Stock News

General Motors Co.’s share price up, posts increasing third-quarter profit due to strong customers spending in North America

General Motors Co. made an official statement today that its third-quarter profit increased by 1%, only a month after its Chief Executive Officer, Mary Barra, said the companys investors are putting her under pressure to boost performance. The Chief Financial Officer of the company, Chuck Stevens, said in a news release, cited by the Wall […] Read more

Raytheon Co. share price down, profit beats analysts projection as orders keep coming

Raytheon Co. raised its yearly target and released forecast-beating results during the recent quarter after successfully trimming costs to maintain profitability. The worlds largest missile maker reported net profit of $519 million in the third quarter, compared to $493 million a year earlier. Earnings per share rose to $1.66 compared to $1.52 year-to-year and analysts […] Read more

Publicis Groupe SA’s share price down, reduces its full-year sales projection after third-quarter revenue misses analysts’ forecasts

Publicis Groupe SA reduced its annual sales projection after the revenue it reported over the third quarter missed analysts forecasts, as the company has been facing difficulties due to a failed merger with Omnicom Group Inc. The companys Chief Executive Officer, Maurice Levy, said in an interview for the Wall Street Journal: “Performances don’t live […] Read more

AT&T Inc. share price down, announces lower-than-expected Q3 revenue and trims full-year forecast

AT&T Inc. reported an increase in revenue, but still under Wall Streets expectations, while cutting sales projections for the year. The company reported sales during Q3 increased to $32.96 billion, compared to analysts estimate of $33.21 billion. Net income fell from $3.81 billion last year, or $0.72 per share, to $3 billion, or $0.58 per […] Read more

Nokia’s share price up, posts third-quarter results, earnings beat analysts’ projections due to a network sales increase

Nokia made an official statement today that its earnings over the third quarter of the fiscal year rose due to the increasing network spending by the phone carriers located in the U.S. and China. According to the companys statement, Nokias profit excluding some items over the third three months of the year, increased from 6 […] Read more

Tesco PLC share price down, Chairman Broadbent to step down as profit collapses

On Thursday Tesco said its chairman would step down, as it confirmed that first-half pre-tax profit had been exaggerated by £263m due to accounting irregularities, which had gone back further than expected. Richard Broadbent, chairman since 2011, said he would step down when managements transition is complete and business plans are in place. “It will […] Read more

Daimler AG’s share price down, posts a third-quarter profit that surpasses initial analysts’ estimates on strong Mercedes-Benz unit’s performance

The third-biggest luxury vehicles manufacturer in the world – Daimler AG – made an official statement today that its profit over the third quarter of the current fiscal year increased by 21% due to larger deliveries of its Mercedes-Benz S-Class line. The Chief Executive Officer of the company, Dieter Zetsche, said in the statement, cited […] Read more

Lloyds Banking Group Plc. share price steady, reveals plan to cut jobs

Lloyds Banking Group Plc. is set to announce a 10% headcount reduction next week as part of a three-year strategy to reduce expenses and focus on its online presence. Britain’s largest mortgage provider is expected to unveil a plan to let go of around 9 000 people of its staff, as it reports third-quarter results […] Read more

Twitter Inc.’s share price down, to release a new project to attract developers and expand its reach beyond messaging application business

Twitter Inc. is seeking a way to reach beyond its core messaging application and invests in a series of acquisitions in order to become more competitive against its biggest rivals Google Inc., Apple Inc. and Facebook Inc. The company is also trying to get into China, where its microblogging service is banned by the government. […] Read more

EMC Corp.’s share price up, posts a 8.9% revenue increase during the third quarter, cuts full-year profit forecast

The U.S.-based storage computers manufacturer, EMC Corp., reported today on its earnings over the third fiscal quarter, which came below initial analysts forecasts, amid decreasing customer spending on storage. According to the companys statement, EMC profit for the period, excluding some expenses, amounted to 44 cents per share. Its revenue increased by 8.9% to reach […] Read more