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Friday, May 09, 2008 --- 60 days ago
Filed under: Before the bell , Earnings reports , Apple Inc (AAPL) , Coca-Cola (KO) , McDonald's (MCD) , Bristol-Myers Squibb (BMY) , Clear Channel Commun (CCU) , Activision Inc (ATVI) Before the bell: AIG, Citi pressure stock futures lower Activision (NASDAQ: ATVI ) late Thursday reported a fourth-quarter profit that handily beat expectations as video games sales nearly doubled with strong demand for Guitar Hero 3 and Call of Duty 4 games. ATVI shares are up over 4.5% in premarket trading. Bristol-Myers Squibb (NYSE: BMY) and Sanofi-Aventis (NYSE: SNY) are about to face a generic threat from Swiss drug firm, Schweizerhall Holding, that said it's going to soon launch a generic version in Germany of Plavix blood-thinning drug. Clear Channel (NYSE: CCU) reported its profit soared to $799.7 million or $1.61 per share in the first quarter while revenues rose 4% to $1.56 billion. The results beat expectation even when taken excluding one-time items that have earnings rising 70% to $161.4 million or 32 cents a share. Apple Canada Inc. is offering $45 credits to Canadian residents who own a new first-, second- or third-generation iPod purchased before June 24, 2004 following two class-action suit regarding the rechargeable battery in the iPod. Coca-Cola Co (NYSE: KO) expects U.S. sales of its carbonated soft drinks to fall slightly this year but rise in 2009, according to CEO Neville Isdell. ...




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