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Consolidated Edison (ED)
Consolidated Edison Monday said it posted third-quarter earnings of $336 million, or $1.22 a share, up from $269 million, or 98 cents a share in the year-ago period.
Wall Street analysts expect earnings of $3.11 a share.
Nov 2 · 1:14:00 PM · Source: Company News Release
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by Larry Etter
Ford (F)
Ford Monday posted third-quarter net income of $997 million and its first operating profit since early 2008.Ford's revenue fell $800 million for the quarter, to $30.9 billion, due mainly to its financial services arm, Ford Motor Credit, making fewer loans.
Profit is big surprise.
Nov 2 · 1:09:00 PM · Source: Company News
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by Larry Etter
Humana (HUM)
Humana said Monday that it had third-quarter net income of $301.5 million, or $1.78 per share, compared with $183 million, or $1.09 per share, a year earlier. Revenue rose 8 percent to $7.72 billion.
Analysts had expected $7.82 billion in revenue.
Nov 2 · 1:01:00 PM · Source: Company News Release
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by Larry Etter
CIT Group (CIT)
CIT Group filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. CIT listed $71 billion in assets and $64.9 billion in liabilities in a Chapter 11 petition yesterday in U.S. Bankruptcy Court in Manhattan. The Treasury Department said the government probably won’t recover much, if any, of the $2.3 billion in taxpayer money that went to CIT.
Nov 2 · 12:52:00 PM · Source: Company News
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by Larry Etter
Clorox (CLX)
Clorox Co. Monday reported fiscal first-quarter net income rose 23% to $157 million, or $1.11 a share, from $128 million, or 90 cents a share, in the same period a year ago. Sales were $1.37 billion compared to $1.38 billion.
The bleach maker said profit was aided by sales of disinfectant wipes to combat the worldwide H1N1 flu virus, shipments of Hidden Valley salad dressing, and lower costs
Nov 2 · 12:49:00 PM · Source: Company News Release
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by Larry Etter
Sysco (SYY)
Sysco reported net earnings for the first quarter were $326 million, an increase of $49 million, or 17.8%, and diluted EPS was $0.55, an increase of $0.09, or 19.6%, compared to the prior year period. Sales for the first quarter were $9.1 billion, a decrease of 8.1% compared to the same period last year.
"I am pleased with our solid operating performance this quarter," said Bill DeLaney, Sysco's chief executive officer. "In the midst of what continues to be an extremely challenging business environment, our operating companies managed expenses extraordinarily well. Our sales decline was largely caused by the impact of reduced consumer spending experienced by much of our customer base, as well as significant food cost deflation. Looking forward, we are encouraged by the stabilization of our volume trends in recent weeks and we remain committed to supporting our customers through this most difficult period in our industry's history."
Nov 2 · 11:39:00 AM · Source: Company Press Release
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by Rich Pike
Duke Energy (DUK)
Duke Energy said Friday third-quarter net income fell to $109 million, or 8 cents a share, from $215 million, or 17 cents a share in the year-ago period. Third-quarter adjusted earnings totaled 40 cents a share. Revenue fell to $3.4 billion from $3.5 billion.
Oct 30 · 9:24:00 AM · Source: Company News
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by Larry Etter
Sony Corporation (SNE)
Sony Friday reported a net loss for the fiscal second quarter ended Sept. 30 of 26.3 billion yen ($287.5 million), compared with a net profit of 20.8 billion yen in the same period a year earlier. During the quarter, Sony booked restructuring costs of 32.8 billion yen, compared with costs of roughly 900 million yen a year earlier, Sales and operating revenue for the quarter fell to 1.66 trillion yen from 2.07 trillion yen a year earlier.
Loss was less than expected by Wall Street.
Oct 30 · 9:21:00 AM · Source: Company News
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by Larry Etter
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