Here’s a rundown of some of today’s earnings reports:
Nokia, the world’s largest mobile phone maker, reported a $1.36 billion loss in the third quarter as the company wrote down the value of its wireless networks venture by $1.35 billion and global sales declined 20 percent.
The company said that its leading share of the global cellphone market remained unchanged at 38 percent. But it acknowledged that its lead in smartphones, the fastest-growing segment of the market, had fallen to 35 percent from 41 percent, losing ground to Apple’s iPhone and Research in Motion’s BlackBerry devices.
In a retrenchment brought on by slowing motorcycle sales, Harley-Davidson Inc. is selling off two sport brands and looking overseas for new customers.
The company, which on Thursday reported an 84-percent slide in third-quarter profits, said it plans to stop making Buell motorcycles and will sell its Varese,Italy-based MV Agusta division in order to focus on its namesake brand.
Charles Schwab Corp. said Thursday it was able to attract new accounts and client assets during the third quarter, but its profit fell 34 percent as low interest rates and waivers on certain fees ate into revenue.
Revenue fell 19 percent to $1.01 billion, just short of what analysts expected. The miss weighed on the company’s shares in midday trading, sending the stock down 91 cents, or 4.7 percent, to $18.37.
The investment bank Goldman Sachs said Thursday morning that it earned $3.19 billion from July through September, largely through the success of its investments.
The New York company has emerged as the great beneficiary of the government’s massive efforts to revive Wall Street. Preserved from failure by federal aid, trading in markets revived by federal aid, Goldman has recorded some of the largest profits in its long history.
The company’s third-quarter earnings amounted to $5.25 a share, compared with $845 million or $1.81 a share during the same period last year. On Wall Street, the company’s shares were down 1.5 percent to $189.34 in early trading.
Here’s my take on more of today’s reports.