Chevron Corp’s, (
CVX: chart), Q3 results included two months of operations from the former Unocal operations, while last year''s period included a gain of $500 million, or 23 cents a share, related to asset sales. Sales and other operating revenue reached $53.38 billion in the latest three months, up from $39.61 billion in the same period a year earlier. The company stated the adverse impact of Hurricanes Katrina and Rita more than downgraded the positive earnings contributions of the former Unocal operations. Chevron estimates are that the storms cut its crude oil and natural gas production by about 90,000 barrels of oil-equivalent per day in the quarter. This translated to an earnings reduction of roughly $600 million for the quarter, the company stated.
Microsoft Corp., (
MSFT: chart), software maker, reported quarterly net income of 29 cents per share, up vs. 23 cents per share in the year-ago period. The latest quarter results included a charge of 2 cents per share to account for a legal settlement with RealNetworks Inc. The results for the year-ago period included a one-time charge of 3 cents per share, to account for a legal settlement with Novell Inc. Excluding the one-time charge, the company would have gained 31 cents per share, topping on that basis analyst projections by a penny.
Bristol-Myers Squibb, (
BMY: chart), drug maker, posted Q3 earnings from continuing operations of 49 cents a share, up from an equivalent profit of 38 cents a share in the prior year period, beating analyst estimate of 33 cents a share. If not for items, the company earned 31 cents a share in Q3, down from 44 cents a share in the year-ago time. Sales from continuing operations amounted to $4.77 billion, down slightly from $4.78 billion in the same period a year ago.
Baker Hughes Inc., (
BHI: chart), oil services company, announced Q3 net profit advanced 61% to 65 cents a share on price increases, productivity improvements, and a lower effective tax rate. Revenue rose 17%. The company missed the analyst estimate for Q3 of 67 cents.
CBOT Holdings, (
BOT: chart), holding company, announced that Q3 net income advanced 63% to 40 cents a share on revenue growth, related to contributions from increased trading volume and a higher average rate per contract. Q3 trading volume advanced 9% while average daily volume also advanced 9%.
Radware Ltd., (
RDWR: chart), Internet software provider, posted Q3 net income of 8 cents a share, down vs. 19 cents a share in the same period a year ago despite 8% revenue growth, topping analysts’ forecasts of 5 cents a share.
R&B Inc., (
RBIN: chart), supplier of automotive replacement parts, announced that Q3 net income increased 4.8% to 25 cents a share, up from 24 cents in the prior year period on 15% higher sales. If not for the June acquisition of Automotive Edge/Hermoff, sales rose 13%. Gross-profit margin narrowed to 34.9% to 37.3%. Selling, general and administrative expense dropped to 24% of sales from 25.4%.
Archer Daniels Midland, (
ADM: chart), agricultural commodities and products provider, posted Q1 net income of 29 cents a share, down from 41 cents a share in the year-ago period on revenue decrease. If not for a charge related to an accounting change, the company would have earned 32 cents a share, missing analyst estimate by a penny.
Gene Logic, (
GLGC: chart), biotech company, announced that its Q3 net loss widened $1.24 a share, from 46 cents a share in the same time last year despite slight revenue growth.
Peoples Energy Corp., (
PGL: chart), oil and gas company, posted a Q4 loss of 6 cents a share, up from 27 cents a share in the year-ago period on almost 16% revenue growth. Peoples Energy recorded a mark-to-market accounting loss of $7.7 million during Q4, larger than anticipated.
Anadarko Petroleum Corp, (
APC: chart), oil and gas company, posted Q3 earnings of $2.51 a share, up from $1.58 a share in the year-ago period on revenue growth, missing analyst estimate for earnings of $2.89 a share. The latest results incorporate $90 million in unrealized loss on derivatives, a $19 million gain from the company''s firm transportation keep-whole agreement, and a charge of $13 million related to restructuring.
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