Earnings News

SAN FRANCISCO - Xilinx Inc., which designs programmable chips, said Wednesday that its quarterly profit declined 9 percent as North American sales slumped. Overall sales rose 9 percent, however, and the results exceeded Wall Street's forecast, sending Xilinx's shares higher.

NEW YORK - Charles Schwab Corp. reported Wednesday its third-quarter earnings fell sharply from results that included a big gain a year ago, but still topped analysts expectations. The ongoing financial market turmoil weighed on the retail brokerage's assets under management.

WASHINGTON - Abbott Laboratories Inc. said Wednesday its third-quarter profit jumped 51 percent, led by sales of the arthritis medication Humira and a steep increase in sales of stents and other heart-related devices.

NEW YORK - The Coca-Cola Co. reported its profit rose by double digits, weathering a volatile third quarter in which consumers felt pressured by economic uncertainty.

SAN JOSE, Calif. - EBay Inc. expects its fourth-quarter earnings to drop, citing upcoming acquisitions and plans to cut 10 percent of its workforce.

CINCINNATI - Kroger on Wednesday confirmed its earnings guidance for the year and said a key sales measure is trending higher, even as U.S. consumers are cutting back on spending.

ATLANTA - A steep drop in fuel prices has not given airlines much reason to celebrate due to a worsening economy that threatens to curb demand for flights heading into next year.

NEW YORK - In the midst of one of the nation's worst credit crises, JPMorgan Chase & Co. and Wells Fargo & Co. managed to report better-than-expected third-quarter results on Wednesday. But even two of the country's strongest banks proved they are not immune to the widespread credit problems plaguing their peers.

NEW YORK - JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.

ATLANTA - Delta Air Lines Inc. will scale back international growth plans in the coming months and is prepared to cut more domestic capacity if needed to weather the global financial crisis that has intensified in recent weeks, executives said Wednesday as the carrier reported it swung to a loss in the third quarter despite a rise in sales.

SAN FRANCISCO (Reuters) - Shares of eBay Inc fell as much as 11 percent on Wednesday on fears that a global recession would take a heavier toll on its online auctions business.

NEW YORK - Wells Fargo said Wednesday its third-quarter profit fell 25 percent as it took hits on investments in troubled finance companies and increased its credit reserves, but results were better than analysts had expected.

NEW YORK (Reuters) - JPMorgan Chase & Co and Wells Fargo & Co posted better-than-expected earnings on Wednesday despite higher credit losses, underlining their standing as among the strongest big banks in the battered U.S. financial sector.

NEW YORK (Reuters) - Coca-Cola Co posted a better-than-expected quarterly profit on strong international demand that offset a drop in volume at home, sending shares of the world's largest soft-drink maker up 6 percent.

NEW YORK - Wells Fargo said Wednesday that third-quarter profit fell 23 percent as it took hits on investments in troubled finance companies and increased its credit reserves, but results were better than analysts had expected.

NEW YORK (Reuters) - JPMorgan Chase & Co's quarterly profit fell 84 percent, due to mark-downs on underperforming loans, but the results still beat analysts' forecasts.

SAN FRANCISCO (Reuters) - Technology bellwether Intel Corp posted a 12-percent rise in quarterly profit as the world's biggest computer chipmaker said demand, while uncertain, was holding up despite the global economic crisis.