Better-than-expected, Quarterly Earnings | featured news

Toymaker Hasbro sees its results beat market expectations, despite seeing its losses widen as it continues cost-cutting efforts.

Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled.

Kraft Foods' net income rose 13 percent in the third quarter, the food maker said Wednesday, as new products and increased advertising helped it top Wall Street expectations.

Shares of security software vendor AVG Technologies are trading sharply higher Thursday on better-than-expected Q3 financial results. For the quarter, AVG posted revenue of $95.3 million, up 34% from a year ago, and ahead of the Street at $85 million.

General Motors Co on Wednesday posted a far stronger-than-expected profit and said it was targeting a return to break-even levels in its money-losing European operations by mid-decade after a loss of as much as $1.8 billion in that region this year.

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar.

General Electric Co called the end to its two-year slump on Friday, reporting earnings that beat Wall Street forecasts and saying profit should rise through the rest of 2010.