Northrop Grumman Corp. (NYSE: NOC), a provider of products, services and integrated solutions in aerospace, electronics, information and services to its global customer, today reported an 8% drop in its net income for the second quarter as sales softened in most business segments. However, NOC’s adjusted earnings beat Street estimates.
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Polaris Industries Inc. (NYSE: PII) reported strong fiscal second-quarter results on Tuesday. While its net profit skyrocketed 43%, sales for the same period showed a double digit growth across all vehicles category led motor-cycle business.
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Eaton Corp. (NYSE: ETN) reported on Monday that fiscal second quarter profit soared 14%; however, its revenues for the period fell due to flagging demand in international markets. The company also downwardly revised its full-year profit and revenues guidance.
Shares of Hasbro Inc. (NASDAQ: HAS), the second-largest U.S. toymaker, rose sharply on Monday after the company reported better-than-expected second-quarter profit, driven by better inventory management and market share gains.
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Ingersoll-Rand Plc (NYSE: IR), a diversified global company providing products, services and solutions to improve the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, on Friday, reported its second-quarter financial results, posting an increase in profit. IR’s second-quarter results improved from a tax benefit.
Continue reading Ingersoll-Rand Q2 Profit Rises Sharply (IR)
Shares of oil services provider Baker Hughes Incorporated (NYSE: BHI) surged on Friday after the company reported better-than-expected second-quarter profit, driven by 12% increase in revenue. BHI’s second-quarter revenue also beat Street estimates.
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SanDisk Corp. (NASDAQ: SNDK) shares have risen sharply in trading today after the company gave an upbeat outlook. The memory chip maker also reported better-than-expected second-quarter results.
Tech giant, Google Inc (NASDAQ: GOOG) reported on Thursday that fiscal second quarter revenues climbed up by 21%, calming down Wall Street investors nerves’ as they feared that global economic slowdown will take its toll on the internet company.
eBay Inc. (NASDAQ: EBAY), a global commerce platform, after-market close on Wednesday, reported that its net income more than doubled in the second quarter. Shares of EBAY rose sharply following the release of strong quarterly results.
Internet Company, Yahoo Inc (NASDAQ: YHOO) reported fiscal second quarter earnings on Tuesday which were slightly lower than last year while its revenues also stood flat.
Continue reading Yahoo Posts Mixed Quarterly Earnings (YHOO)