NEW YORK (MarketWatch) -- Among the companies whose shares are expected to see active trade in Friday's session are IBM, Washington Mutual and AMD.
International Business Machines Corp. (IBM:![]()
, , ) on Thursday said it earned $3.95 billion from continuing operations, or $2.80 a share, for its 2007 fiscal fourth quarter, compared to $3.46 billion, or $2.26 a share in the prior-year period. IBM's revenue was $28.9 billion in the latest quarter compared to $26.26 billion the year earlier. The results matched what IBM said it would report when it gave preliminary results before the market opened on Monday.
IBM
Sponsored by:
Washington Mutual Inc. (WM:![]()
, , ) on Thursday reported a $1.87 billion net loss as the lender continued to struggle in the face of a meltdown in the mortgage industry. The company lost $2.19 a share in the period after taking a $1.6 billion charge to write down the value of its home-loan business and set aside more provisions to cover the cost of housing-market weakness.
WM
Sponsored by:
Advanced Micro Devices Inc. (AMD:![]()
, , ) on Thursday reported a fourth-quarter net loss of $1.772 billion, or $3.06 per share, on revenue of $1.77 billion, compared to a loss of $576 million, or $1.08 per share, on revenue of $1.773 billion for the same period last year. The loss included a $1.675 billion operating charge. Wall Street had expected the company to report revenue of $1.79 billion, according to a survey by Thomson Financial.
AMD
Sponsored by:
Watch list
NYSE Euronext (NYX:![]()
, , ) late Thursday said it will acquire the American Stock Exchange for $260 million in stock, in a move to boost its overall trading volume. NYSE, the New York equities exchange, said it expects the acquisition, expected to close in the third quarter, to add to 2009 full-year earnings and expects run-rate cost savings of more than $100 million. Shareholders of Amex will also be entitled to additional NYSE shares after the sale of Amex's lower Manhattan headquarters
NYX
Sponsored by:
Xilinx Inc. (XLNX:![]()
, , ) on Thursday said fiscal third-quarter net income increased 18% to $103.6 million, or 35 cents a share, from $87.5 million, or 26 cents a share, a year earlier. The San Jose, Calif.-based logic chip maker's revenue rose 5.3% to $474.8 million in the period ended Dec. 29 from $450.7 million in the year-ago period, boosted by particularly strong North American and new-product sales. On average, analysts polled by Thomson Financial expected per-share earnings of 32 cents on revenue of $464 million. Xilinx expects fiscal fourth-quarter revenue to be down 1% to up 3% sequentially. The company said it will no longer issue mid-quarter business updates.
XLNX
Sponsored by:
Texas Instruments Inc. (TXN:![]()
, , ) on Thursday said Chairman Thomas Engibous will retire on April 17. The Dallas semiconductor maker said Richard Templeton will become the company's new chairman, in addition to his current position as president and chief executive.
TXN
Sponsored by:
Continental Airlines Inc. (CAL:![]()
, , ) said Thursday its fourth-quarter revenue climbed more than 11% thanks to more traffic and higher fares that helped to offset a sharp increase in fuel prices. The Houston-based airline also said it earned $71 million before taxes during the December quarter, or $24 million when excluding special items. Continental said it will finalize financial results earnings after recoding a special non-cash tax charge. The company lost $4 million before taxes in the year-ago quarter. 
Nick Godt is a MarketWatch reporter based in New York.CAL
Sponsored by:
No comments:
Post a Comment
Your spam will not get posted on my blog. No wizetrade spammers etc