Shares of Oracle plunged almost 14 percent in early morning trading Wednesday, a day after the business software company said it was struggling to close deals.
Intel Corp. said Monday that it now expects fourth quarter revenue of $13.4 billion to $14 billion. It had previously forecast revenue of $14.2 billion.
Clorox Co.’s net income plummeted nearly 40 percent in the fiscal first quarter, largely because last year’s period included the benefit of selling a unit.
Chevron Corp.’s quarterly profit more than doubled as a jump in oil prices made up for declining production.
EBay’s third-quarter net income climbed 14 percent, helped by growth in its online marketplace and PayPal online payment service, according to the company.
Wells Fargo & Co. on Monday said that its third-quarter profit jumped 21 percent, as write offs of bad loans dropped while deposits grew.
Discount broker Charles Schwab Corp. said Monday its third-quarter net income rose 77 percent as more investors turned to the company’s advisory services amid increased market volatility and stock trading increased.
Safeway Inc.’s fiscal third-quarter profit rose 6 percent as the grocery chain generated stronger revenue from gasoline sales and cost control efforts. Its shares rose more than 4 percent in premarket trading.
Stronger spending on business software helped Oracle’s quarterly profit jump 36 percent, but the company’s server business continued to deteriorate, which the company said is happening because it is shedding lower-margin deals.
SAN JOSE (CBS/AP) – Cisco Systems may have provided the battered stock market with some balm. The world’s largest maker of computer-networking equipment fared better than analysts anticipated in its latest quarter. The technology bellwether’s […]