Sify Swings to a Quarterly Profit
Jan 22, 1:08 PM EST |
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| Lee Enterprises and A.O. Smith record higher quarterly profit, while Movie Gallery loss widens. |
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| Sify net profit for the quarter was impacted due to the exchange loss of $ 0.47 million incurred on account of the strong Rupee against the Dollar. Lee Enterprises first quarter profit rose 17% on strong gains in online advertising revenue and smaller improvements in newspaper advertising and circulation. Movie Gallery quarterly loss widened on higher professional fees and other expenses. A.O. Smith fourth-quarter profit rose 18% on a 25% jump in revenue. |
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General Electric Profit More than Doubles
Jan 19, 2:36 PM EST |
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| Schlumberger fourth-quarter profit soares, while Molex second-quarter profit rises. |
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| General Electric fourth-quarter profit more than doubled as the diversified industrial products and media conglomerate saw strong revenue growth in its infrastructure, health care and financial services businesses. Schlumberger fourth-quarter profit soared due to significant price increases, heavy exploration activity worldwide and better-than-expected results at company’s seismic operation. Molex second-quarter profit rose 13% on a 20% increase in revenue. |
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KeyCorp Profit Rises 9.5%
Jan 19, 1:22 PM EST |
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| Consolidated Edison and Nuveen Investments enjoy higher quarterly profit, while International Business Machines fails to beat some investors' forecast |
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| Consolidated Edison reported higher quarterly profit as the utility raised company’s rates for electricity. Nuveen Investments fourth-quarter earnings rose 15%, buoyed by higher fees from assets under management. KeyCorp fourth-quarter profit rose 9.5%, helped by growth in lending and fee-based businesses, though net income fell because of the sale of a subprime mortgage unit. |
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Applied Industrial Technologies Profit Rises 21%
Jan 18, 2:16 PM EST |
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| SLM fourth-quarter net income increases 15%, while Huntington Bancshares fourth-quarter earnings fall 13%. |
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| Applied Industrial Technologies second-quarter earnings rose 21%, although weaker-than-expected sales led the company to trim the high end of its fiscal year guidance. SLM fourth-quarter net income increased 15% that include a total managed student loan portfolio a 16-percent increase from the year- ago quarter. Huntington Bancshares fourth-quarter earnings fell 13% as the regional bank holding company continues to reposition its investment securities portfolio. |
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Sony Ericsson Profit More Than Triples
Jan 17, 3:17 PM EST |
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| Lennar swings to a fourth-quarter loss from a year-earlier profit, while CIT Group fourth-quarter earnings rises 4%. |
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| Lennar swung to a fourth-quarter loss from a year-earlier profit on 15% lower revenue. CIT Group fourth-quarter earnings rose 4%, helped by asset growth and rising banking fees. Sony Ericsson profit more than tripled in the fourth quarter, as record sales of its music and camera handsets helped the company gain market shares. |
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Southwest Airlines Posts Lower Net Income
Jan 17, 2:54 PM EST |
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| Amphenol fourth-quarter profit rises as well as State Street fourth-quarter net income increases and profit at JPMorgan soars 68%. |
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| Amphenol fourth-quarter profit rose as sales increased to all markets, especially those related to communications. State Street fourth-quarter net income increased 17% as customers bought more of the company''s asset management and servicing products. Fourth-quarter earnings at JPMorgan soared 68% on strong investment banking growth and a gain from the sale of the bank''s corporate trust business. Southwest Airlines reported fourth-quarter net income fell 19% on 15% higher revenue. |
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Southwest Airlines Posts Lower Net Income
Jan 17, 2:30 PM EST |
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| Amphenol fourth-quarter profit rises as well as State Street fourth-quarter net income increases and profit at JPMorgan soars 68%. |
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| Amphenol fourth-quarter profit rose as sales increased to all markets, especially those related to communications. State Street fourth-quarter net income increased 17% as customers bought more of the company''s asset management and servicing products. Fourth-quarter earnings at JPMorgan soared 68% on strong investment banking growth and a gain from the sale of the bank''s corporate trust business. Southwest Airlines reported fourth-quarter net income fell 19% on 15% higher revenue. |
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Freeport-McMoran Copper & Gold Profit Falls
Jan 16, 2:37 PM EST |
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| Wells Fargo & Co. and Forest Laboratories increase their quarterly profit and record higher revenue. |
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| Freeport-McMoran Copper & Gold recorded weaker-than-expected quarterly results on declining production at its core Indonesian mining operations. Forest Laboratories revenue rose 18%, driven by sales of Alzheimer''s disease treatment Namenda, which grew 40% to $173.9 million. Wells Fargo & Co.''s fourth-quarter profit rose 13% as the company shook off a mortgage lending slowdown to sell other products and collect more service fees. |
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Commerce Bancorp Quarterly Profit Rises 68%
Jan 16, 1:57 PM EST |
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| Life Partners Holdings, Marshall & Ilsley and U.S. Bancorp enjoy higher quarterly net income. |
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| Life Partners Holdings revenues increased by 5% over the same period last year while total business volume, as measured in policy face values transacted, increased by 22% over last year to just over $35 million. Commerce Bancorp fourth-quarter profit climbed 68% on deposit and loan growth. Marshall & Ilsley fourth-quarter profit rose 16%, helped by acquisitions and growth in fees. U.S. Bancorp reported higher quarterly profits, helped by growth in business lending and fee-generating units. |
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Fortune Industries Posts Record Revenue
Jan 11, 1:51 PM EST |
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| CRA International fourth-quarter earnings fall but Fortune Industries quarterly profit nearly flat. |
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| CRA International fourth-quarter earnings fell 4.2%, as executive compensation expenses offset gains in overseas business. Fortune Industries announced record revenue for the fourth quarter thanks to increased demand for products and services due to the cellular communication industry''s investment in expansion of their networks and increased marketing. |
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