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MGM Reports Q1 Losses, Positive About 2011
Thursday, May 6, 2010 - 10:59am | 145Read More...MGM Mirage Inc (NYSE: MGM) reported losses of $96.7 million or $0.22 a share for the first quarter, as compared to net income of $105.2 million or $0.38 a share in the year-ago period. While the losses were in-line with the guidance, they were lower than the Street view. MGM’s revenues for the...
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CVS Caremark Q1 Profits Jump On Rising Sales
Tuesday, May 4, 2010 - 10:36am | 132Read More...An increase in pharmacy revenues caused the quarterly profits of the largest US prescription drugs provider, CVS Caremark Corp (NYSE: CVS), jump by 4.5%. From $738 million or $0.50 a share a year back, CVS’ Q1 net income has risen to $771 million or $0.55 a share. Excluding one-time items, profits...
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Lower Cost Structure Boosts ETN Profits By 29%
Monday, January 25, 2010 - 11:02am | 186Read More...Diversified manufacturer Eaton Corp (NYSE: ETN) reported a 29% jump in quarterly profits, despite a decline in sales. The Cleveland-based manufacturer gave credit to modestly stronger markets and substantially improved operating performance for the results that handily beat its guidance. ETN’s...
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BAC Drowns In The Red Sea
Wednesday, January 20, 2010 - 9:04am | 202Read More...Bank of America Corp (BAC) sank further into the red, with losses widening in 4Q to $5.2 billion, or $0.60 a share, from $2.4 billion, or $0.48 a share, in the year-ago quarter. The results were particularly disappointing, since the consensus expectations were for losses of $0.43 a share. Excluding...
