Cosmetics and perfume-dispenser maker AptarGroup Inc. posted better-than-expected quarterly results, helped by strong demand from the fragrance, cosmetic, and personal care markets. The company forecast third-quarter earnings of 61 cents to 66 cents a share. Analysts on average were expecting 61 cents, according to Thomson Reuters I/B/E/S.
Filed under: Earnings
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Apple earnings blow past Wall Street forecasts
Apple Inc. reported record revenue for the quarter that ended June 26, noting strong sales of its Mac computer line and iPhones, and selling nearly 3.3 million iPads during the first period where the tablet computer was available. Get the full story »
United parent UAL posts first profit since 2007
Passengers check in at a United Airlines ticket counter. (AP Photo/Michael Dwyer, file)
United Airlines’ parent UAL Corp. reported its first quarterly profit since 2007 on Wednesday, earning a net income of $273 million, or $1.29 per diluted share, during the second quarter of 2010. The results showcase a remarkable turnaround at Chicago-based United, which a year ago was the subject of bankruptcy rumors as its cash reserves dwindled. Get the full story »
ITW earnings up, but misses target
Illinois Tool Works Inc reported improved quarterly results Tuesday, driven by especially strong demand for automotive, industrial packaging and welding products. But the results came in a penny per share shy of expectations, pulled down by a higher tax rate than the company had forecast. Get the full story »
Delta posts profit, but airline shares fall
Delta Air Lines Inc, the world’s biggest air carrier, posted a better-than-expected second-quarter profit Monday, but revenue missed expectations and its shares fell more than 8 percent. The company’s third-quarter outlook raised concerns about the strength of the recovery for airlines, which are widely expected to post better results as travel demand improves from recession weakness. Other carriers’ shares were also off. Get the full story »
Earnings up, shares down for Citi, BofA
Bank of America and Citigroup posted better-than-expected quarterly earnings on lower credit losses, but their shares fell as the banks highlighted the challenge of boosting revenue in a stagnant economy.
As with JPMorgan Chase & Co., which reported Thursday, the banks’ investment banking profits were down, a bleak sign for Goldman Sachs Group Inc. and Morgan Stanley, whose results are due next week. Get the full story »
Google misses 2Q earnings mark as expenses grow
Google Inc. missed Wall Street’s profit estimates in its second quarter, as rising operating expenses offset a 24 percent jump in the Internet search giant’s revenue.
Shares of Google fell 4.1 percent after its earnings report Thursday afternoon. Get the full story »
Grainger beats 2Q estimates, raises outlook
Industrial distributor W.W. Grainger Inc. posted better-than-expected quarterly results, helped by strong sales growth in the United States and Canada, and raised its outlook for 2010. The company expects full-year earnings of $6.10 to $6.40 a share, excluding special items, on sales growth of 12 percent to 14 percent. Get the full story »
JPMorgan Chase earnings beat expectations
JPMorgan Chase & Co posted higher second-quarter earnings on Thursday, beating analysts’ expectations, after setting aside less money for loan losses. The second-largest U.S. bank by assets said earnings jumped to $4.8 billion, or $1.09 a share, from $2.7 billion, or 28 cents a share, in the year-earlier period. Get the full story »
Commercial aviation grounds AAR 4Q earnings
AAR Corp.’s fiscal fourth-quarter earnings dropped 21 percent as the aircraft leasing and maintenance company waits for its commercial aviation business to pick up.
The company has warned that recovery in its commercial-airlines business has been less robust than expected. The recession skewered that market, with a drop in travel and tight credit forcing AAR’s commercial-airline customers to cut back. However, the company’s sales to defense contractors have held up. Get the full story »
Intel keeps good 2Q earnings news going
Intel Corp. delivered a better-than-expected sales forecast and results on strong corporate demand for personal computers and servers, despite concerns over a tech industry slowdown.
Shares of the world’s No. 1 chipmaker rose 5 percent, to $22.06, after hours on the strong second-quarter report. The news also boosted sector stocks and Standard & Poor’s 500 stock index futures, suggesting a strong open Wednesday. Get the full story »
Alcoa opens earnings season with surprise profit
Alcoa Inc., the largest U.S. aluminum producer, posted a second-quarter profit Monday, beating Wall Street estimates as sales soared 22 percent.
The company cited strength in several industrial sectors and raised its estimate for aluminum consumption this year. Get the full story »
United shares rise on strong June results
Shares of United Airlines’ parent UAL Corp. rose on Friday, after the Chicago-based airline reported stronger passenger revenue gains than its peers for the month of June.
After the close of Thursday’s trading session, United announced that its consolidated passenger revenue per available seat mile — a standard measure of airline revenues — increased an estimated 30.5 percent to 31.5 percent in June versus prior-year results. Get the full story »
Material Sciences swings to profit
Tighter expense controls and the sale of non-core assets enabled Material Sciences Corp. to report a tidy profit and improved sales for its fiscal first quarter. Get the full story »
Cosi says key revenue figure rose in June
Sandwich chain Cosi Inc. said Thursday that revenue at established stores rose 5.5 percent in June as expanded marketing efforts boosted customer traffic. This figure is considered a key indicator of a retailer’s health as it measures performance at stores open at least a year, stripping away the impact of new or closed sites. Cosi measures performance at locations open more than 15 months.
