Earnings | featured news

Thomson Reuters Corp. profit rose 64% in the second quarter, helped by no longer having to pay integration expenses from its merger, though the company continued to face sluggish growth in its segment serving financial professionals.

Chrysler reported its second-quarter profit soared as its predominately North American operations shielded it from the European economic slowdown on plaguing its U.S. competitors.

The company reports a swing to an operating profit in its broadcasting unit despite lower revenue, but warns that its return to overall profitability may be delayed.

If Apple Inc's weaker-than-expected quarterly result is anything to go by, the global smartphone industry is a lot more vulnerable to economic shocks these days than during the 2008-2009 financial crisis.

Facebook‘s first quarterly report is inspiring few new friends. The social network swung to a loss in the most recent period, casting fresh doubts on the company’s ability to monetize its giant user base. The Menlo Park, Calif.-based company posted a $157 million, 8 cents a shares, loss in the quarter, down from a $240 million profit. Excluding hefty stock compensation charges, Facebook earned $295 million, 12 cents a share. That meets the Wall Street forecast.

The company reported net income of $7 million, or 1 cent a share, on sales of $12.8 billion. It was less profit than analysts had estimated, but the revenue was in line with forecasts.

Sprint Nextel Corp., the country's third-largest wireless carrier, on Thursday reported a wider loss for the second quarter as wrote down the value of its moribund Nextel network.

Exxon Mobil Corp, the world's largest publicly traded oil company, posted lower-than-expected quarterly earnings on Thursday as its oil and gas output sagged and its chemicals business struggled.

RadioShack Corp. said today that it’s eliminating its dividend to shareholders as it reported a second quarter loss. The Fort Worth-based consumer electronics retailer reported a net loss of $21 million, or 21 cents a share, compared with a profit of $24.9 million, or 24 cents a share a year ago. Total sales increased 1.2 percent from a year ago and same-store sales were flat.

This is Apple’s second earnings miss under Tim Cook. After the second miss, the scrutiny of Tim Cook’s leadership inevitably comes into play. The big question is, “Are Steve Jobs’ shoes too big to fill?” Steve Jobs was a master at managing expectations. He mastered the art of under promising and over delivering. Steve Jobs perfected the art of managing expectations by not giving good guidance regarding earnings.