Archive for July, 2013

AT&T Reports Earnings

Today after the close AT&T (T) reported earnings where profits declined as costs surged. Good things were a surge in tablet usage, a trade-in promotion and a fee tacked onto bills that helped boost AT&T’s wireless revenue for the latest quarter. However, AT&T’s coffers were drained by smartphone sales, which it subsidizes in the hope […]

United Technologies Corp. Reports Earnings

United Technologies Corp. (UTX) reported second-quarter earnings rose 17% as the company posted sales growth at most of its businesses, led by its UTC Aerospace and Pratt & Whitney businesses. United Technologies reported a profit of $1.56 billion, or $1.71 a share, up from $1.33 billion, or $1.47 a share, a year earlier. The latest […]

The Travelers Companies Reports Earnings

The Travelers Cos. (TRV) said second-quarter profit rose 85% on price increases, lower catastrophe costs and the resolution of tax and legal disputes. Net income was $925 million, or a record $2.41 a share, up from $499 million, or $1.26 a share, in last year’s second quarter. Operating profit of $2.13 a share beat the […]

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