Earnings, Third Quarter | featured news

Inventories at U.S. wholesalers rise at the fastest pace this year in September, adding to evidence that 3Q growth may have been stronger than initially thought.

Wendy's says its net loss widened in the third quarter as it paid off debt, but noted that a key sales figure rose. The company, which is in the midst of a turnaround push, says revenue at restaurants open at least 15 months rose 2.7 percent, marking the sixth straight quarter of growth.

U.S. economic growth picked up in the third quarter as a late burst in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year.

Cable giant Comcast Corp., the nation's largest provider of TV and high-speed Internet services, more than doubled its net income in the third quarter, helped by fewer cancelations of video service than expected and by breaking even on the expensive-to-produce London Olympics.

(Reuters) - The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent.

Facebook reported better than expected third quarter earnings Tuesday, giving investors hope that the company might find positive momentum. In after hours trading, Facebook stock is up 67 cents, or 3.4%, to $20.16.

United Parcel Service Inc reported lower quarterly profit on Tuesday, citing slowing global trade, and said there was "some uncertainty" about the strength of the coming holiday season.

Expectations for third quarter earnings reports were dismal. But a recent flurry of high-profile reports has investors scowling even more at the weak revenue numbers.

Microsoft is on the verge of releasing Windows 8, its biggest software product in years — and the company's lackluster financial results on Thursday underscored how badly the company needs it to deliver.

Google Inc.’s stock plunged suddenly on Thursday afternoon after a contractor released the search company’s third-quarter earnings report early, by mistake. The stock fell $68.19, or 9 percent, to $687.30 before trading was halted to give investors a chance to digest the news. Google’s report had been slated for release after the close of regular trading Thursday.