| Corporate Earnings Headlines |
| Avon Products 2nd-quarter profit more than doubles
(AP)
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| AP - Strong sales internationally, especially in Latin America and Eastern Europe, helped Avon Products Inc. more than double its second-quarter profit, the cosmetics company said Wednesday. Its shares surged more than 15 percent.
-- read full article |
| Wed, 30 Jul 2008 16:22:10 GMT - Yahoo! News: Earnings News |
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| IAC swings to 2Q loss on charges
(AP)
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| AP - IAC/InterActiveCorp said Wednesday that it swung to a second-quarter loss, hurt by a $300 million writedown in a catalog business, but excluding that and other charges its earnings beat analysts' estimates. -- read full article |
| Wed, 30 Jul 2008 16:25:23 GMT - Yahoo! News: Earnings News |
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| Office supply retailers struggle in North America
(AP)
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| AP - Office supply retailers felt no relief from the pinch of weaker spending by consumers and small businesses, with both Office Depot and OfficeMax citing the struggling economy as they reported losses for the second quarter.
-- read full article |
| Wed, 30 Jul 2008 18:08:55 GMT - Yahoo! News: Earnings News |
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| BP profit up, Valero down in 2Q
(AP)
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| AP - The roiling global oil market continues to pick its winners and losers, as oil giant BP PLC reported a 28 percent rise in second-quarter profit while North America's largest refiner, Valero, said its earnings for the same period fell 67 percent.
-- read full article |
| Tue, 29 Jul 2008 19:31:52 GMT - Yahoo! News: Earnings News |
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| MetLife posts 19 percent drop in Q2 net
(Reuters)
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| Reuters - MetLife Inc , the largest life
insurer in the United States, said on Tuesday its
second-quarter profit fell as investments took a hit, missing
Wall Street expectations and sending shares down nearly 10
percent.
-- read full article |
| Tue, 29 Jul 2008 21:04:26 GMT - Yahoo! News: Earnings News |
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| Viacom Q2 profit beats Wall Street estimates
(Reuters)
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| Reuters - Viacom Inc (VIAb.N), the owner of MTV
Networks, posted a better-than-expected quarterly profit on
Tuesday, boosted by box office hits "Iron Man" and the latest
"Indiana Jones," but U.S. cable network ad sales growth fell
below the company's projections.
-- read full article |
| Tue, 29 Jul 2008 20:19:09 GMT - Yahoo! News: Earnings News |
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| Hanesbrands 2Q profit misses expectations
(AP)
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| AP - Hanesbrands Inc. said Tuesday that its second-quarter profit more than doubled, but the results missed expectations amid softer demand for its intimate apparel and later orders for back-to-school products. -- read full article |
| Tue, 29 Jul 2008 22:18:53 GMT - Yahoo! News: Earnings News |
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| Pilgrim's Pride swings to 3Q loss
(AP)
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| AP - Pilgrim's Pride Corp., the nation's largest chicken producer, said Tuesday that it lost $52.8 million in its third quarter because of record-high grain costs that have made animal feed far more expensive and prices charged to consumers aren't rising fast enough because of an oversupply. -- read full article |
| Tue, 29 Jul 2008 22:40:52 GMT - Yahoo! News: Earnings News |
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| MetLife posts earnings drop; misses view
(Reuters)
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| Reuters - MetLife Inc , the largest U.S.
life insurer, said on Tuesday its second-quarter profit fell on
investment losses and a decline in insurance earnings, sending
its shares sliding nearly 10 percent.
-- read full article |
| Tue, 29 Jul 2008 22:48:17 GMT - Yahoo! News: Earnings News |
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| Electronic Arts posts smaller loss, misses targets
(AP)
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| AP - Video game publisher Electronic Arts Inc. posted a smaller net loss for its fiscal first quarter Tuesday and more than doubled its revenue thanks to soaring sales of games such as "Rock Band" even as it spent more on marketing and development. -- read full article |
| Tue, 29 Jul 2008 23:21:03 GMT - Yahoo! News: Earnings News |
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| Sony shares hit after profit fall, Matsushita jumps
(Reuters)
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| Reuters - Sony Corp's (6758.T) shares slid more
than 3 percent to a 3-1/2-month low on Wednesday after
quarterly profit fell more than expected, while rival
Matsushita Electric Industrial's (6752.T) stock jumped 6
percent on robust earnings growth.
-- read full article |
| Wed, 30 Jul 2008 05:13:49 GMT - Yahoo! News: Earnings News |
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