Latest news for AMP (OTC:AMLTF) Stock

At its roots, AMP is a wealth manager, providing financial advice via Australia's second-largest network of aligned financial advisors. It has a vertically integrated business model: AMP advisors can invest client funds into super funds and nonsuper investments manufactured by AMP through the firm's own platforms, though advisors are free to recommend non-AMP products and third party platforms to their clients. The firm also has a small wealth presence in New Zealand with about 68 advisors. In addition, AMP also has a retail banking business focused on deposit taking and residential mortgages.

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AMP 2012 Profit Up 2%

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Earnings Roundup

AMP Reports Drop In Attributable Net Profit

AMP Ltd

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AMP Upgraded to Buy from Neutral at Goldman Sachs

AMP (OTC: <a class="ticker" href="/stock/amltf#OTC">AMLTF</a>) reported a 2% rise in its annual net profit. 

AMP's 2012 net profit climbed to 704 million Australian dollars (US$722 million), versus A$688 million, in the year-ago period. However, analysts were expecting a profit of A$687 million. 

Its underlying profit rose to A$955 million, from A$909 million. AMP announced its plans to pay a final dividend of 12.5 cents per share, versus 14 cents per share in 2011.

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Goldman Sachs Downgrades AMP Limited  from Buy to Neutral

Tech Data Corp (NASDAQ: <a class="ticker" href="/stock/tecd#NASDAQ">TECD</a>) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were expecting earnings of $0.95 per share on sales of $6.14 billion.

Sears Holdings Corp (NASDAQ: <a class="ticker" href="/stock/shld#NASDAQ">SHLD</a>) reported wider-than-expected loss for the fiscal second-quarter on Thursday. Sears Holdings' quarterly loss came in at $146 million, or $1.37 per share, versus a loss of $39 million, or $0.35 per share, in the year-ago period. Sears Holdings' adjusted loss came in at $1.13 per share. Its shares outstanding dropped 5.2% to 106.8 million. Its revenue dropped to $10.33 billion from $10.46 billion. However, analysts were expecting a loss of 0.46 per share on revenue of $10.13 billion. Sears Holdings' comparable-store sales declined 0.7% in the US and 4.8% in Canada.

Perry Ellis International Inc (NASDAQ: <a class="ticker" href="/stock/pery#NASDAQ">PERY</a>) swung to a fiscal second-quarter profit and raised its earnings forecast for the year. Perry Ellis reported its quarterly profit at $1.8 million, or $0.11 per share, from a year-ago loss of $2 million, or $0.15 per share. Its revenue surged to $214.4 million. However, analysts were expecting earnings of $0.04 per share on revenue of $204 million. Perry Ellis lifted its earnings forecast for the year to $2.45 to $2.52 per share on revenue of more than $1 billion, up from its earlier forecast of $2.40 to $2.50 per share on revenue of $1 billion. 

Children's Place Retail Stores Inc (NASDAQ: <a class="ticker" href="/stock/plce#NASDAQ">PLCE</a>) released its results for the fiscal second-quarter on Thursday. Children's Place reported a quarterly net loss at $9.8 million, or $0.38 per share, versus a loss of $8.2 million, or $0.30 per share, in the year-ago period. The retailer's revenue declined 0.5% to $343.5 million. Its comparable retail sales fell 5.6%. However, analysts were expecting a loss of $0.39 per share on revenue of $356.3 million. Children's Place also raised the lower end of its earnings guidance range for the year. It now projects earnings in the range of $3.13 to $3.25 per share, versus its earlier range of $3.10 to $3.25 per share. Analysts expected earnings of $3.25 per share.

Ross Stores Inc (NASDAQ: <a class="ticker" href="/stock/rost#NASDAQ">ROST</a>) reported a rise in its Q2 profit. Ross Stores reported its quarterly net income at $148.3 million, or $1.28 per share, up from $129.3 million, or $1.07 per share, in the year-ago period. Its total sales climbed 9% to $2.089 billion. However, sales at stores open at least a year surged 5%. Ross Stores projects Q3 profit of $1.00-$1.04 per share and same store sales to surge 1%-2%. Analysts were expecting earnings of $1.13 per share.

GameStop Corp (NYSE: <a class="ticker" href="/stock/gme#NYSE">GME</a>) reported a decline in its quarterly profit. GameStop reported its second-quarter net income at $30.6 million, or $0.22 per share, down from $39.8 million, or $0.26 per share, in the year-ago period. The company's sales came in at $1.7 billion. However, analysts were expecting earnings of $0.22 per share on revenue of $1.83 billion. GameStop projects Q3 comparable store sales to rise 2% to 4%. 

