Movers roundup: Starbucks shares soar; Seagate Technology stock jumps on outlook, upgradeJuly 23rd, 2009 Movers roundup: Starbucks, Seagate TechnologyAmong the stock activity stories for Wednesday, July 22, from AP Financial News:
NEW YORK (AP) — Shares of Starbucks Corp. soared after a number of analysts praised the company's cost-cutting efforts following the gourmet coffee chain's fiscal third-quarter profit report.
Seagate increases revenue guidance in fiscal 4th quarter helped by better demandJune 25th, 2009 Seagate raises 4th-quarter revenue guidanceSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Wednesday raised its fiscal fourth-quarter revenue guidance due to better-than-expected demand and favorable pricing for its products.
Seagate sees signs of improvement in data storage but posts 4th-quarter loss of $81 millionJuly 21st, 2009 Seagate posts 4Q loss on lower sales, big chargesSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Tuesday reported a fiscal fourth-quarter loss, reversing a year-ago profit, but said it is seeing signs of improvement in the data storage market and lifted its revenue outlook for the first quarter.
Credit Suisse analyst upgrades Novellus, says he expects Samsung to increase capital spendingSeptember 21st, 2009 Credit Suisse analyst upgrades shares of NovellusSAN FRANCISCO — A Credit Suisse analyst upgraded Novellus Systems Inc. shares to "Outperform" Monday, citing several reasons including an expectation that Samsung Electronics Co.
Seagate 1Q profit triples as lower operating costs offset revenue drop, other chargesOctober 20th, 2009 Seagate 1Q profit triples on lower operating costsSCOTTS VALLEY, Calif. — Seagate Technology said Tuesday that fiscal first-quarter net income more than tripled, as low costs more than offset a drop in revenue as well as restructuring and other charges.
Seagate Technology to eliminate 1,100 jobs as part of restructuring planMay 13th, 2009 Seagate Technology to cut 1,100 jobsSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology said Wednesday it plans to cut about 1,100 jobs, or 2.5 percent of its global work force, as part of a restructuring plan.
Disk maker Seagate to shut Singapore factory with 2,000 workers affectedAugust 4th, 2009 Disk maker Seagate to shut Singapore factorySINGAPORE — Hard disk maker Seagate Technologies LLC. said Tuesday it plans to shut its Singapore factory by the end of next year to cut costs.
GameStop profit falls 32 percent on fewer hit video game titles; full-year outlook cutAugust 20th, 2009 GameStop posts disappointing profit, cuts outlookGRAPEVINE, Texas — GameStop Corp., the world's largest video game and entertainments software retailer, posted disappointing fiscal second-quarter results on Thursday and lowered its full-year earnings forecast, citing fewer hit video games and cautious consumers. Shares tumbled in morning trading.
Nokia reports pre-tax loss for first quarterApril 16th, 2009 HELSINKI - Citing an 'exceptionally tough environment', Nokia, the world's largest maker of mobile phones, Thursday reported lower sales and a sharp drop in operating profit for the first quarter of 2009. The Finland-based company posted a pre-tax loss of 12 million euros ($15.8 million), compared to a pre-tax profit of 1.6 billion euros for the corresponding business period in 2008.
Take-Two cuts quarterly profit and revenue outlook on BioShock 2 delay, weak retail salesJuly 14th, 2009 Take-Two cuts outlook on BioShock 2 delaySAN FRANCISCO — Shares of Take-Two Interactive Software Inc. plunged 13 percent in after-hours trading after the video game maker cut its financial outlook, citing lackluster orders from retailers and the delay of a popular new title.
Report: Volkswagen raises bid for troubled Porsche before supervisory board meetingJuly 11th, 2009 Report: Volkswagen raises bid for PorscheSTUTTGART, Germany — Volkswagen AG has increased its offer to take a 49.9 percent stake in troubled sports car maker Porsche to more than euro4 billion ($5.56 billion), according to a media report Saturday. German weekly Der Spiegel reported the latest VW offer reflected an increase of roughly euro1 billion ($1.39 billion), as compared to a previous bid that was rejected by Stuttgart-based Porsche.
Mobile phone maker Sony Ericsson posts 2Q net loss of €213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Mobile phone maker Sony Ericsson posts 2Q net loss of euro213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Sales boost Research in Motion's 1st-qtr earnings 33 percent; investors cautious on forecastJune 19th, 2009 RIM 1Q profit tops view, shares wobble on outlookTORONTO — BlackBerry maker Research in Motion Ltd. on Thursday reported a better-than-expected 33 percent jump in first-quarter profit as the company continues to boost market share among non-corporate customers.
Nokia makes executive changes after poor Q3, market share loss in smart phonesOctober 16th, 2009 Nokia reshuffles executive team after poor Q3HELSINKI — Nokia Corp., the world's biggest cell phone maker, announced changes to its executive team on Friday — a day after it reported a sharp fall in market share of smartphones and a net quarterly loss. The company said Timo Ihamuotila, head of global sales, will replace Rick Simonson as the chief financial officer on Nov.
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