New York firm that has enjoyed a long relationship with the aerospace manufacturer.
All three of these companies worked together to design and build the original Dreamliner-related assembly facilities in North Charleston, on the same campus where the new assembly line will be located.
Nov 9 · 4:17:00 PM · Source: Charleston Regional Business Journal
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Avon Products (AVP)
Avon Products, Inc. announced that it has declared a regular quarterly dividend on its common stock of $0.21 per share, payable on December 1, 2009, to shareholders of record November 20, 2009.
Nov 9 · 4:10:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Walmart (WMT)
Wal-Mart, already engaged in a price war with Amazon, upped the ante heading into the holiday season, cutting the online pre-order prices of some upcoming DVDs to $10 after last month's Web-boom price war over books.
Amazon and Target then cut their own prices. That pushed the No. 1 retailer to take a few more cents off, dropping its prices down to $9.98.
Nov 9 · 3:30:00 PM · Source: Investors.com · Related: Amazon
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Previous · Next
Advertisement