third quarter earnings news stories on Newser

Goldman Posts $428M Loss

Kevin Spak — Tue, 18 Oct 2011 08:22:54 CDT

It was a bad three months to be a vampire squid: Goldman Sachs reported a $428 million third-quarter loss today, or 84 cents a share—far worse than the 16 cents per share that analysts were expecting, according to Reuters . The blow came largely thanks to $2.48 billion in...

Apple Profit Shoots Up 125%

Kevin Spak — Wed, 20 Jul 2011 08:23:54 CDT

Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. And with a number of new products scheduled for the second half of 2011, this could be just the tip...

Apple Profits Surge 47% on iPhones, Macs

Jason Farago — Tue, 20 Oct 2009 03:00:00 CDT

Apple rocketed to a 47% increase in quarterly profits as consumers kept buying iPhones and Macs through the recession, helped by a price drop and overseas expansion. The company posted a profit of $1.67 billion last night, exceeding even the highest expectations on the Street. The biggest surprise was...

Dow Climbs 96 to New 2009 High

Nick McMaster — Mon, 19 Oct 2009 15:19:24 CDT

Stocks rallied today on expectations for this week’s earnings reports, with the Dow rising 96.28 points to hit a new 2009 high of 10,092.19. Caterpillar, which reports tomorrow, gained 6.5% after saying it would raise prices. American Express, which reports Thursday, gained 2.6%. Traders were...

Bank of America Loses $2.2B as Loans Sour

Fri, 16 Oct 2009 08:02:33 CDT

Bank of America Corp. lost more $2.24 billion in the third quarter, the company announced today, as loan losses kept rising. Those losses amounted to nearly $10 billion, providing further evidence that consumers are still struggling to pay their bills. The bank also added $2.1 billion to its...

Goldman Tops $3B in Profit, Blows By Estimates

Jason Farago — Thu, 15 Oct 2009 07:13:50 CDT

Goldman Sachs is even more golden than we'd thought. The top firm on Wall Street posted a record third-quarter profit of $3.19 billion, a billion dollars higher than expected, thanks to returns on advising on takeovers and more aggressive investing. That quarterly result more than triples the $845 million...

Once-Reserved Goldman Turns on the Charm

Jason Farago — Thu, 15 Oct 2009 03:35:00 CDT

Today's the day: Goldman Sachs is set to announce record profits in the third quarter, projected at $2.17 billion, and with it a compensation pool larger than Wall Street has ever seen. But the golden bank knows a PR disaster when it sees one—and has been mounting a...

Dow Up 21 After Rally Loses Steam

Nick McMaster — Mon, 12 Oct 2009 15:18:22 CDT

The stock indices ended mixed today after strong morning gains lost steam. The Dow hit a new high for 2009, 9931.82, off strong expectations for the third-quarter earnings. But profit-taking traders capitalized on recent gains, pushing the market lower; light trading volume on the Columbus Day holiday amplified their...

Stocks Drop on Citi, Retail Woes

Kevin Spak — Mon, 17 Nov 2008 08:49:33 CST

Stocks slid at the open, as Citigroup slashed jobs and retailers reported yet more disappointing results. The Dow lost 160 points, while the S&P and Nasdaq dropped 1.8% and 1.5% respectively. Among the big drops were Target and Lowe’s, which each took a 24% hit to their third-quarter...