Norfolk Southern profit lifted by coal and ag demand
NSC 65.69, +2.15, +3.4%) on Tuesday reported a second-quarter profit of $453 million, or $1.18 a share, up from $394 million, or 98 cents a share, a year earlier. Sales rose 16% to $2.8 billion. Analysts polled by FactSet Research were looking for a profit, on average, of $1.06 cents a share with total revenue of $2.64 billion. The railroad said continued strength in the coal, agriculture and metals markets led the improvement while the automotive and housing industries remained weak.
Yahoo's profit, sales fall short of estimates
(4:25 PM ET) SAN FRANCISCO (MarketWatch) - Yahoo Inc. said Tuesday its second-quarter profit and sales fell short of analysts' estimates, reflecting a weak Internet advertising market and the company's sensitive position as a takeover target. Sunnyvale, Calif.-based Yahoo said net income for the period ended in June fell to $131 million, or 9 cents a share, from $161 million, or 11 cents a share in the same period a year earlier. Meanwhile net revenue, or revenue excluding payments made to other Web sites to acquire traffic, rose 8% to $1.35 billion. Analysts on average had estimated Yahoo would report earnings of 10 cents a share, and $1.38 billion in net revenue, according to FactSet Research.
C.H. Robinson profit increases reported after the closing bell Tuesday first-quarter net income rose to $90.4 million, or 52 cents a share, from $82.3 million, or 47 cents, a year ago. Revenue for the three months ended June 30 rose 23% to $2.32 billion from $1.89 billion. Analysts surveyed by FactSet Research expected the Minneapolis-based trucking and transport company to earn 55 cents a share on $2.21 billion in sales. Shares of C.H. Robinson rose 3.2% to close at $58.75 ahead of the report.
Sigma-Aldrich boosts profit, raises outlook reported late Tuesday second-quarter net income rose to $90.8 million, or 70 cents a share, from $79.7 million, or 61 cents, a year ago. Revenue for the quarter rose 14% to $580.7 million from $507.5 million. Analysts polled by FactSet Research predicted the St. Louis-based biochemical and organic chemicals maker would post earnings of 67 cents a share on $579 million in sales. Sigma-Aldrich lifted its 2008 targeted earnings range to $2.62 to $2.72 a share. Wall Street analysts had been looking for full-year earnings of $2.64 a share. Sigma-Aldrich's shares rose 1.8% ahead of the report to close at $58.97. The stock is up nearly 32% over the past 12 months.
VMware reports 53% earnings rise on Tuesday reported a second-quarter profit of $52 million, or 13 cents a share, compared to earnings of $34 million, or 10 cents a share, in the same period a year ago. Excluding one-time items, VMware would have earned $92 million, or 23 cents a share, on revenue of $456 million. By that measure, Analysts surveyed by FactSet Research had forecast the virtualization software maker to earn 22 cents a share on $459 million in revenue. For its third-quarter, VMware estimates its sales will be between $462 million and $468 million, while analysts had forecast revenue of almost $497 million.
WaMu reports quarterly net loss of $3.33 billion reported a net loss of $3.33 billion, or $6.58 a share, late Tuesday. That compares to net income of $830 million, or 92 cents a share, a year earlier. The nation's largest thrift said it boosted loan loss reserves by $3.74 billion to $8.46 billion during the latest quarter. The company also said that the remaining cumulative losses in its residential mortgage portfolios will be towards the upper end of the range it disclosed in April. Excluding one-time items, the lender said earnings per share would have been $3.34 in the second quarter. WaMu was expected to lose $1.05 a share, according to the average estimate of 12 analysts in a Thomson Reuters survey.
Intuitive Surgical Inc. late Tuesday reported its second-quarter net income rose 67% to $51.2 million, or a $1.28 share, compared with $30.7 million, or 79 cents a share, in the year-earlier period. Revenue totaled $219.2 million compared with $140.2 million a year ago, the Sunnyvale, Calif.-based maker of surgical robotics said. Analysts polled by FactSet Research had forecast a profit of $1.18 cents a share on revenue of $208.4 million.
E-Trade reports quarterly net loss of $94.6 million reported a second-quarter net loss of $94.6 million, or 19 cents a share, late Tuesday. That compares to net loss of $91.2 million, or 20 cents a share, in the previous quarter and net income of $159.1 million, or 37 cents a share, a year ago, the discount brokerage firm said. Losses in E-Trade's mortgage portfolio were a bit higher than the company expected. However, loan delinquency growth continued to moderate, E-Trade noted. Total delinquencies increased by 9% during the quarter, representing the slowest increase in four quarters. Home equity loan delinquencies increased by 4% during the quarter, down from an increase of 8% in the prior quarter. Provisions for loan losses increased by $85 million quarter over quarter, driven primarily by an increase in home equity-related charge-offs.
|
Thread abonnieren
