Quarterly Reporting 02/07/07
Cisco (CSCO) earnings soared 40% in Q2 on its acquisition of Scientific Atlanta and robust demand for Internet equipment from telecom companies and small businesses.
Revenues surged 27%, inventory rose, profit margin narrowed, gross margin fell to 63.8% of sales, from 67.4% a year earlier, while its operating profit margin slipped to 25.2% from 26.1%.
Computer Sciences (CSC) said that net income for its fiscal third-quarter fell 78%, and the company is delaying filing a full earnings report with regulators until it has completed an ongoing internal review of stock options grant practices.
Roche Holding AG (CH:ROCHE) leapt 34 percent in 2006 on strong sales of cancer treatments Herceptin and Avastin and flu drug Tamiflu but worries over future margins hit the stock on Wednesday.
Toyota (TM) said surging sales in overseas markets pushed third-quarter earnings to record levels as the Japanese auto giant gears up to overtake GM as the world's largest car maker.
Tyco (TYC) said its quarterly earnings increased 43%, despite charges related to its separation into three businesses.
TiVo (TIVO) and Amazon (AMZN) plan to announce a new way for consumers to watch movies and TV shows downloaded from Amazon's Unbox service on their TV sets via their TiVo digital video recorders.
Toyota (TM) reported record quarterly profit of $3.54 billion, bolstered by rising exports. North American sales jumped 19%.
United Airlines' (UAUA) January traffic grew 2% to 9.22 billion revenue passenger miles from 9.03 billion a year earlier.
UPS ordered 27 Boeing 767 freighters, helping Boeing (BA) maintain 767 production ahead of a possible Pentagon contract.
Revenues surged 27%, inventory rose, profit margin narrowed, gross margin fell to 63.8% of sales, from 67.4% a year earlier, while its operating profit margin slipped to 25.2% from 26.1%.
Computer Sciences (CSC) said that net income for its fiscal third-quarter fell 78%, and the company is delaying filing a full earnings report with regulators until it has completed an ongoing internal review of stock options grant practices.
Roche Holding AG (CH:ROCHE) leapt 34 percent in 2006 on strong sales of cancer treatments Herceptin and Avastin and flu drug Tamiflu but worries over future margins hit the stock on Wednesday.
Toyota (TM) said surging sales in overseas markets pushed third-quarter earnings to record levels as the Japanese auto giant gears up to overtake GM as the world's largest car maker.
Tyco (TYC) said its quarterly earnings increased 43%, despite charges related to its separation into three businesses.
TiVo (TIVO) and Amazon (AMZN) plan to announce a new way for consumers to watch movies and TV shows downloaded from Amazon's Unbox service on their TV sets via their TiVo digital video recorders.
Toyota (TM) reported record quarterly profit of $3.54 billion, bolstered by rising exports. North American sales jumped 19%.
United Airlines' (UAUA) January traffic grew 2% to 9.22 billion revenue passenger miles from 9.03 billion a year earlier.
UPS ordered 27 Boeing 767 freighters, helping Boeing (BA) maintain 767 production ahead of a possible Pentagon contract.
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