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Alcoa quarterly profit slightly beats estimates
Jul 10th, 2012
(Reuters) - Alcoa Inc reported quarterly revenue and profit that beat Wall Street's expectations even though prices for its aluminum were at nearly two-year lows. The company posted an operating profit of $61 million, or 6 cents per share, excluding a $45 million charge as part of its effort to settle a lawsuit with Aluminum Bahrain, plus other items. On that basis, it beat Wall Street estimates of 5 cents per share, which had been lowered in recent weeks because of falling aluminum prices. ... (Source: Reuters) -
By Noel Randewich (Reuters) - Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower. Under Marc Benioff, Salesforce's CEO and founder, the company's fast revenue growth has made it a favorite with investors eager to own part of the growing ... [Full Article]
LONDON (Reuters) - British baby and maternity products retailer Mothercare posted a better-than-expected rise in full-year profit and said it was making good progress with its three-year turnaround plan. The group, which has some 1,300 stores worldwide including 255 in the UK, on Thursday reported an underlying pretax profit of 8.3 million pounds f... [Full Article]
NEW YORK (AP) - Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains. (Source: Associated Press)... [Full Article]
By Mridhula Raghavan (Reuters) - Luxury homebuilder Toll Brothers Inc reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 percent. Record-low interest rates and rising rents have encouraged more Americans to buy homes after the housing market bust, ... [Full Article]
Reuters Market Eye - Coal India Ltd may beat Jan-March earnings consensus forecast when it reports results on Monday, according to Thomson Reuters StarMine data. StarMine's SmartEstimates, which place greater emphasis on forecasts by top-rated analysts, expects Coal India to report a profit of 52.91 billion rupees for the quarter compared with... [Full Article]
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