Disney Earnings Tied To Movie Appeal
The company that provides entertainment for every generation reported earnings improved for the second fiscal quarter-ended March 31st even as a major movie flopped in theaters. Disney (NYSE:DIS) posted earnings of $1.13 billion or 58 cents per share up 21 percent from the same period one year ago, beating analysts expectation of 55 centers per share. The news sent company shares to an all-time record high of $45.45 and may be just the … [Read More...]
Stocks Continue to Decline on Greek, European Worries
U.S. equities continued their decline Wednesday morning due to Greek sovereign debt worries combined with European uncertainty following elections over the weekend. As of 10:30am Eastern Time Wednesday, the Dow Jones Industrial Average index (DJIA) had lost 170 points, or 1.36%, to 12,761 points. That follows a 76 point loss during Tuesday's stock market trading session. Greek Concerns Arise Again Over the weekend, Greeks elected … [Read More...]
Intel To Raise Cash Dividend
On the heels of reporting record-breaking revenue for last year, chipmaker Intel (NASDAQ:INTC) announced that it is once again raising its quarterly cash dividend, payable to shareholders in the third fiscal quarter of this year. The 7.1 percent increase brings the dividend to 22.5 cents per share and yields 3.1 percent based upon the current share price. The company has witnessed its share price increase by 28 percent, rising from $24.54 … [Read More...]
Facebook Woos Investors, CEO Mark Zuckerberg in Hoodie
In a rather bizarre scene on Monday, Facebook CEO Mark Zuckerberg met with potential investors in Manhattan. Conventionally, a presentation to would-be owners would warrant a suit and tie, but not for Zuckerberg, who became a household name following the success of Facebook and the national media exposure of the movie "Social Network." What was Zuckerberg wearing, you ask? How about a black hoodie and jeans? No, the Facebook chief wasn't … [Read More...]
First Solar (FSLR) Stock Hits All-Time Low
Shares for solar panel installation company First Solar Inc. (NASDAQ:FSLR) reached an all-time low during Monday's stock market trading session. The firm's First Quarter 2012 Earnings Report came in under most analysts' estimates . The stock was also downgraded by TheStreet Ratings Monday from "hold" to "sell" due to "deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in … [Read More...]
French and Greek Elections Spark More European Uncertainty
In a weekend filled with major headlines in the Eurozone, Socialist candidate Francois Hollande was elected as France's new president over current head of state Nicolas Sarkozy. In Greece, Antonis Samaras of the New Democracy Party won federal elections and began Monday forming his government; raising fresh questions on whether the struggling country will abide by austerity policies and retain the Euro as its national currency. Hollande in … [Read More...]
Southwestern Energy (SWN) Shares Decline on Q1 Earnings
Natural gas and crude oil exploration company Southwestern Energy (NYSE:SWN) reported its first quarter 2012 earnings on Friday, which came in well below many analysts expectations. Although gas and oil production rose 16% to 133.4 Bcfe compared to Q1 of 2011, net income came in at only $107.7 million, or $0.31 per share for the first quarter of fiscal year 2012. This compares negatively with YOY results from Q1 2011 which were $136.6 million, or … [Read More...]