Ford Motor Company (NYSE: F) fiscal third quarter profit declined 22% as the company took a big charge linked to pension and employee buyout expenses. However, the automobile company posted record fiscal third quarter operating profit. Revenue also jumped 12%. For the latest period, Ford reported a pretax profit of $2.6 billion or 45 cents [...]
Shares of PulteGroup Inc. (NYSE: PHM) gained sharply on Thursday after the homebuilder reported better-than-expected fiscal third quarter results. Higher selling prices and increased number of closing helped drive up the revenue even as new orders fell. For the latest period, average selling prices climbed 11% to $310,000. Home-building cost of revenue rose 18%. Home [...]
Mining and construction equipment maker, Caterpillar Inc. (NYSE: CAT) said on Wednesday that fiscal third quarter profit fell 44% as demand for mining equipment remained weak even as prices of construction equipment felt the downward pressure. The Company slashed its full-year earnings per share forecast to $5.50 from $6.50. In the last fiscal year, the [...]
Health Benefit Company, WellPoint Inc. (NYSE: WLP) reported on Wednesday that fiscal third quarter profit slid 5.1% as overall expenses outpaced revenue growth, offsetting gains in membership and lower medical costs. However, both core earnings and revenue topped analysts’ expectation. WellPoint reiterated its full-year revenue outlook and lifted its earnings projection by 40 cents. The [...]
Consumer-products company, Kimberly-Clark Corp. (NYSE: KMB) reported on Tuesday that fiscal third quarter income rose 5.6%, aided by higher margins and organic sales growth. Stripping out onetime items, Kimberly Clark posted earnings of $1.44 a share, up from $1.34 a share, in the year-ago period. Sales inched up 0.3% to $5.26 billion; however, organic sales [...]
Shares of Delta Air Lines Inc. (NYSE: DAL) gained sharply on Tuesday after the airline company reported better-than-expected fiscal third quarter results, driven by higher passenger traffic and higher passenger unit revenue. For the latest period, Delta Air Lines posted net income of $1.37 billion or $1.59 a share compared to a profit of $1 [...]
The Wall Street Journal said that office product retailers, OfficeMax (NYSE: OMX) and Office Depot (NYSE: ODP) were likely to receive the Federal Trade Commission’s approval for a proposed merger. The Journal said that the proposed merger of the United States’ second and third largest office product retailers will not harm the competitive landscape of [...]
Toymaker, Hasbro Inc. (NASDAQ: HAS) said on Monday that fiscal third quarter earnings rose 17% as the bottom line was bolstered by a double-digit percentage revenue growth in emerging markets and benefits arising from tax adjustments, offsetting weakness in the domestic market. For the latest period, sales in the girls’ segment climbed 29% to $388.7 [...]
Insider Buying Activity The third quarter of 2013 turned out to be a volatile one for U.S. equity market amid speculation that the Federal Reserve will start easing its bond purchase program soon. The Fed, however, surprised market participants in September by not scaling back its bond purchases. [...]
Oil drilling services and solutions provider, Baker Hughes Inc. (NYSE: BHI) said on Friday that income rose 22% in the fiscal third quarter as its performance in the North American segment improved. The Company said that services like drilling, completion systems, artificial lift and upstream chemical businesses bolstered revenue in the North American segment. Both [...] |
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