On 'super-earnings' Tuesday- some indications:MOT & JDS Uniphase down, ETEK soars on JDS deal:
cbs.marketwatch.com
Also:
Pfizer earnings jump
8:08 a ET
Pfizer Inc. Tuesday reported net earnings jumped to $954 million, or 25 cents a diluted share, in the fourth quarter, topping year-earlier results and Wall Street forecasts of 23 cents a share. Sales at the company, one of the biggest U.S. drug makers, grew 17% to $4.5 billion.
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07:39 [C] CITIGROUP Q4 EPS OF 75C BEATS FIRST CALL EST. OF 70C
07:38 [ONE] BANK ONE SAYS Q4 NET 78 CENTS VS. 88 CENTS YEAR AGO; MATCHES CONSENSUS
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Motorola beats profit estimates
SCHAUMBURG, Ill. -- Motorola, the world's No. 2 maker of cellular phones,
said fourth-quarter profit more than tripled on sales of digital mobile phones and
a turnaround in its semiconductor business. Profit from operations surged to
$514 million, or 82 cents a share, from net income of $159 million, or 26 cents, a
year earlier. Revenue climbed 1.9% to $8.45 billion from $8.34 billion. Motorola
is benefiting from worldwide demand for cell phones. Shipments from all
manufacturers will increase to at least 1 billion in 2005 from about 400 million
this year, according to Dresdner Kleinwort Benson.
The company is expanding its line of digital models to take on No. 1 Nokia Oyj. Motorola, the world's No. 6
semiconductor maker, also is profiting from a restructuring of its sprawling chip
business the past two years. The company cut jobs and sold lower-profit lines to
concentrate on more profitable products. Motorola shares rose 12.44, or 9%, to
a record $151 Friday. U.S. markets were closed Monday. Motorola's shares
have more than doubled in the past year. Analysts expected profit of 81 cents,
according to First Call/Thomson Financial. Including charges of $236 million
pretax, or 26 cents after tax, for exposure to the struggling Iridium LLC satellite
venture and other items, the company had net income of $349 million, or 56
cents. There were no charges in the year-ago quarter. |
