Quarterly reports

HARTFORD, Conn., Nov 03, 2009 -- The Hartford Financial Services Group, Inc. (NYSE: HIG) today reported its third quarter 2009 results.

"The Hartford's third quarter core earnings results demonstrate a resilient company that is emerging from the challenges of the last 18 months," said Liam E. McGee, The Hartford's Chairman and Chief Executive Officer. "In my first month on the job, I have found that the core attributes that initially drew me to The Hartford are sound. The company today has a strong capital foundation; a trusted, well-respected, 200-year-old brand; solid operating franchises; positive relationships with its distribution partners; and a dedicated group of employees committed to winning in the marketplace.    » read more »

ATLANTA, Oct. 28 -- Southern Company (NYSE: SO) today reported third quarter earnings of $790.0 million, or 99 cents a share, compared with $780.4 million, or $1.01 a share, in the same period a year ago.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080801/SOCOLOGO)

For the nine months ended Sept. 30, Southern Company's earnings were $1.39 billion, or $1.77 a share, compared with $1.56 billion, or $2.02 a share, for the same period a year ago. Excluding certain items described below, Southern Company earned $2.02 a share for the first nine months of 2009, compared with $2.11 a share for the same period in 2008.    » read more »

Approximately $2.6 Billion in Writedowns From Improvement in Company Credit Spreads; Terminating Government Guarantee Term Sheet Costs $402 Million

CHARLOTTE, N.C., Oct. 16 -- Bank of America Corporation (NYSE: BAC) today reported a third-quarter 2009 net loss of $1.0 billion. After deducting preferred dividends of $1.2 billion, including $893 million related to dividends paid to the U.S. government, the diluted loss per share was $0.26.

Those results compared with net income of $1.2 billion, or diluted earnings per share of $0.15, during the year-ago period.

Through the first nine months of the year, the company had net income of $6.5 billion, or $0.39 per share after preferred dividends, compared with $5.8 billion, or $1.09 per share a year earlier.    » read more »

FAIRFIELD, Conn. – Oct. 16, 2009 – GE announced today third-quarter 2009 earnings from continuing operations (attributable to GE) of $2.5 billion, or .22 per share, including the effect of .05 in restructuring and other charges, down 51% from the third quarter of 2008. Industrial segment profit grew 4% in the quarter compared to the year-ago period.

Cash generated from GE Industrial operating activities totaled $4.4 billion in the quarter and $11.5 billion year to date, up 1%. Total company backlog of equipment and services grew 2% to $174 billion over the prior quarter.    » read more »

October 15, 2009 -- New York -- Citigroup today reported net income for the third quarter 2009 of $101 million, and a $0.27 loss per share, based on an average 12.1 billion shares outstanding2. Third quarter revenues were $20.4 billion. Results included $8.0 billion in net credit losses and an $802 million net loan loss reserve build.    » read more »

ATLANTA, May 19 -- The Home Depot, a home improvement retailer, today reported first quarter of fiscal 2009 net earnings of $514 million, or $0.30 per diluted share, compared with net earnings of $356 million, or $0.21 per diluted share, in the same period in fiscal 2008.    » read more »

Net revenue down 3%, or up 3% in local currency, from a year earlier to $27.4 billion

PALO ALTO, Calif. -- May. 19, 2009-- HP (NYSE:HPQ) today announced financial results for its second fiscal quarter ended April 30, 2009, with net revenue of $27.4 billion, down 3% from a year earlier and up 3% when adjusted for the effects of currency.    » read more »

BENTONVILLE, Ark., May 14, 2009 -- Wal-Mart Stores, Inc. (NYSE: WMT) today reported diluted earnings per share for the first quarter of fiscal year 2010 of $0.77, at the high end of the company’s guidance of $0.72 to $0.77. Currency exchange rates negatively impacted earnings by approximately $0.04 per share. Wal-Mart earned $0.76 per share in the first quarter last year.    » read more »

NEW YORK -- May. 7, 2009 -- American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion or $1.98 per diluted share, compared to a net loss of $7.81 billion or $3.09 per diluted share in the first quarter of 2008. First quarter 2009 adjusted net loss, excluding net realized capital gains (losses) and FAS 133 gains (losses), net of tax, was $1.60 billion, compared to an adjusted net loss of $3.56 billion in the first quarter of 2008.

