April 23rd, 2009
01:25 PM GMT
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It’s midweek and here is an update on the Q25

  

Yahoo – good numbers and a reasonable prospect for the future, along with cost cutting and a general feeling the company. A Green Apple.

 

Wells Fargo – led the way a couple of weeks ago when it gave guidance and said things were looking much better. They were right. We gave them a Green apple

 

Boeing – The raw numbers were at the top end of expectations so you might be forgiven for giving Boeing a Green apple. Unfortunately there are cost overruns on the 747-800, the 787 is two years behind schedule and hasn’t yet flown, airlines may still defer or cancel more orders because of the recession.Boeing got a Red Apple

 

AT&T – The numbers were at the top end of expectations and the company is doing a good job squeezing more revenue through texts and data useage. IN addition is has seen excellent numbers from being the launch carrier in the US for the iPhone which has been a tremendous success (we will get more on that from Apple on Thursday)  A Green Apple

 

Morgan Stanley – Of all the banks, MS broke the trend of banks and recored a bigger loss than expected.  The banks capital tier one ratio is strong, but the performance of the bank was not. At a time when it’s peers are making money, we gave Morgan Stanley a Red Apple  

 

Kimberly Clark – The household product maker includes Huggies and Kleenex. If not exactly recession proof it should be resilient. But it wasn’t. Sales and profits were down because shoppers are shunning branded products they love for generic products that might be cheaper.  A Red Apple



soundoff (5 Responses)
  1. Denise Storace

    I hear Hersheys quartely profits are up. . . times are down. .. eat more chocolate ! Always makes me feel better. . . hugs

    April 23, 2009 at 1:32 pm |
  2. Linda MacDonald

    I love the apples to apples comparison.

    April 24, 2009 at 3:01 am |
  3. Peter Vaz

    All those Apples are drifted in the winds and now Prof. Quest.....Susan will lament on Microsoft profit loss, sales loss and manpower loss....and we too are at a double loss.Time for us to sell vegetables and Apples in the street....but are there any buyers? Analyst's, market strategist and economist are all doomed and no more Nobel prizes in stock..and who know about administrators?

    Economy of any country depends on engineers and not on administrators and engineers are on the street....with begging bowls or coconut shells. We need short term visionaries, atoms or molecules like you Prof. Quest..... every hour is contracting the GDP and the G20 leaders are scrapping their heads and hairs...cost saving for barbers. By the way have you purchased those Apples or lend to you by bailout business houses?

    April 24, 2009 at 8:27 am |
  4. requiredreading

    I haven't had Hershey's chocolate for a long time, mainly because in competition with other chocolate brands, you would decidedly only eat Hershey's, if either you couldn't get hold of anything better in your neighbourhood, or else you were so depressed about the recession that it didn't matter much anymore

    April 24, 2009 at 12:50 pm |
  5. requiredreading

    Considering you ate the GREEN apple, and all the rest of us weren't in Paris enjoying the desserts (we had to make our own), would you mind very much letting us know the results of the B4E conference which your colleague chaired, but which we have heard nothing about. Where are all the news-breaking phenomenal ideas how the green revolution will revolutionize business and lead the road to recovery? Where is CNN's speed to be there first? Where ae all the green think-tank results on this issue? Drowned in French food?

    While you are at it, you might want to ask Mr.Tata, if it would be profitable for him to design and build an Indian make vacuum cleaner to be bought by the middle class and slip straight into the market hole existing there...as long as they still pay the sweepers to use it, because otherwise they would lose their income.

    Hope you had some good ideas in Paris to entertain us this week...

    April 27, 2009 at 12:12 pm |

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Quest Means Business airs Monday to Friday, 1600 New York and 2100 London, and is hosted by Richard Quest.

 

 

 
 
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