(AAPL) Apple traded down initially, but shares are up 7% pre-market after earnings and maintaining 2008 iPhone sales.(AKAM) Akamai Tech $0.30 EPS vs $0.30 estimate; shares down over 10% pre-market on guidance being in-line…
Level 3 (LVLT) missed Wall St.’s EPS estimates and offered guidance that was lackluster. The company’s revenue went no where. LVLT reported consolidated revenue of $1.052 billion for the second quarter 2007, compared to…
XM (XMSR) missed forecasts by a penny. But, more important, it showed that satellite radio is really not a hot growth business anymore, perhaps helping make the case that it needs to merge with…
AKAM cut to Neutral at Credit Suisse; cut to Hold at Jefferies; shares down 14%.ATMI cut to Mkt Perform at FBR.BIDU raised to Buy at Citigroup; shares up 17%.CFR raised to Hold at Citigroup.CVG…
ExxonMobil’s (XOM) second quarter net income was $10,260 million. Earnings per share were up 6% from the second quarter of 2006 But, earnings of $1.83 were below Wall St. forecasts of $1.96. Revenue fell…
Sprint (S) says it is working with Google (GOOG). to bring WiMAX mobile Internet customers search, interactive communications and social networking tools though a new mobile portal. Tough luck for Yahoo! (YHOO) and Microsoft…
At Comcast (CMCSA) revenue for the quarter rose 31% to $7.7 billion. Net income was up up 28% to $588 million. Cable evenue increased 12% to $7.3 billion for the second quarter of 2007…
Ford (F) surprised everyone, including Wall St. The company reported a net profit of 31 cents per share, or $750 million, for the second quarter of 2007. This compares with a net loss of…
Markets in Europe were off slightly at 6.20 AM New York time. The FTSE was down .2% to 6,442. Barclays (BCS) was off 1.3% to 705. BT (BT) was down 2.2% to 321. Vodafone…
Sony’s (SNE) results for the quarter were just fine. According to MarketWatch: The company’s net profit more than doubled in the fiscal first-quarter because of a weaker yen against the U.S. dollar and the…
Symantec (SYMC) is an odd company. Its shares are down about 12% over the last two years, and the S&P is up about 25%. The firm has bought rivals. It has accused Microsoft (MSFT)…
According to MarketWatch: Qualcomm reported earnings of $798 million, or 47 cents a share, for the quarter ended July 1 compared with earnings of $643 million, or 37 cents a share, for the same…
Bloomberg wrote, just before Baidu’s (BIDU) earnings, that the internet and investing worlds had lined up against the company. Short interest in the stock was up, and Google (GOOG) was making in-roads in China.…
When Apple’s shares first started trading after earnings came out, they dropped briefly. The 9.8 million iPods the company sold seemed to be below expectations, even if the number was up 21% over the…
AOL Finance launched a completely new home page last night. The new version is much cleaner that the old one and does not have the 1990s graphics that the site had before. Navigation improves…
According to Reuters, Apple (AAPL) turned in strong results driven by Mac sales and the stock moved up 10%. Reuters writes that Sony’s (SNE) profit tripled as webcam sales more than offset losses at…
Markets in Asia were mixed with Shanghia hitting an all-time high. The Nikkei fell .9% to 17.702. HItachi (HIT) fell 4.4% to 676. Sony (SNE) rose 11% to 6360. The Hang Seng fell .7%…
Wall St.’s expectations were for Apple (AAPL) to report earnings of 72 cents per share on 21 percent revenue growth, to $5.29 billion dollars, according to a poll of analysts by Thomson Financial. On…
Sources from Reuters say that the deal to finance the Cerberus deal to buy 80% of Chrysler from DaimlerChrysler (DCX) has been delayed due to a challenging credit market. It is not clear how…
Exxon Mobil Corp. (NYSE:XOM) hasn’t really dropped any hints about second quarter results, but there seems to be no reason to expect anything except higher earnings if you have looked at oil prices lately. …