Earnings roundup: Dell income falls 6 pct, Wal-Mart feels recession pinch in 4Q as sales drop

Thursday, February 18, 2010

Earnings roundup: Dell, Wal-Mart

Among the earnings stories for Thursday, Feb. 18, from AP Financial News:

SEATTLE (AP) — Dell Inc. said its net income fell 6 percent in the last quarter despite early signs that businesses may be starting to buy new computers again.

NEW YORK (AP) — Wal-Mart Stores Inc., one of the recession’s biggest beneficiaries, felt the pinch during the fourth quarter as sales fell at U.S. Walmart stores for the first time.

UNDATED (AP) — DirecTV Inc. reported a fourth-quarter loss after absorbing a hefty merger charge. The nation’s largest satellite TV operator also added 60 percent fewer new subscribers as competitors’ discounts and a weak economy took their toll on growth.

NEW YORK (AP) — KBW Inc. reported a fourth-quarter profit, reversing a year-ago loss, but its shares tumbled nearly 7 percent as the results widely missed analysts’ expectations.

CLEVELAND (AP) — Goodyear Tire & Rubber Co., helped by growing sales in emerging markets, reported a fourth-quarter profit that easily beat most expectations.

RICHMOND, Va. (AP) — Pump and valve maker Colfax Corp. said that its fourth-quarter profit fell by half as restructuring charges cut into results. But its adjusted results topped Wall Street forecasts.

LOS ANGELES (AP) — Broadcasting company CBS Corp. said its net profit fell by more than half in the holiday quarter as a gradual improvement in the advertising market was unable to lift overall revenue.

will not be displayed