Loews Reports a Less than Expected Q4 Profit
Loews Corp. and its conglomerate CNA Financial Corp. insurance unit reported a fourth-quarter profit on Monday which was lesser that analysts' speculations as profit squeezed at its oil and gas drilling company, Diamond Offshore Drilling.
Lorillard Reports 6% Fell in its Q4 Profit
Lorillard Inc. on Monday reported that its fourth-quarter profit fell by 6% as the maker of Newport cigarettes encounters higher manufacturing costs, pension and legal expenses.
Still, the cigarette maker claims its full-year decline was much less than the 8.6 percent slip that was the industry average.
Vitran’s Sales Rises, Loss Falls
Reducing its fourth-quarter loss to $2.3-million and Vitran Corporation increased its revenue by 7%. Its revenue rose to $165 million from $154.2 million of the last year, in the three months ended on December 31.
Despite fall in Profits Xstrata Stays Confident
Although Xstrata's second-half profits collapsed by 97% due to the fall in the prices on coal, copper and other metals, yet it has remained quiet confidence about the future as it looks forward to restore dividend payments.
CVS Reports 10% Rise in Q4 Earnings
CVS Caremark Corp. posted a 10% rise in its fourth-quarter earnings as the sales at its drugstores increased and it began to attract more business to its pharmacy benefits management unit.
The earnings rose to $1.05 billion, or 74 cents per share, during the fourth quarter from $949 million, or 65 cents per share, the previous year.
Strong Chicken Sales Reported by Tyson Foods, Profits Recorded
On Friday, the beef and poultry giant Tyson Foods posted a record-breaking earnings reported for the first-quarter, mainly on the back of much-stronger-than-expected chicken sales.
ResMed Inc Net Income rises 42% in Fist half of this FY
ResMed Inc, manufacturer of the respiratory equipments, recorded an increase of 42 per cent in net income to $US88.1 for the first half of this financial year.
The operational income of the company rose 38 per cent to $US110.6 million over the same period a year ago. Its total revenue for the six months ended December 31 increased 18 per cent $US522.1 million.
Full Year Earnings Forecast Lifted by Virgin Blue
Virgin Blue has managed to sound an optimistic chime throughout the travel industry, one of the hardest hit sectors during recession, after lifting its before-tax earnings forecasts to as much as $110 Million for the complete fiscal year.
Panasonic Results Affected By Sanyo Acquisition
Panasonic Corp. has admitted that the acquisition of Sanyo Electric Co Ltd, the world's largest rechargeable battery maker, in December, will affect its full year results. Panasonic completed its 400 billion yen ($4.5 billion) acquisition of a 50.2% stake in Sanyo, in a move to establish a new growth driver.
Aetna Reports Poor Q4 Profits
Aetna Inc. posted a remarkably low quarterly profit, on Friday. Its fourth-quarter net income fell to $165.9 million, or 38 cents per share, from $194.7 million, or 42 cents per share, the previous year.
Aetna had previously warned the investors that 2010 would be a repositioning year.
Profit in Five Quarters Heightens Outlook for Sony
Sony Corp. heightened its annual loss forecast as the reorganization measures benefited and sales of its PlayStation 3 heaved following a price cut. Sony also placed a sharp increase in its net profit October-December quarter.
Third-quarter Sales Progress For Vodafone
Annual cash outlook was increased by the world's largest mobile operator by sale, Vodafone Group PLC on Thursday after mentioning cost-cutting efforts, solid growth in emerging markets and progressing image in Europe.
Deutsche Bank Reports Benefits in Q4
After reporting a record loss throughout 2009, Deutsche Bank, posted its fourth straight quarterly profit on a rebound, in trading.
It reported a net income of 1.3 billion Euros in the fourth quarter after a loss of 4.8 billion Euros in the rest of the year.
AOL Reports Small Q4 Profit as Ad Sales Fall
AOL Inc. reported a small fourth-quarter profit, but sharp subscription declines and an unpredictable advertising environment undermined the future challenges for the newly independent company.
AOL registered a $1.4 million earning in the fourth quarter, reversing a significant loss the previous year.
Health Net posts Q4 loss of $45.2 million
Owing to a steady fall in enrollments, Health Net - the leading publicly-traded managed healthcare company in the US – recently posted a fourth-quarter loss of $45.2 million; as compared to the same quarter year-before net income figures of $35.5 million.
First Time AOL Gains Profit Since Spinoff
AOL Inc. recorded fourth quarter profit amidst the charges of declining internet subscription as was reported by Time Warner Inc.
AOL was spun off in December, almost 10 years after the infamous $106 billion merger, on the charges of loosing its internet customers.
Increased Subscribers Double Comcast’s Profit
Increase in subscription rate of Comcast Corp. had doubled the fourth quarter earnings of the company by posting net income of $955 million as compared to $412 million of previous year.
In spite of recession in economy and increased competition from the telecommunication industry, cable industry had maintained its growth rate.
Haemonetics Reports Earnings in Q3
Haemonetics Corp. reported its third-quarter results, yesterday, earning $18.3 million, or 71 cents per share in revenue.
Gazprom Reports Falling Profits
Russian natural-gas energy giant Gazprom has announced its profit to narrow by 34% after the firm continued to be wounded by the higher cost of buying gas.
Gazprom reported that it sold less gas to all the geographical regions it serves.
Ryanair Reports its 3Q Net to Decrease
Shares of Ryanair Holdings PLC witnesses a rise of 4.9% on Monday after it revealed its third-quarter net loss squeezed sharply on significantly lower fuel prices, and lifted its full-year net profit guidance on account to better-than-expected performance.
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