quarterly profits news stories on Newser

Amazon Profit Plummets 73%

Neal Colgrass — Tue, 25 Oct 2011 18:27:00 CDT

Amazon.com's lavish spending has cut into profits and left investors rattled, the Wall Street Journal reports. The company announced a dizzying 73% drop in third-quarter profit today and saw its stock fall by 12%, or $28, to $198 in after-hours trading. The reason: Amazon is investing big-time in new...

In This Crappy Economy, Corporate Profits Soar

Kevin Spak — Tue, 05 Jul 2011 07:55:07 CDT

There's a whole lot of evidence that the US' economic recovery isn’t going well—unemployment remains too high, consumer lending too low, and consumer confidence in shambles—but one place you won’t find that evidence is on corporate balance sheets. US companies are poised to post big profits in the...

GM Doubles Estimates, Hits $3.2B Profit

Polly Davis Doig — Thu, 05 May 2011 09:05:33 CDT

That whole restructuring thing continues to be working out well for General Motors: The auto behemoth posted $3.2 billion in first-quarter profits today, including a $1.5 billion one-off from the sale of its share of Delphi and its stock in a former in-house lender. The number soundly beat...

Chrysler Turns 1st Profit Since Bankruptcy

Matt Cantor — Mon, 02 May 2011 08:09:27 CDT

Good news for Detroit: The Big Three automakers are all profitable once again. Chrysler has reported its first net profit since leaving bankruptcy nearly two years ago, with a net income of $116 million in the first quarter. The firm saw revenue jump 35% to $13.1 billion compared to...

GM Earns $2B in Q3

Matt Cantor — Wed, 10 Nov 2010 10:33:06 CST

General Motors has reported a $2 billion third-quarter profit, its biggest quarterly report in 11 years. The figure shows that GM doesn’t need to sell big to earn big anymore, writes Nick Bunkley in the New York Times . A week before its initial public offering—which will reduce the government's...

Goldman Profits Dive 83%

Jane Yager — Wed, 21 Jul 2010 05:54:00 CDT

Goldman Sachs fell short of analysts' estimates yesterday, posting an eye-popping 83% second-quarter drop in net income. Profits fell to $453 million, or 78 cents a share. Goldman executives said the fall in profit came as the exceptional trading conditions following the 2008 financial crisis evaporated, and investors remained pessimistic...

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...

Ford Shocks Street With $2.3B Profit

Jason Farago — Thu, 23 Jul 2009 06:39:03 CDT

Ford surprised the markets today by posting a $2.3 billion quarterly profit, thanks mostly to debt restructuring actions, Reuters reports. The result beat estimates and represents Ford's first good quarter in more than a year; this time in 2008, the automaker lost $2.7 billion. But the global downturn...

Apple Earnings Up 15% on iPhone, Mac Success

Nick McMaster — Tue, 21 Jul 2009 17:18:32 CDT

Apple reported a strong quarterly profit, beating analysts’ expectations by selling 5.2 million iPhones and 2.6 million Mac computers, MarketWatch reports. The firm reported earning $1.23 billion on revenue of $8.34 billion in the quarter ending June 26. Sales of iPhones were the highlight, as the...