U.S. a dim brightspot in the global economy

Oct 9, 2012
The third-quarter earnings season kicked off today with an ominous warning about global growth from the IMF. A weak consolation for Americans is that we are the only major economy where the IMF expects decent growth in the next year.
Posted In: IMF, Earnings, global economy

Earnings under spotlight as economy slows

Oct 8, 2012
Third-quarter earnings season begins this week, with some analysts predicting the first decline in S&P 500 profits since 2009.
Posted In: Earnings

Staples loses sales, Target nabs a profit

Aug 15, 2012
Shares in the office supply store Staples are down 15 percent this morning after the company said its sales dropped 5.5 percent last quarter. Meanwhile, the discount retailer Target said it made a $700 million profit last quarter
Posted In: staples, office, Earnings, Target

Pfizer profits jump despite loss of Lipitor patent

Jul 31, 2012
Pfizer seems to be weathering the loss of its patent for Lipitor just fine. The drug company says its second quarter profit jumped 25 percent. That's despite lower revenue, and competition from generics for its cholesterol-fighting blockbuster.
Posted In: Pfizer, Earnings, pharmaceuticals

BP oil earnings report shows signs of weakness

Jul 31, 2012
The British oil company BP is reporting a sharp drop in profits. The company made just $238 million last quarter, compared with more than $5 billion a year ago.
Posted In: BP, Oil, Earnings

GDP growth slows to 1.5%

Jul 27, 2012
The Commerce Department announced Gross Domestic Product ticked up 1.5 percent in the second quarter. That's down from a growth rate of 2 percent in the first part of the year.
Posted In: GDP, Earnings

Facebook reports slowdown in revenue growth

Jul 27, 2012
A lot of the earnings reports we've seen so far this week have been disappointing, including Facebook.
Posted In: Facebook, Earnings, revenue

FarmVille creator Zynga reports loss in second quarter

Jul 26, 2012
Yesterday after markets closed we got results from Zynga, the maker of Facebook games like FarmVille. And things ain't looking so good down on the farm.
Posted In: zynga, farmville, Earnings

Eurozone crisis hits Shell, other earnings

Jul 26, 2012
The crisis in the eurozone is hitting profits everywhere; Anglo-Dutch oil giant "Shell" is the latest. Shell says this morning earnings fell 13 percent compared to the same quarter last year. This follows a string of U.S. companies blaming Europe.
Posted In: Earnings, Shell, Eurozone

Facebook to report first earnings since IPO

Jul 26, 2012
Facebook has had a rocky road since it started selling shares and there are still big questions about Facebook's future. For instance: how, exactly, it plans to make money.
Posted In: Facebook, IPO, Earnings