Tag Archives: income
U.S. companies’ overseas earnings hit $1.9 trillion
By Dena Aubin NEW YORK (Reuters) – Large U.S. companies boosted their offshore earnings by 15 percent last year to a record $1.9 trillion, avoiding hefty tax bills by keeping the profits abroad, according to a new report Continue reading
US-INDUSTRY Summary
Disney’s profit rises on parks, ‘Oz’ movie LOS ANGELES (Reuters) – Media giant Walt Disney Co reported a 32 percent increase in profit that beat Wall Street expectations, boosted by higher spending and attendance at U.S. theme parks, and the movie box office success of “Oz the Great and Powerful.” Revenue for the company that operates cable networks, theme parks and a movie studio increased 10 percent to $10.6 billion. At the parks division, revenue gained 14 percent and operating income climbed 73 percent as resorts in Florida and California attracted more visitors and guests spent more Continue reading
China Development Bank 2012 Profit Rises
China’s largest infrastructure lender saw a 38% rise in full-year 2012 net profit thanks to higher net interest income, it said late on Thursday. 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
CVS Caremark 1Q profit soars 23 percent
CVS Caremark's first-quarter net income jumped 23 percent to top Wall Street's expectations, as generic drugs continued to improve profitability even though those prescriptions hurt revenue. Continue reading
Pfizer Q1 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 currency exchange rates. Continue reading
AsiaInfo-Linkage Q1 Profit Rises; Stockholders Approve All Proposed Resolutions
PEKING (dpa-AFX) – AsiaInfo-Linkage, Inc. (ASIA) reported that its first quarter of 2013 net income attributable to the company increased to US$14.1 million, or US$0.19 per share, from US$6.4 mill… Continue reading
Southern Copper’s 1st-Quarter Net Income Falls 20.3% to $495.4 Million
Southern Copper Corp. Continue reading
Your 401(k) Plan, Your Responsibility
NEW YORK (Wisdom Tree) — One of the many challenges Americans face today is saving enough money for retirement. The generations of Americans currently in retirement have predominantly received income from two sources: Social Security and pensions. However, since the early 1980s, the burden of funding future retirements has fallen on the individual. Continue reading
