Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Spotlight Stocks: Amgen, AT&T, Microsoft, Morgan Stanley

By

Friday's top stories and stocks with potential to move...

PrintPRINT

Stocks to watch for Friday, January 25, 2008:

  • Amgen (AMGN) reported 4Q profit of $835 million, or 76 cents a share, compared with $833 million, or 71 cents, in the year-earlier period. Revenue fell to $3.74 billion from $3.94 billion. In a new trial comparing its brittle bone drug denosumab against Merck's (MRK) Fosomax, denosumab was found to be superior.
  • AT&T (T) yesterday reported that its wireless business was much stronger than analysts had expected. Though, some parts of the business were affected by a slowing economy. The company added a less than expected 396,000 high speed internet customers and it also lost a higher number of landline customers than expected.
  • Microsoft (MSFT) reported fiscal 2Q net income of $4.7 bln, or 50 cents a share, up from $2.6 bln, or 26 cents a share a year ago, a 79% jump. Revenue rose 31% to $16.37 billion. The company said the lift was due in part to strong sales of its Vista operating system.
  • Morgan Stanley (MS) has plans to lay off about 1,000 people, reducing its workforce by about 2%. The company's wealth-management unit, primarily in the U.S. based back-office employees in technology, operations, and support functions will be affected.
  • Ameriprise Financial (AMP) reported 4Q net income of $255 million, or $1.08 a share, up from $171 million, or 69 cents, a year earlier. The company said revenue increased to $2.32 billion from $2.14 billion because of strong growth in management and financial advisory fees.
  • Honeywell International (HON) reported 4Q net income of $689 mln, or 91 cents a share, up 18% from $585 mln, or 72 cents a share a year ago. Revenue rose 12% to $9.28 billion.
  • KLA-Tencor (KLAC) reported fiscal 2Q net income $83.9 million, down from $90 million a year ago. On a per-share basis, earnings rose to 45 cents from 44 cents on fewer shares outstanding. Revenue dropped to $635.8 million from $649.3 million.


Market Recap

  • Asian trading closed with the Hang Seng +6.73%, Nikkei +4.10%, Sensex +6.62%, Taiwan +2.96% and Shanghai +0.93%.
  • A quick look across the pond finds the CAC +1.14%, DAX +1.89%, FTSE +1.03%, ATX +1.80%, Swiss Mkt. +1.23% and Stockholm +1.07%.
  • Commodities are also trading higher with crude oil +0.60 to 90.01 and gold surging +15.9 to 921.7 this morning.


GET THESE INSIGHTS AND MORE IN REAL-TIME. CALL 212-991-9357 FOR A 14-DAY FREE TRIAL TO THE BUZZ & BANTER OR CLICK BELOW.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE