Wells Fargo Net profit second quarter 2011, Wells Fargo earnings report july 19 2011, Wells Fargo stock pries, Wells Fargo shares prices per share, Wells Fargo Net profit june 2011 : Wells Fargo & Co.'s (WFC) second-quarter earnings rose 29%, amid falling loan losses and strong demand for business loans. But Wells Fargo's massive consumer banking business continues to shrink, taking a toll on revenue, which fell 4.7%, to $20.4 billion. Improving revenue is a challenge for most banks in the difficult economy.
The nation's fourth largest bank by assets booked $1 billion less in its provision for loan losses than the actual amount of loans it charged off as uncollectable--a so-called reserve release. The overall provision fell by almost half, to $1.8 billion, helping the bank to its $3.9 billion profit.
The San Francisco bank is one of the nation's largest commercial lenders and has made efforts to expand business banking, including its capital markets business.
Commercial loans rose 7.5% from a year earlier and 4% from the first quarter, to $157 billion. The bank's commercial real estate business also continued to grow; commercial banking revenue rose 3% from the first quarter, to $5.6 billion.
Compared to the first quarter, consumer banking revenue was flat and overall revenue was virtually flat.
Wells Fargo reported a profit of 70 cents a share, up from 55 cents a year earlier. Analysts polled by Thomson Reuters most recently forecast earnings of 68 cents a share on revenue of $20.5 billion.
Wells Fargo was the first big bank to say in January it wanted to slim down, and on Tuesday specified that it wants to trim 12% off its expenses by the end of next year. Second quarter expenses fell 2% from a year earlier, to $12.5 billion. Banks are looking at expense cuts as they have trouble growing revenue.
The bank's net charge-offs, or loans lenders don't think are collectible, were down at 1.52% from 2.33% a year earlier and 1.73% in the prior quarter.
Wells Fargo's stock rose 2.4% to $27.52 in recent trading,
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Showing posts with label net profit. Show all posts
Showing posts with label net profit. Show all posts
Tuesday, July 19, 2011
Goldman Sachs earning report second quarter 2011
Goldman Sachs earning report second quarter 2011, Goldman Sachs Stock prices prediction 2011, Goldman Sachs net profit report july 19 2011, Goldman Sachs share prices per share july 2011 ; Goldman Sachs reported lower than expected second-quarter earnings, as the bank was hit by a slowdown in trading and its clients took cover from torrid financial markets.
Diluted earnings per share came in at $1.85 for the three months to the end of June, compared with expectations of about $2.27 a share. Analysts had already reduced their targets sharply in recent weeks.
Net revenues were $7.3bn compared with $8.8bn in the same period a year ago and $11.9bn in the first quarter, while net earnings were $1.1bn, up from $613m a year ago but down sharply from last quarter’s $2.7bn.
The sharpest decline came in the fixed-income, currency and commodities business, with revenues 53 per cent lower than the second quarter of 2010 at $1.6bn. This was attributed to “high levels of uncertainty and decreased levels of liquidity” that caused both the bank and its clients to shy away from risk.
Lloyd Blankfein, chief executive, said in a statement on Tuesday that Goldman had been hurt by “macroeconomic concerns” and “certain of our businesses had disappointing results as we reduced our market risk”.
Goldman’s results are the first negative surprise this earnings season. JPMorgan Chase and Citigroup both reported a better-than-expected performance, helped by their more diversified business models, which provided a buffer from weaker trading conditions.
Shares in Goldman fell $4.21, or 3.3 per cent, to $125.21 in pre-market trading on the news before recovering some ground to be down 1.3 per cent at $127.70 by mid-morning on Wall Street.
Diluted earnings per share of $1.85 were higher than the 78 cents of the same quarter last year. But that number was affected by the $550m settlement with the Securities and Exchange Commission to settle, without admitting wrongdoing, allegations of fraud in marketing structured mortgage products.
Some of Goldman’s businesses improved year-on-year, with equities up 19 per cent at $1.9bn on a better showing from derivatives. But commissions and fees were down, the group said, on lower client activity.
Investment banking revenues rose 54 per cent to $1.5bn on a strong showing from underwriting and advisory work. Investment management was up 12 per cent to $1.3bn. The bank’s own principal investments were flat, with net revenues of $1bn, including a loss of $176m from its stake in Industrial and Commercial Bank of China.
Goldman set aside $3.2bn for compensation, a 16 per cent reduction on last year, but a higher percentage of first-half net revenues at 44 per cent. Operating expenses were 23 per cent lower at $5.7bn.
Summary: Goldman Sachs (GS) Earnings Q2 2011
-. t re-. venues of $7.28 billion and net earnings of $1.09 billion for Q2. Earnings per share were $1.85 compared with $0.78 for the second quarter of 2010 and $1.56 for Q1 of 2011.
# As of 30 June 2011, total capital was $247.57 billion.
-. Investment Banking net revenues rose to $1.45 billion, up 54 percent from Q1 of 2011. Net revenues in Financial Advisory totaled $637 million, up 35 percent from Q2 2010.
-. Net revenues in Institutional Client Services were $3.52 billion, 29 percent lower than Q2 2010 and a 47 percent decrease from Q1 2011
-. Net revenues in Investing and Lending totaled $1.04 billion
-. Net revenues in Investment Management were $1.27 billion, representing a 12 percent increase over last year, primarily due to an increase in management and other fees. During the quarter, assets under management increased $4 billion to reach $844 billion.
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Diluted earnings per share came in at $1.85 for the three months to the end of June, compared with expectations of about $2.27 a share. Analysts had already reduced their targets sharply in recent weeks.
Net revenues were $7.3bn compared with $8.8bn in the same period a year ago and $11.9bn in the first quarter, while net earnings were $1.1bn, up from $613m a year ago but down sharply from last quarter’s $2.7bn.
The sharpest decline came in the fixed-income, currency and commodities business, with revenues 53 per cent lower than the second quarter of 2010 at $1.6bn. This was attributed to “high levels of uncertainty and decreased levels of liquidity” that caused both the bank and its clients to shy away from risk.
Lloyd Blankfein, chief executive, said in a statement on Tuesday that Goldman had been hurt by “macroeconomic concerns” and “certain of our businesses had disappointing results as we reduced our market risk”.
Goldman’s results are the first negative surprise this earnings season. JPMorgan Chase and Citigroup both reported a better-than-expected performance, helped by their more diversified business models, which provided a buffer from weaker trading conditions.
Shares in Goldman fell $4.21, or 3.3 per cent, to $125.21 in pre-market trading on the news before recovering some ground to be down 1.3 per cent at $127.70 by mid-morning on Wall Street.
Diluted earnings per share of $1.85 were higher than the 78 cents of the same quarter last year. But that number was affected by the $550m settlement with the Securities and Exchange Commission to settle, without admitting wrongdoing, allegations of fraud in marketing structured mortgage products.
Some of Goldman’s businesses improved year-on-year, with equities up 19 per cent at $1.9bn on a better showing from derivatives. But commissions and fees were down, the group said, on lower client activity.
Investment banking revenues rose 54 per cent to $1.5bn on a strong showing from underwriting and advisory work. Investment management was up 12 per cent to $1.3bn. The bank’s own principal investments were flat, with net revenues of $1bn, including a loss of $176m from its stake in Industrial and Commercial Bank of China.
Goldman set aside $3.2bn for compensation, a 16 per cent reduction on last year, but a higher percentage of first-half net revenues at 44 per cent. Operating expenses were 23 per cent lower at $5.7bn.
Summary: Goldman Sachs (GS) Earnings Q2 2011
-. t re-. venues of $7.28 billion and net earnings of $1.09 billion for Q2. Earnings per share were $1.85 compared with $0.78 for the second quarter of 2010 and $1.56 for Q1 of 2011.
# As of 30 June 2011, total capital was $247.57 billion.
-. Investment Banking net revenues rose to $1.45 billion, up 54 percent from Q1 of 2011. Net revenues in Financial Advisory totaled $637 million, up 35 percent from Q2 2010.
-. Net revenues in Institutional Client Services were $3.52 billion, 29 percent lower than Q2 2010 and a 47 percent decrease from Q1 2011
-. Net revenues in Investing and Lending totaled $1.04 billion
-. Net revenues in Investment Management were $1.27 billion, representing a 12 percent increase over last year, primarily due to an increase in management and other fees. During the quarter, assets under management increased $4 billion to reach $844 billion.
