May 7, 2010
AP – STRONG EARNINGS: DirecTV Inc.’s first-quarter net income nearly tripled to $558 million, or 59 cents per share. Cablevision Systems Corp.’s earnings more than tripled to $74.2 million, or 24 cents per share. Charter Communications Inc. swung to a profit of $24 million, or 21 cents per share.
Reuters - Qualcomm Inc's quarterly profit easily beat Wall Street forecasts and the wireless chip leader raised its full-year financial targets due to growing demand for smartphones such as Apple Inc's popular iPhone.
Reuters - GT Advanced Technologies posted quarterly profit above analysts' estimates for the ninth time in a row, partly helped by better performance at its polysilicon segment, but it cut the upper end of its full-year earnings outlook.
AP - Shoppers spent more money online this holiday season than ever before, and yet, Amazon _the world's largest Internet retailer_ failed to meet Wall Street's sales expectations with its latest financial results.
AP - Amazon's fourth-quarter net income dropped sharply, weighed down by higher operating expenses even as revenue grew. Investors clobbered the online retailer's stock in after-hours trading, as the company also gave a disappointing forecast for the current period.
Reuters - A review of Research In Motions' leadership structure by a committee of independent directors has concluded that no future chief executive or other employee can be chairperson of the BlackBerry maker.
Reuters - Canon Inc forecast weaker-than-expected earnings growth for 2012, citing worries over a slowing global economy and a strong yen that are likely to weigh on the export-dependent camera and printer maker's profits.
Reuters - AT&T Inc posted a massive quarterly loss due to a break-up fee for its failed T-Mobile USA merger and other charges on top of costly subsidies for smartphones such as Apple Inc's popular iPhone, sending its shares down more than 2 percent .