World’s largest jet engines and wind turbine manufacturer, General Electric Co. (NYSE: GE) posted better-than-expected fiscal fourth-quarter results as CEO Jeff Immelt’s deeper focus both on energy equipment business and emerging markets offset lackluster demand in the U.S and Europe. [...]
Bank of America Corp. (NYSE: BAC) shares plunged 3.75% by midday trade as the company’s revenue dropped nearly 25% in the fourth quarter. For the fiscal fourth quarter, BAC reported earnings of $732 million or 3 cents a share on revenue of $18.7 billion. Analysts polled by Thomson Reuters were expecting earnings of 2 cents [...]
Bank of America Corp. (NYSE: BAC), one of the biggest U.S. banks, reported its fourth-quarter financial results. Shares of the Charlotte, North Carolina-based bank fell sharply in early trading following the release of quarterly results. [...]
Shares of casual dining chain, Chipotle Mexican Grill Inc. (NYSE: CMG) plunged 5.38% during early trade on Wednesday after it said late on Tuesday that fiscal fourth-quarter earnings would fall short of Street’s estimates, citing rising food costs even as revenue for the period is expected climbed by 17% from the year earlier quarter. [...]
Shares of Comerica Incorporated (NYSE: CMA), a financial services company, are up sharply in trading today after the company reported its fourth-quarter financial results. [...]
Shares of Santarus Inc. (NASDAQ: SNTS), a specialty biopharmaceutical company engaged in the acquisition, development and commercialization of products that address the needs of patients treated by physician specialists, surged on Tuesday after the company received FDA approval of UCERIS™ (budesonide) for the induction of remission in patients with active, mild to moderate ulcerative colitis. [...]
Shares of Express Inc. (NYSE: EXPR), a specialty apparel and accessory retailer, are seeing a huge rally in trading today after the company raised its outlook for the fourth quarter and full year 2012. [...]
Shares of Lululemon Athletica Inc. (NASDAQ: LULU) slumped on Tuesday after the yoga and athletic apparel retailer late on Monday boosted its earnings projections for fiscal fourth quarter but remained in line with Street’s estimate and missed analysts’ revenue expectations. [...]
America’s largest homebuilder in terms of market capitalization, Lennar Corp. (NYSE: LEN) reported better-than-expected fiscal fourth-quarter results on Tuesday as revenue soared 42 percent during period, thanks to record low mortgage rates and contracting supply of existing homes which prompted Americans to own a new house. [...]
Shares of Apple Inc. (NASDAQ: AAPL) slumped on Monday after a news report said that the tech giant has slashed its component orders for its latest smartphone model, iPhone5 due to weaker-than-expected demand. [...] |
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