NRG Energy Posts a Loss
Feb 28, 2:11 PM EST |
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| Hospira and StarTek profit declines 78%, while Sprint Nextel enjoys higher quarterly profit. |
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| Hospira fourth-quarter profit surged 78%, thanks to reduced expenses and increased sales. NRG Energy swung to a loss in the fourth quarter despite a surge in revenue, on the back of a hefty charge related to hedges. Sprint Nextel fourth-quarter profits rose 33% on stronger revenue, but the company continued to lose high-quality subscribers. StarTek fourth-quarter earnings per share fell 27% on 4.4% lower revenue. |
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Eaton Vance First-Quarter Earnings Fall 93%
Feb 28, 12:51 PM EST |
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| Blount International and Bitstream posts lower profit, while Dycom Industries net earnings increase and Leap Wireless records a fourth-quarter loss. |
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| Blount International reported lower fourth-quarter results, citing a fall in demand for company’s timber-harvesting equipment products. Leap Wireless International swung to a fourth-quarter loss, as rising equipment, marketing and other costs offset stronger customer gains. Bitstream posted a 20% decline in fourth-quarter profit although company’s revenue jumped 20%.Eaton Vance first-quarter earnings fell 93%, hurt by charges related to fund openings and closings. |
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Foster Wheeler Posts Profit Versus Net Loss
Feb 27, 2:05 PM EST |
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| Dynegy swings to a loss, Fresh Del Monte Produce widens its quarterly loss, while Mine Safety Appliances fourth-quarter profit falls. |
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| Mine Safety Appliances fourth-quarter profit fell 19% on higher costs, but topped Wall Street''s consensus targets. Dynegy swung to a loss of $58 million in the fourth quarter as revenue fell and the company absorbed costs related to a financial restructuring. Foster Wheeler swung to a fourth-quarter profit as revenue jumped. RadioShack fourth-quarter profit jumped 64% with lower costs more than offsetting a decline in revenue and same-store sales. |
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Frontier Oil Profit Falls 17%
Feb 27, 1:32 PM EST |
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| USEC and CBRE Realty Finance enjoy higher profit, while Blockbuster quarterly profit declines. |
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| USEC posted higher quarterly profit on lower revenue. Frontier Oil fourth-quarter profit declined 17% on the absence of strong gasoline and diesel margins and a higher inventory loss. Blockbuster reported lower quarterly profit due to store closures and higher costs associated with growing company’s online business. Federated Department Stores said stronger sales at established stores and lower costs drove fourth-quarter earnings 5% higher. |
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GulfMark Offshore Profit More than Triples
Feb 26, 1:07 PM EST |
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| Old Mutual and Persimmon both enjoy higher quarterly profit. |
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| GulfMark Offshore fourth-quarter profit more than tripled as the company''s fleet fetched higher average contract rates. Old Mutual profit increased driven by strong net inflows of client assets, which totaled $10.4 billion for the quarter, represents 4% of the change. Persimmon reported a 32% profit rise on 37% higher revenue. |
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Tekelec Net Loss Narrows
Feb 23, 1:35 PM EST |
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| Roper Industries, Champion Industries and Dorman Products enjoy higher profit, while Premiere Global Services profit declines. |
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| Roper Industries fourth-quarter profit increased 13%, and said it ended the year with record backlog, thanks to favorable conditions in company’s end markets. Tekelec said it shaved its fourth-quarter loss from a year earlier, when the company recorded a $27.2 million impairment charge. Dorman Products fourth-quarter profit rose 12% on an increase in revenue. |
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EMC Insurance Group Profit Falls 40%
Feb 22, 2:06 PM EST |
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| Patterson and ICT Group profit and revenue rise, while Spectranetics posts a fourth-quarter loss against year-ago profit. |
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| Patterson third-quarter profit and revenue rose, but weak dental equipment sales disappointed Wall Street. EMC Insurance Group reported a fourth-quarter net income fall 40% on 2.7% lower revenue. ICT Group fourth-quarter earnings rose 31% as call volume rose sharply. Spectranetics swung to a fourth-quarter loss from year-ago profit, as legal costs and weakness in laser product sales offset gains in company’s disposable product segment. |
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Friedman, Billings, Ramsey Group Turns Back to a Profit
Feb 22, 1:34 PM EST |
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| Tronox, Hardinge and Oceaneering International enjoy higher profit, while K-Swiss fourth-quarter earnings fall 8%. |
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| Tronox fourth-quarter net income rose due to reduced losses from discontinued operations in the quarter. Hardinge fourth-quarter profit more than tripled on a jump in revenue. K-Swiss fourth-quarter earnings fell 8%, hurt by lower domestic revenue. Oceaneering International fourth-quarter profit rose 52%, as strong demand for company’s services allowed it to increase rates. Ramsey Group turned back to a profit with negative revenue tied to an investment loss of nearly $259 million. |
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FairPoint Fourth-Quarter Profit Falls by Half
Feb 21, 4:30 PM EST |
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| Group 1 Automotive fourth-quarter net income declines, Jack in the Box first-quarter profit grows, while Nice Systems fourth-quarter earnings fall sha |
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| Group 1 Automotive fourth-quarter net income declined 9%, with lower sales of Ford vehicles and a significant charge. Jack in the Box first-quarter profit grew 48% as sales at established stores rose. Nice Systems fourth-quarter earnings fell sharply as the company booked a series of one-time charges. FairPoint Communications fourth-quarter earnings fell by half, primarily from higher expenses and costs of an acquisition. |
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Epiq Systems Net Loss Narrows
Feb 21, 1:36 PM EST |
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| Possis Medical and BTU International post lower second-quarter profit, while Tween Brands and Henry Schein enjoy higher profit. |
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| EPIQ Systems reported higher income for 2006 despite a $2.1 million loss for the fourth quarter. Possis Medical reported a sharply lower second-quarter profit amid higher expenses. Tween Brands fourth-quarter net income grew 4%, aided by sales at established Justice stores. Henry Schein fourth-quarter profit rose 30% as dental equipment sales surged. |
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