RIM posted a 27% drop in quarterly profit on Thursday and said it would likely ship between 11 million and 12 million BlackBerry smartphones in the weeks around Christmas, the first decline in years for that historically strong period. It’s dismal. Their guide for Q4 is below expectations. The concern is there’s a number of [...]
The Chrysler Group posted on Monday its first quarterly profit since going through bankruptcy reorganization in 2009, as the company sold more cars at higher prices. Chrysler has reported its first quarterly profit since it emerged from bankruptcy protection 2 years ago. The US carmaker made a net profit of $116m (£69m) in the [...]
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Citigroup Inc posted a $1.3 billion quarterly profit on Tuesday, as losses on bad loans fell, but the bank missed estimates on its earnings as it struggled with a slump in revenue. Shares of Citigroup fell about 3.5% to $4.95 in premarket trading. The third-largest U.S. bank, which took $45 billion in U.S. bailout funds [...]
Citigroup reported a better-than-expected quarterly profit today and said losses across its consumer lending operations were starting to slow. The American bank, which is still 12.4% owned by the US government, made a net profit of $2.2bn (£1.4bn), or 7 cents a share, between July and September – the third consecutive quarter it has been [...]
Goldman Sachs Group Inc. said Tuesday that its second-quarter profit tumbled 82%, crippled by its settlement with the Securities and Exchange Commission, the U.K. bank payroll tax and sharp revenue drops in its trading and investment banking units. Quarterly profit at the investment bank fell to $613 million, or 78 cents a share, from $3.44 [...]
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