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WestJet Q4 Earnings Fly Past Expectations

westjetThe Calgary-based airline company, WestJet Ltd, announced strong fourth quarter earnings today, surpassing Wall Street expectations.

The company reported total net profits of $47.9-million ($0.33 per share) in the period. Analysts were expecting about $0.20 EPS.

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Google stock surges in after hours trading as Q3 earnings top Wall Street

googleLate Thursday, Google reported financial earnings for the third quarter of this fiscal year, reporting a strong surge in total profits.

Google’s total revenue for Q3 2010 was up 23-percent over the same period last year to $7.2-billion (or $5.5-billion net of partner fees).

The company reported $2.17-billion in net income ($6.72 per share), up a significant 32-percent from the same period last year.

Both revenue and total profits exceeded market expectations, with Wall Street analysts expecting earnings of $6.69 per share.

The company more recently began diversifying into other segments, including by building its own open source operating system, Google Android, and even venturing into renewable energy.

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FedEx stock surges as full year forecasted earnings upped

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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Nokia optimistic as second quarter profits down 31-percent

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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Citigroup delivers strong second quarter earnings, misses expectations

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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SEC filing shows RIM sales down in key international markets

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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Oracle posts strong Q4 earnings, chips away at SAP’s market share

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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Nike’s strong earnings fail to impress Wall Street

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 Systems posts record 2nd quarter earnings

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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Bank of Montreal reports strong Q2 earnings, marks fifth consecutive quarterly increase in profit

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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