Apple Computer; Texas Instruments; Yahoo; Caterpillar
Apple Computer forecast profit that missed analysts' estimates and said its gross margin in Q4 will be 31.4% down from 34.2% in Q3.
Michael Obuchowski, a portfolio manager :
"Maybe there is an expectation of soft demand from schools facing budgetary problems and from consumers running out of their stimulus checks."
Texas Instruments; the second- largest U.S. semiconductor maker,
forecast earnings that fell short of analysts' estimates because of slowing demand for its chips.
Yahoo; #2 search engine, posted a drop in Q2 profit after spending more on developing new projects.
Net income declined $131.2 vs $160.6 million despite sales rising to $1.35 billion vs $1.38 billion average of estimates.
Caterpillar said Q2 profit climbed 34% on sales +20% of which 62% of the total came from overseas.
The largest maker of earthmoving equipment said it will raise prices worldwide by 5 to 7% in part because the dollar has declined 10% in a year.
CEO Jim Owens: Developing markets this year may grow more than six times as fast as in North America, where the U.S. may find it hard "to avoid a recession." He also cited "softening" in Japan and Western Europe.
Michael Obuchowski, a portfolio manager :
"Maybe there is an expectation of soft demand from schools facing budgetary problems and from consumers running out of their stimulus checks."
Texas Instruments; the second- largest U.S. semiconductor maker,
forecast earnings that fell short of analysts' estimates because of slowing demand for its chips.
Yahoo; #2 search engine, posted a drop in Q2 profit after spending more on developing new projects.
Net income declined $131.2 vs $160.6 million despite sales rising to $1.35 billion vs $1.38 billion average of estimates.
Caterpillar said Q2 profit climbed 34% on sales +20% of which 62% of the total came from overseas.
The largest maker of earthmoving equipment said it will raise prices worldwide by 5 to 7% in part because the dollar has declined 10% in a year.
CEO Jim Owens: Developing markets this year may grow more than six times as fast as in North America, where the U.S. may find it hard "to avoid a recession." He also cited "softening" in Japan and Western Europe.
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