United States

As its customers face unemployment, Wal-Mart lowers holiday outlook

Wal-Mart Stores Inc posted a higher-than-expected quarterly profit, but forecast earnings during the key holiday quarter that could miss Wall Street estimates as its customers face rising unemployment.

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Microsoft reports revenue declines but beats Wall Street estimates

Microsoft reported its revenues for its first fiscal quarter today were down 14 percent at $12.92 billion, but the company beat Wall Street estimates.

Net income was $3.57 billion, or 40 cents a share. Analysts had expected 32 cents a share, and the  stock is up today. Revenues from yesterday’...

Microsoft’s Q3: Earnings, Revenue Down, but Still Beat the Street

Despite a 18% drop in earnings and a 14% drop in revenue in Q3, Microsoft still beat Wall Street estimates for its earnings per share by 25% (eight cents).

Naturally Microsoft’s revenue reports cover their bottom line, which includes all of their software, hardware, gaming and other offerings, ...

Ballmer Stunned Bartz Won’t Sell Search

*pfffoooo!* Pardon the dust, folks. Just have to clean off this old story. . . . There. So, it looks like Steve Ballmer is still—still—interested in buying Yahoo search. Just one short year (plus three weeks) after an initial offer to buy out the company, and all the drama that followed, B...

Coca-Cola Profit Beats Estimates

Despite a worldwide recession and volatility in the currency markets, the company’s adjusted earnings beat Wall Street estimates and its case volume grew.

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