This week, many companies will issue earnings reports, providing a glimpse of the impact of a slowing global economy on Canada. Here's a look at earnings that have already been reported by large Canadian and American companies.
Profit or loss: Profit of $2.9-billion (U.S.)
Earnings per share: 95 cents
Citigroup Inc. is the third-largest U.S. bank. Its automated trading desk lost $20-million from Facebook’s botched IPO.
Profit or loss: Profit of $962-million
Earnings per share: $1.78
Goldman Sachs beat expectations with its latest quarterly earnings report. Analysts thought the bank would post a profit of only $1.17 per share.
Profit or loss: Profit of $226.6-million
Earnings per share: 18 cents
Yahoo’s new CEO, Marissa Mayer, was poached from Google Inc. this week. Her first day was the same day Yahoo reported its second-quarter earnings.
Bank of America
Profit or loss: Profit of $2.5-billion
Earnings per share: 19 cents
A year ago, Bank of America posted a $8.8-billion loss.
Profit or loss: Profit of $692-million
Earnings per share: 53 cents
The company, based in San Jose, Calif., makes most of its money by charging merchants a fee to post their ads online. Ebay also generates revenue from PayPal transaction fees.
Profit or loss: Profit of $564-million
Earnings per share: 29 cents
Morgan Stanley reported a 24-per-cent decline in second-quarter revenue and expects to cut about 4,100 jobs.
Profit or loss: Loss of $492-million
Earnings per share: 73 cents
Microsoft posted its first-ever loss on July 19. The company said the loss was due to the weak performance of aQuantive, an online ad service it purchased in 2007.
Profit or loss: Profit of $2.79-billion
Earnings per share: $8.42
Google Inc.’s revenue rose by 21 per cent in the second quarter.
Profit or loss: Profit of $61-million
Earnings per share: 6 cents
The profit Alcoa posted excludes a $45-million charge as part of its effort to settle a lawsuit with Aluminium Bahrain, plus other items.
JP Morgan Chase & Co.
Profit or loss: Profit of $5-billion
Earnings per share: $1.21 per share
The bank was recently mired in a trading fiasco that cost it at least $6-billion.
Shoppers Drug Mart Corp.
Profit or loss: Profit of $146-million
Earnings per share: 70 cents
Shoppers' profit slipped slightly this quarter from the same period last year, when it was $148-million.
Profit or loss: Profit of $42.2-million
Earnings per share: 52 cents per share
Net income for the company went up, but revenue fell in this quarter from the previous year.
Profit or loss: Profit of $53.2-million
Earnings per share: $1.09 per share
Cogeco is venturing south of the border with a $1.36-billion (U.S.) deal to acquire Atlantic Broadband, the 14th largest cable television system operator in the United States.
Profit or loss: Profit of $56.2-million
Earnings per share: $1
The company’s earnings were below a consensus estimate of $1.02 per share compiled by Thomson Reuters.