Dish Network Corp, the second-biggest U.S. TV satellite operator, posted higher-than-expected quarterly profit and sales as its existing customers spent more on its services. Get the full story »
Filed under: Earnings
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CF Industries Q3 profit misses, shares fall
CF Industries Holdings Inc. said its quarterly revenue more than doubled, but the fertilizer producer’s profit missed forecasts and it took several one-time charges, sending its shares diving more than 5 percent. Get the full story »
Kraft results mixed as Starbucks ends relationship
Northfield-based Kraft reported strong earnings of 47 cents per share on Thursday afternoon. But the company’s sales, up 26.6 percent to $11.9 billion, just missed expectations of $12 billion. Analysts had expected earnings of 46 cents per share.
Earnings for the world’s second-largest food company were lower than the year-ago period, of 55 cents, because of increased advertising investment, higher taxes, and commodity cost increases.
“We had another good quarter, and we’re executing well,” Kraft CEO Irene Rosenfeld said in a statement. “The Cadbury integration has proceeded smoothly and quickly, and we’re already benefiting from significant cost synergies. I remain confident that we will achieve our goals for 2010 and accelerate our growth in 2011.” Get the full story »
Littelfuse Q3 results beat the Street
Circuit protection products maker Littelfuse Inc. posted quarterly results that beat Street expectations, helped by the strong performance of its electronics unit, but said it saw sales slowing down in the fourth quarter.
The Chicago-based company expects fourth-quarter earnings of 75-85 cents a share, on revenue of $138-$145 million. Get the full story »
TDS, U.S. Cellular profit up despite lost subscribers
Third-quarter earnings at Telephone & Data Systems Inc. and its U.S. Cellular Corp. business rose, with U.S. Cellular losing more subscribers than a year earlier.
Both companies topped analysts’ expectations and adjusted their revenue outlooks for the full year. U.S. Cellular narrowed its target while TDS raised its to $785 million to $800 million from $760 million to $790 million as the company also expects higher profit than before. Get the full story »
Zebra 3Q profit doubles on strong sales
Specialty business printers maker Zebra Technologies Corp. posted a third-quarter profit that topped Wall Street view, driven by a 37 percent growth in hardware sales, and forecast fourth-quarter earnings above estimates. Get the full story »
CBOE profit up 41% on new fees
CBOE Holdings Inc., which operates the biggest U.S. market for stock and stock-index options, said profit last quarter rose 41 percent, driven by new trading access fees and lower expenses. Get the full story »
Prudential sees third-quarter profit gain
Life insurer and annuity provider Prudential Financial Inc. Wednesday posted a 7 percent profit increase in the third quarter as its retirement and investment businesses improved. Get the full story »
Shares of Whole Foods rise on good 4Q results
A Whole Foods in Santa Rosa, Ca. (John Burgess/Tribune)
Whole Foods Market Inc. more than doubled its fourth-quarter net income as sales rose, prompting the grocer to raise its full-year outlook on Wednesday.
The news sent natural and organic grocer’s shares soaring in after-hours trading.
Whole Foods, based in Austin, Texas, reported that its net income available to common shareholders rose to $57.5 million, or 33 cents per share, for the quarter that ended Sept. 26. That’s up from $28.7 million, or 20 cents per share, in the same period last year.
GM says it expects 3Q earnings from $1.9B to $2.1B
General Motors Co. says it expects net income of $1.9 billion to $2.1 billion when it announces third-quarter results next week.
The earnings forecast was announced ahead of an expected filing with federal regulators giving details of the company’s initial public stock offering. Get the full story »
Investment sales boost still struggling AOL in 3Q
AOL Inc.’s earnings more than doubled in the third quarter thanks to gains on investments it sold, yet revenue declined sharply as online ad sales fell and its dial-up Internet access business continued to falter.
Nonetheless, the company’s results seemed to give investors some reassurance that AOL is on the right track in its plans to turn its business around. Shares rose more than 6 percent in afternoon trading. Get the full story »
Fewer claims lift WellPoint, Aetna in 3Q
WellPoint Inc. and Aetna Inc. raised their profit forecasts for the year as members avoided doctor visits or delayed care to save money, while the large U.S. health insurers stand to see an improved political climate for their business under the new Congress.
Both reported higher-than-expected quarterly profits Wednesday, saying they benefited from having to pay out less in medical costs. Get the full story »
Nov. 3, 2010 at 10:17 a.m.
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Filed under: Earnings, Housing, Policy, Politics, Real estate Freddie Mac posts $4.1B loss for third quarter
Government-controlled mortgage buyer Freddie Mac on Wednesday posted a narrower loss of $4.1 billon in the third quarter as it asked for an additional $100 million in federal aid — substantially less than the $1.8 billion it sought in the second quarter.
Federal Signal profit falls on acquisitions, litigation
Federal Signal Corp. posted a lower quarterly profit Wednesday because of expenses related to newly acquired businesses and an increase in legal costs associated with ongoing litigation over its emergency sirens. The manufacturer reported third-quarter earnings of $2.5 million, or 4 cents a share, down from $4.4 million, or 9 cents a share, a year earlier. Get the full story »
