Daily Archives: January 31, 2012

Peoples Financial Corporation Earnings Increase 15% in 2011 Over 2010

January 31, 2012
BILOXI, Miss., Jan. 31, 2012 /PRNewswire/ -- Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, earned $1,703,000 for the full year 2011, a 15% increase over results of 2010, announced Chevis C. Swetman, Chairman and Chief Executive Officer of the...

Exxon Keeps Foot on the Gas Pedal

January 31, 2012
Exxon said it has no intention of curtailing gas production even as analysts predict prices for the fuel could remain at a historically low level through next year.

C.H. Robinson Profit Up 6%, But Misses View; Stock Down

January 31, 2012
Freight and logistics service provider C.H. Robinson Worldwide Inc. reported a near six percent rise in fourth-quarter earnings, as improved truckload volumes and growth in payment services lifted revenues by more than ten percent. Nonetheless, the company's earnings and revenues for the quarter fell short of Street estimates. The news dragged down C.H. Robinson shares by 7 percent in extended session on the Nasdaq.

Aflac Profit Climbs 25%

January 31, 2012
International insurer Aflac Inc. (AFL) said Tuesday after the markets closed that its fourth quarter profit rose 25% from last year, helped by a stronger yen/dollar exchange rate and narrower investment losses. However, the company's quarterly earnings per share, excluding items, came in below analysts' expectations as did it quarterly revenue.

Seagate Profit Soars, Tops Estimate

January 31, 2012
Seagate Technology plc Tuesday reported a surge in second-quarter profit, as revenues and margins improved significantly. Both earnings and revenues for the quarter came in ahead of Street estimates.

Broadcom Profit Drops, But Revenue Tops Street; Sees Strong Q1 Sales

January 31, 2012
Broadcom Corp. said its profit for the fourth quarter slid from last year as lower demand for its chips in smartphones and other devices led to a 6.4 percent drop in revenues. Nonetheless, revenues for the quarter came in ahead of Street estimates. Broadcom benefited from lower one-time expenses, offset by a higher income tax provision. The company has forecast first quarter 2012 revenue, the midpoint of which is expected to top Street estimates.