Tag: quarterly-results

Dolby Laboratories’ (NYSE:DLB) Profits Up 25 Percent YOY

Dolby Laboratories (NYSE:DLB) reported profits in its first quarter rose by 25 percent, citing growth in service revenue and licensing fees. There was also a one-off tax event that helped them. The down side was for fiscal year 2011, Dolby cut their revenue guidance and non-GAAP earnings for the the year, saying the PC market will continue to struggle. GAAP net income for the first quarter

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Bank of America (NYSE:BAC) Weighed Down by Countrywide Acquisition

Bank of America (NYSE:BAC) continues to be held back by their acquisition of Countrywide, which brought with it huge exposure to the home loan market. That has resulted in another quarterly loss for the financial giant, which lost $1.2 billion for the quarter.Bad home loans were by far the major loss for the bank in the reporting period. The loss was driven by a $2 billion writedown related to

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Newmont (NYSE:NEM) Generates Record Revenue, Punished for Weak Guidance

Newmont Mining Corp. (NYSE:NEM) generated record revenue for the quarter and an increase in profits of 38 percent, yet were punished by the market for their guidance, which revealed production costs will rise and their annual gold production will drop.On the gold production side, Newmont dropped their estimated production range from 5.3 million to 5.5 million ounces to 5.3 million to 5.4 million

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Agnico-Eagle (NYSE:AEM) Should Flourish in 2011

While generating a record quarterly income of $121.5 million in their last quarter, there are some concerns over operating issues by Barclays (NYSE:BCS) for Agnico-Eagle Mines (NYSE:AEM). Once these issues are resolved, Barclays sees the overall growing pains of the company being largely over.Barclays said, “Overall, though Agnico-Eagle’s production growth does indicate improvement, operating

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Goldcorp (NYSE:GG) Soars and Scores in Third Quarter

Goldcorp (NYSE:GG) soared over 5 percent by the close of trading Thursday, ending the session at $44.29, after a stunning performance in the third quarter. What was most impressive was its management of costs, even though the reported story will probably be the fact they increased profits y four times the same quarter last year, reaching $4.66.5 million, or 63 cents a share. That’s up from

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Freeport (NYSE:FCX) Exceeds Expectations on Higher Commodity Prices

Led by higher copper and gold prices, Freeport-McMoRan (NYSE:FCX) soared in the third quarter, with earnings rising by 30 percent over the same period in 2009, rising to $1.2 billion, or $2.49 a share. Analysts had been looking for $2.12 a share. Revenue was up almost by the same, increasing to $5.2 billion, rising by 27 percent from $4.1 billion last year in the same quarter. That means margins

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Silver Wheaton’s (NYSE:SLW) Record Earnings Still Miss Expectations

Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) had record earnings for the second quarter, but it wasn’t enough to meet analysts’ expectations.Earnings were led by an increase in production and higher silver prices, which generated $53.3 million, or 15 cents a share. That was in contrast to last year in the same quarter where they earning $18.4 million, or 7 cents a share.Analysts had been looking for

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Great Basin Gold (Amex:GBG) Narrows Earnings Loss, Burnstone Mine Close to Generating Revenue

Great Basin Gold (TSE:GBG) (Amex:GBG) reported earnings today, and while still suffering a earnings loss, was able to improve to a C$5 million loss in the second quarter, compared with a C$14 million loss in the same quarter last year. Revenue also increased, rising to C$38 million, up from C$22 million in the second quarter of 2009. After a long period of time, the permanent grid power

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Jaguar Mining (NYSE:JAG) Struggles on Controlling Costs

An interesting story is emerging as gold miners release their earnings. This quarter there seems to be the haves and have nots, and the have nots, like Jaguar Mining (NYSE:JAG), who recorded a loss in the latest quarter, are going to get punished by investors because of the high expectations accompanying record high gold prices. The thinking seems to be if a gold miner can’t make it at these

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Centerra Gold (TSE:CG) Paying First Dividend in its History

With attention being fixated on gold and gold mining companies, a number of firms have made changes to attract investors and gravitate toward being run like a company people understand. Centerra Gold (NYSE:CG) has responded in that regard by announcing their first dividend payout in the history of the company,. Starting on September 1, shareholders will receive a dividend of 6 Canadian cents

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Barrick (NYSE:ABX) Exceeds Earnings, Revenue Expectations

As expected, Barrick Gold (NYSE:ABX), the largest gold miner in the world, had a great quarter, exceeding analysts’ expectations for earnings and revenue. Earnings for the second quarter reached $759 million, or 77 cents a share. Last year in the same quarter Barrick generated $492 million in profits, or 56 cents a share. Analysts had been looking for earnings of 72 cents a share on revenue of

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Goldcorp (NYSE:GG) Soars in Second Quarter, Earnings Reach $200 Million

Goldcorp (NYSE:GG) (TSE:G) performed as was expected from large gold miners today, as Newmont (NYSE:NEM) earlier in the day reported lower-than-expected earnings in the last quarter, generating doubts as to how other gold miners had performed. That concern is off the table now, as Goldcorp report net earnings of $198.8 million, or 27 cents a share. That is in contrast to last year, where profits

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