Posts Tagged ‘Quarter Report’

FDIC: US Banking Industry Still Suffering

Posted by Amita Kalra on February 23rd, 2010

The Federal Deposit Insurance Corporation today released the fourth quarter report which revealed that the number of distressed banks in the US rose from 552 at the end of September to a whopping 702 in the last quarter. Based on the result, roughly one in 11 of the approximate 8,000 U.S. banks are on the troubled list, the highest in sixteen years.

Banks insured by the FDIC dropped to a total quarterly profit of $914 million in the fourth quarter, which ended Dec. 31, compared with $2.8 billion in the third quarter. The result was significantly better than the $37.8 billion loss for insured institutions during the fourth quarter of 2008, but well below historical norms.

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Yahoo! Moment for Bartz as Q4 09 Revenue Rises

Posted by Prabhjot Singh on January 27th, 2010

Continuing the trend of positive Q4 results from Dupont and Google earlier in the week, Yahoo! (YHOO) today announced their financial figures for Q4 and the year 2009. Much to the joy of the investors and the relief of CEO Carol Bartz the numbers beat expectations by quite a good margin and restored a positive outlook for the new year.

The Sunnyvale, California based internet company reversed the direction of its revenue earnings from its southward trip for the past year and a half by posting a quarter to quarter gain of 10 percent or 1.73bn. The impressive results could not however prevent the drop in revenue for the same period of 2008. The revenue dropped 4 percent compared to Q4 08. The resulting profit of $153m will mean earnings of 15 cents per share beating the Wall Street analysts projection of 11cents per share. Looking at the operational side Yahoo! posted a $119m income for Q4 2009 compared to a loss of  $278m for the same period of 2008. The numbers for the year 2009 also seemed promising as the annual net profit rose 43 percent to 598 million dollars while annual revenue fell 10 percent to 6.46 billion dollars.

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DuPont posts Q4 profit

Posted by Amita Kalra on January 26th, 2010

Almost like a tit for tat to the depressing NAR reports that came in yesterday, DuPont results thankfully brought some good news today. DuPont Logo1 DuPont posts Q4 profit

E. I. du Pont de Nemours and Company, more commonly DuPont or Du Pont, the world’s second largest chemical company (after BASF) in terms of market capitalization, reported a fourth quarter profit that surpassed analysts’ estimates with a net income of a whopping $441 million, or 48 Cents a share, as compared to a net loss of $629 million, or 70 Cents, a year earlier. Coming as a pleasant surprise, profit beat the 41% average estimate of 14 analysts surveyed by Bloomberg, at 44 cents a share (with the exclusion of some items). Its sales volumes had fallen by as much as 20% during the recession, and reported a growth in the fourth quarter for the first time since mid 2008.

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The Silver Lining in Intel’s Cloud

Posted by Prabhjot Singh on October 13th, 2009

intel core i7 logo 246x300 The Silver Lining in Intel’s CloudIntel Corp has released its financial figures for the July-September quarter posting a 7.8 % decline in profits. Despite sales turning southwards the organization beat the Wall Street’s forecast. That is not the only upside here though, Paul Otellini, Intel CEO has said that its gross profit margins for the final quarter are expected to be 62 percent of revenue, with a possible variation of about three percent in either direction. That translates to sales figures in the range of $9.7 billion to $10.5 billion.

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