Delta Air Lines, Inc. (NYSE:DAL) posted a loss of $712 million on fuel hedge settlements in its fourth quarter results, although the carrier beat analysts expectations. Adjusted pre-tax profit is at $1 billion for the quarter, bringing the annual pre-tax profit at $4.5 billion. Revenue soared by 6 percent by the quarter to $9.65 billion,…
AT&T Inc. (T) Reports $10 Billion in Charges for Fourth Quarter Results
AT&T Inc. (NYSE:T) estimates a total loss of about $10 billion prior to tax as per its fourth quarter results. The amount, according to the company’s regulatory filing, accounts for a $7.9 billion cost of changes in retiree and benefit plans, while the remaining $2.1 billion accounts for a noncash charge on copper assets that…
Dollar General Corp. (DG) Failing Family Dollar Stores, Inc. (FDO) Bid
Dollar General Corp. (NYSE:DG)’s bid for Family Dollar Stores, Inc. (NYSE:FDO) may soon come to a finish, after the discount retailer hinted that it would need additional time for its bid to get approval from regulators. In a statement, Dollar Green noted that certifying compliance with the second request for information from the Federal Trade…
Bank of America Corp (BAC) Post Weaker Fourth Quarter Results on Low Interest Rates
Bank of America Corp (NYSE:BAC) disappointed Wall Street with a 14 percent decline on fourth quarter results, reporting a quarterly earnings of $2.74 billion, at 25 cents per share applicable to common shareholders, on revenue of $19 billion after tax adjustments. Analysts on average expected earnings at 32 cents a share, while earnings on the…
Intel Corporation (INTC) Shares Slide on Weak First Quarter Outlook
Intel Corporation (NASDAQ:INTC) shares was down in after hours trading on Thursday on news of a gloomy first quarter, after the chipmaker have posted fourth quarter that beat expectations. Currently trading at $36.19 per share at the NASDAQ, Intel stock was down 2.8 percent, or as much as $35.16, in extended session before closing to…
Interpreting Apple Inc (AAPL)’s Performance in Today’s Downslide
When the market tumbled on Wednesday, 14th January, 2015, analysts were out searching for a reason to explain the sharp downslide. Eventually it was attributed to disappointing earnings by companies like JP Morgan, Apple Inc (NASDAQ:AAPL) being in trouble and economic growth becoming sluggish the world over. CNBC covered the same in their studio with…
Amazon.com, Inc. (AMZN) Aims to Entice Customer Spending with Instant Refund
Amazon.com, Inc. (NASDAQ:AMZN) is not only highly popular with the wide array of its product offerings and quick delivery service, it is also now getting known for its customer-friendly return policies as well. E-commerce data company StellaServiceInc., whose research is cited by Bloomberg, has recently found out it takes only an average of 1.3 days for…
Apple Inc. (AAPL) Starts 2015 With Record Performance
Apple Inc. (NASDAQ:AAPL) seem to be starting the new year with a stellar performance. In a report released Thursday, the tech giant revealed that its App Store generated a 50 percent surge in apps and in-app purchases for the year 2014, putting revenue for developers to be worth about $10 billion. The App Store offers…
Apple Inc (AAPL) Posts 50% Growth in 2014 Apps Sales
Apple Inc. (NASDAQ:AAPL) reported on Thursday that its App Store has realized a sales of almost half a billion dollars for the first week of 2015 in app sales as well as in-app purchases from customers all over the world, noting further that the New Years day set a record hit for the biggest sales…
T-Mobile US Inc (TMUS) Exceed Targets for 2014 Subscriber Growth
T-Mobile US Inc (NYSE:TMUS) is the smallest of the US’ main mobile phone carriers, but it certainly is not the smallest in terms of subscriber growth. The network has reported it has acquired post paid subscriptions from 1.3 million new customers as of the fourth quarter, with 1 million of the new subscribers being on…