Posts Tagged ‘Sales’
NEW YORK (CNNMoney) — Microsoft likes to talk about how its business doesn’t rely on personal computer sales to consumers. It proved the point this quarter.
While consumer PC sales dropped 8%, Microsoft’s profit rose 31%. The company’s overall sales were up 13%, to $16.4 billion.
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“Despite the mixed PC environment, we delivered strong results,” [...]
NEW YORK (CNNMoney) — Amazon’s stock fell 5.7% in after-hours trading Tuesday after the company reported first-quarter earnings that fell by one-third compared to a year earlier — and sharply missed Wall Street forecasts.
After the bell Tuesday, Amazon (AMZN, Fortune 500) reported that its net income in the first quarter fell to $201 million, or [...]
This morning we received three different retail sales reports from the UK, Canada, and New Zealand, each telling a different story about economic progress. Retail sales are a good barometer of consumer expectations and confidence, and can sometimes forecast inflation fears. The logic is that if you think prices are going up, you may want [...]
Quote of the day: “Debts are nowadays like children begot with pleasure, but brought forth in pain” – Moliere
EURUSD
Trading strategy: looking to sell a small size on rally to 1.3090, stop at 1.3140 (0.5% risk), 1st objective at 1.3040, 2nd objective at 1.2960
Good morning. The Euro rose to $1.3015 session high ahead of Portugal’s [...]
THE AGE OF THE TABLET COMPUTER is upon us, and Wall Street stepped up its efforts this week to gauge just how destructive the trend will be to the traditional personal-computer market.
Computer-industry observers have been warning for months now that tablets are primed to “crowd out,” or cannibalize, personal-computer sales because they can perform a [...]
NEW YORK (CNNMoney.com) — China’s leading search engine reported a profit that doubled in its most recent quarter, on sales that soared 76% compared to last year.
Beijing-based Baidu had net income of 1.05 billion yuan, or $156.4 million, in the quarter ended Sept. 30. That’s up 112% from last year.
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On a per-share basis, [...]
NEW YORK (CNNMoney.com) — Ohio’s top law enforcement official, firing another shot across the bow of Ally Financial, asked a judge on Friday to stop the sale of foreclosed homes in cases that relied on faulty paperwork.
State Attorney General Richard Cordray sued the lender last week, alleging that the bank and its employees had signed [...]
NEW YORK (CNNMoney.com) — Cisco Systems Inc. posted a 79% jump in quarterly profit Wednesday, but the tech bellwether’s revenue missed Wall Street’s expectations. The company’s sales outlook was also a slight disappointment.
The network equipment maker posted net income of $1.9 billion, or 33 cents a share, in the fiscal fourth quarter, up 79% compared [...]
There is talk of selling by a quasi-official name on strength in EUR/USD, perhaps dealing for one of its central bank clients. Put a gun to my head and I would guess it is the SNB selling EUR again, but that is purely an educated guess.
EUR/USD continues to find resistance at 1.3235 and has dipped [...]
AT&T Incorporated, the largest telecommunications company in the US, or T in the New York Stock Exchange topped the market’s earnings estimate due to the increased demand in iPhones. Thanks to its exclusive contract to sell the iPhone, the company was able to sell 3.2 million units of the phone and gained [...]
