Gateway surprises, posts operating profit
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Shares of Gateway rose more than 11 percent in after-market trading yesterday after the computer company said it posted its first operating profit in three years.
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The $253 million profit by Yahoo met analystsÂ expectations and included $129 million related to its sale of shares in Google.
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Personal computer maker Gateway  Inc. GTW.N on Thursday posted a net loss that narrowed from a  year earlier and bettered its own forecast, helped by higher PC  sales and lower costs.
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General Electric Co.  reported a 9.6 percent rise in profit on Friday, with strength in the infrastructure and commercial finance businesses offsetting a decline at its health care business and a loss in subprime lending.
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Hewlett-Packard Co. (HPQ.N: Quote, Profile, Research) on Tuesday posted a quarterly profit that topped its own diminished expectations as the computer and printer maker said it had
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Comcast Corp , the largest U.S. cable TV operator, posted on Thursday a 2 percent rise in quarterly profit excluding one-time items but lost more basic video subscribers than analysts had expected.
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Company says having the operating system screen for viruses at the gateway is more thorough and more efficient.
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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EMCâs quarterly profit beat Wall Street expectations, as the seller of data storage hardware and software posted double-digit percentage gains across all its major business segments.
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General Electric Co  on Friday posted a profit that met expectations on strong demand for heavy equipment such as jet engines and electricity-producing turbines.
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Gateway Inc. reported a narrowed net loss in the first quarter as it continues to restructure its operations and integrate its acquisition of eMachines. Still, the personal computer and electronics company posted a tiny operating profit -- its first in nearly three years.
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Comcast Corp. , the leading U.S. cable operator, posted higher quarterly profit and revenue on Thursday, helped by strong growth in subscribers across its video, phone and high speed Internet services.
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Acer's planned $710 million acquisitionÂ of U.S. PC vendor GatewayÂ won antitrust approval in the U.S. as the clock struck midnight Monday, Gateway said.
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The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending this year.
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update Gateway on Thursday posted a narrower third-quarter loss, helped by cost cuts and an increase in PC unit shipments, that could allow it to climb ever closer to turning a profit.
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IRVINE, Calif. -- Gateway Inc., a struggling computer maker that has accepted a buyout offer from a Taiwan-based company, said Wednesday it will sell its professional business unit to MPC Corp. in a deal valued at about $90 million.
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United Parcel Service Inc.  on  Tuesday posted a higher profit citing growth in its global  business, supply chain and freight units, plus modest growth in  its U.S package business despite a "sluggish" economy.