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Veeco Instruments turns profit in 4Q; shares jump (AP)
11 hours ago ago from Market News
PLAINVIEW, N.Y. (AP) Shares of Veeco Instruments jumped almost 10 percent on Tuesday, a day after the maker of precision manufacturing equipment posted better-than-expected fourth-quarter profits. Shares jumped 9 percent to $33.81. The company said late Monday it reversed a year-ago loss and made $18.7 million, or 50 cents per share, in the quarter ended Dec. 31. It attributed the results to better sales, especially from LED and ...
Related contentNetgear Rockets 14% on Q4 Beat, Q1 View - Tech Trader Daily - Barrons.com
11 hours ago ago from Tech Trader Daily - Barrons.com
By Eric Savitz Shares of computer networking equipment maker Netgear ( NTGR ) are up $2.94, almost 14%, at $24.70, after the company this evening crushed Q4 estimates and forecast Q1 revenue well ahead of the Street. Q4 revenue rose 36%, year over year, to $219 million, ahead of the average $178.4 million estimate of analysts, yielding profit per share of 34 cents versus 22 cents expected. Gross profit as a percentage of sales ...
Related contentToday was nothing more than a short squeeze that kicked in the automatic trading programs.
11 hours ago ago from InvestmentWatch
The real news was in the reporting of several companies that move goods across America .. 1) - Supply chain technology firm Intermec Inc. said its fourth-quarter net earnings were $5 million, or 8 cents per share, compared with $9.3 million, or 15 cents, a year ago. 2) - Transportation software firm Xata Corp. said it lost $1.7 million, or 20 cent per share, in its fiscal first quarter, compared with a loss of $672,000, or 8 cents, ...
Related contentThe Mouse is in the House
11 hours ago ago from Insurance Archive.com
Disney shares are up after the close, as the company beat expectations for its fiscal first quarter on both the top and the bottom lines. Dow Jones Newswires' Kathy Shwiff reports: Walt Disney Co.'s fiscal first-quarter profit was little changed despite bigger profits in the film studio and television operations as charges and gains skewed comparisons. Shares rose 1.8% to $30.39 in after-hours trading as the media giant and ...
Related contentSynutra International announces revenues of $96.80M for third-quarter ended December 31, 2009
16 hours ago ago from Medical News Base
Synutra International, Inc., a leading infant formula company in China and a producer, marketer and seller of nutritional products for infants, children and adults, today reported financial results for the Company’s third quarter and nine months ended December 31, 2009. . (NASDAQ: SYUT), a leading infant formula company in China and a producer, marketer and seller of nutritional products for infants, children and adults, today reported ...
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Cognizant 4Q earnings jump 28 percent
19 hours ago ago from U.S. News
Cognizant 4Q earnings jump 28 percent TEANECK, N.J. (AP) -- Cognizant Technology posted surprisingly large numbers for profit and revenue Tuesday and topped the fourth-quarter report with a 2010 outlook that exceeded most expectations as technology spending rebounds. Company shares rose $1.74, or 4 percent, to $45.48 in premarket trading. Cognizant Technology Solutions Corp., which provides information technology outsourcing for other ...
Related contentCelanese posts 4Q profit on higher sales
18 hours ago ago from U.S. News
Celanese posts 4Q profit on higher sales NEW YORK (AP) -- Chemical maker Celanese Corp. reported a profit on Tuesday for the fourth quarter driven by higher sales volumes and lower raw material costs. The company expects to benefit from increased volumes across all businesses and additional fixed spending reductions this year. "We saw sustained global demand across our major end-markets and geographies throughout the second half of 2009 ...
Related contentPulte Homes Narrows Loss
16 hours ago ago from The New York Times
Filed at 12:04 p.m. ET Pulte Homes Inc. said Tuesday its loss narrowed in its fourth quarter, and the nation's largest homebuilder expressed cautious optimism for housing demand this year. Pulte CEO Richard Dugas said job growth and improved consumer confidence will be needed for a meaningful rebound in new home sales this year. Possible obstacles include the expiration of two homebuyer tax credits, a rise in mortgage rates ...
Related contentThe Mouse is in the House - MarketBeat - WSJ
10 hours ago ago from Wall Street Journal
By Matt Phillips Disney shares are up after the close, as the company beat expectations for its fiscal first quarter on both the top and the bottom lines. Dow Jones Newswires' Kathy Shwiff reports: Walt Disney Co.'s fiscal first-quarter profit was little changed despite bigger profits in the film studio and television operations as charges and gains skewed comparisons. Shares rose 1.8% to $30.39 in after-hours trading as the media giant ...
Related contentCoca-Cola Posts Strong Profit on Emerging-Market Sales
9 hours ago ago from The New York Times
The Coca-Cola Company reported stronger-than-expected quarterly sales on Tuesday as higher demand in Brazil, China and India offset a decline in North America. Add to Portfolio Coca-Cola Co Go to your Portfolio Lower costs and higher volume helped increase profit, which was in line with analysts' estimates. The company gained market share in the carbonated and noncarbonated beverage categories. The results continued a ...
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