Closing Bell: What recession? Earnings make six-week run (C, GE, DRYS, ERTS, MAT, GOOG)

Filed under: Google (GOOG) , General Electric (GE) , Citigroup Inc. (C) , Mattel, Inc (MAT) , Electronic Arts (ERTS) Today was a very light event day outside of two DJIA components reporting earnings. We saw another instance where stocks held on to gains and did not sell the news too bad. It looks like the indexes actually have made it six straight weeks up now. Here are today’s closing bell levels: DJIA: 8,131.33 S&P500: 869.57 NASDAQ: 1,673.07 Top 10 Analyst Calls Citigroup Inc. (NYSE: C ) posted a net profit at $1.59 billion on items and net loss came to -$0.18 EPS after converting $12.5 billion in convertible preferred stock. Revenues for the quarter were $24.79 billion. Estimates were -$0.34 EPS and $21.94 billion

in revenues. Shares were down 6% at $3.76 late in the day. General Electric Co. (NYSE: GE ) posted a 35% drop in earnings, but the numbers did come in ahead of estimates by 5 cents per share . Even its financial operations posted that profit of more than $1 billion. Shares were up 2% at $12.53 late in the day. Continue reading Closing Bell: What recession? Earnings make six-week run (C, GE, DRYS, ERTS, MAT, GOOG) Closing Bell: What recession? Earnings make six-week run (C, GE, DRYS, ERTS, MAT, GOOG) originally appeared on BloggingStocks on Fri, 17 Apr 2009 16:15:00 EST. Stock Market.Stocks | Stocks | Stocks

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Closing Bell: What recession? Earnings make six-week run (C, GE, DRYS, ERTS, MAT, GOOG)