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Earnings Roundup - Day 3
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January 20, 2000: 2:26 p.m. ET
GE sets another record-breaking quarter; GM, Sears post robust sales
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NEW YORK (CNNfn) - Day three of earnings season included results from an automaker, a tech company, a retailer and a European telecom.
General Motors lead the stream of earnings reports Thursday by beating Wall Street's expectations. Revenue from the NBC television network helped raise General Electric's earnings and a European chipmaker's earnings boosted its stock by 51 percent.
Thursday's earnings summaries are listed below.
General Motors Corp. (GM) Thursday capped a record-setting year in sales by posting better-than-expected fourth-quarter earnings. For further information click onto the "more" link below.
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General Electric Co (GE) posted its sixth straight quarter of record profits Thursday while managing to top Wall Street's fourth-quarter earnings expectations by a penny. For further information click onto the "more" link below.
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Less discounting and strong post-holiday sales helped Sears, Roebuck and Co. (S) report substantially higher fourth-quarter earnings Thursday that exceeded Wall Street's heightened expectations.
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Steep price cuts and costs for major acquisitions forced a 45 percent slide in Deutsche Telekom's preliminary 1999 earnings, the company revealed Thursday.
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STMicroelectronics, Europe's second-largest chipmaker, unveiled record fourth-quarter earnings Thursday, prompting a sharp bounce in its stock.
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PPG Industries Inc. (PPG) Thursday posted flat earnings for the fourth quarter of 1999, but beat analysts' per share forecasts on fewer shares outstanding.
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Barnes & Noble Inc (BKS), the largest U.S. bookseller, did not report earnings, but raised its earnings estimates Thursday for the fiscal year ending Jan. 29, citing better-than-expected sales at its brick-and-mortar stores as well as over the Internet. 
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