After the closing bell Thursday, Pixar Animation Studios (PIXR: chart) announced that net for the second quarter ended July 2 declined 66% to $12.7 million, or 10 cents a share, vs. $37.4 million, or 32 cents a share, a year ago. Revenue dropped 60% to $26.4 million.

Pixar's earnings met the company's earlier estimates, which were recently slashed amid higher-than-anticipated returns of the home-video version of the company’s most recents film ‘The Incredibles’. Retailers tend to increasingly return DVDs fast if they don't manage to sell within the first two weeks of their release.

According to Pixar, the home video of ‘The Incredibles’ performed well in the U.S., but fell short of the company's outlook in France and Japan.

Management said Pixar continues to hold discussion with Walt Disney Co. about a new distribution deal as Pixar wants to complete a new distribution deal with a movie-studio partner by the end of the year.

In after-hours trading Thursday Pixar’s shares traded at $41.10.

Goodyear Tire & Rubber Co.'s (GT: chart) 2Q net income more than doubled, offsetting climbing raw-material and energy costs with price increases and a shift toward selling more expensive lines of tires.

The tire maker notified dealers Tuesday that it was raising prices for car tires by between 5% and 8% starting next month, marking the company's third price increase so far this year.

Goodyear said that net income in the second quarter jumped to $69 million, or 34 cents a share, vs. $30 million, or 17 cents a share last year. The 2Q results included a total of $54 million in charges, most of it fees Goodyear paid to refinance debt, and gains of $38 million related to an earlier revealed environmental settlement.

Sales reached $5 billion, up 11% vs. a year earlier.

Thursday the company's shares were up 10 cents at $17.45.

British Airways PLC (BAB: chart) reported higher 1Q, fueled by surging premium-passenger traffic and fuel surcharges. The U.K. carrier boosted its full-year revenue guidance Friday.

Net profit, for the quarter ended June 30, more than doubled to 90 million pounds ($160.2 million) vs. 43 million pounds last year.

Total revenue added 8.3% to 2.06 billion pounds. Pretax profit climbed 65% to 124 million pounds, topping analysts' expectations for a 35% rise.

Passenger and cargo revenues advanced 3.7% to 1.8 billion pounds with other revenues climbing 58% to 251 million pounds.

The company also posted a solid jump in passenger traffic during July, but said market conditions were unchanged and lifted its target for its year-end fuel charges.

Passenger traffic rose 4.2% with premium traffic up 6.8% in July.

The company now sees full-year total revenues to gain 5.5%-6.5%, up one percentage point from its earlier target due to fuel surcharges and the stronger dollar.

Fuel costs in the current year are estimated to come in about 525 million pounds higher than in the fiscal year ended March 31, 2005, versus an earlier outlook a 450 million pounds increase. The fuel and oil bill in the year to March 31 was 1.13 billion pounds. During 1Q, fuel and oil costs climbed 38% to 355 million pounds.

Net unit costs declined 0.1% on efficiency gains in the business. Cost of sales decreased due partly to surging ticket bookings over the company’s Web site. The operating margin in 1Q was 8.5%, up 1.7 percentage points vs. last year.

All results are reported using International Financial Reporting Standards.