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The former officials said the company routinely overstated both profits and cash on its balance sheet.
Bankers prefer debt because it lowers their tax bill, and juices both profits and bonuses.
But to take hold, rallies need support from both profits and cheap valuations.
Intel, which also reported its earnings after the market closed Tuesday, said both profits and revenue rose.
Another major industrial company, General Electric, reported results that slightly surpassed Wall Street's expectations in both profits and sales.
Microsoft reported a remarkably strong quarterly performance yesterday with both profits and revenue up sharply at a time when the economy is weak and technology spending is depressed.
Similar(18)
Both profited incalculably from the relationship.
He specialized in interiors as well as building design for both profit and non-profit organizations.
Several months ago, the two sides began negotiating a deal from which they could both profit.
They are home to artists, writers and organizations both profit and nonprofit.
The complex transactions enabled Monte dei Paschi to transfer risk to the other banks, generating both profit and losses.
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