Ericsson Earnings Miss Views as Poor Margins Weigh
Swedish network equipment vendor Ericsson (ERIC) Wednesday reported a bigger-than-expected drop in second-quarter earnings, with profits stunted by a high number of low-margin sales in Europe and slow demand in some markets, but said it expects improvement towards the end of the year.
DATA SNAP: US May Housing Starts Highest Since Oct 2008
========================================================== U.S. Housing Starts June May ! Consensus: ! Total Starts: +6.9% -4.8% ! +5.2% ! Single-Family: +4.7% +2.2%r ! Actual: ! ! +6.9% ! ========================================================== By Sarah Portlock and Alan Zibel WASHINGTON--U.S.
W.W. Grainger 2nd-Quarter Net Up 12%;Raises Low End of Year EPS Guidance
W.W. Grainger Inc.'s (GWW) second-quarter earnings climbed 12% on stronger U.S. and Canada sales and as the industrial-goods supplier benefited from acquisitions. For the current year, the company raised the low end of its guidance by a dime to earnings between $10.50 and $10.80 a share, while
Abbott Laboratories' 2Q Results: Postgame Scorecard
Abbott Laboratories' (NYSE:ABT) profit dropped in the second quarter. Earnings and Revenue The company's EPS topped estimates and revenues came in line with Wall Street's expectations. The company reported adjusted net income of $1.23 a share versus the $1.21 a share estimate and revenues of $9.81