Stage Stores Inc (NYSE: <a class="ticker" href="/stock/ssi#NYSE">SSI</a>) released its results for the second quarter on Thursday. Stage Stores' quarterly profit declined to $10.01 million, or $0.29 per share, from $10.33 million, or $0.27 per share, in the year-ago period. However, analysts were expecting earnings of $0.30 per share. Stage Stores' net sales rose to $352.8 million, from $345 million. Stage Stores projects a Q3 loss of $0.21 to $0.24 per share and a Q4 profit of $1.08 to $1.12 per share. It projects earnings of $1.10 to $1.16 per share for the full year, versus analysts' estimates of $1.13 per share.

J.M. Smucker Co (NYSE: <a class="ticker" href="/stock/sjm#NYSE">SJM</a>) reported an 8.4% rise in its net income for the fiscal first-quarter. Smucker's quarterly earnings rose to $111.5 million, or $0.98 per share, from $102.9 million, or $0.86 per share, in the year-ago period. Its adjusted profit came in at $1.12 per share. Its revenue climbed to $1.19 billion from $1.05 billion. However, analysts were expecting a profit of $1.08 per share on revenue of $1.26 billion. Smucker affirmed its FY12 adjusted earnings forecast of $5 to $5.15 per share. 

Buckle Inc (NYSE: <a class="ticker" href="/stock/bke#NYSE">BKE</a>) reported a 14% rise in its fiscal second-quarter earnings. Buckle's quarterly profit climbed to $23.6 million, or $0.50 per share, from $20.7 million, or $0.44 per share, in the year-ago period. However, analysts were expecting earnings of $0.51 per share. Earlier this month, Buckle reported that its sales climbed 13% to $212.4 million and same-store sales surged 8.9%.

Casual Male Retail Group Inc (NASDAQ: <a class="ticker" href="/stock/cmrg#NASDAQ">CMRG</a>) reported upbeat second-quarter profit and reaffirmed its forecast for the year. Casual Male reported its quarterly net income at $6.6 million, or $0.14 per share, up from $5.6 million, or $0.12 per share, in the year-ago period. Its sales climbed 4% to $100.9 million. However, analysts were expecting earnings of $0.13 per share on sales of $99.53 million. Casual Male's same-store sales surged 4.9%. Casual Male projects FY11 earnings of $0.40-$0.45 per share on sales of $405-$410 million. Analysts were expecting earnings of $0.41 per share on sales of $407.1 million. 

Stein Mart Inc (NASDAQ: <a class="ticker" href="/stock/smrt#NASDAQ">SMRT</a>) reported a decline in its fiscal second-quarter earnings. Stein Mart reported its quarterly profit at $1.3 million, or $0.03 per share, down from $11.3 million, or $0.25 per share, in the year-ago period. However, analysts were expecting earnings of $0.06 per share. Stein Mart's total sales dropped 2.1% to $270.2 million and same-store sales declined 1.1%.

Dollar Tree Inc (NASDAQ: <a class="ticker" href="/stock/dltr#NASDAQ">DLTR</a>) reported a 22% rise in its fiscal second-quarter earnings and lifted its earnings forecast for the year. Dollar Tree reported its quarterly profit at $94.9 million, or $0.77 per share, up from $78 million, or $0.61 per share, in the year-ago period. Its net sales surged 12% to $1.54 billion. Its same-store sales climbed 4.7%. However, analysts were expecting earnings of $0.75 per share on revenue of $1.55 billion. Dollar Tree now projects full-year earnings of $3.82 to $3.95 per share, up from its earlier outlook of $3.69 to $3.85 per share. It narrowed its sales forecast to $6.53 billion to $6.62 billion, versus $6.5 billion to $6.63 billion. 

JA Solar Holdings Co (NASDAQ: <a class="ticker" href="/stock/jaso#NASDAQ">JASO</a>) swung to a second-quarter loss and lowered its full-year sales volume guidance. JA Solar reported a quarterly loss of CNY228.9 million ($35.4 million), or CNY1.39 (22 cents) an American Depositary Share (<a class="ticker" href="/stock/ads#">ADS</a>), versus earnings of CNY196.2 million, or CNY1.20 (19 cents) an ADS, in the year-ago period. Its revenue climbed 12% to CNY2.7 billion ($413 million). However, analysts were expecting a loss of 3 cents on revenue of $419 million. 

Royal Boskalis Westminster NV (OTC: <a class="ticker" href="/stock/kkwff#OTC">KKWFF</a>) reported an 8% decline in its net profit for the first six months of 2011. The group's net profit for the period dropped to EUR114.1 million, from EUR123.9 million, in the year-ago period. Its revenue climbed to EUR1.25 billion, from EUR1.14 billion.

Holcim Ltd (OTC: <a class="ticker" href="/stock/hcmly#OTC">HCMLY</a>) reported a decline in its net profit for the three months to end June. Holcim's quarterly net profit declined 13% to 347 million Swiss francs ($436 million), from CHF399 million, in the year-ago period. Its revenue fell 11% to CHF5.49 billion from CHF6.16 billion.