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Bank of America (BAC) earning report second quarter 2011
Bank of America (BAC) earning report second quarter 2011, Bank of America (BAC) 19 july 2011, Bank of America (BAC) net profit q2 2011, ; Bank of America (BAC) reported a loss of $9.1 billion during the second quarter, partly due to an $8.5 billion settlement with investors. That agreement, reached in June, settled claims that the bank had sold the investors poor-quality mortgage bonds.
The bank has been hamstrung by litigation and demands from investors who want Bank of America to buy back the bonds that it sold years ago. In the quarter, the bank set aside an additional $1.9 billion to fight litigation bringing the total mortgage-related charges in the second quarter to $20.7 billion. The bank does not disclose the total amount reserved for litigation costs.
The reported loss available to common shareholders was 90 cents a share, wider than the 85 cents a share loss expected by analysts surveyed by FactSet. Excluding charges related to investor settlements, Bank of America earned $3.7 billion, or 33 cents a share. That compares with net income of $3.1 billion, or 27 cents a share, in the same quarter last year. The bank's revenue declined 54% to $13.2 billion from $29.1 billion in the same period last year.
While several of the bank's businesses reported positive earnings, almost all of them saw declines in revenue. Loan losses in its consumer businesses dropped for the fifth consecutive quarter. More of the bank's customers paid on time, which led to a 60% decline in the amount the bank puts aside for credit losses from last year.
Bank of America's credit card division reported income of $2 billion, up $1.2 billion from the year-ago quarter, as customers paid on time. However, revenue declined $1.4 billion.
Commercial banking was another bright spot, reporting net income of $1.4 billion, up $566 million from a year ago. But revenue in the division decreased $73 million from a year ago. For the latest updates PRESS CTR + D or visit Stock Market news Today
The bank has been hamstrung by litigation and demands from investors who want Bank of America to buy back the bonds that it sold years ago. In the quarter, the bank set aside an additional $1.9 billion to fight litigation bringing the total mortgage-related charges in the second quarter to $20.7 billion. The bank does not disclose the total amount reserved for litigation costs.
The reported loss available to common shareholders was 90 cents a share, wider than the 85 cents a share loss expected by analysts surveyed by FactSet. Excluding charges related to investor settlements, Bank of America earned $3.7 billion, or 33 cents a share. That compares with net income of $3.1 billion, or 27 cents a share, in the same quarter last year. The bank's revenue declined 54% to $13.2 billion from $29.1 billion in the same period last year.
While several of the bank's businesses reported positive earnings, almost all of them saw declines in revenue. Loan losses in its consumer businesses dropped for the fifth consecutive quarter. More of the bank's customers paid on time, which led to a 60% decline in the amount the bank puts aside for credit losses from last year.
Bank of America's credit card division reported income of $2 billion, up $1.2 billion from the year-ago quarter, as customers paid on time. However, revenue declined $1.4 billion.
Commercial banking was another bright spot, reporting net income of $1.4 billion, up $566 million from a year ago. But revenue in the division decreased $73 million from a year ago. For the latest updates PRESS CTR + D or visit Stock Market news Today
Monday, July 18, 2011
National Bank of Oman Net profit in Q2 2011
National Bank of Oman Net profit in Q2 2011 ; Bank of Oman (NBO) on Sunday reported a 13.8 percent increase in second quarter net profit, beating analysts estimates on the back of increased lending and a rise in customer deposits.
The lender made a net profit of 9.1 million rials ($23.64 million) for the three month period ending June 30 compared with 8 million rials in the prior-year period.
Analysts polled by Reuters had estimated an average second quarter profit of 7.48 million rials.
Profit for the first six months rose 17 percent over the same period last year to 17.1 million rials, NBO said in a statement to Muscat bourse.
Loans grew 10 percent in the first half, while deposits rose 11 percent, the statement said.
In March, NBO shareholders approved a $600 million bond programme at an annual general meeting.
The euro medium term notes (EMTN) programme will allow the bank to issue bonds through public subscription or private placement in different currencies and on varying terms.
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The lender made a net profit of 9.1 million rials ($23.64 million) for the three month period ending June 30 compared with 8 million rials in the prior-year period.
Analysts polled by Reuters had estimated an average second quarter profit of 7.48 million rials.
Profit for the first six months rose 17 percent over the same period last year to 17.1 million rials, NBO said in a statement to Muscat bourse.
Loans grew 10 percent in the first half, while deposits rose 11 percent, the statement said.
In March, NBO shareholders approved a $600 million bond programme at an annual general meeting.
The euro medium term notes (EMTN) programme will allow the bank to issue bonds through public subscription or private placement in different currencies and on varying terms.
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Saturday, July 16, 2011
WestAmerica Bancorp Earnings analysts Preview for july 19 2011
WestAmerica Bancorp Earnings analysts Preview for july 19 2011 ; WestAmerica Bancorp (Nasdaq: WABC ) came in under analyst's estimates last quarter but now has a chance to fix things. The company will unveil its latest earnings on Tuesday, July 19. WestAmerica Bancorp provides a range of banking services to individual and corporate customers in Northern and Central California through its subsidiary, Westamerica Bank.
What analysts say:
* Buy, sell, or hold?: Analysts think investors should stand pat on WestAmerica Bancorp, with six of nine analysts rating it a hold. Analysts like WestAmerica Bancorp better than competitor Cathay General Bancorp overall. One out of 13 analysts rates Cathay General Bancorp a buy, compared with two of nine for WestAmerica Bancorp.
* Revenue forecasts: On average, analysts predict $67.8 million in revenue this quarter. That would represent a decline of 6.3% from the year-ago quarter.
* Wall Street earnings expectations: The average analyst estimate is earnings of $0.78 per share. Estimates range from $0.73 to $0.79.
What our community says:
Most CAPS All-Stars are skeptical of WABC's prospects, with 78.1% giving it an "underperform" rating. Like the All-Stars, the community is also not a fan of WestAmerica Bancorp, with 67.5% granting it "underperform" rating. The message boards have been quiet lately, with only 32 posts in the past 30 days. WestAmerica Bancorp's bearish CAPS rating of one out of five stars falls short of the Fool community's sentiment.
Management:
WestAmerica Bancorp's income has fallen year over year by an average of 2.8%. Revenue has fallen for the past three quarters.
Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters.
One final thing: If you want to keep tabs on WestAmerica Bancorp's movements, and for more analysis on the compan
WestAmerica Bancorp stock prices prediction 2011, WABC shares prices forecast july 2011, WABC stock prices predictions 2011,westamerica bank corp For the latest updates PRESS CTR + D or visit Stock Market news Today
What analysts say:
* Buy, sell, or hold?: Analysts think investors should stand pat on WestAmerica Bancorp, with six of nine analysts rating it a hold. Analysts like WestAmerica Bancorp better than competitor Cathay General Bancorp overall. One out of 13 analysts rates Cathay General Bancorp a buy, compared with two of nine for WestAmerica Bancorp.
* Revenue forecasts: On average, analysts predict $67.8 million in revenue this quarter. That would represent a decline of 6.3% from the year-ago quarter.
* Wall Street earnings expectations: The average analyst estimate is earnings of $0.78 per share. Estimates range from $0.73 to $0.79.
What our community says:
Most CAPS All-Stars are skeptical of WABC's prospects, with 78.1% giving it an "underperform" rating. Like the All-Stars, the community is also not a fan of WestAmerica Bancorp, with 67.5% granting it "underperform" rating. The message boards have been quiet lately, with only 32 posts in the past 30 days. WestAmerica Bancorp's bearish CAPS rating of one out of five stars falls short of the Fool community's sentiment.
Management:
WestAmerica Bancorp's income has fallen year over year by an average of 2.8%. Revenue has fallen for the past three quarters.
Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters.
| Quarter | Q1 | Q4 | Q3 | Q2 |
| Net Margin | 33.3% | 33.9% | 33.7% | 33.3% |
One final thing: If you want to keep tabs on WestAmerica Bancorp's movements, and for more analysis on the compan
WestAmerica Bancorp stock prices prediction 2011, WABC shares prices forecast july 2011, WABC stock prices predictions 2011,westamerica bank corp For the latest updates PRESS CTR + D or visit Stock Market news Today
Saudi Basic Industries Corp (Sabic) net profit second-quarter 2011
Saudi Basic Industries Corp (Sabic) net profit second-quarter 2011 : Saudi Basic Industries Corp. (2010.SA), or Sabic, the Middle East's largest listed company, said Saturday its second-quarter net profit surged 61% to 8.1 billion Saudi riyals ($2.2 billion) on increased production and sales, driven by a recovery in demand and low raw materials costs.
The result was well above analyst expectations at Credit Suisse and Riyadh- based NCB Capital, which had expected Sabic to post a second-quarter net profit of SAR7.16 billion and SAR7.69 billion respectively.
