Citi First Quarter 2010 Earnings Review

Citigroup will issue its first quarter results via press release at approximately 8:00 AM (EDT) on Monday, April 19, 2010. At 11:00 AM (EDT), results will be reviewed via live webcast and teleconference. The press release, webcast and presentation materials will be available at http://www.citigroup.com/citi/fin. A replay of the webcast will be available at http://www.citigroup.com/citi/fin/pres.htm.

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To dial-in to the live teleconference, please call (877) 700-4194 (for U.S. and Canada callers) or (706) 679-8401 (for international callers). Conference code: 59481218.

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. [Read the full article]

The Westaim Corporation announced today that for the year ended December 31, 2009, it recorded net income of $0.5 million, or 1 cent per share compared to a net loss of $10.2 million, or 11 cents per share in the previous year. For the three months ended December 31, 2009, the Company posted net income of $4.7 million, or 5 cents per share, compared to net income of $2.7 million, or 3 cents per share, in the same period in the previous year.

At December 31, 2009, Westaim had $62.4 million in consolidated cash and cash equivalents, compared to $46.8 million at December 31, 2008. In addition, Westaim held ABCP with a book value of $4.0 million.

“Westaim is transforming into a company with a new focus on the Canadian property and casualty insurance business,” said Cameron MacDonald, President & CEO of Westaim. [Read the full article]

H&R Block Inc. says its fiscal third quarter profit rose 7 percent, as lower costs offset a revenue drop that stemmed from handling fewer returns.

For the three months ended Jan. 31, the nation’s largest tax preparer earned $50.6 million, or 15 cents per share, compared with $47.4 million, or 14 cents per share, in the year-ago quarter.

Through Feb. 28, H&R Block says the number of returns it prepared in its storefronts fell 6.8 percent from last year. Total returns, which include do-it-yourself software and online preparation, are down 9.4 percent. [Read the full article]

Ampal-American Israel Corporation (Nasdaq:AMPL – News), a holding company in the business of acquiring and managing interests in various businesses, with emphasis in recent years on energy, chemicals, communications and related fields, reported today its financial results for the year ended December 31, 2009.

For the year ended December 31, 2009, Ampal recorded a consolidated net loss of $(20.8) million, or $(0.37) per diluted share, and revenues of $405.5 million, as compared to a net loss of $(16.7) million, or $(0.29), and revenues of $558.0 million for the same period in 2008.

Ampal ended the year with total assets of $920.6 million and shareholders’ equity of $222.0 million, as compared to $935.9 million and $240.1 million, respectively at December 31, 2008. [Read the full article]

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