Hmmm, all good. I wonder what excuse the market will find to go down today?
(COMTEX) B: BRIDGE TOP NEWS NOW: Microsoft Q4 earnings rise 9%, beats estimates
July 18--2343 GMT/1943 ET
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Microsoft Q4 earnings rise 9%, beats estimates Redmond, Wash.--July 18--Software
giant Microsoft Corp. (MSFT) said its fourth-quarter earnings rose 9% to beat
Wall Street estimates. Net income rose to $2.41 billion, or 44 cents a share,
from $2.21 billion, or 40 cents a share, a year ago. Analysts polled by First
Call Corp. had expected to company to earn 42 cents a share. Revenues edged up
to $5.8 billion from $5.76 billion a year earlier. (Story .5977)
Intel's Q2 profit top forecasts by a penny on robust PC demand New York--July
18--The world's largest chip maker, Intel Corp. (INTC), reported second-quarter
earnings ahead of analyst expectations, boosted by robust worldwide PC and
server demand, better-than-expected manufacturing performance and strength in
microprocessor and flash-memory-business segments. (Story .5976)
Apple edges past Wall Street views in Q3 as sales climb 17% New York--July
18--Apple Computer Inc. (AAPL) said Tuesday earnings in its third quarter came
in slightly better than expected amid a strong increase in sales. The Cupertino,
Calif.-based company said it earned $200 million, or 55 cents per share, in the
third quarter, compared with $203 million or 60 cents, in the same period last
year. Excluding a gain of $37 million, earnings per share totaled 45 cents,
edging past the 44 cents a share forecast by analysts surveyed by First Call
Corp. (Story .7872)
Merrill Lynch profit surges 34% in Q2; stock split unveiled New York--July
18--Merrill Lynch Corp. (MER), the largest U.S. brokerage, said second-quarter
earnings soared 34% on robust gains from principal investments, investment
banking, equities and asset management fees. Merrill also announced it would
split its stock two-for-one next month and boost its quarterly dividend. The
securities giant reported quarterly net earnings of $902 million, or $2.01 a
share, up from $673 million, or $1.57, in the same quarter last year. The
results exceeded the average analyst estimate by 31 cents. (Story .5971)
General Motors beats Q2 estimates despite lower auto income New York--July
18--General Motors Corp. (GM), the world's largest car maker, said
second-quarter profit topped Wall Street views despite lower income from its
North American auto division. GM posted net income of $1.8 billion, or $2.93 a
share, for the period, compared with $1.7 billion, or $2.66 a share, a year
earlier. Analysts polled by First Call Corp. had forecast earnings of %2.82 per
share. (Story .5972)
Johnson & Johnson earnings jump 16% to outstrip forecasts New Brunswick,
N.J.--July 18--Johnson & Johnson (JNJ), the world's biggest maker of medical
devices, said second-quarter profit rose a more-than-expected 16% on higher
sales of antibiotics and drugs for schizophrenia and anemia. Net income rose to
$1.33 billion, or 94 cents a share, from $1.16 billion, or 82 cents, a year ago.
Analysts had expected J&J to earn 92 cents a share. Sales rose 7.7% to $7.5
billion. (Story .5973)
The Bridge ID for this story is 00133
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