fourth quarter results

This week E*TRADE FINANCIAL Corporation announced their results for the fourth quarter ended December 31, 2008. The report revealed a net loss of $276 million, or $0.50 per share, compared with a net loss of $1.7 billion, or $3.98 per share, in 2007. In addition the company also announced 2008 full year results that showed a net loss of $512 million or $1.00 per share ($1.58 loss per share from continuing operations), compared to a net loss of $1.4 billion or $3.40 per share in the previous year.

The fourth quarter and 2008 full year results were recently reported by TSYS. The results reflected the impact of the shift in currency that occurred primarily in the fourth quarter. On the whole the company reported the revenue increased and earnings per share exceeded the expectations of the experts. In addition the company also announced its guidance for the current year.

The fourth quarter results posted by Google didn’t prove much impressive as it was before but still the company showed relatively good performance as compared with its peers in present economy turmoil. With that Google’s fourth quarter revenue rose 18% to $5.7 billion which is the first time when its quarterly revenue growth has been less than 30 percent since its IPO in 2004.

Financial results for the fourth quarter and year ended December 31, 2008 were recently posted by the tech and auction giant eBay Inc. the fourth quarter revenue showed a significant decrease while PayPal, Classifieds, text and graphical advertising and Skype showed good performance with the growing revenue on a year-over-year basis.

Citi released its fourth quarter results report. A net loss for the 2008 fourth quarter accounted for $8.29 billion, or $1.72 per share, based on 5,347 million shares outstanding. Revenues of $5.6 billion were affected by write-downs and losses in Securities and Banking. Results also include $6.1 billion in net credit losses and a $6.0 billion net loan loss reserve build.

JPMorgan Chase & Co. released its fourth quarter 2008 report that shows the company had a net income of $702 million, compared with net income of $3.0 billion in the fourth quarter of 2007. Earnings per share made up $0.07 against $0.86 in the fourth quarter last year. For the full year of 2008 net income amounted $5.6 billion, or $1.37 per share, a 64% decrease from $15.4 billion, or $4.38 per share in 2007.