Pfizer Inc. (PFE) reported a drop of 70% in its fourth-quarter net income. Pfizer (PFE) also posted its first yearly sales decline with its top drug, Lipitor. The world’s largest drug maker recorded a net income of $2.88 billion (42 cents a share). This is down from the prior year’s recorded net income of $9.45 billion ($1.32 a share). Last year’s $7.9 billion gain was due to the sale of its consumer health care unit to J&J (JNJ). Continue reading
During the fourth quarter, Johnson & Johnson (JNJ) had a 9.5% rise in net income due to the foreign exchange rates, fervent consumer-products sales and a year-earlier charge.
The company’s revenue for medical-devices rose 11.3% due mainly in part to currency impacts. However, sales from the Cypher, which is the company’s drug-coated stents has declined. The stents are tiny mesh devices used to prop open heart arteries. Medicine coated stents are used to help tackle re-narrowing. Reports have shown that these devices may carry a higher risk of blood-clotting than those uncoated in medications. These drug coated stents have been declining in sales since 2006, therefore, reducing stock trading and stock investing performance. Continue reading
TD Ameritrade Holding Corp. (AMTD) said its quarterly net income jumped 65% as volatile markets contributed to higher client trading, while the online broker also lifted its profit outlook.
The company said its fiscal first-quarter earnings rose to $240.8 million, or 40 cents a share, from $145.6 million, or 24 cents a share, a year earlier, boosted in part by higher average client trades per day and higher fee-based balances. The Omaha-based online brokerage company said net revenue for the quarter ended Dec. 31 increased to $641.6 million from $535.2 million. TD Ameritrade also increased the midpoint of its fiscal 2008 forecast to $1.32 a share and adjusted its outlook to $1.23 to $1.41 a share. Continue reading
Motorola (MOT) lost a significant amount of stock investing value over the past year. Globally, it fell to third place. This is due to a lack of new handsets. Analysts predict it could take the entire year of 2008 to show any signs of progress due to the fact that it can take several years to create a new phone and the cost of phones are still too high. Investors stock investing in these stocks will most likely not see high returns on investment, unfortunately.
In fourth-quarter 2007, Motorola (MOT) reported a net income of $100 million, equaling to 4 cents a share. This is down from $623 million at 25 cents a share, just last year. This significant loss is attributed to sales dropping 18.2% to $9.65 billion from $11.79 billion. Continue reading
Apple’s (AAPL) stock investing shares fell almost $28 to $127.90 in the company’s earnings report for December quarter. Apple (AAPL) delivered a 58% growth in net income for the period. But it issued a forecast for the current quarter that was below Wall Street’s predictions. This drop put Apple (AAPL) stock investing shares at its lowest point since August. Continue reading
U.S. Stocks had a six-session losing streak, especially in the stock investing and stock trading areas. The Dow Jones Industrial Average (DJIA) bounced back from 325-point deficit to end nearly 300 points ahead. Many investors chose to bet on another rate cut by the Federal Reserve. Continue reading
General Electric Co. (GE) fourth-quarter net income rose 4%, amid continuing strength in its infrastructure and commercial finance divisions.
The Fairfield conglomerate reported net income of $6.7 billion, or 66 cents a share, versus $6.44 billion, or 62 cents a share, a year earlier. Excluding discontinued operations, earnings from continuing operations rose to 68 cents a share from 58 cents. The company had predicted earnings from continuing operations of 67 cents to 69 cents a share. Revenue grew 18% to $48.59 billion, with more than half coming from outside the U.S. Continue reading
BlackRock Inc.’s (BLK) fourth-quarter earnings jumped 90% as the investment-management firm benefited from strong demand for its advisory and alternative-investment services.
Net income at the New York company rose to $322.4 million, or $2.43 a share, from $169.4 million, or $1.28 a share, a year earlier. The latest quarter’s results include a 1-cent integration charge associated with the company’s September 2006 acquisition of the operations of Merrill Lynch Investment Managers, while such charges a year earlier totaled 25 cents. Continue reading
A new investment strategy is sweeping developing countries, such as China and the Middle East. This investment strategy is the investment of gold. A new class of investors is adding a twist to the market. The rush to invest gold has helped in the increasing prices. This week, gold crossed $900 an ounce. It even went up to $1,000 at some point. Continue reading