OVERVIEW

AIG’s first quarter 2009 net loss resulted primarily from a number of restructuring and market disruption-related charges and accounting charges related to taxes.

Interest and amortization charges related to the FRBNY Facility were $1.5 billion pre-tax ($1.0 billion after tax).    » read more »

Results reflect continuation of global economic downturn and lower industry-wide sales volume; Losses partially offset by strong structural cost reduction due to aggressive restructuring efforts

2009-05-07 -- DETROIT – General Motors (NYSE: GM) today announced its financial results for the first quarter of 2009, which predominantly reflect the effects of continued global economic pressures and low auto industry volumes worldwide. Industry sales volume was down 21 percent globally in the first quarter versus the year-ago period, leading to significantly reduced volume and revenue for GM.    » read more »

Sales of Verizon Wireless, FiOS Internet and TV, and Strategic Business Services Show Continued Strength

April 27, 2009 -- 1Q 2009 HIGHLIGHTS

Consolidated Results

* 58 cents in EPS and 63 cents in adjusted EPS (non-GAAP), compared with 1Q 2008 EPS of 57 cents and 61 cents, respectively.
* $6.4 billion in cash flows from operations, up $1.0 billion, or 19.1 percent, year over year.
* Capital expenditures totaled $3.7 billion; free cash flow totaled $2.7 billion, up $1.5 billion.

Wireless

* 86.6 million total customers, up 28.8 percent; 84.1 million retail customers, up 29.0 percent; 1.3 million net customer additions, excluding acquisitions and adjustments, almost all retail.    » read more »

Strengthens Balance Sheet, Launches Key New Vehicles; Ended first quarter with Automotive gross cash of $21.3 billion.

DEARBORN, Mich., April 24, 2009 – Ford Motor Company [NYSE: F] today reported a first quarter net loss of $1.4 billion, or $0.60 per share. This compares with net income of $70 million, or $0.03 per share, in the first quarter of 2008.

Ford’s first quarter 2009 pre-tax operating loss, excluding special items, was approximately $2 billion, a decline from a profit of $686 million a year ago. On an after-tax basis, Ford lost $1.8 billion in the first quarter, or $0.75 per share, compared with a profit of $477 million, or $0.20 per share, a year ago.++    » read more »

Diluted earnings of $1.70 per share, up 4 percent

ARMONK, NY - 20 Apr 2009 -- IBM (NYSE: IBM) today announced first-quarter 2009 diluted earnings of $1.70 per share compared with diluted earnings of $1.64 per share in the first quarter of 2008, an increase of 4 percent as reported. First-quarter net income was $2.30 billion compared with $2.32 billion in the first quarter of 2008, a decrease of 1 percent. Total revenues for the first quarter of 2009 of $21.7 billion decreased 11 percent (4 percent, adjusting for currency) from the first quarter of 2008.    » read more »

Earnings Exceed All of 2008

CHARLOTTE, N.C., April 20 -- Bank of America Corporation today reported first-quarter 2009 net income of $4.2 billion. After preferred dividends, including $402 million paid to the U.S. government, diluted earnings per share were $0.44.

Those results compared with net income of $1.2 billion, or diluted earnings per share of $0.23 after preferred dividends, during the same period last year.    » read more »

Net Income of $1.6 Billion, Loss Per Share of $0.18

New York, NY, April 17, 2009 — Citigroup Inc. (NYSE: C) today reported net income for the first quarter of 2009 of $1.6 billion and a loss per share of $0.18, based on 5,385 million shares outstanding. Revenues of $24.8 billion were driven by strong results in the Institutional Clients Group, partially offset by net write-downs. Results also include $7.3 billion in net credit losses and a $2.7 billion net loan loss reserve build.    » read more »