First-half earnings per share came in at SAR5.26, compared with SAR3.48 a year earlier, the plastics, chemicals and metals company said in a statement posted on the Saudi bourse website.
Sabic attributed the rise in quarterly profit to an increase in production and sales volumes as well as an improvement in prices for most of the products. For the latest updates PRESS CTR + D or visit Stock Market news Today
The result was well above analyst expectations at Credit Suisse and Riyadh- based NCB Capital, which had expected Sabic to post a second-quarter net profit of SAR7.16 billion and SAR7.69 billion respectively.
First-half earnings per share came in at SAR5.26, compared with SAR3.48 a year earlier, the plastics, chemicals and metals company said in a statement posted on the Saudi bourse website.
Sabic attributed the rise in quarterly profit to an increase in production and sales volumes as well as an improvement in prices for most of the products. For the latest updates PRESS CTR + D or visit Stock Market news Today
Friday, July 15, 2011
Company Earning Date July 19 2011, Stocks to Watch
Company Earning Date July 19 2011, Stocks to Watch : Investors should certainly prepare themselves for earnings season by reviewing the expectations and recent performance of stocks held in their portfolios. That said, be cautious about buying or selling into earnings
BK The Bank of New York Mellon Corporation 7/19/2011 6:30
BAC Bank of America Corporation 7/19/2011 7:00
WFC Wells Fargo & Company 7/19/2011 8:00
AOS AO Smith Corp. 7/19/2011 8:30
ASRV AmeriServ Financial, Inc. 7/19/2011 8:30
BTU Peabody Energy Corp. 7/19/2011 8:30
CMA Comerica Incorporated 7/19/2011 8:30
FRX Forest Laboratories Inc. 7/19/2011 8:30
GS The Goldman Sachs Group, Inc. 7/19/2011 8:30
GWW W.W. Grainger, Inc. 7/19/2011 8:30
HOG Harley-Davidson, Inc. 7/19/2011 8:30
KNL Knoll Inc. 7/19/2011 8:30
KO The Coca-Cola Company 7/19/2011 8:30
PII Polaris Industries, Inc. 7/19/2011 8:30
SBIB Sterling Bancshares Inc. 7/19/2011 8:30
STT State Street Corp. 7/19/2011 8:30
UNH Unitedhealth Group, Inc. 7/19/2011 8:30
AAPL Apple Inc. 7/19/2011
AMTD TD AMERITRADE Holding Corporation 7/19/2011
CTBI Community Trust Bancorp Inc. 7/19/2011
DIT AMCON Distributing Co. 7/19/2011
EMCF Emclaire Financial Corp. 7/19/2011
FMFC First M&F Corp. 7/19/2011
IEC IEC Electronics Corp. 7/19/2011
ISRG Intuitive Surgical, Inc. 7/19/2011
JNJ Johnson & Johnson 7/19/2011
KEY KeyCorp 7/19/2011
MBWM Mercantile Bank Corp. 7/19/2011
MEG Media General, Inc. 7/19/2011
MLI Mueller Industries Inc. 7/19/2011
PULB Pulaski Financial Corporation 7/19/2011
TESS TESSCO Technologies Inc. 7/19/2011
WABC Westamerica Bancorp. 7/19/2011
WFD Westfield Financial Inc. 7/19/2011
YHOO Yahoo! Inc. 7/19/2011
SYK Stryker Corp. 7/19/2011 16:00
AEHR Aehr Test Systems 7/19/2011 16:30
ALTR Altera Corp. 7/19/2011 16:30
ATR AptarGroup, Inc. 7/19/2011 16:30
BANF BancFirst Corporation 7/19/2011 16:30
CCK Crown Holdings Inc. 7/19/2011 16:30
CMG Chipotle Mexican Grill, Inc. 7/19/2011 16:30
CSX CSX Corp. 7/19/2011 16:30
FIS Fidelity National Information Services, Inc. 7/19/2011 16:30
FULT Fulton Financial Corp. 7/19/2011 16:30
INFN Infinera Corporation 7/19/2011 16:30
KED Kayne Anderson Energy Development Company 7/19/2011 16:30
MANH Manhattan Associates, Inc. 7/19/2011 16:30
MRTN Marten Transport Ltd. 7/19/2011 16:30
PNFP Pinnacle Financial Partners Inc. 7/19/2011 16:30
PTP Platinum Underwriters Holdings Ltd. 7/19/2011 16:30
RNST Renasant Corp. 7/19/2011 16:30
RVBD Riverbed Technology, Inc. 7/19/2011 16:30
TCO Taubman Centers Inc. 7/19/2011 16:30
URI United Rentals, Inc. 7/19/2011 16:30
VMW VMware, Inc. 7/19/2011 16:30
WCN Waste Connections Inc. 7/19/2011 16:30 For the latest updates PRESS CTR + D or visit Stock Market news Today
BK The Bank of New York Mellon Corporation 7/19/2011 6:30
BAC Bank of America Corporation 7/19/2011 7:00
WFC Wells Fargo & Company 7/19/2011 8:00
AOS AO Smith Corp. 7/19/2011 8:30
ASRV AmeriServ Financial, Inc. 7/19/2011 8:30
BTU Peabody Energy Corp. 7/19/2011 8:30
CMA Comerica Incorporated 7/19/2011 8:30
FRX Forest Laboratories Inc. 7/19/2011 8:30
GS The Goldman Sachs Group, Inc. 7/19/2011 8:30
GWW W.W. Grainger, Inc. 7/19/2011 8:30
HOG Harley-Davidson, Inc. 7/19/2011 8:30
KNL Knoll Inc. 7/19/2011 8:30
KO The Coca-Cola Company 7/19/2011 8:30
PII Polaris Industries, Inc. 7/19/2011 8:30
SBIB Sterling Bancshares Inc. 7/19/2011 8:30
STT State Street Corp. 7/19/2011 8:30
UNH Unitedhealth Group, Inc. 7/19/2011 8:30
AAPL Apple Inc. 7/19/2011
AMTD TD AMERITRADE Holding Corporation 7/19/2011
CTBI Community Trust Bancorp Inc. 7/19/2011
DIT AMCON Distributing Co. 7/19/2011
EMCF Emclaire Financial Corp. 7/19/2011
FMFC First M&F Corp. 7/19/2011
IEC IEC Electronics Corp. 7/19/2011
ISRG Intuitive Surgical, Inc. 7/19/2011
JNJ Johnson & Johnson 7/19/2011
KEY KeyCorp 7/19/2011
MBWM Mercantile Bank Corp. 7/19/2011
MEG Media General, Inc. 7/19/2011
MLI Mueller Industries Inc. 7/19/2011
PULB Pulaski Financial Corporation 7/19/2011
TESS TESSCO Technologies Inc. 7/19/2011
WABC Westamerica Bancorp. 7/19/2011
WFD Westfield Financial Inc. 7/19/2011
YHOO Yahoo! Inc. 7/19/2011
SYK Stryker Corp. 7/19/2011 16:00
AEHR Aehr Test Systems 7/19/2011 16:30
ALTR Altera Corp. 7/19/2011 16:30
ATR AptarGroup, Inc. 7/19/2011 16:30
BANF BancFirst Corporation 7/19/2011 16:30
CCK Crown Holdings Inc. 7/19/2011 16:30
CMG Chipotle Mexican Grill, Inc. 7/19/2011 16:30
CSX CSX Corp. 7/19/2011 16:30
FIS Fidelity National Information Services, Inc. 7/19/2011 16:30
FULT Fulton Financial Corp. 7/19/2011 16:30
INFN Infinera Corporation 7/19/2011 16:30
KED Kayne Anderson Energy Development Company 7/19/2011 16:30
MANH Manhattan Associates, Inc. 7/19/2011 16:30
MRTN Marten Transport Ltd. 7/19/2011 16:30
PNFP Pinnacle Financial Partners Inc. 7/19/2011 16:30
PTP Platinum Underwriters Holdings Ltd. 7/19/2011 16:30
RNST Renasant Corp. 7/19/2011 16:30
RVBD Riverbed Technology, Inc. 7/19/2011 16:30
TCO Taubman Centers Inc. 7/19/2011 16:30
URI United Rentals, Inc. 7/19/2011 16:30
VMW VMware, Inc. 7/19/2011 16:30
WCN Waste Connections Inc. 7/19/2011 16:30 For the latest updates PRESS CTR + D or visit Stock Market news Today
Earnings calendar for July 18 2011
Earnings calendar for July 18 2011 : Earnings reports are significant events for every stock. Not only does management tell investors what has been happening in the business over the past 90 days, but most companies also give updated guidance concerning the next quarter and/or fiscal year. Analysts and institutional investors pay keen attention to these reports and management commentary and it is common for stocks to experience large percentage moves on higher-than-normal value.
