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A.C. Moore Arts & Crafts Inc. (ACMR)
A.C. Moore, a home goods retailer, Friday reported a third quarter net loss of $12.9 million, or 53 cents per share, compared with a loss of $7.5 million, or 37 cents a share, a year earlier. Revenue fell 9 percent to $106.1 million; gross margins slumped 19 percent.
Nov 6 · 5:51:00 PM · Source: Company News
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by Larry Etter
Scripps Networks Interactive (SNI)
Scripps Networks, which was spun off from E.W. Scripps Co. in 2008, said Friday it posted a third quarter profit of $65.3 million, or 39 cents a share, up from $57.3 million, or 35 cents a share, a year earlier. The prior year included a 3-cent tax charge. Revenue was up a slight 0.1% to $364.5 million.
Nov 6 · 5:47:00 PM · Source: Company News
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by Larry Etter
Edison International (EIX)
Edison International Friday reported earnings of $403 million, or $1.23 a share, down from $439 million, or $1.33, a year earlier. Excluding regulatory impacts, earnings fell to $1.09 from $1.46. Revenue dropped 15% to $3.66 billion.
Nov 6 · 5:43:00 PM · Source: Company News Release
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by Larry Etter
GAMCO Investors (GBL)
GAMCO Investors, Inc. Friday announced third quarter 2009 earnings of $0.53 per fully diluted share versus $0.43 per fully diluted share in the third quarter 2008. Net income was $14.7 million in the third quarter 2009 compared to $12.0 million in the third quarter. Revenues were down 18.1 percent to $51.582 million from $62.980 million.
Nov 6 · 5:39:00 PM · Source: Company News
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by Larry Etter
Unemployment
The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983. Payrolls fell by 190,000 last month, more than forecast by economists, a Labor Department report showed today in Washington. The jobless rate rose from 9.8 percent in September. Factory payrolls dropped by the most in four months, and the average workweek held at a record low.
The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, casting a pall over the prospects for a sustained recovery and risking further erosion of President Barack Obama’s popularity.
Payrolls fell by 190,000 last month, more than forecast by economists, a Labor Department report showed today in Washington. The jobless rate rose from 9.8 percent in September. Factory payrolls dropped by the most in four months, and the average workweek held at a record low.
Nov 6 · 5:33:00 PM · Source: Bloomberg
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by Larry Etter
AIG (AIG)
AIG said Friday its net income rose to $455 million, or 68 cents per share, an improvement over the $24.5 billion loss from a year earlier. Results included a one-time net charge of $1.5 billion for capital losses and hedging. Sales for the New York-based company rose 189% to $26 billion, topping analysts' forecasts of $23 billion.
The troubled insurer said it continues to benefit from stabilization in the housing and credit markets, but future quarters will continue to be volatile.
Nov 6 · 5:28:00 PM · Source: Company News
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by Larry Etter
Amgen (AMGN)
Amgen announced that the Phase 3 PRIME 203 trial evaluating Vectibix (panitumumab) administered in combination with FOLFOX (an oxaliplatin-based chemotherapy) as a first-line treatment of metastatic colorectal cancer (mCRC) failed to meet a secondary endpoint of overall survival.
Earlier this year, it was announced that the trial met its primary endpoint by significantly prolonging progression-free survival (PFS) in the first-line treatment of patients with KRAS wild-type mCRC.
Nov 5 · 3:29:00 PM · Source: Reuters
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by Michael Oliveto
Allstate (ALL)
Allstate reported Q3 earnings of $0.41 per share on net income of $221 million versus a loss of $1.70 per share on a net loss of $923 million in the year ago period.
“Allstate delivered strong operating income of $538 million and increased book value per share by 16% during the third quarter, thanks to our operating discipline and proactive approach to investing,” said Thomas J. Wilson, chairman, president and CEO of The Allstate Corporation. “For the third quarter in a row, customer loyalty increased and we delivered a double-digit percentage increase in new standard auto business. By focusing on the customer and maintaining our financial strength, we are building a foundation for sustainable growth.”
Nov 5 · 3:26:00 PM · Source: Company News Release
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by Michael Oliveto
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