Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

U.S. Stocks Pare Some Gains After New Home Sales -2-

01/25/2013 | 07:16am US/Eastern
Recommend:
0

Hancock Holding Co.'s (>> Hancock Holding Company) fourth-quarter profit more than doubled as merger-related costs weighed on the regional lender's year-ago results.

Juniper Networks Inc.'s (>> Juniper Networks, Inc.) fourth-quarter earnings edged down 0.5% as stronger router sales helped balance weaker spending on switches by some big enterprise customers. Overall, revenue from the company topped management's conservative October guidance as sales of switching platforms--often used by companies building large private data centers--slipped 6.5% in the quarter.

KLA-Tencor Corp.'s (>> KLA-Tencor Corporation) fiscal second-quarter earnings fell 3.8% as rising costs outpaced higher revenue at the semiconductor-equipment company.

Lattice Semiconductor Corp. (>> Lattice Semiconductor) swung to a fourth-quarter loss as the chip maker suffered from broad-based demand softness. Earnings results narrowly beat expectations.

An appeals court in California has tossed a portion of a nearly $310 million verdict against Mattel Inc. (>> Mattel, Inc.) in a long-running copyright-infringement lawsuit against Bratz doll maker MGA Entertainment Inc.

Microsoft Corp.'s (>> Microsoft Corporation) fiscal second-quarter earnings slipped 3.7% as the software giant reported weaker sales in its business and entertainment divisions, though revenue in its core Windows business strengthened. Shares of Microsoft slipped 2.1% to $27.06 after hours.

ResMed Inc.'s (RMD, RMD.AU) second-quarter earnings rose 24% as the respiratory-device maker's revenue jumped, particularly in the Americas. Results beat Street expectations.

Sonic Corp. (>> Sonic Corporation) said its President Scott McLain will resign, effective March 31, and his title will be assumed by Chairman and Chief Executive Cliff Hudson.

Starbucks Corp.'s (>> Starbucks Corporation) profit jumped 13% in the latest quarter, propelled by higher sales in the U.S. and even China, where others have stumbled lately. Global same-store sales improved 6%, ahead of expectations of 5.4% growth from analysts polled by Thomson Reuters. Shares were up 2.6% to $56 after hours.

Moody's Investors Service has boosted the outlook for Valmont Industries Inc. (>> Valmont Industries, Inc.) to positive from stable, citing improved profitability over the past year and expectations of moderate global growth.

VeriSign Inc.'s (>> Verisign, Inc.) fourth-quarter earnings climbed 96% as the Internet-domain-name company revenue and margins strengthened and as special items boosted bottom-line results.

W.R. Grace & Co. (>> W.R. Grace & Co.) said it will record a smaller-than-expected $365 million pre-tax charge in the fourth quarter related to the specialty chemical company's increased asbestos-related liability.

Write to Mia Lamar at mia.lamar@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Recommend :
0
React to this article
Latest news
Date Title
<1m ago TANLA SOLUTIONS : Games Club for BlackBerry Smartphones
<1m ago GOVERNMENT OF REPUBLIC OF MAURITIUS : IMF Forecasts: Mauritius to Register Growth Rate of 3.7% in 2014
<1m ago VINACAPITAL VIETNAM OPP FUND : VOF net asset value Mar 2014
2m ago School vice principal rescued from Korean ferry found dead
4m ago Buoyweather.com Creates Custom Weather Widget for The Fisherman Magazine
5m ago GOVERNMENT OF RUSSIAN FEDERATION : Expanded meeting of the Board of the Ministry of Economic Development
5m ago VINACAPITAL VIETNAM OPP FUND : VOF share buyback
8m ago PEOPLE UNITED FINANCIAL : UNITED FINANCIAL, INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
8m ago CU BANCORP : California United Bank Ranked “Super Premier” for 2013 Performance
12m ago CORERO NETWORK SECURITY : Heartbleed OpenSSL Vulnerability - No Impact to Corero Products
Latest news
Advertisement
Hot News 
HAVELOCK EUROPA : Preliminary Results to 31 December 2013
LDK SOLAR : Provides Additional Information on its Request for Review of NYSE Regulation's Decision to Suspend Trading and Commence Delisting Procedures
HAYNES PUBLISHING : Third Quarter Hit By Us Inventory Returns, Weak UK
SPACEANDPEOPLE : Shares Slide As It Lowers 2014 Forecast
BLUR : Shares In Blur Group Plummet Due To Delayed Revenue Recognition
Most Read News
1d ago WALT DISNEY : Disney sees operating income growth at cable networks
1d ago LULULEMON ATHLETICA : CEO looks beyond yoga wear for growth
1d ago BLACKSTONE : Retailer Michaels Stores confirms payment card data breach
1d ago CHINA SOUTHERN AIRLINES : 30pc cancellations by China tourists
1d agoDJMICROSOFT : Has Sold More Than 5 Million Xbox Ones -- Update
Most recommended articles
1d ago U.S. shares seen opening lower as tech giants stumble
1d ago Financials bolster FTSE after reassuring U.S. earnings
1d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
16m ago Audi expects to sell half million cars in China this year
18m ago BANCA MONTE DEI PASCHI DI SIENA : Monte Paschi approves increasing size of capital increase to 5 billion euros
Dynamic quotes  
ON
| OFF