Ticker Company Earning Date
CHINA , CDC Corporation 7/18/2011 8:30
CHKP , Check Point Software Technologies Ltd. 7/18/2011 8:30
EDU, New Oriental Education & Technology Group 7/18/2011 8:30
GCI Gannett Co., Inc. 7/18/2011 8:30
ABCB Ameris Bancorp 7/18/2011
ACU Acme United Corp. 7/18/2011
AMNB American National Bankshares Inc. 7/18/2011
AMR AMR Corporation 7/18/2011
AMRB American River Bankshares 7/18/2011
AMZN Amazon.com Inc. 7/18/2011
ANTP Phazar Corp. 7/18/2011
APPY AspenBio Pharma Inc. 7/18/2011
ATRM Aetrium Inc. 7/18/2011
BCR CR Bard Inc. 7/18/2011
BCSB BCSB Bankcorp Inc. 7/18/2011
BDGE Bridge Bancorp, Inc. 7/18/2011
BHO B+H Ocean Carriers Ltd. 7/18/2011
BIDU Baidu, Inc. 7/18/2011
BLUD Immucor Inc. 7/18/2011
BNCL Beneficial Mutual Bancorp Inc. 7/18/2011
BRO Brown & Brown Inc. 7/18/2011
BSX Boston Scientific Corporation 7/18/2011
CART Carolina Trust Bank 7/18/2011
CASS Cass Information Systems Inc. 7/18/2011
CBAN Colony Bankcorp Inc. 7/18/2011
CBNK Chicopee Bancorp, Inc. 7/18/2011
CBU Community Bank System Inc. 7/18/2011
CKH Seacor Holdings Inc. 7/18/2011
COF Capital One Financial Corp. 7/18/2011
CSFL CenterState Banks, Inc. 7/18/2011
CSGP CoStar Group Inc. 7/18/2011
CTAS Cintas Corporation 7/18/2011
CTO Consolidated Tomoka Land Co. 7/18/2011
CVLY Codorus Valley Bancorp Inc. 7/18/2011
CVTI Covenant Transportation Group, Inc. 7/18/2011
CWBC Community West Bancshares 7/18/2011
CYBI Cybex International Inc. 7/18/2011
DAIO Data I/O Corp. 7/18/2011
DAL Delta Air Lines Inc. 7/18/2011
DEAR Dearborn Bancorp Inc. 7/18/2011
DHRM Dehaier Medical Systems Limited 7/18/2011
DXPE DXP Enterprises Inc. 7/18/2011
ECBE ECB Bancorp Inc. 7/18/2011
ELGX Endologix Inc. 7/18/2011
ESBF ESB Financial Corp. 7/18/2011
ETRM EnteroMedics, Inc. 7/18/2011
FCCO First Community Corporation 7/18/2011
FFKT Farmers Capital Bank Corp. 7/18/2011
FFNW First Financial Northwest, Inc. 7/18/2011
FLIR FLIR Systems, Inc. 7/18/2011
FNF Fidelity National Financial, Inc. 7/18/2011
FNLC The First Bancorp, Inc. 7/18/2011
FRBK Republic First Bancorp Inc. 7/18/2011
FSBI Fidelity Bancorp Inc. 7/18/2011
FTNT Fortinet Inc. 7/18/2011
GHL Greenhill & Co., Inc. 7/18/2011
GNTX Gentex Corp. 7/18/2011
GRNB Green Bankshares, Inc. 7/18/2011
GSIG GSI Group Inc. 7/18/2011
HAL Halliburton Company 7/18/2011
HARL Harleysville Savings Financial Corporation 7/18/2011
HAS Hasbro Inc. 7/18/2011
HBNC Horizon Bancorp. 7/18/2011
HCBK Hudson City Bancorp, Inc. 7/18/2011
HIFS Hingham Institution for Savings 7/18/2011
HMNF HMN Financial Inc. 7/18/2011
HRZ Horizon Lines, Inc. 7/18/2011
HSKA Heska Corp. 7/18/2011
HTBK Heritage Commerce Corp. 7/18/2011
HTLD Heartland Express, Inc. 7/18/2011
INSW InsWeb Corp. 7/18/2011
JAKK JAKKS Pacific, Inc. 7/18/2011
JFBI Jefferson Bancshares Inc. 7/18/2011
KAI Kadant Inc. 7/18/2011
KMP Kinder Morgan Energy Partners LP 7/18/2011
LAB LaBranche & Co. Inc. 7/18/2011
LPS Lender Processing Services, Inc. 7/18/2011
LTBR Lightbridge Corp. 7/18/2011
METR Metro Bancorp, Inc. 7/18/2011
MI Marshall & Ilsley Corporation 7/18/2011
MMR McMoRan Exploration Co. 7/18/2011
MOFG MidWest One Financial Group, Inc. 7/18/2011
MTB M&T Bank Corp. 7/18/2011
MTG MGIC Investment Corp. 7/18/2011
MTSN Mattson Technology Inc. 7/18/2011
MUSA Metals USA Holdings Corp. 7/18/2011
NBBC NewBridge Bancorp 7/18/2011
NCBC New Century Bancorp Inc. 7/18/2011
NEBS New England Bancshares Inc. 7/18/2011
NEE NextEra Energy, Inc. 7/18/2011
NFLX Netflix, Inc. 7/18/2011
NFSB Newport Bancorp Inc. 7/18/2011
NTGR Netgear Inc. 7/18/2011
NVR NVR Inc. 7/18/2011
NVSLD Naugatuck Valley Financial Corp 7/18/2011
NWBI Northwest Bancshares, Inc. 7/18/2011
OFLX OmegaFlex, Inc. 7/18/2011
OMC Omnicom Group Inc. 7/18/2011
ONFC Oneida Financial Corp. 7/18/2011
ORI Old Republic International Corp. 7/18/2011
ORRF Orrstown Financial Services Inc. 7/18/2011
OVLY Oak Valley Bancorp 7/18/2011
PBHC Pathfinder Bancorp Inc. 7/18/2011
PBIB Porter Bancorp Inc. 7/18/2011
PCBS Provident Community Bancshares, Inc. 7/18/2011
PCP Precision Castparts Corp. 7/18/2011
PEOP Peoples Federal Bancshares, Inc. 7/18/2011
PETS PetMed Express Inc. 7/18/2011
PLD ProLogis 7/18/2011
PPBI Pacific Premier Bancorp Inc. 7/18/2011
PPD Pre-Paid Legal Services, Inc. 7/18/2011
PRK Park National Corp. 7/18/2011
PROJ Deltek, Inc 7/18/2011
PRWT Premierwest Bancorp 7/18/2011
RAS RAIT Financial Trust 7/18/2011
RELL Richardson Electronics Ltd. 7/18/2011
RIVR River Valley Bancorp 7/18/2011
ROMA Roma Financial Corp. 7/18/2011
SAPX Seven Arts Pictures plc 7/18/2011
SAVB Savannah Bancorp Inc. 7/18/2011
SBSI Southside Bancshares Inc. 7/18/2011
SCHW Charles Schwab Corp. 7/18/2011
SEIC SEI Investments Co. 7/18/2011
SOCB Southcoast Financial Corp. 7/18/2011
SONA Southern National Bancorp of Virginia Inc. 7/18/2011
SRCE 1st Source Corporation 7/18/2011
STBC State Bancorp Inc. 7/18/2011
SVBI Severn Bancorp Inc. 7/18/2011
SWK Stanley Black & Decker, Inc. 7/18/2011
SYNT Syntel, Inc. 7/18/2011
THFF First Financial Corp. 7/18/2011
TRST TrustCo Bank Corp. NY 7/18/2011
TSH Teche Holding Company 7/18/2011
TVL LIN TV Corp. 7/18/2011
TZOO Travelzoo Inc. 7/18/2011
UAL United Continental Holdings, Inc. 7/18/2011
UBSH Union First Market Bankshares Corporation 7/18/2011
UHT Universal Health Realty Income Trust 7/18/2011
UNB Union Bankshares Inc. 7/18/2011
UNTY Unity Bancorp Inc. 7/18/2011
USG USG Corporation 7/18/2011
WAL Western Alliance Bancorporation 7/18/2011
WASH Washington Trust Bancorp Inc. 7/18/2011
WAYN Wayne Savings Bancshares Inc. 7/18/2011
WEST Akeena Solar, Inc. 7/18/2011
WNI Schiff Nutrition International Inc. 7/18/2011
WNS WNS (Holdings) Ltd. 7/18/2011
WOOF VCA Antech Inc. 7/18/2011
WSO Watsco Inc. 7/18/2011
YAVY Yadkin Valley Financial Corp. 7/18/2011
YDNT Young Innovations Inc. 7/18/2011
ELS Equity LifeStyle Properties, Inc. 7/18/2011 16:30
IBM International Business Machines Corp. 7/18/2011 16:30
ICUI ICU Medical, Inc. 7/18/2011 16:30
LNCR Lincare Holdings Inc. 7/18/2011 16:30
MOS Mosaic Co. 7/18/2011 16:30
PKG Packaging Corp. of America 7/18/2011 16:30
STLD Steel Dynamics Inc. 7/18/2011 16:30
ZION Zions Bancorp. 7/18/2011 16:30 For the latest updates PRESS CTR + D or visit Stock Market news Today
Ticker Company Earning Date
CHINA , CDC Corporation 7/18/2011 8:30
CHKP , Check Point Software Technologies Ltd. 7/18/2011 8:30
EDU, New Oriental Education & Technology Group 7/18/2011 8:30
GCI Gannett Co., Inc. 7/18/2011 8:30
ABCB Ameris Bancorp 7/18/2011
