FOREXLEARNING

Red Lobster parent Darden profit drops »

Wed Sep 28, 2011 7:28am EDT

(Reuters) – Darden Restaurants Inc (DRI.N) posted a 6 percent drop in quarterly earnings, partly hurt by the hurricane Irene, but reaffirmed its full-year earnings outlook.

The company said Irene hurt sales at established Red Lobster, Olive Garden and LongHorn Steakhouse restaurants and estimated the storm reduced quarterly earnings by about [...]

GM posts $4.3 billion loss, says 2010 profit possible »

DETROIT (Reuters) – General Motors Co posted a net loss for 2009, but said it was possible to make a profit this year and that it was laying the foundation to return to public ownership.

GM reported a $4.3 billion 2009 net loss covering the period from its emergence from bankruptcy in July through the end [...]

FedEx profit more than doubles, tops expectations »

FedEx profit more than doubles, tops expectations
FDX.N
) raised its outlook and posted sharply higher profit, but its shares fell as its domestic volume numbers disappointed investors’ hopes for a U.S. economic recovery.
Profit for its fiscal third quarter ended Feb 28 was $239 million, or 76 cents per share, up from $97 million, [...]

StanChart year profit tops $5 billion, strong January »

StanChart year profit tops $5 billion, strong January
STAN.L
) met expectations with a 13 percent jump in 2009 profit, as strong investment banking growth in its core Asian markets offset a jump in bad debts in the Middle East.
The bank said it would give bonuses to management, unlike many London-listed rivals, and pay [...]

Visa posts higher quarterly profit »

NEW YORK (Reuters) – Visa Inc posted a stronger-than-expected profit on Wednesday, helped by rising debit card processing volume.
The company’s shares rose 2.6 percent in after-hours trading to $85.75, a stark contrast to a year ago, when it traded at $47.54.
Weakness in the economy has spurred more U.S. consumers to pay using their [...]

News Corp profit up on ad recovery, Avatar »

News Corp profit up on ad recovery, Avatar
NEW YORK (Reuters) – News Corp’s results beat expectations thanks to “Avatar” and improved advertising sales, and the company raised its outlook and dividend in a sign of confidence for the battered media sector.
The 25 percent dividend increase announced on Tuesday by Rupert Murdoch’s media conglomerate [...]

Exxon quarterly profit tops Street, stock up 3 percent »

Exxon quarterly profit tops Street, stock up 3 percent
HOUSTON (Reuters) – Exxon Mobil Corp reported a fourth-quarter profit on Monday that topped Wall Street expectations as natural gas projects boosted results at the largest U.S. oil company’s exploration arm.
Still, Exxon’s net income fell 23 percent as weak demand for fuel in the global [...]

ExxonMobil profit fuels early Wall Street gains (AFP) »

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rose 92.95 points (0.92 percent) to 10,160.28 at 1538 GMT, as stocks bounced back from a rocky week and losses for the month of January.
advanced 15.29 points (0.71 percent) to 2,162.64 while the Standard & Poor's 500 index added 12.10 points (1.13 percent) to 1,085.97.
The first trading in February kicked off on [...]

Microsoft profit beats on strong Windows 7 sales »

SEATTLE (Reuters) – Microsoft Corp posted a bigger-than-expected 60 percent jump in quarterly profit, helped by strong sales of Windows 7, and said it expected business technology spending to recover this year.
The world’s biggest software maker said on Thursday that net profit came to $6.7 billion, or 74 cents per share, for its fiscal [...]

Goldman trims pay, posts profit as shares fall »

Goldman trims pay, posts profit as shares fall
GS.N
), under fire for gold-plated pay packages, cut average pay per employee by about a quarter from record 2007 levels, helping boost its profit to a record.
But the forecast-beating results were quickly overshadowed by anxiety about the impact of the Obama administration’s proposed crackdown on [...]