Stock News

Adidas AG share price up, third-quarter profit beats analysts’ forecasts

Adidas AG reported on Thursday that its profit over the third quarter of the fiscal year surpassed analysts forecasts. The results come as a relief for the companys Chief Executive Officer Mr. Herbert Hainer, backing his efforts to turn the Germany-based sporting-goods maker around. Mr. Hainer said in a press call: “While certain factors have […] Read more

AstraZeneca Plc share price up, reports better-than-expected Q3 results and boosts annual projection

AstraZeneca Plc reported quarterly results on Thursday and also projected that its 2014 earnings decline will be smaller than initially expected as one of its best-selling drugs, called Nexium, remains largely unaffected by generic competition. The Chief Executive Officer of the company – Mr. Pascal Soriot said in a statement: “This enhanced execution of our […] Read more

DIRECTV share price down, beats profit estimates due to increased US subscription fees

DIRECTV, the biggest US satellite TV provider, reported quarterly profit above analysts expectations boosted by higher U.S. subscription payments. DIRECTV announced a revenue increase of 6.3% to $8.37 billion in the recent quarter, compared to last years result of $7.88 billion, barely beating the Bloomberg-compiled analysts projection of $8.3 billion. The company stated quarterly operating […] Read more

AOL Inc share price down, revenue beats estimates on strong advertising sales

AOL reported better-than-expected quarterly revenue due to strong performance of its advertising real-time platform. The digital media stated a 12% increase in revenue to $626.8 million, compared to last years result of $561.3 million. This is the 7th consecutive quarter of growth for AOL. Its global advertising revenue grew 18% to $473.4 million versus $399.7 […] Read more

WM Morrison share price up, makes progress even as sales fall

WM Morrison Supermarkets PLC narrowed its end-year outlook and said the company made progress in the quarter, despite another drop in sales. Britains fourth-biggest supermarket chain by market share said that like-for-like sales at stores open at least a year dropped 6.3%, including a 0.7% contribution from its online business, in the three months ended […] Read more

Siemens AG share price up, posts a 28% increase in quarterly profit, sells Audiology Solutions unit

The biggest European engineering company – Siemens AG reported that its fourth-quarter profit rose by 28% and announced it will sell its hearing-aid business assets at the price of €2.2 billion ($2.7 billion). The Chief Executive Officer of Siemens – Mr. Joe Kaeser said in a statement: “We delivered the results we originally promised for […] Read more

Commerzbank AG share price up, reports better-than-expected Q3 results

Commerzbank AG reported tripled net profit for the third quarter, beating analysts expectations, due to strong performance by its private customers and corporate units. Commerzbank, Germanys second-largest lender, stated a net profit of €225 million for the three months ended September 30, tripling last years profit of €75 million. Analysts polled by Bloomberg projected €185.5 […] Read more

Qualcomm Inc. share price down, posts downbeat Q4 performance, discloses two new antitrust probes

Qualcomm Inc., the biggest smartphone chips manufacturer in the world, reported downbeat quarterly results and posted a warning that its 2015 profit and revenue will be hit by the fallout from a probe by the Chinese government. The company also shared that it is facing a couple of new investigations led by the regulatory authorities […] Read more

Lenovo share price down, Q2 profit tops forecasts but sales growth eases to slowest in six quarters

The largest PC manufacturer by shipments in the world – Lenovo Group Ltd – said that its profit during the second financial quarter surpassed analysts forecasts as it gained a larger share in the desktop computer and smartphone markets. However, the Chinese company posted its slowest sales growth in six quarters, overtaken in the global […] Read more

Actavis PLC share price up, revenue jumps boosted by acquisitions

Actavis PLC reported better-than-expected third-quarter results due to strong performance of its branded drug business and recent acquisitions. Actavis has been involved in a few deals over the past several quarters as pharmaceutical companies seek increased size and large-scale benefits, such as better tax structure. Last year Actavis purchased Warner Chilcott, a specialty-pharmaceutical company based […] Read more