Hewlett-Packard Co. cut its full-year outlook Tuesday, citing a trifecta of woes that include the earthquake in Japan, soft PC sales and weakening performance in its crucial tech services business.
Chevron reported first-quarter earnings rose 36 percent. The company received higher prices for the oil it produced, and also made more money from refining oil.
Safeway reported a tax charge related to a plan to pay down its U.S. debt drove down its first-quarter net income by 74 percent.
Advanced Micro Devices Inc. said its net income nearly doubled in the first quarter as the computer industry benefits from strong corporate demand.
WellsFargo’s first-quarter income jumped 51 percent as more people opened accounts with the bank and business customers took out loans. New mortgages fell.
Discount broker Charles Schwab Corp. reported its first-quarter profit surged as the economy and stock markets improved.
Stocks finished Thursday flat, dragged down by Cisco Systems Inc. The San Jose-based company issued a weak earnings forecast.
The saying goes that money can’t buy happiness, but the percentage of Californians who consider themselves very happy rises according to income level.
Chevron Corp. said Friday its fourth-quarter net income jumped 72 percent as rising fuel demand lifted oil prices and produced a sharp turnaround in its refinery business.
Oracle’s net income jumped 28 percent as companies spent more liberally on technology for back offices.