ACU Acme United Corp. 7/18/2011
AMNB American National Bankshares Inc. 7/18/2011
AMR AMR Corporation 7/18/2011
AMRB American River Bankshares 7/18/2011
AMZN Amazon.com Inc. 7/18/2011
ANTP Phazar Corp. 7/18/2011
APPY AspenBio Pharma Inc. 7/18/2011
ATRM Aetrium Inc. 7/18/2011
BCR CR Bard Inc. 7/18/2011
BCSB BCSB Bankcorp Inc. 7/18/2011
BDGE Bridge Bancorp, Inc. 7/18/2011
BHO B+H Ocean Carriers Ltd. 7/18/2011
BIDU Baidu, Inc. 7/18/2011
BLUD Immucor Inc. 7/18/2011
BNCL Beneficial Mutual Bancorp Inc. 7/18/2011
BRO Brown & Brown Inc. 7/18/2011
BSX Boston Scientific Corporation 7/18/2011
CART Carolina Trust Bank 7/18/2011
CASS Cass Information Systems Inc. 7/18/2011
CBAN Colony Bankcorp Inc. 7/18/2011
CBNK Chicopee Bancorp, Inc. 7/18/2011
CBU Community Bank System Inc. 7/18/2011
CKH Seacor Holdings Inc. 7/18/2011
COF Capital One Financial Corp. 7/18/2011
CSFL CenterState Banks, Inc. 7/18/2011
CSGP CoStar Group Inc. 7/18/2011
CTAS Cintas Corporation 7/18/2011
CTO Consolidated Tomoka Land Co. 7/18/2011
CVLY Codorus Valley Bancorp Inc. 7/18/2011
CVTI Covenant Transportation Group, Inc. 7/18/2011
CWBC Community West Bancshares 7/18/2011
CYBI Cybex International Inc. 7/18/2011
DAIO Data I/O Corp. 7/18/2011
DAL Delta Air Lines Inc. 7/18/2011
DEAR Dearborn Bancorp Inc. 7/18/2011
DHRM Dehaier Medical Systems Limited 7/18/2011
DXPE DXP Enterprises Inc. 7/18/2011
ECBE ECB Bancorp Inc. 7/18/2011
ELGX Endologix Inc. 7/18/2011
ESBF ESB Financial Corp. 7/18/2011
ETRM EnteroMedics, Inc. 7/18/2011
FCCO First Community Corporation 7/18/2011
FFKT Farmers Capital Bank Corp. 7/18/2011
FFNW First Financial Northwest, Inc. 7/18/2011
FLIR FLIR Systems, Inc. 7/18/2011
FNF Fidelity National Financial, Inc. 7/18/2011
FNLC The First Bancorp, Inc. 7/18/2011
FRBK Republic First Bancorp Inc. 7/18/2011
FSBI Fidelity Bancorp Inc. 7/18/2011
FTNT Fortinet Inc. 7/18/2011
GHL Greenhill & Co., Inc. 7/18/2011
GNTX Gentex Corp. 7/18/2011
GRNB Green Bankshares, Inc. 7/18/2011
GSIG GSI Group Inc. 7/18/2011
HAL Halliburton Company 7/18/2011
HARL Harleysville Savings Financial Corporation 7/18/2011
HAS Hasbro Inc. 7/18/2011
HBNC Horizon Bancorp. 7/18/2011
HCBK Hudson City Bancorp, Inc. 7/18/2011
HIFS Hingham Institution for Savings 7/18/2011
HMNF HMN Financial Inc. 7/18/2011
HRZ Horizon Lines, Inc. 7/18/2011
HSKA Heska Corp. 7/18/2011
HTBK Heritage Commerce Corp. 7/18/2011
HTLD Heartland Express, Inc. 7/18/2011
INSW InsWeb Corp. 7/18/2011
JAKK JAKKS Pacific, Inc. 7/18/2011
JFBI Jefferson Bancshares Inc. 7/18/2011
KAI Kadant Inc. 7/18/2011
KMP Kinder Morgan Energy Partners LP 7/18/2011
LAB LaBranche & Co. Inc. 7/18/2011
LPS Lender Processing Services, Inc. 7/18/2011
LTBR Lightbridge Corp. 7/18/2011
METR Metro Bancorp, Inc. 7/18/2011
MI Marshall & Ilsley Corporation 7/18/2011
MMR McMoRan Exploration Co. 7/18/2011
MOFG MidWest One Financial Group, Inc. 7/18/2011
MTB M&T Bank Corp. 7/18/2011
MTG MGIC Investment Corp. 7/18/2011
MTSN Mattson Technology Inc. 7/18/2011
MUSA Metals USA Holdings Corp. 7/18/2011
NBBC NewBridge Bancorp 7/18/2011
NCBC New Century Bancorp Inc. 7/18/2011
NEBS New England Bancshares Inc. 7/18/2011
NEE NextEra Energy, Inc. 7/18/2011
NFLX Netflix, Inc. 7/18/2011
NFSB Newport Bancorp Inc. 7/18/2011
NTGR Netgear Inc. 7/18/2011
NVR NVR Inc. 7/18/2011
NVSLD Naugatuck Valley Financial Corp 7/18/2011
NWBI Northwest Bancshares, Inc. 7/18/2011
OFLX OmegaFlex, Inc. 7/18/2011
OMC Omnicom Group Inc. 7/18/2011
ONFC Oneida Financial Corp. 7/18/2011
ORI Old Republic International Corp. 7/18/2011
ORRF Orrstown Financial Services Inc. 7/18/2011
OVLY Oak Valley Bancorp 7/18/2011
PBHC Pathfinder Bancorp Inc. 7/18/2011
PBIB Porter Bancorp Inc. 7/18/2011
PCBS Provident Community Bancshares, Inc. 7/18/2011
PCP Precision Castparts Corp. 7/18/2011
PEOP Peoples Federal Bancshares, Inc. 7/18/2011
PETS PetMed Express Inc. 7/18/2011
PLD ProLogis 7/18/2011
PPBI Pacific Premier Bancorp Inc. 7/18/2011
PPD Pre-Paid Legal Services, Inc. 7/18/2011
PRK Park National Corp. 7/18/2011
PROJ Deltek, Inc 7/18/2011
PRWT Premierwest Bancorp 7/18/2011
RAS RAIT Financial Trust 7/18/2011
RELL Richardson Electronics Ltd. 7/18/2011
RIVR River Valley Bancorp 7/18/2011
ROMA Roma Financial Corp. 7/18/2011
SAPX Seven Arts Pictures plc 7/18/2011
SAVB Savannah Bancorp Inc. 7/18/2011
SBSI Southside Bancshares Inc. 7/18/2011
SCHW Charles Schwab Corp. 7/18/2011
SEIC SEI Investments Co. 7/18/2011
SOCB Southcoast Financial Corp. 7/18/2011
SONA Southern National Bancorp of Virginia Inc. 7/18/2011
SRCE 1st Source Corporation 7/18/2011
STBC State Bancorp Inc. 7/18/2011
SVBI Severn Bancorp Inc. 7/18/2011
SWK Stanley Black & Decker, Inc. 7/18/2011
SYNT Syntel, Inc. 7/18/2011
THFF First Financial Corp. 7/18/2011
TRST TrustCo Bank Corp. NY 7/18/2011
TSH Teche Holding Company 7/18/2011
TVL LIN TV Corp. 7/18/2011
TZOO Travelzoo Inc. 7/18/2011
UAL United Continental Holdings, Inc. 7/18/2011
UBSH Union First Market Bankshares Corporation 7/18/2011
UHT Universal Health Realty Income Trust 7/18/2011
UNB Union Bankshares Inc. 7/18/2011
UNTY Unity Bancorp Inc. 7/18/2011
USG USG Corporation 7/18/2011
WAL Western Alliance Bancorporation 7/18/2011
WASH Washington Trust Bancorp Inc. 7/18/2011
WAYN Wayne Savings Bancshares Inc. 7/18/2011
WEST Akeena Solar, Inc. 7/18/2011
WNI Schiff Nutrition International Inc. 7/18/2011
WNS WNS (Holdings) Ltd. 7/18/2011
WOOF VCA Antech Inc. 7/18/2011
WSO Watsco Inc. 7/18/2011
YAVY Yadkin Valley Financial Corp. 7/18/2011
YDNT Young Innovations Inc. 7/18/2011
ELS Equity LifeStyle Properties, Inc. 7/18/2011 16:30
IBM International Business Machines Corp. 7/18/2011 16:30
ICUI ICU Medical, Inc. 7/18/2011 16:30
LNCR Lincare Holdings Inc. 7/18/2011 16:30
MOS Mosaic Co. 7/18/2011 16:30
PKG Packaging Corp. of America 7/18/2011 16:30
STLD Steel Dynamics Inc. 7/18/2011 16:30
ZION Zions Bancorp. 7/18/2011 16:30 For the latest updates PRESS CTR + D or visit Stock Market news Today
American National Bankshares Inc. Earnings Preview July 18 2011
American National Bankshares Inc. Earnings Preview July 18 2011 : American National Bankshares, Inc. (NASDAQ:AMNB) will unveil its latest earnings on Monday, July 18, 2011. American National Bankshares, Inc. is a holding company for American National Bank and Trust Company, which provides an array of financial products & services including commercial, mortgage and consumer banking; trust and investment services & insurance.
