Quarterly Earnings, Second Quarter | featured news

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.

The New York Times Company reported a second-quarter loss on Thursday because of a write-down in the value of About.com and continuing declines in print and digital advertising revenue.

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.

Citigroup Inc reported lower second-quarter profit on Monday as the big banking group lost money on the sale of a stake in a Turkish bank and suffered from the drag of its troubled assets left over from the 2008 credit crisis.

IBM led the worldwide server market in Q2 2011 with a 30.5% market share, topping HP which fell to the second position after its market share dropped to 29.8%, down 1.7 percentage points from Q1 2011.

AOL shares have been under serious selling pressure for weeks now, thanks in part to a weaker-than-expected Q2 financial report that added to the Street?s growing concerns about whether the company?s turnaround strategy is actually going to work. The stock, which as recently as early July was north of $20, lately has been struggling to ...

Twenty-three lenders fell off the government’s list of so-called “problem banks” in the second quarter, bringing the total to 865.

French economic growth ground to a halt in the second quarter, raising pressure on the government to cut spending and abolish tax breaks to convince turbulent financial markets it will deliver on debt reduction targets.

Chevron reported a 51% rise in second-quarter earnings as the second-largest U.S. oil company benefited from high crude prices and stronger refining margins.

Both companies report rising sales, but Ford Motor Co. says profits fell about 8% compared with the same period last year as the automaker paid off debt and invested in new vehicles.