Kuwait's Global Reports Narrower Q4 Loss, Shares Surge
Kuwait's Global Investment House posted a narrower fourth-quarter net loss of 44.6 million dinars ($154.9 million), driving its shares two percent higher level.
Arena Pharmaceuticals Reports Narrowed Q4 Loss
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Arena Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, Thursday, announced a narrower fourth quarter loss, triggered by a sharply lower research and development expenses on account of the conclusion of late-stage studies of evaluating lorcaserin for weight management.
Orica Might Lose $192m
Chemical maker Orica Ltd. reveals that it might face a $192 million hit to its after tax profit should it choose not to appeal a Federal Court decision because of which it will have to pay more tax over the sale of Orica's pharmaceuticals business in 1998.
Tullett Prebon Reports 1% Rise in Profit
British interdealer broker Tullett Prebon reported that its staff defections affected 2009 revenue and continues to hamper as it rebuilds its teams, after it reported a small hike in pretax profit on Monday.
SNC-Lavalin Group Inc. Posted High Fourth-Quarter Earnings
SNC-Lavalin Group Inc., Canada's biggest engineering and construction company, is pretty sure that its 2010 results will be higher than 2009. The big Montreal-based engineering group posted higher fourth-quarter earnings and elevated its dividend by 13%. It also mentioned its C$10.8 billion backlog.
Profit of $57.4M Recorded by Torstar
As the decline in the revenue slowed down near the end of the year, Torstar Corp. managed to post higher profit in the year's last quarter. The stock raised 15% on Tuesday and 7.2% on Wednesday, closing at $7.77.
Wholesale Club Operators’ Profit Rises
Higher gas prices and sales growth overseas lead the Costco Wholesale Corporation to a 25% increase in quarterly earnings. It earned $299 million for the quarter up to February 28, far more than last year's $239 million for the same period.
Sales rose in the second quarter, up to the extent of $18.74 billion, from $16.84 billion.
BMO Witnesses Successful First-Quarter Revenues
Bank of Montreal witnessed its first-quarter revenues and profits, helped by strong results in its Canadian operations and shrinking provisions for bad loans. The bank is planning to kick its mortgage business back into growth mode as a result.
Rosetta Stone Posts Q4 Results Above Wall Street Expectations
Software maker Rosetta Stone Inc. posted its quarterly results which surpassed Wall Street speculations on account of strong demand from both consumers and institutions for its products. In addition, the company augured first-quarter and full-year revenue above estimates, landing its shares up by 13 percent.
Magellan Health Reports More-than-Expected Profit in Q4
Magellan Health Services Inc. reported a more-than-expected quarterly profit, backed by strong Medicaid administration revenue.
It reported its fourth-quarter net income to be $43.7 million, or $1.25 a share, compared to $23.6 million, or 61 cents a share in the year-ago period.
Also, the revenue for the company reportedly jumped 9 percent to $718.9 million.
AIG Faces $8.87 Billion Loss in Q4
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American International Group Inc. announced Friday that it faced an $8.87 billion loss in the fourth quarter as its general insurance business posted weakness and the company ran up expenses from paying back government loans.
Lloyds Pines Hope for 2010
Lloyds Banking Group Plc, Britain's biggest mortgage lender, on its unexpected full-year loss, in 2009 on the bank's takeover of HBOS Plc., showed continuation in impairments that haunted the company, but hoped that its performance improves in 2010.
Stantec Reports 14.5% Gain in Q4
Engineering Stantec Inc. posted an improved 14.5 per cent gain fourth-quarter on Thursday, despite posting a slip in revenue.
"But while being tested by one of the toughest economies in our 56-year history, we're pleased to report strong performance and solid results for the full year of 2009", CEO Bob Gomes quoted.
Telefonica Posts 22 Per Cent Increase in Fourth Quarter Profit
The second largest telephone company in Europe, Telefonica SA, has reportedly registered a huge profit in the fourth quarter which was actually much larger than what was initially expected by the company.
Rona Posts 1.5% Rise in Q4
With the expansion in its customer base, Rona Inc. reported a 1.5% rise in its fourth-quarter in sales. The company is thus, forecasting better results this year.
"It will be much better than what we were expecting", said Claude Guévin, Rona's Chief Financial Officer, about the current fiscal year.
National Bank Reports 6% Surge in Q1 Earnings
National Bank of Canada has reported a 6% surge in its net first-quarter profits, compared with the previous year. The group witnessed a remarkable rise in its revenues, during the quarter.
Its net income reached $215 million. The total revenues came out to be $1.08 billion, rising by 23 per cent from last year.
Frontline Suffers Fourth Quarter Profit Fall By 66 Per Cent
It has been reported that the largest independent shipping group of oil tankers in the world, Frontline, has suffered a terrible slump in the fourth quarter with the profits plunging by about 66 per cent.
Profits Rise at Tim Hortons Following Favourable Weather and New Promotion
Due to unseasonably temperate climate and new promotions, Tim Hortons Inc., coffee store operator, posted an immense 32% fourth-quarter profits that helped to gather customers and resulted in balancing the increased prices.
Euro3 million 4Q Loss Posted by Deutsche Telekom
Germany's Deutsche Telekom, based in Bonn, provider of mobile phone, landline and Internet access across Europe and operator of T-Mobile in the U. S., lost Euro3 million amid costs of nearly euro500 million related to Greece's financial crisis.
Wynn Macau Soars to a One-Month High Following Strong Q4 results
Shares in Wynn Macau Ltd., a unit of Wynn Resorts founded by Steve Wynn, soared to a one-month high. This was a day after the casino operator posted quarterly results that beat analysts' expectations.
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