Quarterly Reporting 01/31/07
READ THE LAST ONE CAREFULLY!!
Allstate (ALL) -6%, reported a 17% increase inQ4 profit, but the insurer's results missed analyst estimates and the company said it will stop giving profit forecasts.
Boeing (BA) +4.14% on news of doubled Q4 profits on record revenues and raised its guidance for fiscal 2007. This single stock accounted for a large portion of the DJIA rise today.
Google Inc.'s (GOOG) Q4 profit nearly tripled, but the stock dropped 3.7% in afterhours trading.
Kellogg (K) -1.9%, reported a 5.2% drop in net as gross margins slipped amid higher corn, wheat and other commodity costs.
Merck's (MRK) earnings tumbled 58%, hurt by a 65% drop in sales of cholesterol drug Zocor in the face of generic competition, as well as a restructuring charge
Starbucks (SBUX), +1.1%, reported higher quarterly earnings due to a larger number of stores and increased customer traffic at established outlets.
Time Warner (TWX) reported a 34% jump in quarterly net, helped by the sale of its Internet-access business in Europe. Revenue increased 8.2% on strength in its cable and network segments.
UPS reported a 7.5% profit rise but said per-share earnings this year could post their slowest growth in four years, blaming weak industrial production. Really, do ya think?
Allstate (ALL) -6%, reported a 17% increase inQ4 profit, but the insurer's results missed analyst estimates and the company said it will stop giving profit forecasts.
Boeing (BA) +4.14% on news of doubled Q4 profits on record revenues and raised its guidance for fiscal 2007. This single stock accounted for a large portion of the DJIA rise today.
Google Inc.'s (GOOG) Q4 profit nearly tripled, but the stock dropped 3.7% in afterhours trading.
Kellogg (K) -1.9%, reported a 5.2% drop in net as gross margins slipped amid higher corn, wheat and other commodity costs.
Merck's (MRK) earnings tumbled 58%, hurt by a 65% drop in sales of cholesterol drug Zocor in the face of generic competition, as well as a restructuring charge
Starbucks (SBUX), +1.1%, reported higher quarterly earnings due to a larger number of stores and increased customer traffic at established outlets.
Time Warner (TWX) reported a 34% jump in quarterly net, helped by the sale of its Internet-access business in Europe. Revenue increased 8.2% on strength in its cable and network segments.
UPS reported a 7.5% profit rise but said per-share earnings this year could post their slowest growth in four years, blaming weak industrial production. Really, do ya think?
Comments