The second-top parcel delivery company in the world, FedEx, today upped earnings projections for the current fiscal quarter and for full year earnings.

The company’s Chief Financial Officer (CFO), Alan Graf, made the announcement early today in a written statement.

Mr. Graf said the increase in earnings projections were a direct result of better-than-anticipated volume growth with Express and Ground shipments.

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The top mobile phone maker by volume in the world, Nokia, today released earnings for the second quarter of 2010.

The company reported a massive operating loss of EUR 295-million, marking a significant 31-percent increase in operating losses compared to the same period last year.

Nokia is still shipping the most volume when it comes to mobile phones in the world, posting net sales of EUR 10-billion (shipping 111.1-million units in the period), up 1-percent YoY, but the company is suffering from slumping profits because it is selling fewer smartphones that normally carry higher margins.

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The New York City-based financial intermediary, Citigroup, today announced earnings for the second quarter of 2010.

The bank reported total revenue of $22.1-billion, and a strong $2.7-billion ($0.09 per share) net profit for the period, marking the second straight quarter of consecutive growth.

Net earnings topped The Street’s expectations, but the Citigroup stock (NYSE:C) is trading more than 3.70-percent down to about $4 per share as actual revenue missed expectations.

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A new SEC filing by Research In Motion (RIM), the maker of the popular BlackBerry smartphone, shows sales figures for the latest quarter segmented by geographic areas.

RIM previously reported an aggregate sales number, reporting aggregate sales were up just over 10-percent in the quarter.

However, according to the SEC filing, most of that growth came from the United States, with other key international markets reporting a decrease in sales over the same period last year.

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The technology giant, Oracle Inc., today released earnings for the fourth quarter of 2010.

The company posted strong revenues and net earnings.

Revenue for Q4 ’10, ended May 31st, was up almost 40-percent from Q4 ’09 to $6.6-billion.

Oracle reported $2.4-billion ($0.46 per share) in net profits in the period, up significantly from $1.9-billion ($0.38 per share) in the same period last year.

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The world’s largest apparel company, Nike Inc., today announced earnings for the fourth quarter of 2010.

Net income also increased significantly by over 50-percent in the quarter to $522-million ($1.06 per share) compared to the same period last year.

The company posted strong earnings, with total revenue up 8-percent year-over-year to $5.1-billion, excluding currency charges, but still failed to meet Wall Street analyst expectations.

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Adobe Photoshop Creative Suit 5

Adobe Systems, the maker of the popular Internet platform Flash, announced [PDF] earnings for the second quarter of 2010 late this afternoon.

The company posted record quarterly earnings, posting total revenue of $943-million for the period ended June 14. Total revenue in the period compares to $704.7-million in the same period of the last fiscal year.

The actual earnings beat internal company forecasts of revenue between $875-million and $925-million.

Adobe president and CEO Narayen said today the strong earnings can be attributed to strong sales of Creative Suite 5.

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One of Canada’s top five banks today, the Bank of Montreal, posted earnings for the second quarter of 2010.

The bank reported higher than expected earnings as provisions for bad debts declined significantly.

The bank said total bad loan expenses in the period were $249-million, down from $372-million in the same period last year.

Aggregately, the Bank of Montreal reported net earnings of $745-million ($1.26 per share) in the period, marking the fifth straight quarterly increase in both revenue and net income. This compares with $387-million in net income in the second quarter of last year, an increase of almost 50-percent.

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The discount retail giant Target today reported earnings for the first quarter of 2010.

The company said total sales were up 5.5-percent to $15.2-billion in the quarter ended May 1, 2010, compared to $14.4-billion in the same period in 2009.

Net earnings for the quarter were $671-million, up over 28-percent from $522-million in Q1 ’09.

EPS was $0.90 per share, compared to $0.69 YoY.

The earnings marginally beat the Street’s expectations.

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George Weston Ltd, the food giant that owns Weston Foods, Loblaw, among other brands, today reported earnings for the first quarter of 2010.

The food giant reported total sales across al segments of $7,177-million, up marginally from $7,022-million in the same period last year.

Aggregate operating income was $274-million in Q1 ’10, compared to $101-million in Q1 ’09.

Net earnings fell sharply from Q1 2009 from $863-million ($6.61 per share) to $42-million ($0.25 per share) in the first quarter of 2010.

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