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TD Ameritrade profit dips but beats forecast
Jul 17th, 2012
Online brokerage TD Ameritrade's net income slipped 2 percent as trading slowed in its fiscal third quarter, but the company beat Wall Street expectations because expenses were down and investors entrusted the firm with more money. (Source: Associated Press) -
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]
By Angela Moon NEW YORK (Reuters) - U.S. stocks mostly edged lower on Thursday but were sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus. Hewlett-Packard jumped nearly 15 percent and helped the Dow s... [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]
HONG KONG (Reuters) - Shares in Chinese personal computer maker Lenovo Group Ltd jumped more than 4 percent after it reported a forecast-beating 90 percent rise in quarterly profit, its fastest in seven quarters. The stock rose as much as 4.3 percent in afternoon trade to HK$7.49 after it posted net profit of $126.9 million in the quarter ended in ... [Full Article]
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