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20 Jul 2010 10:53

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Biz: Goldman Sachs’ post-SEC profits fall precipitously, laughably

  • 86% decline in Goldman Sachs’ profits during the second quarter of 2010 – in other words, from a huge number to a very large one
  • $613M the size of their profits in the first quarter after paying a massive SEC fine and getting nicked by British taxes source
Posted by Ernie Smith • 0 Comments • Permalink

19 Jul 2010 11:16

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Biz: Despised company does well: Haliburton makes huge profit jump

  • $480M the company’s net income in the current quarter
  • 83% the increase in net income from the previous quarter
  • 3.6% the amount the company’s stock leaped today source
Posted by Ernie Smith • 0 Comments • Permalink

18 May 2010 10:59

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Biz: Wal-Mart has insane quarterly revenues, just an FYI

  • $99.1
    billion     the amount the super-retailer
    sold in revenues this quarter alone,
    a new record
  • $3.3
    billion     the size of the company’s
    quarterly net profits (also a record); shares are up 2 percent source
Posted by Ernie Smith • 0 Comments • Permalink

11 May 2010 10:41

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Biz: Despite the recalls, Toyota actually made big profits last quarter

  • $2.2B the size of Toyota’s profits over the last fiscal year, after a down year
  • $1.2B the profits Toyota made during their recall troubles last quarter
  • 53k the increase in new car sales the company expects this year source
Posted by Ernie Smith • 0 Comments • Permalink

04 May 2010 10:59

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Biz, U.S.: Craigslist profits from sex ads, attorney generals notice

  • first States complain because
    Craigslist allows anyone
    to post sexually-oriented
    ads which can be used
    for illegal prostitution.
  • second In an effort to appease
    the states, Craigslist
    charges for the section
    for purposes of creating
    a paper trail.
  • third A group of 39 states,
    noticing the profits made
    from the for-pay section,
    subpoena Craigslist over
    the ads. source
Posted by Ernie Smith • 0 Comments • Permalink

29 Apr 2010 09:45

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Biz: Exxon Mobil’s huge profits somehow not good enough

  • $6.3
    billion     the size of Exxon Mobil’s
    quarterly profits, helped by rising
    oil prices of late
  • 38%
     increase     from last year’s levels –
    an increase which missed Wall Street’s hefty estimates source
Posted by Ernie Smith • 0 Comments • Permalink

28 Apr 2010 10:23

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Biz: AOL’s profit picture looks a lot worse than it did a year ago

  • $48
    million     decrease in AOL’s profit
    between this quarter and the
    same quarter a year ago
  • 4.6
    million     number of people who STILL subscribe to AOL’s legacy service after all these years source
  • » Why the cruddy profits? It’s worth keeping in mind that AOL is a different company than it was a year ago. The company, fresh after leaving the disastrous merger with Time Warner which hurt both companies, is in the midst of making a big push into content, away from its core subscription business. (Disclosure: We freelance for AOL News occasionally.) Even considering that, their profit picture is significantly lower than expected – instead of the analyst-expected 70 cents per share, they could only muster 39 cents per share. Part of this is due to the quickly-falling legacy subscriber base and part of it is due to continuing advertising declines.
Posted by Ernie Smith • 0 Comments • Permalink
 

26 Apr 2010 23:05

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Biz: Craigslist’s “Adult Services” controversial, makes lots of money

  • $122
    million     expected revenues for the no-frills classified site in 2010 alone; at least 70 percent of that is pure profit (and mostly from employment ads)
  • $39
    million     in revenue will come from
    the controversial for-pay “Adult Services” section, made in the wake of the Craigslist Killer source
  • » Printing their own money: The site has a small staff for what it is, but despite that, it’s a total gold mine. For every employee Craigslist has (around 30), the company makes $4 million in revenue and at least $2.9 million in profit, a level so high you simply won’t find it anywhere else in the industry. We wish we made $3 million in profits per employee.
Posted by Ernie Smith • 0 Comments • Permalink

20 Apr 2010 10:17

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Biz: SEC, Smesh-EC: Goldman Sachs kills it in quarterly profits

  • $3.46
    billion     size of Goldman Sachs’ profits this quarter, which is kind of a lot
  • 91%
    boost     the amount the company’s earnings went up from a year ago source
Posted by Ernie Smith • 0 Comments • Permalink

19 Apr 2010 10:09

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Biz: Financial crisis-gobsmacked Citi actually has a solid quarter

  • $4.4
    billion     the size of Citi’s profit this quarter, their best period since 2007
  • $100
    billion     the amount the company has lost during the financial crisis
  • 7.7
    billion     the number of shares the government owns due to bailouts source
Posted by Ernie Smith • 0 Comments • Permalink
 
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