Yahoo! News: Earnings News

Earnings News

• North America boosts Ford in 4Q (AP)

  AP - Ford has shown it can make money even with U.S. car sales at depressed levels. Now it needs to show it can manage a myriad of challenges outside its home region.

  
  

• Altria 4Q profit falls 9 pct, CEO to retire (AP)

  AP - Marlboro maker Altria Group Inc. said Friday that its fourth-quarter profit fell about 9 percent on lease, legal and restructuring charges even as higher prices and gains from its smokeless tobacco products helped bolster its sales.

  
  

• As US slows, P&G turns to developing markets (AP)

  AP - Emerging markets are playing a bigger role in Procter & Gamble Co.'s growth, in another sign that U.S. companies are courting new customers overseas as American shoppers get tapped out.

  
  

• Ford Motor Co.'s 2011 profits at a glance (AP)

  AP - Ford Motor Co.'s 2011 profits at a glance

• Chevron's 4Q profit drop highlights hurdles ahead (AP)

  AP - Satisfying the world's growing energy appetite isn't easy.

• Correction: Earns-Starbucks story (AP)

  AP - The Associated Press, relying on information supplied by a company executive, erroneously reported Jan. 26 that Starbucks Corp. in its fiscal first quarter had its biggest quarterly revenue gain since 2007. It was the company's biggest quarterly revenue gain since the fourth-quarter of 2010.

• AEP's 4Q profit jumps 75 percent thanks to ruling (AP)

  AP - American Electric Power Co. said Friday that its fourth-quarter earnings surged 75 percent, largely due to a court decision in Texas that went in the company's favor.

• Summary Box: North America props up Ford in 4Q (AP)

  AP - FORD EARNINGS: Ford Motor Co. earned $1.1 billion in the first quarter, excluding a big accounting gain. North American profits jumped 33 percent. They fell elsewhere because of the European debt crisis and slower sales in China.

• Summary Box: Chevron 4Q profit down 3 pct. (AP)

  AP - STRUGGLING REFINERIES: Rising crude prices cut into fourth-quarter profits at Chevron Corp.'s refineries, which must buy crude to make gasoline and other fuels.

• Charges weigh on Procter & Gamble profit (Reuters)

  Reuters - Procter & Gamble Co's quarterly profit plunged 49 percent, as the world's largest household products maker wrote down the value of its appliance and salon professional products businesses, and it said this year's profit would come in lower than previously expected due to the strong dollar.

• D.R. Horton profit beats on higher home orders (Reuters)

  Reuters - D.R. Horton Inc , the top U.S. homebuilder, posted a first-quarter profit that beat market expectations, helped by a surge in orders indicating a stabilizing housing market, and said it was looking at spring selling season with "cautious optimism."

• Samsung 4Q profit rises 17 pct on smartphone sales (AP)

  AP - Samsung Electronics Co. reported a 17 percent jump in fourth quarter profit on the strength of smartphone sales even as the company battled claims it had copied Apple's iPhone.

  
  

• Smartphones drive record Samsung profit (Reuters)

  Reuters - Samsung Electronics Co posted a record $4.7 billion quarterly operating profit, driven by booming smartphone sales, and will spend $22 billion this year to boost production of chips and flat screens to pull further ahead of smaller rivals.

• Amgen 4Q profit down 9 pct, but sales up 3 pct (AP)

  AP - Amgen Inc. said Thursday that its fourth-quarter profit fell 8.5 percent as its expenses for taxes and for producing and selling drugs rose faster than its revenue.

  
  

• Starbucks profit beats, Europe weakness hurts (Reuters)

  Reuters - Starbucks Corp reported a quarterly profit that topped Wall Street's view, but its shares fell as investors in the world's biggest coffee chain focused on softness in Europe rather than strength in the United States.

• Motorola suffers 4Q loss as Google sale looms (AP)

  AP - Motorola Mobility sank to a fourth-quarter loss while trying to close its proposed $12.5 billion sale to Google. The setback, announced Thursday, came amid fierce competition in the markets for smartphones and tablet computers.

• Caterpillar 4Q profit rises, tops Wall St. view (AP)

  AP - Caterpillar Inc. said Thursday that its fourth-quarter profit jumped 60 percent, boosted by pent-up demand for new equipment and continuing growth in developing countries.

  
  

• Motorola posts loss, awaits Google deal approval (Reuters)

  Reuters - Mobile phone maker Motorola Mobility Inc posted a fourth quarter loss on weak revenue on Thursday in what could be its last report before a planned takeover by Google Inc.

• Colgate hikes prices at home; 1st attempt in years (AP)

  AP - Colgate-Palmolive is navigating a delicate tightrope, as it raises prices in North America for the first time in more than two years.

  
  

• Bristol-Myers reports rise in 4th-quarter profit (AP)

  AP - Bristol-Myers Squibb Co. reported a 76 percent increase in the fourth-quarter profit Thursday, driven in part by sales of a recently-approved diabetes drug and hefty charges a year earlier, though the drugmaker still fell short of Wall Street's expectations.