IBT Staff Reporter

152311-152340 (out of 154943)

Chipotle Shares Rise on Strong First Quarter

Shares of chain restaurant Chipotle Mexican Grill Inc. (NYSE: CMG) rose sharply higher Wednesday after the firm said late Tuesday that first quarter profit rose 56 percent on increased same-store sales, more customer visits and a higher full year outlook.

Fresh Del Monte Produce Shares Jump on Strong 1Q

Fresh Del Monte Produce Inc. (NYSE: FDP) reported that its first quarter profits more than tripled due to improved operations and gains from the sale of certain business units, sending shares rocketing in Tuesday trading.

Circuit City Down on Weak Guidance

Shares of Circuit City Inc. (NYSE: CC) slumped in Tuesday trading after the retailer predicted a loss for the first quarter of 2008, and withdrew its previously issued outlook for the full year.

Susquehanna to buy Community Banks for $860 Million

Banking holding company Susquehanna Bancshares Inc. (NASDAQ: SUSQ) announced it agreed to pay $860 million in cash and stock to acquire smaller rival Community Banks Inc. (NASDAQ: CMTY) as it expands in new territories.

Cummins Beats Expectations, Boosts Profit Forecast

Diesel engine maker Cummins Inc. (NYSE: CMI) reported a higher first-quarter profit on Friday, citing stronger sales of industrial power equipment. The firm also boosted its full year earnings forecast, sending shares up more than 11 percent.

Teledyne Beats Expectations, Raises Guidance

Teledyne Technologies Inc. (NYSE: TDY) reported an increase in earnings and raised its full-year guidance above Wall-Street estimates on Wednesday, driven by higher margins in each of its segments.

Aflac Rises On Strong US Sales

Shares supplemental health insurance provider Aflac Inc. (NYSE: AFL) as the company posted first quarter earnings that exceeded estimates, as strong U.S. sales offset its declining Japan sales.

Sun Shares Sink On Sales Below Estimates

Investors sent shares of Sun Microsystems, Inc.(Nasdaq: SUNW) down more than 11 percent in Wednesday trading after the technology company’s third quarter report late yesterday indicated lower-than-expected sales.

Amazon Shares Skyrocket as Earnings Double

The world's largest online retailer, Amazon Inc. (Nasdaq: AMZN) said late Tuesday that its first quarter profit more than doubled, sending shares of the company up more than 20 percent in Wednesday trading.

American Express Shares Jump On Strong 1Q Profit

Shares of financial services company American Express Co. (NYSE: AXP) got a boost from investors on Friday, a day after the company reported that first quarter profit rose 21 percent, beating Wall Street expectations.

AMD Shares Dip on 1Q Loss

Shares of chipmaker Advanced Micro Devices (NYSE: AMD) dipped slightly in Friday trading after the semiconductor company posted a greater-than-expected first quarter loss and slower sales.

Siemens Chairman Steps Down

Shares in Germany’s Siemens AG (NYSE: SI) rose over 4 percent on Friday after its supervisory board chairman said he would step down yesterday as the company tries to restore its image in the midst of a series of bribery and corporate corruption accusations.

H&R Block to Sell Subprime Mortgage Unit

As part of the continuing shakeout in the sub-prime lending industry, H&R Block, Inc. (NYSE: HRB) announced Friday that it will sell its Option One Mortgage Corp. unit to focus on its core financial services.

Google Shares Jump on Profit Surge

Shares of Google Inc. (NASDAQ: GOOG), the world’s largest Internet search provider, rose in Friday trading after beating analysts’ estimates with a 69 percent jump in first quarter profit.

Nokia Profit Beats Estimates, Shares Rise

Nokia Corp. (NYSE: NOK) reported strong first quarter earnings, boosted by sales in emerging markets and better than expected margins, sending shares rising in Thursday trading.

Amgen Shares Rise on Drug Trial Results

Shares of biotechnology firm Amgen, Inc. (Nasdaq: AMGN) shot up 4 percent Thursday, after results of a study for its Aranesp anemia drug for patients with small-cell lung cancer yielded no difference in survival rates than for patients who did not use the drug.

E*Trade Falls on Weaker 2007 Outlook

Shares of online broker E*Trade Financial Corp. (Nasdaq: ETFC) fell Thursday, a day after the firm’s first-quarter earnings report showed a profit that beat Wall Street expectations but also included lower guidance for the full fiscal year.

Yahoo! Shares Drop 11 Pct. on 1Q Results

Investors sent shares of Internet portal Yahoo Inc. (NASDAQ: YHOO) plummeting more than 11 percent on Wednesday, after the firm posted weaker-than-expected earnings and revenue.

Vonage Shares Fall on Bankruptcy Warning

Shares of Vonage Holdings Corp. (NYSE: VG) fell more than 6 percent on Wednesday after the company warned it could take itself into bankruptcy because of an ongoing legal dispute over patents with Verizon Communications Inc. (NYSE: VZ), according to a regulatory filing.

Goldman Sachs Downgrades IBM

International Business Machines Corp. (NYSE: IBM) was downgraded from a Buy to a Neutral rating by a Goldman Sachs (NYSE: GS) analyst after the firm reported its earnings for the first quarter on Wednesday.

Top U.S. Court Backs Ban on Abortion Procedure

The Supreme Court upheld the nationwide ban on a controversial abortion procedure Wednesday, handing abortion opponents the long-awaited victory they expected from a more conservative bench.

TD Ameritrade 1Q Profit Falls, Lowers Guidance

Shares of brokerage TD Ameritrade Holding Corp. (NASDAQ: AMTD) shed nearly 10 percent in Tuesday trading after the firm lowered its guidance for fiscal 2007 and first-quarter income fell 18 percent.

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