Ford Profit Drops but Tops Forecasts; Shares Jump

The automaker blew past Wall Street forecasts with a second-quarter profit of 68 cents a share and said results would continue to improve into 20101.

[CNBC] - Google shares jumped after-hours after the search giant delivered a blowout quarter, beating on both earnings and revenue.

Palm reported a loss that was deeper than last year but not as bad as analysts' forecasts, and the company's shares rose in late trading Thursday.

The automaker posted 2009 earnings of $2.7 billion Thursday, its first full-year profit since 2005, and said it expected a 2010 profit amid market share gains and a slow U.S. auto sales recovery.

Ford has offset European losses with stronger US sales, earning $1.6bn i

McCormick & Co. posted second quarter earnings per share today that rose 12%, beating forecasts but the stock drops.

Ford Motor's first-quarter net income declined by nearly half as a higher corporate-tax rate and losses in Europe and Asia weighed on results.

Ford Motor's first-quarter net income declined by nearly half as a higher corporate-tax rate and losses in Europe and Asia weighed on results.