NEW YORK (
) -- Here are the top stock market headlines for the morning of Friday, Dec. 18, 2009.
Friday's Earnings Roundup
- Research In Motion (RIMM) late Thursday reported third-quarter earnings of $1.10 a share, better than t he $1.04 consensus target, according to Thomson Reuters. Revenue climbed 11.2% to $3.92 billion, also above analysts' targets. Net subscribers and device shipments were higher than guidance, although gross margins in the quarter came up shy at 42.7%. RIM offered strong guidance for the fourth quarter, saying it expects earnings of $1.23 to $1.31 a share on revenue of $4.2 billion to $4.4 billion. The Thomson Reuters average estimate is for earnings of $1.12 a share on sales of $4.11 billion.
- Nike (NKE) - Get Report late Thursday posted fiscal second-quarter earnings of 76 cents a share, a nickel better than the Thomson Reuters average estimates. Sales declined 4% from a year ago to $4.41 billion, slightly below consensus. However, Nike said worldwide futures orders increased 4% from a year ago, compared to last quarter's 6% slide year over year. Nike also said it expects revenue to increase in the mid-single digits over the next two quarters, and it reaffirmed that it expects a modest decline in sales for the full year.
- Palm (PALM) late Thursday reported a fiscal second-quarter loss of 37 cents a share, a nickel worse than the Thomson Reuters average estimate. Sales increased 57.6% from a year ago to $302 million, beating consensus targets. Shipments fell 5% sequentially and 41% from the year-ago quarter, although gross margin improved to 25.6% from 20.1% a year ago.
- Take-Two Interactive (TTWO) - Get Report late Thursday posted fourth-quarter earnings of 9 cents a share, matching analysts' estimates. Sales increased 6.2% to $343.4 million, better than the Thomson Reuters average estimate. Looking ahead, the video-game maker reaffirmed earnings and revenue guidance for the first quarter and full-year 2010, which was in-line with consensus.
- Oracle (ORCL) - Get Report late Thursday said it earned 39 cents a share in its fiscal second quarter, better than the Thomson Reuters average estimate of 36 cents a share. Revenue climbed 3% from a year ago to $5.87 billion, also above consensus. The software company also offered fiscal third-quarter guidance that was in-line with consensus estimates.
Friday's Early Headlines
- -- Irish airline Ryanair (RYAAY) - Get Report said Friday negotiations with Boeing (BA) - Get Report for an order of up to 200 new B737-800 series aircraft for delivery between 2013 and 2016 have ended without a deal being reached. Ryanair said the termination of the talks won't affect plans for the airline to take delivery of 112 B737-800 aircraft during the next three calendar years.
- Google in Talks to Buy Yelp: Report -- Google (GOOG) - Get Report is in advanced negotiations to acquire Yelp for more than $500 million, TechCrunch reports, citing confirmation from multiple sources. Yelp, founded in 2004, helps users leave reviews on local businesses. The company's 2009 revenue will be around $30 million and it expects $50 million in revenue in 2010, the report says.
-- Written by Robert Holmes in Boston
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