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

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

Latest news
Date Title
2m ago KADER : Holders are KO'd
12m ago BUSINESS MACHINES : Student Teams Prepare Initial Business Ideas for CUNY-IBM Watson Case Competition
16m ago India's finance minister favors interest rate cut
22m ago ASTRA TBK PT : virging on awful ; celtic v kilmarnock SCOTS PREM, CELTIC PARK KICK-OFF: TOMORROW, 1.00PMDutch defender scathing on woeful Astra display
22m ago AIRBUS : Hughes is refusing to press the panic button
23m ago Costa could play against Red Devils after night in hospital ; Chelsea hope striker has recovered from illness
23m ago SAVILLS : Views to die for ; From Gower to the Great Orme these are the homes in Wales with views to match their price tags. Dramatic coastal seascapes and...
25m ago FYFFES : Bananas split ; companies today
27m ago AUDI : New Audis on their way
27m ago PORSCHE AUTOMOBIL SE : Golf R is tops in the wet
Latest news
Advertisement
Hot News 
DIGITAL RIVER : Announces Agreement to be Acquired by Investor Group Led by Siris Capital Group for $26.00 per Share in Cash
EDREAMS ODIGEO : Statement responding to BA and Iberia statement
4IMPRINT : Full Year Expectations Underpinned By Strong Third Quarter
ATLANTIS RESOURCES : Raises GBP5.0 Million In Discounted Placing (ALLISS)
MERIT MEDICAL SYSTEMS : posts 3Q profit
Most Read News
1d ago MATSON : Shipping company pleads guilty in molasses spill
1d ago HEARTLAND EXPRESS : 2014 Q3 Earnings Release
1d ago Fannie Mae settles shareholder lawsuit for $170 million
1d ago APPLE : Time for all Apple products to enter China
1d ago Google's Pichai to oversee major products and services
Most recommended articles
16m ago India's finance minister favors interest rate cut
28m ago CHINA'S AUTO MARKET GROWTH MAY HALVE TO 7 PERCENT THIS YEAR : industry body head
1h ago South Korea fund to abstain from Samsung merger vote, wants share buybacks
1d agoDJOregon Initiative Seeks Lower Pot Taxes Than Cities Want
1d ago WEEKLY TRADING FORECAST : FX Traders Prepare for Heavy Volatility on FOMC, GDP and ECB Stimulus
Dynamic quotes  
ON
| OFF