Despite this fall in sales, the company said more store space, cost-cutting and better stock management had enabled it to boost its profits.
The stock sale of 16.25 million shares was completed only by severely cutting the price of the stock.
Thats what passed for good news in 1958: The bellwether stock wasnt cutting its dividend.
Martin likes Time Warner shares for several reasons, including a massive stock buyback, a focus on cost cutting, and Wall Street's seeming disinterest in the stock that he believes creates an attractive buying opportunity.
ThinkEquity analyst Colin Rusch responded to the news by cutting his rating on the stock to Hold from Buy.
Millions of customers felt betrayed and gave Netflix quite a scare by cutting service, resulting in its stock prices taking a 60 percent nosedive.
About three years before the economic crisis hit, Wal-Mart began efforts to rejuvenate a tired brand and sagging stock price by quietly cutting distribution costs, cosmetically improving stores with brighter lighting and wider aisles and flexible scheduling of store workers to meet peak shopping hours.
The stock market has consequently been cutting estimates for luxury sales and profits.
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When wage taxes are high and capital taxes are low, firms simply shift compensation from salaries to stock options and dividends, cutting revenue without boosting growth.
Because Wall St. often rewards cost cutting measures with a temporary bump in stock price, fiscally conservative CEOs tend to focus on short-term benefits for all the wrong reasons.
By cutting production, it would avoid a surplus stock of cars building up.
But the rest of the world may just not be as good at consuming as people are in the U.S. Killen already frets that Internet companies in Europe and Asia, their stock valuations badly hit, are cutting their ad budgets.
That stock rose 17.8% after cutting both the share size and price of its IPO.
When properly interpreted, in other words, the numbers suggest insiders have responded to the stock market's march into record territory by cutting back on the pace of their sales relative to their purchases.
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The struggling bank, due to report third-quarter earnings Tuesday, got a 6.6% boost on the Swiss stock exchange after the Wall Street Journal reported the job-cutting plan Monday.
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But, corporations appear to have adjusted to a plodding economy by cutting costs enough to be on their way to reporting record profits, driving stock prices to within reach of their highs hit before the Great Recession.
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HP's stock has been enjoying a recent upswing under a fresh round of cost cutting, including over 14, 000 planned layoffs, from new CEO MarkHurdMark Hurd.
HP's stock has been enjoying a recent upswing under a fresh round of cost cutting, including over 14, 000 planned layoffs, from new CEO Mark Hurd .
While abiding by IMF-crafted pro-cyclical policies which included cutting spending, poverty and unemployment soared as the recession deepened. (Read Weakening Euro And Oil Stock Piles Drive Dollar Higher).
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Each idea is referred to as a stock, and those mock securities are classified as "Savings Bonds, " which focus on cost-cutting, "Bow Jones, " which build on existing technologies, and "Spazdaq, " which describes ideas using entirely new technology.
That plan may be undercut, however, by the Directors Guild cutting its own deal early something that has happened before and by giving studios the opportunity to stock up on material in anticipation of a strike.
That said, General Motors and Chrysler have made huge cost-cutting strides in recent years, and could be poised to make serious profits if car sales pick up and the stock market strengthens enough to boost their pension funds.
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