Monthly Archive:: October 2010

Amazon.com 3Q Net Up 16% On Sales Jump; Spending Still Strong

Amazon.com Inc.’s (AMZN) third-quarter earnings rose 16% as revenue continued to surge at the No. 1 Internet retailer by sales, but investors were unsettled because the company raised the possibility that operating income might decline in the current quarter. Seattle-based Amazon said operating expenses jumped 40% in the third quarter, in part

Hot Stocks To Watch: Netflix, eBay, McDonald’s, Hershey, Baxter

Among the companies whose shares are actively trading in the session are Netflix Inc. (NFLX), eBay Inc. (EBAY) and McDonald’s Corp. (MCD). Netflix’s ($172.61, +$19.46, +12.71%) third-quarter earnings improved 26%, topping its expectations as revenue and margins grew and subscriber-acquisition costs fell. Subscriber-acquisition costs, a metric closely watched by investors in the

Top Equities Stories Of The Day

ELI LILLY PROFIT RISES 38% Drugmaker’s 3Q earnings climb to $1.3 billion, or $1.18 a share, as the company rebounds from a year-earlier quarter hamstrung by $549.8 million of charges, and revenue edges up 1.7% to $5.65 billion. US STOCK FUTURES GAIN ON EARNINGS OPTIMISM U.S. stock futures rise, as strong company

Morgan Stanley reports 3rd quarter loss tied to changing value of bank’s own debt

Morgan Stanley became the latest investment bank to report weaker results Wednesday from a trading slowdown during the summer. The New York-based bank reported a net loss during the third quarter as revenue fell 20 percent and because of some special one-time charges. Even stripping out the charges, adjusted earnings tumbled from

US Economic Growth Continues At Modest Pace

U.S. economic activity continued to rise modestly in September and early October, with growth picking up in several districts, according to a report released Wednesday by the Federal Reserve. Several sectors in some districts, however, showed continued signs of sluggishness, the Fed’s latest beige book indicated. Housing markets remained weak, with most

US Stocks Erase Most Of Previous Day’s Losses

U.S. stocks jumped Wednesday, erasing most of the previous day’s bruising losses as a positive outlook from the financial sector and a spate of strong earnings from airlines and other bellwethers gave investors reasons for optimism. The Dow Jones Industrial Average added 129.35 points, or 1.18%, to finish at 11107.97, while the

Delta Air Sees 4Q Profit As Sector Rallies

The head of Delta Air Lines Inc. (DAL) said Wednesday that the European Union should help the region’s carriers compete with fast-growing Middle East rivals. Richard Anderson, Delta’s chairman and chief executive officer, is the first U.S. airline executive to address the competitive threat of carriers such as Emirates, Etihad and Qatar

Altria 3Q Profit Rises 28% Amid Improved Sales

Altria Group Inc.’s (MO) third-quarter earnings rose 28% as the tobacco giant benefited from higher prices for its cigarettes and as sales in its smokeless tobacco unit climbed. The results beat analysts’ expectations. Altria, the maker of Marlboro cigarettes and Copenhagen smokeless tobacco, has in recent years offset falling cigarette volumes with

Seagate Tech 1Q Profit Down 17% On Lower Margins

Seagate Technology Inc.’s (STX) fiscal first-quarter profit fell 17% on lower margins, and the computer disk-drive maker’s results fell short of Wall Street’s expectations. Seagate, one of the world’s largest hard-drive makers, returned to profitability in the past year as demand rebounded from a drop during the recession. But the company, which

Arena Pharmaceuticals Announces Phase 1 Results for APD916 for Narcolepsy with Cataplexy

Arena Pharmaceuticals, Inc. (ARNA) announced today results from a Phase 1 clinical trial of APD916, a novel drug candidate discovered by Arena that targets the histamine H3 receptor for the treatment of narcolepsy with cataplexy. The randomized, double-blind and placebo-controlled trial evaluated the safety, tolerability and pharmacokinetics of 1 mg, 3 mg