Trading in the U.S. index futures suggest that Wall Street stocks may be on the road to recovery on Wednesday after yesterday's fiasco. Domestic earnings released after the markets closed yesterday were mostly positive, with Apple reporting stellar financial results. Earnings from Yahoo, AT&T and a few...
The European markets drifted lower on Wednesday after rising early in the session on the back of positive earnings reports, upbeat German consumer confidence data and Apple's record earnings unveiled after the U.S. closing bell Tuesday.
Oil prices resumed their fall on a firmer dollar and Greek stocks...
Shares of Antofagasta Plc declined around 3 percent in the morning trading in London after the mining company reported Wednesday lower production of copper and gold in fiscal 2014, primarily due to lower grades at Los Pelambres and Centinela.
Shares of Hennes & Mauritz AB or H&M were losing around 2 percent in the early morning trading in Stockholm after the Swedish apparel retailer reported Wednesday weak margins in its fourth quarter, despite higher profit and sales. In the new financial year, sales in the month of December 2014 increased 15 percent in local currencies and sales in January 2015 are expected to increase by 14 percent.
Here is a list of interesting earnings for Jan 28.
1.Northrim BanCorp, Inc. (NRIM) reported fourth quarter net income of $6.67 mln or $0.97 per share vs $2.68 mln or $0.40 per share a year ago.
Net interest income was $14.5 million in the fourth quarter compared to $11.5 million in the same quarter...
Chip-maker STMicroelectronics (STM) Wednesday reported a profit for the fourth quarter, compared to a loss last year, despite a decline in revenues. Looking ahead, the firm sees sequential drop in first-quarter revenues, amid a weak market.
Germany's consumer confidence improved strongly to a 13-year high at the start of the year, as a collapse in energy prices boosted disposable income and raised room for more spending, survey data from the GfK showed Wednesday. The forward-looking consumer confidence index rose more-than-expected to 9.3 in February from 9.0 in January. This was the highest value since November 2001.
Diversified miner Anglo American Plc. (AAUKY.PK, AAL.L) Wednesday reported increased production of iron ore at Kumba in the fourth quarter, adding that it expects to record charges for the full year owing to lower commodity prices.
European stocks are likely to open higher on Wednesday, with technology stocks likely to be in focus after Apple reported quarterly earnings that surpassed Wall Street's lofty expectations. The company posted a record $18 billion profit in the first quarter on the sale of 74.5 million iPhones.
Swiss drug maker Roche Holding AG reported Wednesday lower profit in its fiscal 2014, hurt by debt restructuring, impairments and restructuring costs. Sales, however, increased on solid growth in both divisions driven by newly launched medicines and diagnostic tests. Further, the company announced higher dividend, and said it sees constant exchange rate growth in fiscal 2015 core earnings and sale
German business software firm Software AG (STWRY.PK) Wednesday reported increased fourth-quarter profit from last year, even as revenues dropped. According to the company, the upward trend noted in the third quarter continued through the end of the year, in its typically strong period.
Shares of ABIOMED Inc. (ABMD) rose more than 27 per cent in extended trading on Tuesday, following stellar Q3 fiscal 2015 results - with profit and revenue well above analysts' expectations.
Shares of Yahoo surged 7 percent after it announced a tax-free spin-off of its remaining stake in Alibaba, bowing to demand that shareholders partake the priced investment. Also the company reported a decline in fourth-quarter profit, hurt by a drop in ad revenues and its search business was lackluster.
Apple Inc. said Tuesday after the markets closed that its first quarter profit rose 38% from last year, driven by all time record revenue from iPhone and Mac sales as well as record performance of its App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales.
AT&T Inc. (T) on Tuesday reported a fourth-quarter loss compared to a profit last year, hurt by one-time charges that offset a near four percent growth in revenues. Nonetheless, both adjusted earnings and revenues for the quarter came in ahead of Wall Street estimates, reflecting subscriber additions.