Federated&#39;s 3Q beats Wall Street
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Federated Department Store Inc. posted better-than-expected earnings in the third-quarter of 2004 thanks to a sales rebound in Florida, where hurricanes had dampened sales in September.
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The Nasdaq composite index turned higher while the S&P 500 and Dow pared early losses on Wednesday as expectations of another interest rate cut from the Federal Reserve helped investors overcome disappointment from Yahoo Inc's  revenue outlook.
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Synnex beat Wall Street estimates and reported a 50 percent increase in net income for the third quarter ended Aug. 31, and a 29-percent increase in sales.
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The company beats third-quarter estimates and raises yearly guidance, but Wall Street doesn't seem to care.
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NEW YORK -- Stocks climbed for the third straight day Thursday as an already buoyant Wall Street embraced robust consumer spending figures and largely overcame disappointment in Google Inc.'s profit report. Both the Dow Jones industrials and the Russell 2000 index of smaller companies closed at new highs....
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American Express&#39; reported revenue was $7.2 billion, up 12 percent from $6.4 billion in the third quarter of 2003. Shares were up 16 cents at $51.
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Nasdaq Stock Market Inc. ,  which runs the largest U.S. electronic stock exchange, said on  Thursday that its quarterly profit more than tripled on higher  revenues and the strength of new products and customer service  initiatives, beating analysts&#39; estimates.
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The nation's third-largest bank posts a 31% rise in 2004 earnings.
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Asian stocks had the biggest gain in seven months on optimism the US economy is growing after the Federal Reserve raised interest rates and a government report showed an unexpected increase in retail sales last month.
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U.S. stocks rose on Tuesday after the  Federal Reserve raised short-term interest rates by a quarter  point for the third time this year.
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FedEx Corp. (FDX.N: Quote, Profile, Research) , the world&#39;s top air-express shipper, on Wednesday said quarterly earnings rose amid robust shipping volume.
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Federated Department Stores Inc.  , the parent of Macy's and Bloomingdale's, reported  better-than-expected fourth-quarter profit on Tuesday.
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Robust consumer spending during the third quarter helped the US economy advance faster than first thought, a government report showed on Tuesday, while underlying inflation was the tamest in decades.
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Bank of America Corp. on Thursday posted third-quarter profits of $3.76 billion, or 91 cents per share, a penny ahead of Wall Street&#39;s expectations.
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The broker breaks records with its third-quarter results.
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Asian stocks posted strong gains Monday but European shares closed flat after weakness on Wall Street following news of a record 3.1 trillion dollar US budget proposal.
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NEW YORK - Lehman Brothers Holdings Inc., Wall Street's fourth-largest securities firm, on Wednesday delivered third-quarter profit above projections despite a slowdown in its key investment banking business.  Lehman said it was snared in challenging market conditions.