Company Earnings - Page 20

Reuters - American International Group Inc. shares rose in midday trading on Friday after the world's largest insurer reported late Thursday that earnings in the latest fourth quarter were nearly eight times higher than the year earlier net.

Reuters - Container shipping company Horizon Lines Inc. reported a quarterly profit on Friday as revenue gains from rate increases and other factors more than offset some volume softness. More Info...  

BusinessWeek Online - EchoStar Communications (NasdaqGS:DISH - News), the operator of DISH Network, has managed to keep adding subscribers in spite of bruising competition. The Englewood, (Colo) satellite-TV service said Mar. 1 that its profits rose more than expected during recent months. More Info...  

USATODAY.com - SAN FRANCISCO - Dell's profits plunged 33% in what the struggling PC maker called a preliminary earnings report while its finances are investigated by federal authorities. More Info...  

AP - Gap Inc.'s fourth-quarter profit fell 35 percent in a gloomy performance that triggered a recent management purge and doomed the slumping retailer's newest chain.

AP - Investors will be able to react immediately Friday to the latest wrinkle in legendary investor Warren Buffett's succession plan, instead of having to wait through the rest of a weekend as in years past.

Earnings News

AP - Gap Inc.'s fourth-quarter profit fell 35 percent in a gloomy performance that triggered a recent management purge and doomed the slumping retailer's newest chain.

Investor's Business Daily - Computer maker Dell could be singing "Auld Lang Syne" and hoping for a fresh start now that it's finished its fiscal year on an off note. More Info...  

AP - American International Group Inc. on Thursday said fourth-quarter profit rose sharply a year after the world's largest insurer spent $1.64 billion to settle charges of improper accounting practices.

AP - Chief Executive Warren Buffett said he plans to hire a young investment manager to help succeed him at Berkshire Hathaway Inc. as the insurance giant recorded a 29.2 percent jump in net income in 2006, helped by a lack of hurricanes.

AP - Dell Inc., which is the subject of a federal probe into its finances, said Thursday that fourth-quarter profits plunged 33 percent due to weak sales of laptops and notebooks, which account for the lion's share of its revenues.

Reuters - Dell Inc., the world's second-largest personal computer maker, reported on Thursday a sharply lower quarterly profit while revenue fell short of Wall Street expectations, sending its shares down 1.7 percent.

Reuters - Viacom Inc. (VIAb.N), owner of the Paramount film studio and MTV cable television networks, said on Thursday quarterly profit nearly quadrupled, helped by its purchase of the DreamWorks movie studio and hefty year-ago charges.

AP - Kohl's Corp. reported a 29.3 percent profit increase in the fourth quarter, as the midlevel retailer benefited from strong sales of its exclusive brands.

AP - InBev SA, the world's largest brewer and the maker of Stella Artois, Beck's and Brahma, said Thursday its fourth-quarter profit more than doubled as it increased sales across all regions except its home base in Western Europe. More Info...  

AP - Retailer Sears Holdings Corp. said Thursday its fourth-quarter earnings rose 27 percent, ahead of Wall Street forecasts as margins improved despite weaker sales at established stores. More Info...  

Reuters - Del Monte Foods Co. reported a 5.4 percent decline in third-quarter profit on Thursday, hurt by rising ingredient costs and weak consumer demand for its branded food products.

Reuters - Staples Inc. , the world's largest office supplies retailer, reported on Thursday a 21.5-percent rise in quarterly profit, driven by increased demand for its private label items and higher North American retail sales. More Info...  

Reuters - Cooper Tire and Rubber Co. posted much better-than-expected quarterly profit on Thursday on strength in its key North American market, sending its shares up as much as 11 percent. More Info...  

AP - MTV owner Viacom Inc.'s profits more than tripled in the fourth quarter following the addition of the DreamWorks studio last year, which swung its movie business to a profit. More Info...