HTC Profit Almost Doubles on Smartphone Sales

Phone manufacturer HTC Corp. (HTCXF) almost doubled quarterly profited as demand for smartphones surged.

Third-quarter profit jumped to NT$11.1 billion ($360 million) from NT$5.7 billion a year earlier, Bloomberg News reported. The Taiwanese company easily beat the NT$9.2 billion forecast by analysts surveyed by Bloomberg.

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Sales more than doubled from the third quarter of 2009, as…

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HTC Profit Almost Doubles on Smartphone Sales originally appeared on DailyFinance on Wed, 06 Oct 2010 06:45:00.

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Costco Earnings Rise on Overseas Strength

Costco

Costco Wholesale Corp (COST) reported earnings of 97 cents per diluted share for the quarter ended Aug. 29, compared with 85 cents per diluted share a year earlier.

Net sales rose to $23.59 billion, from $21.89 billion a year earlier, the company said in a statement. Comparable sales rose 6% from a year earlier, driven by strong international growth.

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Earnings for the full year were…

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Costco Earnings Rise on Overseas Strength originally appeared on DailyFinance on Wed, 06 Oct 2010 06:29:00.

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Stocks Soar on Services Growth and Japan’s Rate Cut

The Dow surged nearly 200 points, while inflation fears propelled gold to another record close.
The Institute for Supply Management said its services index rose to 53.2 last month from 51.5 in August. Economists had expected t…

Talbots’ New Three-Year Plan: Close 75 to 100 Stores

Women’s clothing retailer Talbots’ also cut its revenue forecast for the third quarter and full fiscal year 2010. Despite CEO Trudy Sullivan’s best effort to explain, investors aren’t pleased.
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Week in Preview: New Earnings Season, Employment Data

Alcoa, Marriott and Yum! Brands to kick off the third-quarter earnings season with modest earnings growth, while jobs numbers could be mixed.
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