Family Dollar Reports Miserly Q1 Earnings
Family Dollar says quarterly earnings rose by less than three percent, falling shy of Wall Street expectations. And the discount store doesn't see things getting much better.
quarterly reports
Things at RadioShack Are Only Getting Worse
RadioShack shouldn't be surprising anyone on the downside when it reports its quarterly results, but that's exactly what happened on Tuesday. Net sales fell 3% to $1 billion, weighed down by a 1.6% decline in same-store sales. Analysts were banking on a slight top-line uptick.
Earnings Season Opens: Early News and Previews
Earnings season unofficially kicks off today, but 26 companies have already reported for the second quarter of this year. According to institutional data provider Capital IQ, here are some of the highlights so far:
Three Things to Watch During Earnings Season
Earnings season is near, and investors, as always are worried. Don't fret too much, though: Odds are that your company will come out on top on the bottom line -- because most do. But what will separate the winners from the whiners for the coming quarter? Here are the three key factors.
Health Insurers Post Healthy Profits but Remain Cautious on 2011
The recent pushback on health care reform appears to have boosted the stock prices of health insurance companies, which have outperformed major indexes by quite a margin so far this year. That's because Americans have been cutting back on doctor visits, keeping reimbursement costs low.
Four Tech Stocks to Bet On as Business Reboots IT Spending
With trillions of dollars sitting in corporate coffers, the spigots of capital flowing to technology are finally opening up again. Gartner Research projects 5.1% growth in information technology spending in 2011. So which companies' stocks should you buy to take advantage?
McDonald's to Boost Prices on Some Menu Items
McDonald's will increase prices on some items in the U.S. this year in response to rising commodity prices that are boosting food costs, Chicago Breaking Business reported, citing remarks the company made on its earnings conference call Monday.
Toyota Revives Miss. Plant, Will Boost U.S. Production
Toyota plans to rev up its vehicle production in the U.S., despite November's 7.3% drop in U.S. sales. The automaker has hired the first of an expected 2,000 workers for a new Mississippi Corolla plant, and says it expects to boost overall capacity utilization significantly from last year's weak levels.
Books-A-Million Earnings Drop in Third Quarter
The bookseller had a "disappointing" quarter with comparable store sales down nearly 6%, but a deal with competitor Barnes & Noble to sell the Nook e-reader could help end the year on a more positive note.
General Motors Posts $2 Billion Profit in 3Q
With just days to go before its anticipated initial public offering of stock, General Motors reported Wednesday that it earned $2 billion in the third quarter, its most profitable this year.
Profit at GM's Finance Arm Nearly Doubles in Third Quarter
General Motors Financial reported Tuesday its earnings nearly doubled in the third quarter compared to last year, aided by a drop in expenses.
News Corp. Buries HarperCollins' Earnings
Why did News Corp. bury the earnings of its book publishing unit HarperCollins? Does the media giant view the publisher as merely an afterthought -- or could Rupert Murdoch be contemplating a sale?
J&J Earnings Hurt by Children's Medicine Recalls
Tylenol and Band-Aid maker Johnson & Johnson announced on Tuesday that its sales declined 0.7% to $15 billion in the third quarter, compared to the same quarter last year, as domestic sales were "significantly impacted" by recent successive recalls. Domestic sales declined 2.5%.
Fraud Files: When 'Immaterial' Errors Hide Real Problems
When companies use the word "immaterial" to describe errors or irregularities in their previously reported numbers, what they're trying to say is that their mistakes involved such small amounts that they don't really matter. Too often, though, that's not really the case.