Corporate Earnings Report

Fannie Mae Cuts Dividend After More Lossses

admin_huliq — Fri, 08 Aug 2008 20:53:45 -0500

Fannie Mae posted a net loss of $2.3 billion, excluding preferred dividend payments, and said it would slash its dividend by 85 percent.

Freddie Mac Lost 821 Million In The Second Quarter

admin_huliq — Wed, 06 Aug 2008 06:14:35 -0500

Freddie Mac today reported its corporate earnings for the second quarter and as expected by many analysts it eneded up having a big loss. The mortgage lender company lost 821 million dollars in the second quarter.

New Economy: GM Loses $15.5 Billion, Exxon Gains That Much

admin_huliq — Fri, 01 Aug 2008 08:03:45 -0500

This morning GM reported that it lost $15.5 Billion dollars in the second quarter. Yesterday we reported that Exxon gained $11.68 billion dollars of profit in the second quarter. I am wondering if GM's loss is the biggest ever loss by a U.S. corporation in the recent history. May be not, but Exxon's gain is. Exxon sells gasoline, GM sells cars, consumers make the decisions.

Exxon's Reports Biggest Quarterly Profit Ever By Any U.S. Corporation

admin_huliq — Thu, 31 Jul 2008 08:53:43 -0500

Exxon Mobil doesn't say its earnings are the biggest every, but says rather in a more modest way. It's the calculators and the analysts are the once who said that Exxon made the biggest quarterly profit ever made by any U.S. company. I thought it was earlier said that the Oil companies do not benefit and don't like the rising oil prices...

Hitachi Turns To Profitability For the First Quarter of Fiscal 2008

admin_huliq — Thu, 31 Jul 2008 07:53:48 -0500

Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced its consolidated financial results for the first quarter of fiscal 2008, ended June 30, 2008.

Wachovia's Abysmal Earnings, Refuses To Admit Golden West Is Impaired

admin_huliq — Tue, 22 Jul 2008 09:08:40 -0500

We need to give Wachovia a bit of credit for warning investors that its earnings were going to be dismal. When you are a week away from posting a nearly $9 billion loss, and the boneheaded analyst community is still anticipating a profit, it's wise to issue a press release.

Lennar Reports Disappointing Losses Again

erku — Thu, 26 Jun 2008 10:54:24 -0500

Lennar, the second-largest US homebuilder, posted a second-quarter loss of $121 million. Around 60 cents a share out of the 76 cents a share in losses was attributed to more write-downs, indicating that the company is still losing money selling houses.

Goldman Sachs Reports Earnings Beating Expectations

admin_huliq — Tue, 17 Jun 2008 13:05:33 -0500

Goldman posted net income of $2.09 billion, or $4.58 a share, on revenues of $9.42 billion for the second quarter. Although this was a decline from the previous year's quarter, it beat analysts' lowered expectations and it actually reported earnings instead of losses, in contrast with Lehman.

Northern Foods Reports Good Progress On Strategic Plan

admin_huliq — Tue, 27 May 2008 02:26:34 -0500

Northern Foods that had earlier announced three year strategic plan, reports "good progress" for the first year and reaching profitability.

Freddie Posts Loss, Increases Level 3 Assets to "Beat" Estimates

admin_huliq — Wed, 14 May 2008 12:00:21 -0500

Freddie Mac shares rose this morning as the company posted a narrower loss than estimated by analysts. Freddie lost $151 million in the first quarter.

XM Satellite Losses Exceed Estimates

admin_huliq — Mon, 12 May 2008 13:57:16 -0500

In a brilliant PR move, XM Satellite Radio managed to report its earnings in the sixth paragraph of its actual earnings release.

MBIA Posts $2.4 Billion Loss, Shocking That Worst Was Over

admin_huliq — Mon, 12 May 2008 10:49:40 -0500

MBIA posted a loss twice as large as anticipated by analysts, as the company was forced to write-down the value of its credit default swaps by $3.58 billion.