The Wall Street Journal
Earnings
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SABMiller said consumer spending in mature beer markets remains subdued despite a surge in profit, driven by price increases and strong volume growth in emerging economies.
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CEO Jeff Immelt said the conglomerate's industrial profit margin may not grow as much as expected this year, although he vowed that the difference will be made up in 2013.
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H-P plans to lay off 27,000 employees. The tech giant also said its quarterly profit slumped 31% amid relatively flat revenue in its PC business and lower printing sales.
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Research In Motion said its London-based executive vice president for sales, Patrick Spence, is stepping down—the latest departure in a string of high-level exits at the BlackBerry maker.
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Pandora Media reported a wider quarterly loss on higher costs, but its revenue jumped 58% and the Internet radio company raised its outlook.
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Lenovo bucked the tough times in the personal-computer business with a 59% rise in fiscal fourth-quarter net profit.
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Dell tumbled 18% after its quarterly report raised questions about the strength of computer sales and tech spending. H-P and Microsoft slumped.
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Toll Brothers posted a fiscal-second-quarter profit, thanks in part to fewer inventory write-downs, as the builder delivered more homes and fewer buyers canceled.
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Hormel Foods said profit rose 17%, helped by sales of fresh turkey and Mexican-food products. The meat processor's margins with pork remained thin.
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Bank of Montreal's second-quarter earnings rose 27%, beating expectations, on higher volumes and fee revenue as well as lower loan-loss provisions.
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Track the performances of 150 companies as they report and compare their results with analyst estimates. Sort by reporting date and industry.
Compare the total revenue with revenue generated in Europe in the fourth quarter for 39 companies with significant sales in Europe, and the change in revenues.
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