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SAN FRANCISCO (AP) — Oracle Corp.’s quarterly earnings report Tuesday comes at a time of flux for the information technology industry. But Oracle’s business model, which is based heavily on software-support contracts, is giving analysts hope that it will be a stabilizing force. WHAT TO WATCH FOR: Signs of the health of Oracle’s server business, which it acquired in last year’s purchase of Sun Microsystems
September 17, 2011 /
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Shares of Amerigroup Corp. sank Friday after the Medicaid coverage provider tamped down expectations for 2011 earnings because of rising costs for health care. THE SPARK: Amerigroup said it expects its net income margin to range between 2.5 percent to 3.5 percent.
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NEW YORK (AP) — A pair of analysts on Friday backed their “Buy” ratings for UPS, but cut their earnings estimates, citing slowing global demand for its services. On Thursday, United Parcel Service Inc., the world’s largest package delivery company, backed its earnings forecast for the full year, despite what it warned will be a “bumpy ride” for the global economy
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NEW YORK (AP) — Shares of Research In Motion Ltd. sank in premarket trading Friday after the BlackBerry maker reported sharply lower earnings and revenue for its latest quarter, hurt by weak sales of its tablet computer and intensifying competition from the iPhone and smartphones running Google’s Android system. On Thursday, Canada-based RIM reported second-quarter earnings of 80 cents per share, down from $1.46 per share a year earlier and below Wall Street’s expectations of 90 cents, according to FactSet
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NEW YORK (AP) — G-III Apparel Group Ltd.’s stock rose Thursday after an analyst upgraded the clothing maker on the likelihood it will produce double-digit earnings and revenue growth in the future. Earlier this month G-III, which makes clothes and luggage for Calvin Klein, Sean John, Kenneth Cole and other brands, came under scrutiny after reporting a lower second-quarter profit.
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NEW YORK (AP) — Hurricane Irene and a recent labor strike will cost Verizon’s land line business as much as $250 million in the current quarter, and Collins Stewart estimated that will reduce third-quarter earnings between 5 and 6 cents per share.
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TORONTO (Reuters) – Research In Motion is set to report sharply lower earnings and revenue after markets close on Thursday, as a raft of new BlackBerry smartphones arrived only late in the quarter. But investors – forewarned about the dismal quarter – will zoom in on the Canadian smartphone and tablet computer maker’s outlook for the current quarter, which is expected to provide some relief despite tough competition. RIM will be hoping that upgraded, touchscreen versions of its existing Bold, Torch and Curve smartphones, plus a Torch-branded touchscreen-only device, will resonate with consumers used to the style made popular by Apple’s iPhone and adopted by companies such as Samsung and HTC using Google’s Android software
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NEW YORK (AP) — Insituform Technologies Inc.’s full-year earnings outlook is aggressive, an analyst said Wednesday, as the pipeline repair company’s profit is likely to take a hit from recent municipal spending deferrals, bad weather and flooding.
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ST. LOUIS (AP) — Specialty chemicals maker Solutia Inc. on Wednesday lowered its adjusted earnings expectations for the full year because of slower-than-expected demand in several of its end markets
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(Reuters) – Empire Co Ltd posted a 3 percent rise in quarterly profit on Wednesday, helped by higher sales in its fully owned unit Sobeys, Canada’s No. 2 grocer. Net earnings for the first quarter, ended August 6, rose to C$89.2 million ($90 million), or C$1.31 a share, from C$86.3 million, or C$1.26 a share, a year earlier.
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