|
Latest earnings news
|
 |
January 17, 2001: 6:49 p.m. ET
IBM slips ahead; Apple falls short; AMD misses target
|
NEW YORK (CNNfn) - Big Blue IBM squeezed past Street estimates for its fiscal fourth quarter, while Apple Computer and Advanced Micro Devices fell short of expectations.
i2 Technologies, the maker of software for business-to-business commerce, and Burlington Resources reported better-than-expected earnings.
General Motors' profit fell in the fourth quarter, as did results at Eastman Kodak and J.P. Morgan Chase & Co. But earnings rose at Continental Airlines and the big savings bank Washington Mutual, both of which topped Wall Street forecasts.
General Electric earnings rose 16 percent, and met expectations. Aircraft maker Boeing flew over targets, and projected sales gains in 2001 and 2002.
IBM better than expected
IBM (IBM: Research, Estimates) reported fourth-quarter sales and profit that beat Wall Street's expectations. Big Blue reported earnings of $1.48 per share, compared with $1.12 during the same period a year earlier. Analysts had forecast $1.46 per share. Click here for more.
Apple falls short
Apple Computer (AAPL: Research, Estimates) recorded its first quarterly loss in three years of $247 million, or 73 cents per share, versus net income of $123 million, or 78 cents, in the same period last year. Analysts had estimated a loss of 65 cents per share. Click here for more.
AMD misses mark
Advanced Micro Devices (AMD: Research, Estimates) reported fourth-quarter net income of $178 million, or 53 cents a share, just shy of Wall Street forecasts of 55 cents a share. Click here for more.
Biogen slips ahead
Biotech giant Biogen Inc. (BGEN: Research, Estimates) reported net revenue of $245 million and earnings per share of 47 cents, beating Wall Street estimates by a penny. Fueled by its flagship multiple sclerosis drug Avonex, the company said net income for the year increased to $334 million or $2.16 cents per share, which includes 41 cents per share of net one-time events. Analysts had expected Biogen to earn 46 cents a share. Click here for more.
i2 Technologies going strong
i2 Technologies (ITWO: Research, Estimates), the maker of software for business-to-business commerce, reported unexpectedly strong fourth-quarter results of $44 million, or 9 cents per share, in the 2000 fourth quarter, compared with 5 cents per share in the year-ago period. Analysts had expected the company to earn 8 cents a share. Click here for more.
Burlington Resources crosses target
Burlington Resources (BR: Research, Estimates), a major U.S. independent natural gas producer, reported net income of $304 million or $1.41 a share versus a loss of $84 million or 38 cents per share in he same period of 1999. Revenue rose 45 percent to $999 million. Analysts had forecast an estimate of $1.10.
GM profit falls but beat Street
General Motors (GM: Research, Estimates) profit fell in the fourth quarter but it still beat Wall Street forecasts, and the carmaker said it is comfortable with current estimates for 2001. Click here for more.
AMR Corp.
AMR (AMR: Research, Estimates), the parent of American Airlines, earned 29 cents per share, down from $1.37 per share a year earlier. The nation's No. 2 airline earned 34 cents a share, down from 57 cents per share a year earlier. Analysts had expected AMR to earn 30 cents per share. Click here for more.
US Airways
US Airways (U: Research, Estimates) lost $101 million in the fourth quarter, hurt by rising fuel costs and increased competition within the industry. The airline reported a loss Wednesday of $1.50 per share for the last three months of 2000. Wall Street had expected a loss of $1.10 per share. Click here for more.
GE 4Q meets Street
General Electric Co. (GE: Research, Estimates) said Wednesday earnings for its fourth quarter rose 16 percent, results that were in line with analysts' consensus expectations. Click here for more.
J.P. Morgan Chase misses forecasts
A tough market environment hurt J.P. Morgan Chase's (JPM: Research, Estimates) fourth quarter, as the company reported profits below Wall Street forecasts. Click here for more.
Boeing flies over 4Q target
Boeing Co. (BA: Research, Estimates) beat fourth-quarter earnings forecasts Wednesday and projected sales gains despite some recent order victories for competitor Airbus Industrie. Click here for more.
Eastman Kodak profit tumbles
Eastman Kodak Co. (EK: Research, Estimates) said profits tumbled in the fourth quarter to 68 cents a share, excluding one-time items, from $1.27 a share a year earlier. The results were in line with lowered Wall Street forecasts. Click here for more.
Continental Air tops Street
Continental Airlines (CAL.A: Research, Estimates) posted earnings of 61 cents a share, excluding one-time items, for the quarter, above Wall Street forecasts of 58 cents a share and the 42 cents a share it earned a year earlier. Click here for more.
Tyco International
Tyco International (TYC: Research, Estimates) said its fiscal first-quarter net income jumped 29 percent due to strong electronics sales in Europe. The fire sprinkler and circuit boards maker earned 57 cents a share before special items in the latest quarter, compared with 46 cents a share in the year-ago period, beating Wall Street estimates by a penny
Leading S&L's 4Q profit up
Washington Mutual Inc. (WM: Research, Estimates), the biggest U.S. savings and loan company, posted a 10 percent rise in fourth-quarter profit, driven by the strength of its mortgage portfolio. Click here for more.
Ameritrade loss in line
Ameritrade Holding Corp. (AMTD: Research, Estimates) said Wednesday its fiscal first-quarter loss widened 5.7 percent from a year earlier, confirming a recent warning by the No. 5 U.S. Internet broker that slower customer stock trading would drag down revenue and hurt results. Click here for more.
Valero Energy
Valero Energy Corp. (VLO: Research, Estimates) reported fourth-quarter earnings of $93.3 million, about five times the result obtained in the year-ago period, due to low inventories and the cold weather in November and December. The oil refiner and marketer's fourth-quarter per-share earnings rose to $1.47 from 29 cents a year earlier. Wall Street had expected Valero to earn $1.30 per share.
Knight profit slumps
Knight Trading Group Inc. (NITE: Research, Estimates), the No. 1 share dealer on Nasdaq, posted a 44 percent decline in fourth-quarter profit as the Nasdaq stock market slumped and customers invested in less-volatile stocks. 
|
|
|
|
|
 |
|
