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Earnings and Loss Announcements

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Hartford soars on higher outlook, strong capital

NEW YORK, Dec. 5, 2008 (Reuters) — Hartford Financial Services Group Inc raised its 2008 profit forecast and said it had more than enough capital to withstand significant further deterioration in equity markets, sending its shares up as much as 52 percent. ...  > full story

Pimco says jobs point to dismal Q4

NEW YORK, Dec. 5, 2008 (Reuters) — Mohamed El-Erian, the chief executive of bond giant Pacific Investment Management Co., or Pimco, said the 533,000 drop in U.S. non-farm payrolls in November points to a contraction of gross domestic product of 4 or 5 percent in the fourth quarter. ...  > full story

AMD sees fourth-quarter revenue shortfall

SAN FRANCISCO, Dec. 4, 2008 (Reuters) — Chipmaker Advanced Micro Devices on Thursday warned fourth-quarter revenue would be much weaker than expected due to widespread weakness, and particularly among consumers. ...  > full story

Merck outlook misses view as dollar strengthens

NEW YORK, Dec. 4, 2008 (Reuters) — Merck & Co forecast 2009 earnings and revenue below Wall Street forecasts on Thursday, citing a harsh impact from the stronger dollar and continuing sluggish sales of several big medicines. ...  > full story

DuPont warns of quarterly loss, to cut 2,500 jobs

NEW YORK, Dec. 4, 2008 (Reuters) — DuPont expects to post a fourth-quarter loss and cut 2,500 jobs -- about 4.2 percent of its workforce -- amid steep drops in construction, car sales and consumer spending, the chemical maker said on Thursday. ...  > full story

Toll loss narrows, shares rise sharply

NEW YORK, Dec. 4, 2008 (Reuters) — Toll Brothers Inc , the largest U.S. luxury home builder, said its quarterly loss narrowed slightly as it wrote down less inventory, and its shares rose sharply as homebuilders extended a rally spurred by improved mortgage rates. ...  > full story

Williams-Sonoma loss smaller than expected

ATLANTA, Dec. 4, 2008 (Reuters) — Home-goods retailer Williams-Sonoma Inc reported a smaller-than-expected quarterly loss on Thursday and said it amended a $300 million credit line providing for more relaxed covenants, sending its shares up 10 percent. ...  > full story

Williams-Sonoma beats expectations

Dec. 4, 2008 (Reuters) — Williams-Sonoma Inc on Thursday reported third-quarter non-GAAP earnings of $0.03 per share, excluding items. ...  > full story

Bombardier results beat estimates as revenue rises

NEW YORK, Dec. 4, 2008 (Reuters) — Bombardier said on Thursday that quarterly earnings more than doubled, helped by an 8 percent rise in revenue, but new orders for both airplanes and trains fell as tough economic conditions weighed on demand. ...  > full story

Toll Brothers posts loss

Dec. 4, 2008 (Reuters) — Toll Brothers Inc on Thursday reported a Q4 loss of $0.49 a share. ...  > full story
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