American National Bankshares, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 32 cents per share, a decline of 3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 36 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 32 cents during the last month. For the year, analysts are projecting net income of $1.30 per share, a decline of 3.7% from last year.
Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 29 cents per share against an estimate of net income of 35 cents per share. The quarter before that, it missed forecasts by 5 cents.
Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>
Key Stats:
The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 18.6% from the year earlier quarter, while the figure dropped 14.7% in the fourth quarter of the last fiscal year.
Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 3.1% to $10.6 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 2.7%.
Competitors to Watch: United Community Banks, Inc. (NASDAQ:UCBI), Cardinal Financial Corp. (NASDAQ:CFNL), Regions Financial Corp. (NYSE:RF), Middleburg Financial Corp. (NASDAQ:MBRG), Old Point Financial Corp. (NASDAQ:OPOF), Commonwealth Bankshares, Inc. (NASDAQ:CWBS), Hampton Roads Bankshares, Inc. (NASDAQ:HMPR), TowneBank (NASDAQ:TOWN), C&F Financial Corporation (NASDAQ:CFFI), and Union First Market Bankshares Corp. (NASDAQ:UBSH).
Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had fallen $4.50 (-19.5%) from $23.09 to $18.59. Shares have been on a negative streak of late, closing down every day between July 7, 2011 and July 12, 2011. The stock price saw one of its best stretches over the last year between May 18, 2011, and May 25, 2011, when shares rose for six-straight days, rising 5.3% (+$1.03) over that span. Shares are down $4.44 (-19.3%) year to date. (Source: Xignite Financials) For the latest updates PRESS CTR + D or visit Stock Market news Today
American National Bankshares, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 32 cents per share, a decline of 3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 36 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 32 cents during the last month. For the year, analysts are projecting net income of $1.30 per share, a decline of 3.7% from last year.
Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 29 cents per share against an estimate of net income of 35 cents per share. The quarter before that, it missed forecasts by 5 cents.
Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>
Key Stats:
The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 18.6% from the year earlier quarter, while the figure dropped 14.7% in the fourth quarter of the last fiscal year.
Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 3.1% to $10.6 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 2.7%.
Competitors to Watch: United Community Banks, Inc. (NASDAQ:UCBI), Cardinal Financial Corp. (NASDAQ:CFNL), Regions Financial Corp. (NYSE:RF), Middleburg Financial Corp. (NASDAQ:MBRG), Old Point Financial Corp. (NASDAQ:OPOF), Commonwealth Bankshares, Inc. (NASDAQ:CWBS), Hampton Roads Bankshares, Inc. (NASDAQ:HMPR), TowneBank (NASDAQ:TOWN), C&F Financial Corporation (NASDAQ:CFFI), and Union First Market Bankshares Corp. (NASDAQ:UBSH).
Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had fallen $4.50 (-19.5%) from $23.09 to $18.59. Shares have been on a negative streak of late, closing down every day between July 7, 2011 and July 12, 2011. The stock price saw one of its best stretches over the last year between May 18, 2011, and May 25, 2011, when shares rose for six-straight days, rising 5.3% (+$1.03) over that span. Shares are down $4.44 (-19.3%) year to date. (Source: Xignite Financials) For the latest updates PRESS CTR + D or visit Stock Market news Today
google net revenue rise 36% priode June 30 2011
google net revenue rise 36% priode June 30 2011 : The Internet giant posted 36% profit growth, easily beating most analysts’ expectations, on strength in CPC, stable click volume growth, and emerging businesses like display and mobile. Google said its second-quarter net income rose to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71 a share, in the same period last year. Net revenue for the period ended June 30 was $6.92 billion. Excluding items, Google's earnings for the quarter were actually $8.74 a share; analysts had expected just $7.84 a share and $6.54 billion in revenue. Paid clicks increased 18% from a year ago and dropped 2% sequentially, while cost-per-click increased by 12% compared with last year. The results should help reassure investors that Google is still thriving under the leadership of Larry Page, who replaced former CEO Eric Schmidt, at the beginning of the period. “We had a great quarter,” said Page in a statement. “We’ve substantially increased our velocity of execution,” he added.
Under Page’s leadership, the company is investing in new businesses to help it compete with rivals such as Facebook, the world’s most popular social-networking service. Online users spent an average of 6.7 hours on Facebook in June, compared with 4.1 hours on Google, according to recent comScore data. In an effort to lure Web surfers eager to socialize online, the company rolled out Google+ a few weeks ago, a service that compares to Facebook, yet aims to let users more easily set up groups of friends and contacts. Within days of its debut, Google had to temporarily shut the invite mechanism for Google+, following “insane demand”. Said Page: “I’m super excited about the amazing response to Google+ which lets you share just like in real life.”
Google (GOOG : NASDAQ : US$528.94), Net Change: -9.32, % Change: -1.73%, Volume: 4,818,340 For the latest updates PRESS CTR + D or visit Stock Market news Today
Under Page’s leadership, the company is investing in new businesses to help it compete with rivals such as Facebook, the world’s most popular social-networking service. Online users spent an average of 6.7 hours on Facebook in June, compared with 4.1 hours on Google, according to recent comScore data. In an effort to lure Web surfers eager to socialize online, the company rolled out Google+ a few weeks ago, a service that compares to Facebook, yet aims to let users more easily set up groups of friends and contacts. Within days of its debut, Google had to temporarily shut the invite mechanism for Google+, following “insane demand”. Said Page: “I’m super excited about the amazing response to Google+ which lets you share just like in real life.”
Google (GOOG : NASDAQ : US$528.94), Net Change: -9.32, % Change: -1.73%, Volume: 4,818,340 For the latest updates PRESS CTR + D or visit Stock Market news Today
Swedish Eniro net profit Q2 June 2011
Swedish Eniro net profit Q2 June 2011 ; Swedish search and directory services provider Eniro AB (sto:ENRO) turned to a net profit of SEK55m in the second quarter of 2011 topping analyst expectations by 34%.
A year earlier, the company posted a bottom-line loss of SEK108m as it paid taxes of SEK284m. In comparison, Eniro booked a tax gain of SEK2m in April-June this year.
The firm's second-quarter revenues shrank 20% year-on-year to SEK1.151bn. However, the top line was still slightly better than the SEK1.134bn average estimate in an analyst poll by SME Direkt. Organic revenue decline was 8%, compared with an expected drop of 9.4%.
Second-quarter EBITDA plunged 28% year-on-year to SEK285m. However, this year's result was 14% better than the market consensus. The EBITDA margin slid to 25% from 28% versus an expected 22.1%.
