Tag Archives: forecasts
MasterCard 1Q profit rises, but economy ‘choppy’
NEW YORK (AP) — Payments processor MasterCard Inc. said that its profit and revenue rose in the first quarter as card users spent more. Profit beat the forecasts of Wall Street analysts, though revenue missed slightly and the company's stock fell in midday trading. Continue reading
Facebook quarterly revenue beats, but earnings miss
Facebook posted revenue Wednesday that surpassed Wall Street forecasts, as the company’s mobile ad revenues continued to rise. After an initial pop, Facebook shares rose slightly in extended hours trading.The social media giant posted net income of $219 million, or 9 cents per share, up from $205 million, or 9 cents per share a year earlier. Daily and monthly active users were also up during the q… Continue reading
Pfizer 1Q profit up, but drugmaker cuts outlook
Pfizer Inc.'s first-quarter net income rose 53 percent despite falling sales, mainly because the world's second-largest drugmaker took big charges a year ago. Pfizer's results fell short of Wall Street's expectations, and the company lowered its profit and sales forecasts for the year, blaming sudden worsening of currency exchange rates. Continue reading
Dell shares at two month low after Blackstone pulls out
Shares in Dell Inc dived to a 2-month low on Friday after Blackstone Group LP withdrew from a three-way battle to buy out the company, citing a crumbling personal computer market that has reduced financial forecasts at the world’s No. Continue reading
Wall Street closes higher, Alcoa rises late
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks ended a volatile session higher on Monday as investors looked ahead to an earnings season expected to show modest growth despite concerns about macroeconomic conditions. Wall Street fluctuated between positive and negative territory for much of the day before climbing in the final hour of trading, ending near its session highs. Continue reading
Stocks plunge after jobs growth disappoints
NEW YORK (AP) — Stocks opened sharply lower on Wall Street after U.S. employers added the fewest jobs in nine months, falling short of economists' forecasts. Continue reading
Wall Street climbs on jobs, S&P up for ninth week out of 10
NEW YORK (Reuters) – Stocks closed out a historic week with another day of gains on Friday, as the Dow hit yet another record closing high on a payrolls report that surpassed even the most optimistic forecasts. The S&P 500 climbed for its sixth straight day, putting it less than 1 percent from an all-time closing high Continue reading
Wall St climbs on jobs, S&P up for 9th week out of 10
NEW YORK (Reuters) – U.S. stocks closed out a historic week with another day of gains on Friday, as the Dow hit yet another record closing high on a payrolls report that surpassed even the most optimistic forecasts. The S&P 500 climbed for its sixth straight day, putting it less than 1 percent from an all-time closing high. Continue reading
Climbing a ‘Wall of Worry’ and Catching a ‘Wave of Wealth’ with Stocks
NEW YORK (TheStreet) — The prophets of fiscal doom are at it again, and who’s to say that they are completely wrong. A recent headline in The Wall Street Journal capitalized on the current angst by proclaiming “As Stocks Rally, U.S. Continue reading
Japan Corporate Service Prices Fall 0.4% In December
TOKYO (dpa-AFX) – An index measuring corporate service prices in Japan was down 0.4 percent on year in December, the Bank of Japan said on Monday. That beat forecasts for a decline of 0.5 percent … Continue reading
