Alcan Swings to Quarterly Profit
Jan 31, 2:52 PM EST |
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| Time Warner posts a 34% rise in profit, while Constellation Energy Group records double quarterly profit. |
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| Eastman Kodak first profit enters the final stretch of a tough transformation into a digital photography and commercial printing company. Alcan swung to a profit in the fourth quarter on higher aluminum prices and sharply lower restructuring charges. Time Warner quarterly profit rose 34%, boosted by AOL Internet asset sales in Europe and more digital cable and phone customers, but shares slipped as analysts said its 2007 outlook was overly conservative. |
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Boeing Earnings More Than Double
Jan 31, 2:09 PM EST |
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| Xcel Energy and PepsiAmericas quarterly profit falls, while Nymex fourth-quarter profit rises 105%. |
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| Boeing fourth-quarter earnings more than doubled as revenue climbed on double-digit growth in company’s commercial airplanes and defense systems businesses. Hess fourth-quarter profit tumbled 21% largely due to weakness in company’s refining business. Xcel Energy fourth-quarter net income fell 13% on lower utility revenue. PepsiAmericas fourth-quarter net income fell 31%, hurt by charges, lower demand for carbonated beverages and higher raw material costs. |
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Dominion Resources Fourth-Quarter Profit Plummets
Jan 31, 1:30 PM EST |
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| Altria, Media General and L-3 Communications Holdings enjoy higher profit, while Kraft Foods posts 19% lower profit. |
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| Kraft Foods posted a sharply lower quarterly profit as the company continued to work on plans to revive its business. Altria fourth-quarter profit rose 29.3% on the strength of acquisitions, favorable currency comparisons and pricing strength internationally. Media General fourth-quarter earnings rose nearly 27%, largely boosted by revenue from company’s broadcast holdings. L-3 Communications Holdings fourth-quarter profit climbed 15%, thanks to strong sales growth. |
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Entergy Fourth-Quarter Earnings Triple
Jan 30, 3:02 PM EST |
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| Lexmark International and Calamos Asset Management rise in quarterly profit, while Wilshire Bancorp posts record profit. |
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| Lexmark International expected revenue to decline in the first quarter of 2007. Entergy fourth-quarter earnings nearly tripled, boosted by gains from the sale of its energy trading unit. Calamos Asset Management stronger markets boosted fourth-quarter profit by 8.5%, beating analysts'' forecasts and lifting the company''s shares. Wilshire Bancorp posted a record profit. Smith International fourth-quarter profit rose significantly on strong performance at company’s Eastern Hemisphere operations. |
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Tenneco Fourth-Quarter Earnings Nearly Doubles
Jan 30, 2:19 PM EST |
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| Kellogg profit falls, while Safeco and Chicago Mercantile Exchange Holdings post higher profit. |
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| Tenneco fourth-quarter earnings nearly doubled, but adjusted earnings missed analysts'' expectations. Kellogg fourth-quarter profit fell 5%, weighed down by increased costs for commodities, fuel and benefits. Safeco posted fourth-quarter earnings rose 13.5%, as claims declined from the year-ago storm-ravaged period. Chicago Mercantile Exchange Holdings fourth-quarter profit rose 35% as investors traded more currency, interest rate and commodity contracts. |
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U.S. Airways Group Swings to a Profit
Jan 30, 1:42 PM EST |
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| MDU Resources Group and Diebold enjoy higher profit, while Align Technology and Pilgrim's Pride swing to quarterly loss. |
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| Align Technology swung to a fourth-quarter loss, but not as badly as Wall Street predicted. Pilgrim''s Pride swung to a loss in the first quarter, hurt by higher feed costs. MDU Resources Group fourth-quarter profit rose 13%, as gains from company’s construction materials and mining segment offset weaker results from its natural gas and oil production unit. Diebold fourth-quarter profit more than doubled, thanks to higher sales and lowered expenses. |
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Tesoro Profit More than Doubles
Jan 29, 2:50 PM EST |
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| Infineon Technologies swings to a profit, Schering-Plough posts higher profit, while Verizon and Midwest profit falls. |
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| Verizon Wireless quarterly revenue rose nearly 16% on strong customer growth and the use of data services such as wireless e-mail. Tesoro said that robust refining margins led to a more than doubling of fourth-quarter profit, despite a drop in revenue. Schering-Plough fourth-quarter profit surged 75% as strong sales of company’s cholesterol, arthritis and medicines helped offset rising costs. Mattel fourth quarter profit rose 3% boosted by strong sales of its Barbie and Fisher-price toys. |
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Hartmarx Posts 95% Lower Profit
Jan 29, 1:18 PM EST |
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| Radware quarterly profit falls, while Silicom and Gentex record higher quarterly net earnings. |
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| Radware fourth-quarter profit plunged 95%, weighed down by stock options expenses and flat sales. Silicom fourth-quarter boosted by record revenue. Gentex fourth-quarter profit rose 4% on a rise in revenue. Hartmarx fourth-quarter profit tumbled on costs related to a plant closing and the liquidation of discontinued brands. |
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Johnson Outdoors Net Loss Widens
Jan 26, 2:40 PM EST |
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| LaBranche & Co., Manor Care and Capitol Bancorp post higher net earnings, while Halliburton fourth-quarter net income falls. |
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| LaBranche & Co. said that excluding a hefty gain related to its stake in NYSE Group, it posted a loss for the fourth quarter. Manor Care fourth-quarter profit rose 56%, led by gains in company’s hospice business and cuts in its liability costs. Halliburton posted a 40% decline in fourth-quarter profit, citing heavy demand for company’s oilfield equipment and personnel. Capitol Bancorp quarterly earnings were favorably impacted by year-end adjustments, primarily driven by loan fees. |
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Honeywell International Profit Rises
Jan 26, 1:40 PM EST |
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| PLX Technology and Caterpillar enjoy higher quarterly profit, while W.W. Grainger and CDW Corp. post lower net income. |
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| PLX Technology fourth-quarter profit surged on the back on a 37% increase in revenue. W.W. Grainger fourth-quarter profit fell 5%, because of a new way of managing company’s inventory. CDW Corp. fourth-quarter earnings fell 24%, weighed on by a litigation settlement. Caterpillar fourth-quarter profit rose 4% as higher operating costs partially offset strong sales. Honeywell International fourth-quarter profit rose 14%, putting the company in a position to buy other firms. |
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