In the first half of 2011, Eniro's bottom line showed a profit of SEK2m compared with a year-earlier loss of SEK102m. The company foresees a single-digit organic decline in revenue for the full 2011, which is expected to turn to growth in 2012.
(EUR1 = SEK9.2) For the latest updates PRESS CTR + D or visit Stock Market news Today
A year earlier, the company posted a bottom-line loss of SEK108m as it paid taxes of SEK284m. In comparison, Eniro booked a tax gain of SEK2m in April-June this year.
The firm's second-quarter revenues shrank 20% year-on-year to SEK1.151bn. However, the top line was still slightly better than the SEK1.134bn average estimate in an analyst poll by SME Direkt. Organic revenue decline was 8%, compared with an expected drop of 9.4%.
Second-quarter EBITDA plunged 28% year-on-year to SEK285m. However, this year's result was 14% better than the market consensus. The EBITDA margin slid to 25% from 28% versus an expected 22.1%.
In the first half of 2011, Eniro's bottom line showed a profit of SEK2m compared with a year-earlier loss of SEK102m. The company foresees a single-digit organic decline in revenue for the full 2011, which is expected to turn to growth in 2012.
(EUR1 = SEK9.2) For the latest updates PRESS CTR + D or visit Stock Market news Today
TTK Prestige Q1 net profit june 2011
TTK Prestige Q1 net profit june 2011 ; Kitchenware maker TTK Prestige today posted a 58 per cent increase in its net profit of Rs 25.34 crore for the quarter ended June 30, 2011 as against the same period last fiscal.
The company had a net profit of Rs 16.03 crore in the quarter ended June 30, 2010, TTK Prestige said in a filing to the Bombay Stock Exchange (BSE).
During the quarter under review, the company's net sales increased by 60.39 percent to Rs 233.14 crore. In the corresponding quarter last fiscal, it had a net sales of Rs 145.35 crore.
In the year-ended March 30, 2011, the firm reported a net profit of Rs 83.75 crore while it had a net sales of Rs 763.57 crore.
Shares of TTK Prestige closed at Rs 2,794.65 on the BSE , up 1.35 per cent from the previous close. For the latest updates PRESS CTR + D or visit Stock Market news Today
The company had a net profit of Rs 16.03 crore in the quarter ended June 30, 2010, TTK Prestige said in a filing to the Bombay Stock Exchange (BSE).
During the quarter under review, the company's net sales increased by 60.39 percent to Rs 233.14 crore. In the corresponding quarter last fiscal, it had a net sales of Rs 145.35 crore.
In the year-ended March 30, 2011, the firm reported a net profit of Rs 83.75 crore while it had a net sales of Rs 763.57 crore.
Shares of TTK Prestige closed at Rs 2,794.65 on the BSE , up 1.35 per cent from the previous close. For the latest updates PRESS CTR + D or visit Stock Market news Today
Citigroup net profits 2Q june 2011
Citigroup net profits 2Q june 2011 : Citigroup Inc.'s (C) second-quarter profit jumped 24%, thanks to a $2 billion reserve release and improved credit. But the bank struggled to grow earnings in many businesses around the world.
Overall, Citi reported a better-than-expected profit $3.34 billion. At Citicorp, the core division that the bank wants to grow, revenue and profit fell--and expenses rose. Revenue rose in consumer lending and in investment banking in Latin America and Asia, and loans grew broadly. But even outside the U.S., profits fell.
That decline is because Citi is "in investment mode," Chief Financial Officer John Gerspach said during a conference call with reporters. Those investments--in new products, branches, technology and marketing--are starting to pay off, and profits, particularly in Asia and Latin America, should improve in the second half, he said.
In North America, however, revenue growth won't catch up with rising expenses until the middle of next year, Gerspach said.
The CFO said Citi had a "solid quarter," and Citi's financial condition continues to improve. Capital ratios improved and loan losses fell.
Citi's shares fell 0.3% in recent trading to $38.90.
Citi "digested elevated legal expenses, a weak trading environment and higher expenses and still posted solid growth in earnings per share," Sanford C. Bernstein & Co analyst John McDonald said in a research report. He said he hoped "management will be able to increase its dividend and start share buybacks in 2012."
Citi returned to profitability last year after surviving the financial crisis due to $45 billion in government bailout funds; it has since struggled to convince investors that it can grow revenue.
Now revenue grew in many business lines--consumer banking in Latin America was up 15%, and in Asia 10%. But profits rose only in the relatively small Latin American capital markets and in transaction processing.
Overall costs increased 9% at Citigroup, to $13 billion, and expenses at the Citicorp unit rose 10%, to $10 billion. Revenue for Citigroup overall fell 7%, to $21 billion, and revenue at Citicorp fell 1%, to $16.3 billion. An "extensive reengineering program [is] under way," the CFO said.
Credit-loss provisions in the second quarter were $3.39 billion, down sharply from $6.67 billion a year earlier.
The U.S. consumer business got the biggest boost as Citi didn't need to set aside as much reserves for bad loans. Citi plans to add 200 branches in the next three years.
Improving credit drove Citi's 41% increase in net income from consumer banking overall, to $1.6 billion. Overall consumer-banking revenue rose 2%, to $8.2 billion. In a memorandum to staff Friday, Chief Executive Vikram Pandit said, "We increased our loans throughout our core businesses as credit quality improved."
Citi's profit from capital markets fell 8% from a year earlier and 10% from the first quarter, to $5.5 billion, as bond underwriting and trading revenue declined. Profit fell 29% from a year earlier, to $1.2 billion. On Thursday, J.P. Morgan Chase & Co. (JPM) reported higher profit and revenue from capital markets.
Gerspach said Citi's investment-banking advisory business was "pretty solid" following hires made to recapture lost ground. "It's nice to crack $1 billion again," he said, referring to the investment banking's second-quarter revenue--a 69% rise from a year earlier.
The loss at Citi Holdings, which includes assets the company is seeking to unload, narrowed.
All said, the bank reported a profit of $1.09 a share, from 9 cents a share a year earlier. Analysts polled by Thomson Reuters recently estimated a per-share profit of 96 cents on $19.89 billion in revenue.
• Revenues from investment banking operation up 61%
• Turnover fell 7% to $20.6bn from decline in investment yields
• Citigroup cut its net losses on loans by 35% to $5.1bn.
citigroup financial revenue, citigroup, citigroup stock, citigroup careers, citigroup jobs, citigroup.com, primerica, primerica online, primerica financial services, primerica life, primerica life insurance, citigroup financial, citigroup financial statements, citigroup financial products, citigroup financial crisis, citigroup financial products inc. For the latest updates PRESS CTR + D or visit Stock Market news Today
Overall, Citi reported a better-than-expected profit $3.34 billion. At Citicorp, the core division that the bank wants to grow, revenue and profit fell--and expenses rose. Revenue rose in consumer lending and in investment banking in Latin America and Asia, and loans grew broadly. But even outside the U.S., profits fell.
That decline is because Citi is "in investment mode," Chief Financial Officer John Gerspach said during a conference call with reporters. Those investments--in new products, branches, technology and marketing--are starting to pay off, and profits, particularly in Asia and Latin America, should improve in the second half, he said.
In North America, however, revenue growth won't catch up with rising expenses until the middle of next year, Gerspach said.
The CFO said Citi had a "solid quarter," and Citi's financial condition continues to improve. Capital ratios improved and loan losses fell.
Citi's shares fell 0.3% in recent trading to $38.90.
Citi "digested elevated legal expenses, a weak trading environment and higher expenses and still posted solid growth in earnings per share," Sanford C. Bernstein & Co analyst John McDonald said in a research report. He said he hoped "management will be able to increase its dividend and start share buybacks in 2012."
Citi returned to profitability last year after surviving the financial crisis due to $45 billion in government bailout funds; it has since struggled to convince investors that it can grow revenue.
Now revenue grew in many business lines--consumer banking in Latin America was up 15%, and in Asia 10%. But profits rose only in the relatively small Latin American capital markets and in transaction processing.
Overall costs increased 9% at Citigroup, to $13 billion, and expenses at the Citicorp unit rose 10%, to $10 billion. Revenue for Citigroup overall fell 7%, to $21 billion, and revenue at Citicorp fell 1%, to $16.3 billion. An "extensive reengineering program [is] under way," the CFO said.
Credit-loss provisions in the second quarter were $3.39 billion, down sharply from $6.67 billion a year earlier.
The U.S. consumer business got the biggest boost as Citi didn't need to set aside as much reserves for bad loans. Citi plans to add 200 branches in the next three years.
Improving credit drove Citi's 41% increase in net income from consumer banking overall, to $1.6 billion. Overall consumer-banking revenue rose 2%, to $8.2 billion. In a memorandum to staff Friday, Chief Executive Vikram Pandit said, "We increased our loans throughout our core businesses as credit quality improved."
