U.S. stocks were trading mixed Tuesday on 27th July, 2010 at 3:55PM EDT as the Dow Jones Industrial Average rose 0.11% to 10537 but the Standard & Poor’s 500 fell 0.12% to 1114 and the Nasdaq Composite dropped 0.32% to 2289.
Lexmark International Inc. (NYSE:LXK, $37.63, +$2.82, 8.10%), the maker of laser and inkjet printers, Tuesday reported a sharp increase in second quarter profit, as strong sales of printers and supplies. Lexington, Ky.-based Lexmark reported second-quarter net income of $85.1 million, or $1.07 per share, compared with $17 million, or 22 cents per share, a year earlier.
Germany’s biggest bank, Deutsche Bank (NYSE:DB, $68.16, +$1.98, 2.99%) on Tuesday reported a 9 percent modest rise in second-quarter net profit after turbulent markets hit the group’s key investment banking operations. Deutsche Bank AG, reported second-quarter earning of 1.16 billion euros, or about $1.51 billion, compared with 1.09 billion euros in the prior-year quarter.
Regions Financial Corp (NYSE:RF, $7.30, +$0.21, 2.96%) on Tuesday reported a wider loss for the second quarter. Regions Financial reported second-quarter net loss had widened to $335 million, or 28 cents per share, from $244 million, or 28 cents per share, in the same quarter a year earlier.
Shares of Zoran Corp. (NASDAQ:ZRAN, $9.05, -$0.72, -7.37%) tumbled Tuesday after the chip maker’s reported a narrower second-quarter loss but the result missed Wall Street expectations due to weakness in its digital television division and and the company’s third-quarter outlook disappointed investors.
Office Depot Inc. (NYSE:ODP, $4.41, -$0.32, -6.77%), the second- largest US office-supply chain, reported narrowed its loss in the second quarter on tax benefits and cost cutting but the office supply retailer’s sales continued to fall. Office Depot reported second quarter net loss of $18.70 million, or 7 cents per share, narrower than $82.56 million, or 31 cents per share, in the same quarter a year earlier.
General Electric (NYSE:GE, $16.17, +$0.03, 0.19%) said Tuesday it will pay $23.4 million to settle an investigation by the Securities and Exchange Commission of activities related to the conduct of certain non-U.S. units with regard to the United Nations Oil-for-Food program in 2000-2003, The Street reported.
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