Stock News

AT&T Inc.’s share price down, reports second-quarter profit decline as customers shift to phone financing

AT&T Inc., the second-biggest wireless carrier in the U.S., made an official statement yesterday, posting a 7.2% drop in the second-quarter net income. The companys profit fell short of analysts projections as more clients preferred to pay for devices with instalment plans, which resulted in decreasing the companys profit. The Chief Executive Officer of the […] Read more

Qualcomm Inc.’s share price up, projects Q4 profit that falls short of analysts’ expectations amid China challenge

Qualcomm Inc. posted a projection for its profit over the fourth quarter of the current fiscal year, that fell short of analysts forecasts, as the company faced challenging conditions for its technology-licensing business located in China. The company, which is currently the largest mobile-phone chips manufacturer, shared that its net income over the quarter ending […] Read more

Facebook Inc.’s share price up, doubles Q2 earnings with mobile ads surge

The biggest social network in the world – Facebook Inc., announced that it more than doubled its earnings over the second financial quarter, with sizable gains for mobile ads. Mark Zuckerberg, CEO of Facebook, commented on the performance of Facebook Inc. on a conference call with analysts: “This is a good quarter for us… [There […] Read more

Boeing Co.’s share price up, raises its full-year profit forecast as jetliner deliveries jump

Boeing Co., made an official statement today, posting its second-quarter results, that surpassed analysts expectations. The company, which is currently the largest plane manufacturer in the world, also raised its full-year profit projection. Boeing Co. made a statement today, saying that it expects its full-year earnings excluding some pension costs to be between 7.90 and […] Read more

Deutsche Bank AG share price down, faces misrepresentation and faulty reporting allegations

Deutsche Bank AG became the latest foreign bank to come under scrutiny in the US, after a letter from December emerged, showing the New York Fed expressed concern with the banks regulatory reporting. “The size and breadth of errors strongly suggest that the firm’s entire U.S. regulatory reporting structure requires wide-ranging remedial action,” Daniel Muccia, […] Read more

PepsiCo Inc.’s share price down, posts upbeat Q2 earnings as snack and beverage volumes rise

PepsiCo Inc. made a statement today, posting a slight increase in its earnings during the second quarter of the current fiscal year as the company managed to increase its snacks and beverages businesses volumes by 1%. The companys quarterly earnings report was posted only a day after its major competitor Coca-Cola Co. reported a 3% […] Read more

Microsoft Corp.’s share price down, says its fourth-quarter profit was hurt by the acquisition of Nokia handset unit

Microsoft Corp. made an official statement yesterday, revealing that its profit for the fiscal fourth quarter was negatively affected by the acquisition of the mobile unit of Nokia Oyj. However, the company also shared that it benefited from the increasing corporate demand for computers and software delivered online. One of the analysts, who work at […] Read more

The Coca-Cola Co.’s share price down, posts second-quarter revenue that misses analysts estimates

The Coca-Cola Co. made an official statement yesterday, posting its results for the second fiscal quarter of 2014 that missed analysts estimates due to decreased demand for some of its drinks in North America, such as Diet Coke and juice. One of the analysts, who work at Morgan Stanley – Ms. Dara Mohsenian commented on […] Read more

Comcast Corp.’s share price up, posts a 15% annual profit increase in Q2

Comcast Corp., the biggest US cable operator by number of subscribers, revealed that its profit grew over the second financial quarter, with its high-speed internet service leading the rally. According to the companys statement, Comcasts adjusted profit excluding gains on sales and acquisition-related items amounted to $1.99 billion, or 75 cents per share, up from […] Read more