Texas Instruments Disappoints and Predicts Weak 3rd Quarter
Summary from United States, from articles in English
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The New York-based company posted net income of $242.9 million, or 79 cents per share, for its fiscal first quarter, compared with a profit of $268.2 million, or 83 cents per share, a year earlier. (article 9)
The largest U.S. health insurer by market value said second-quarter net earnings fell to $337 million, or 27 cents per share, from $1.23 billion, or 89 cents per share, a year earlier. (article 12)
Earlier this month, UnitedHealth estimated earnings for the quarter at 64 cents to 66 cents per share, excluding special items, far below analysts' forecasts at the time. (article 12)
The results, released after the close of market trading, fell short of Wall Street forecasts and set off a decline of more than 10 percent in the company's share price in the after-hours session. (article 7)
Shares of the Minneapolis-based managed-care provider rose $2.38, or 10 percent, to $26.21 from Monday's closing price of $23.83, as the prices of other publicly traded insurers like Aetna Inc. and WellPoint Inc. also jumped several percentage points. (article 13)
Sales were flat at $13.3 billion as a 4.6 percent increase in supply chain services sales helped offset a 0.7 percent decline in retail food sales, the company said. (article 1)
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