SBM Offshore NV (OTC: <a class="ticker" href="/stock/sbffy#OTC">SBFFY</a>) reported a net loss for the first half of the year. SBM Offshore reported a net loss of $250.8 million with underlying profit of $199.2 million, versus net profit of $92.5 million in the year-ago period. SBM Offshore's EBITDA came in at $359.7 million, versus $293.5 million in the year-ago period.

China Mobile Ltd (NYSE: <a class="ticker" href="/stock/chl#NYSE">CHL</a>) reported a 6.3% rise in its net income for the half year ending June 30. China Mobile's net income for the period rose to 61.28 billion yuan ($9.59 billion), from 57.64 billion yuan, in the year-ago period, versus analysts' estimates of 60.46 billion yuan. China Mobile added 32.77 million cellular subscribers during the period. Its average revenue per user per month during the period came in at 70 yuan. China Mobile also declared an interim dividend of $1.58 Hong Kong dollars per share, up from HK$1.417 per share, in the year-ago period.

Wesfarmers Ltd (OTC: <a class="ticker" href="/stock/wfafy#OTC">WFAFY</a>) reported a 23% surge in its full-year profit. Wesfarmers' net profit for the period climbed to 1.92 billion Australian dollars ($2.03 billion), from A$1.57 billion, in the year-earlier period. However, analysts were expecting a net-profit of A$1.88 billion.

ASX Ltd (OTC: <a class="ticker" href="/stock/asxfy#OTC">ASXFY</a>) reported a 7.4% rise in its fiscal-year net profit. ASX's net profit for the period rose to 352.3 million Australian dollars ($371.5 million). Its underlying profit climbed 7.2% to A$356.6 million. However, its operating revenue gained 5% to A$617.6 million.

AMP Ltd (OTC: <a class="ticker" href="/stock/amltf#OTC">AMLTF</a>) released its results for the first-half. AMP's attributable net profit for the period came in at 349 million Australian dollars ($368.2 million), versus a profit of A$425 million, in the year-ago period. Its Uunderlying profit rose to A$455 million, from A$383 million, in the year-earlier period.

Lenovo Group Ltd (OTC: <a class="ticker" href="/stock/lnvgy#OTC">LNVGY</a>) reported a strong rise in its first-quarter net profit. Lenovo Group's quarterly net profit surged to US$108.8 million, from US$54.86 million, in the year-ago period. However, analysts were expecting a net profit of US$85.86 million. Its revenue climbed 15% to US$5.92 billion from US$5.15 billion, versus analysts' estimates of US$5.76 billion.

AMP Ltd (OTC: AMLTF) released its results for the first-half. 

AMP's attributable net profit for the period came in at 349 million Australian dollars ($368.2 million), versus a profit of A$425 million, in the year-ago period. Its Uunderlying profit rose to A$455 million, from A$383 million, in the year-earlier period.

AMP Limited (AU:AMP) has released an update. AMP Limited has announced an update on its share buy-back program, with a total of 1,254,832 ordinary ...

AMP Limited Continues Share Buy-Back Effort

AMP Limited (AU:AMP) has released an update. AMP Limited has announced an update on its ongoing stock repurchase program, revealing the buy-back of...

AMP Limited Continues Share Buy-Back Program

AMP Limited (AU:AMP) has released an update. AMP Limited has announced an update on their ongoing stock buy-back program, with a total of 3,470,301...

AMP Limited Continues Aggressive Share Buy-Back

AMP Limited (AU:AMP) has released an update. Pinnacle Investment Management Group Limited has emerged as a substantial holder in AMP Limited, acqui...

Pinnacle Acquires Substantial Stake in AMP Limited

AMP Limited (AU:AMP) has released an update. AMP Limited has announced the cancellation of 16,768,988 ordinary fully paid shares as a result of an ...

AMP Limited Completes On-Market Share Buy-Back

AMP Limited (AU:AMP) has released an update. AMP Limited has announced an update on its share buy-back program, indicating that a total of 1,577,49...

AMP Limited Continues Share Buy-Back

AMP Limited (AU:AMP) has released an update. AMP Limited continues its share repurchase initiative, with a recent update revealing the buy-back of ...

AMP Limited Steadily Advances Share Buy-Back

AMP Limited (AU:AMP) has released an update. AMP Limited has released a notification of an on-market buy-back, revealing the purchase of 1,379,723 ...

AMP Limited (AU:AMP) has released an update. AMP Limited has provided an update on its share buy-back program, announcing the acquisition of 1,578,...

AMP Limited (AU:AMP) has released an update. AMP Limited has updated the market with its latest on-market buy-back notification, revealing the purc...

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