Earnings Update 04/18/07
After the bell redux.. refer to yesterdays earnings update for details... Intel (INTC) reported a 19% Q1 profit increase on a 1% decline in sales...
Yahoo (YHOO) reported an 11% drop in Q1 profit, stock punished 8%...
Washington Mutual (WM) reported a 20% drop in net income due to subprime exposure and a slowing mortgage market.
Today... United Technologies (UTX) the maker of Otis elevators and Pratt & Whitney jet engines, said Q1 profit rose 6.6%.
Revenue up 16% on demand from airlines, governments and overseas commercial construction. United also reiterated their affirmative forward looking guidance.
The #3 US bank, JPMorgan Chase (JPM) said Q1 earnings rose 55%. However, retail banking earnings fell 2%.
Provisions for credit losses more than tripled to $292M from a year earlier due to higher losses from subprime mortgages and home equity loans.
Motorola (MOT) slashed its guidance last month and posted a Q1 loss of $181 M.
Revenue falling 15% Yoy on weak handset sales. The world's 2nd biggest mobile phone maker also issued a disappointing Q2 outlook.
Begging the question... who is muling the Coke? (see yesterday's update)...
The Baltic Exchange Dry Index is compiled daily from shipping brokers around the world and measures the volume of global shipments in raw and crude materials.
Semi finished and finished goods shipments are NOT considered. Of late, this index has been rocketing to the upside as global growth continues unchecked. However, the check could be in the mail in the form of a US economic slowdown...
Enquiring Naybob's should keep an eye on the trucking, air, rail & shipping transports. As the transports always telegraph what is coming down the road for the US economy.
To date, lowered profit, volumes and guidance across the board. "The biggest question right now is when is housing going to recover?" said Con-way Trucking Chief Executive Officer Doug Stotlar.
Con-way (CNW) reported a 28% decline in Q1 net earnings on falling revenues. Since Q3 2006 the trucking industry has been in a downturn due to declines in the housing and automotive sectors.
JB Hunt Transport (JBHT) reported an Q1 profit decline as revenues increased 2%, but earnings fell 9.8% on softer freight volumes.
CSX the #3 US railroad reported an 2% Q1 profit decline. Profits slipped as (energy stagflation price increases) revenue rising 4% offset a 4% decline in overall railroad freight volume.
After the bell: Ebay, Kraft & Allstate.
Yahoo (YHOO) reported an 11% drop in Q1 profit, stock punished 8%...
Washington Mutual (WM) reported a 20% drop in net income due to subprime exposure and a slowing mortgage market.
Today... United Technologies (UTX) the maker of Otis elevators and Pratt & Whitney jet engines, said Q1 profit rose 6.6%.
Revenue up 16% on demand from airlines, governments and overseas commercial construction. United also reiterated their affirmative forward looking guidance.
The #3 US bank, JPMorgan Chase (JPM) said Q1 earnings rose 55%. However, retail banking earnings fell 2%.
Provisions for credit losses more than tripled to $292M from a year earlier due to higher losses from subprime mortgages and home equity loans.
Motorola (MOT) slashed its guidance last month and posted a Q1 loss of $181 M.
Revenue falling 15% Yoy on weak handset sales. The world's 2nd biggest mobile phone maker also issued a disappointing Q2 outlook.
Begging the question... who is muling the Coke? (see yesterday's update)...
The Baltic Exchange Dry Index is compiled daily from shipping brokers around the world and measures the volume of global shipments in raw and crude materials.
Semi finished and finished goods shipments are NOT considered. Of late, this index has been rocketing to the upside as global growth continues unchecked. However, the check could be in the mail in the form of a US economic slowdown...
Enquiring Naybob's should keep an eye on the trucking, air, rail & shipping transports. As the transports always telegraph what is coming down the road for the US economy.
To date, lowered profit, volumes and guidance across the board. "The biggest question right now is when is housing going to recover?" said Con-way Trucking Chief Executive Officer Doug Stotlar.
Con-way (CNW) reported a 28% decline in Q1 net earnings on falling revenues. Since Q3 2006 the trucking industry has been in a downturn due to declines in the housing and automotive sectors.
JB Hunt Transport (JBHT) reported an Q1 profit decline as revenues increased 2%, but earnings fell 9.8% on softer freight volumes.
CSX the #3 US railroad reported an 2% Q1 profit decline. Profits slipped as (energy stagflation price increases) revenue rising 4% offset a 4% decline in overall railroad freight volume.
After the bell: Ebay, Kraft & Allstate.
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