April 17, 2008 - 08:48 a.m. WINSTON-SALEM, N.C. (AP) - Regional bank BB&T Corp. said Thursday its first-quarter earnings rose 2 percent due to gains from the initial public offering of Visa Inc. and net interest income growth. Net income increased to $428 million, or 78 cents per share, from $421 million, or 77 cents by share, during the same clause a year ago. Analysts polled by Thomson Financial, on average, forecast earnings of 73 cents ...
Altera shares climbing on positive 1st-quarter earnings as analysts raise price targets
Apr 17 2008
April 17, 2008 - 08:48 a.m. NEW YORK (AP) - Shares of Altera Corp. soared in premarket trading Thursday, a day after the chip maker reported first-quarter earnings that surpassed analyst expectations. Altera shares gained $1.82, or 9.5 percent, to $21.02 being of the kind which several analysts boosted their price targets. Robert W. Baird analyst Tristan Gerra raised his target to $25 from $21, sententious precept Altera's first-quarter earnings of 27 cents per share surpassed ...
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MGIC Investment loses $34.4 million as claims continue to rise due to weak housing market
Apr 17 2008
April 17, 2008 - 08:23 a.m. MILWAUKEE (AP) - Mortgage insurer MGIC Investment says it swung to a loss during the first quarter as it paid out more in claims akin to mortgage defaults. Milwaukee-based MGIC Investment Corp. lost $34.4 million, or 41 cents per share, during the first quarter, compared with profit of $92.4 million, or $1.12 per share, a year ago. But the results easily beat the $1.69 per share average loss estimate of ...
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Pfizer’s 1st-quarter profit falls on generic competition and acquisition charges
Apr 17 2008
April 17, 2008 - 08:23 a.m. NEW YORK (AP) - Drug maker Pfizer Inc. said Thursday its first-quarter profit malicious 18 percent as generic competition hurt sales of blood-pressure drug Norvasc and allergy drug Zyrtec. The profit drop weighed on Pfizer's stock in premarket trading, sending shares down 85 cents, or 4 percent, to $20.25. The company earned $2.78 billion, or 41 cents per share, compared with profit of $3.39 billion, or 48 cents ...
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Wall Street sorts through mixed earnings report; Canadian inflation quiescent
Apr 17 2008
The Canadian Press April 17, 2008 - 8:18 a.m. TORONTO - New York stock index futures were slack as traders assessed an influx of mixed corporate earnings reports Thursday morning, while crude oil slipped on the frontier slightly from record highs above US$115 a barrel. Oil was at US$114.75 a barrel on the New York Mercantile Exchange, off 18 cents from Wednesday's settle and down from as high as $115.54 overnight, while gold edged up 50 cents to US$948.80 ...
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