(AP) - Among the earnings stories for Thursday, Jan. 17, from AP Financial News:
Top stories:
SAN FRANCISCO (AP) -- Still bleeding from a costly acquisition, Advanced Micro Devices Inc. accounted in the fourth quarter for overspending $1.6 billion on a graphics chip-maker -- but it posted a narrower loss than analysts feared on surging sales of microprocessors.
SEATTLE (AP) -- Washington Mutual Inc., the country's biggest savings and loan, said Thursday it swung to a $1.87 billion loss in the fourth quarter, hurt badly by the sinking value of its mortgage portfolio.
Other stories:
BOSTON (AP) -- International Business Machines Corp. told Wall Street to raise its 2008 estimates Thursday, further boosting a stock that was already buoyed by strong fourth-quarter earnings.
ROCKLAND, Mass. (AP) -- Independent Bank Corp., the parent of Rockland Trust Co., said Thursday its fourth-quarter profit dipped nearly 5 percent as it set more cash aside to cover customers' unpaid loans.
SAN FRANCISCO (AP) -- Fueled by insatiable consumer and business demand for storage, hard-drive maker Seagate Technology's fiscal second-quarter earnings jumped 188 percent as shipments rose 20 percent year over year, the company said Thursday.
BRIDGEPORT, Conn. (AP) -- Regional bank People's United Financial Inc. said Thursday fourth-quarter earnings rose 17 percent due to growth in net interest income.
OMAHA, Neb. (AP) -- A surge in stock trading last fall helped online brokerage TD Ameritrade Holding Corp. generate a 65 percent increase in its quarterly net income.
WOBURN, Mass. (AP) -- Skyworks Solutions Inc., which makes chips for mobile devices, said Thursday its fiscal first-quarter profit jumped 59 percent on better-than-expected sales growth and operational improvements.
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
© 2008 AFX News
