Posts Tagged ‘quarterly earnings’

Banking giant JPMorgan reports big drop in profits

Linda Young – AHN News Writer New York, NY, United States (AHN) – Wall Street banking giant JPMorgan reported a steep plunge in its quarterly earnings Friday morning caused by large losses in its investment banking and trading divisions. JPMorgan is the nation’s largest bank by assets. Bank officials reported that it earned $ 3.7 […]

Oracle misses expectations, shares fall after the bell

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – Wall Street oracles did not see this coming. After the closing bell on Tuesday, shares of Oracle fell after the software maker reported quarterly earnings and revenue that missed Wall Street’s expectations. Revenue was $8.8 billion, a scant 2 percent increase from $8.65 […]

TI Profit Edges Up Even As Japan Weighs

Texas Instruments Inc. said Monday after the markets closed that its first quarter profit rose 1% from last year, even as weaker demand for Wireless baseband chips and expenses resulting from the Japan earthquake weighed on results. However, the company’s quarterly earnings per share came in below analysts’ expectations. The company also provided a weak […]

Akamai Profit Jumps 31%, But Outlook Weak

Akamai Technologies Inc. (AKAM) said Wednesday after the markets closed its fourth quarter profit rose 31% from last year, driven by strong demand for cloud-based services. The company’s quarterly earnings per share, excluding items, also came in above analysts’ expectations. View full post on Business Stories