Citi's profit from capital markets fell 8% from a year earlier and 10% from the first quarter, to $5.5 billion, as bond underwriting and trading revenue declined. Profit fell 29% from a year earlier, to $1.2 billion. On Thursday, J.P. Morgan Chase & Co. (JPM) reported higher profit and revenue from capital markets.
Gerspach said Citi's investment-banking advisory business was "pretty solid" following hires made to recapture lost ground. "It's nice to crack $1 billion again," he said, referring to the investment banking's second-quarter revenue--a 69% rise from a year earlier.
The loss at Citi Holdings, which includes assets the company is seeking to unload, narrowed.
All said, the bank reported a profit of $1.09 a share, from 9 cents a share a year earlier. Analysts polled by Thomson Reuters recently estimated a per-share profit of 96 cents on $19.89 billion in revenue.
• Revenues from investment banking operation up 61%
• Turnover fell 7% to $20.6bn from decline in investment yields
• Citigroup cut its net losses on loans by 35% to $5.1bn.
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Thursday, July 14, 2011
Development Credit Bank (DCB Bank) net profit june 2011
Development Credit Bank (DCB Bank) net profit june 2011 : Thrissur-based South Indian Bank (SIB) has registered its highest ever quarterly net profit of Rs 82.49 crore for the three months ended June, clocking a growth of 41.15 per cent over the year-ago period. The bank had posted a net profit of Rs 58.44 crore in the April-June quarter last year.
SIB's business has increased by Rs 13,556 crore from Rs 40,217 crore to Rs 53,733 crore on year-to-year basis, a growth of 33.71 per cent, the bank's CEO and Managing Director V A Joseph said while announcing the first quarter results.
While deposits went up by 35.54 per cent to Rs 31,662 crore from Rs 23,331 crore (y-o-y) during the quarter, advances increased by 31.18 per cent from Rs 16,886 crore last year to Rs 22,151 crore.
Low-cost, or CASA (current account saving account), deposits increased from Rs 5,852 crore to Rs 6,789 crore, registering a growth of 16.02 per cent, he said.
The bank earned a total income of Rs 820.34 crore during the quarter as against Rs 581.78 crore last year, a growth of 41.01 per cent. It maintained the net interest margin (NIM) at the same level of 2.8 per cent as in the first quarter of June, 2010-11, he added.
The bank planned to raise Rs 1,000 crore through QIP (Qualified Institutional Placement), which will be completed by September this year. Joseph said the bank planned to open 57 more branches in the current fiscal to take the total number of branches to 700.
DCB Highlights:
As on June 30, 2011, the Balance Sheet was at Rs. 76,220 million as against Rs. 63,733 million as on June 30, 2010, a growth rate of 20%.
Retail Deposits (Retail CASA and Retail Term Deposits) continued to show positive movement. Retail Deposits were at 82% of Total Deposits as on June 30, 2011 as against 80% as on June 30, 2010.
CASA ratio as on June 30, 2011stands at 33.3% as against 36.0% as on June 30, 2010.
Net Advances grew to Rs. 42,344 million as on June 30, 2011 from Rs. 34,788 million as on June 30, 2010, a growth rate of 22%.
Net Interest Margin stood at 3.10% for Q1 FY 2012 as against 3.12% for Q1 FY 2011.
Capital Adequacy Ratio (CAR) was at 12.92% as on June 30, 2011 with Tier I at 11.12% and Tier II at 1.85% under Basel II.
Provisions continue to decline. For Q1 FY 2012 it is substantially reduced to Rs.77 million as against Rs.255 million in Q1 FY 2011.
DCB Bank has opened its branches at Mandvi and Netrang in Gujarat. Total Branches network - 82 as well as 138 ATMs.
Shares of the company gained Rs 1, or 1.55%, to settle at Rs 65.50. The total volume of shares traded was 2,343,602 at the BSE (Thursday).
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SIB's business has increased by Rs 13,556 crore from Rs 40,217 crore to Rs 53,733 crore on year-to-year basis, a growth of 33.71 per cent, the bank's CEO and Managing Director V A Joseph said while announcing the first quarter results.
While deposits went up by 35.54 per cent to Rs 31,662 crore from Rs 23,331 crore (y-o-y) during the quarter, advances increased by 31.18 per cent from Rs 16,886 crore last year to Rs 22,151 crore.
Low-cost, or CASA (current account saving account), deposits increased from Rs 5,852 crore to Rs 6,789 crore, registering a growth of 16.02 per cent, he said.
The bank earned a total income of Rs 820.34 crore during the quarter as against Rs 581.78 crore last year, a growth of 41.01 per cent. It maintained the net interest margin (NIM) at the same level of 2.8 per cent as in the first quarter of June, 2010-11, he added.
The bank planned to raise Rs 1,000 crore through QIP (Qualified Institutional Placement), which will be completed by September this year. Joseph said the bank planned to open 57 more branches in the current fiscal to take the total number of branches to 700.
DCB Highlights:
As on June 30, 2011, the Balance Sheet was at Rs. 76,220 million as against Rs. 63,733 million as on June 30, 2010, a growth rate of 20%.
Retail Deposits (Retail CASA and Retail Term Deposits) continued to show positive movement. Retail Deposits were at 82% of Total Deposits as on June 30, 2011 as against 80% as on June 30, 2010.
CASA ratio as on June 30, 2011stands at 33.3% as against 36.0% as on June 30, 2010.
Net Advances grew to Rs. 42,344 million as on June 30, 2011 from Rs. 34,788 million as on June 30, 2010, a growth rate of 22%.
Net Interest Margin stood at 3.10% for Q1 FY 2012 as against 3.12% for Q1 FY 2011.
Capital Adequacy Ratio (CAR) was at 12.92% as on June 30, 2011 with Tier I at 11.12% and Tier II at 1.85% under Basel II.
Provisions continue to decline. For Q1 FY 2012 it is substantially reduced to Rs.77 million as against Rs.255 million in Q1 FY 2011.
DCB Bank has opened its branches at Mandvi and Netrang in Gujarat. Total Branches network - 82 as well as 138 ATMs.
Shares of the company gained Rs 1, or 1.55%, to settle at Rs 65.50. The total volume of shares traded was 2,343,602 at the BSE (Thursday).
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Tata Consultancy Services (TCS) net profit june 2011
Tata Consultancy Services (TCS) net profit june 2011 : Tata Consultancy Services (TCS) has reported net profit of Rs 2,380 crore in the quarter ended June 2011, which was better than expectations. CNBC-TV18 poll was expecting the net profit at Rs 2,240 crore as against Rs 2,380.9 crore in previous quarter, as per International Financial Reporting Standards.Revenues increased just 6.3% in the June quarter at Rs 10,797 crore from Rs 10,157.5 crore in earlier quarter while the poll expected at Rs 10,674 crore.
Tata Consultancy Services (TCS) touched a 52-week high of Rs 1,350.30. At 09:23 hrs the share was quoting at Rs 1,162.80, up Rs 37.55, or 3.34%.
| Share Price Movement During The Last 12 Months | ||||
| Period | Price | Latest Price | Gain/Loss (Rs.) | % Gain/Loss |
| 3-Days | 1146.75 | 1162.80 | 16.05 | 1.40 |
| 5-Days | 1171.50 | 1162.80 | -8.70 | -0.74 |
| 7-Days | 1196.00 | 1162.80 | -33.20 | -2.78 |
| 15-Days | 1169.60 | 1162.80 | -6.80 | -0.58 |
| 1-Month | 1188.75 | 1162.80 | -25.95 | -2.18 |
| 3-Month | 1190.55 | 1162.80 | -27.75 | -2.33 |
| 6-Month | 1118.70 | 1162.80 | 44.10 | 3.94 |
| 9-Month | 985.70 | 1162.80 | 177.10 | 17.97 |
| 1-Year | 774.65 | 1162.80 | 388.15 | 50.11 |
It was trading with volumes of 12,078 shares. In the previous trading session, the share closed down 2.23% or Rs 25.65 at Rs 1,125.25. CLSA has maintained underperform rating with a target of Rs 1,100 per share, reports CNBC-TV18.
tata consultancy services, tata consultancy services jobs, tata consultancy services limited, tata consultancy services wiki, tata consultancy services new jersey, infosys, infosys consulting, infosys news, infosys attrition, infosys chop shop, tcs share prices, share price of tcs, tcs share price today, tcs share price history, tcs current share price, For the latest updates PRESS CTR + D or visit Stock Market news Today
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