Stock News

GM’s share price down, Q2 profit drops on account of mass recalls

Detroit-based General Motors Co. posted second-quarter figures today, revealing profit suffered from recall costs, despite limited gains in revenue. The company announced on Wednesday it would recall some 700 000 more vehicles in the US. GM’s revenue climbed to $39.6 billion from $39.1 billion a year ago, while net income was logged at $190 million, […] Read more

Roche Holding AG’s share price up, posts a 7% drop in first-quarter profit on strong Swiss franc

The largest cancer drug manufacturer in the world – Roche Holding AG made an official statement today, revealing that its profit over the first fiscal quarter declined by 7% as the strength of the Swiss franc that offset the companys new drugs rising sales. According to the statement of Roche Holding AG, the companys net […] Read more

Nokia’s share price up, posts a €2.51 billion Q2 profit and boosts full-year profitability forecasts

Nokia announced improving results from the second fiscal quarter and increased its full-year profitability projection, with China networking contracts leading the rally and cost-reduction efforts paying off. According to the statement of Nokia, its net profit over the second three months was reported at €2.51 billion ($3.38 billion) compared to the €226 million loss posted […] Read more

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