Company Earnings - Page 22

AP - El Paso Corp., the nation's largest natural gas pipeline company, on Tuesday posted a slightly wider loss in the fourth quarter than a year earlier as costs related to the sale of pipeline capacity offset gains in its core pipeline and exploration businesses.

AP - Movie-rental company Blockbuster Inc. said Tuesday its fourth-quarter earnings fell 28 percent, largely due to costs to launch and promote its growing online rental business. The company also said it is trying to resolve a dispute with chairman and chief executive John Antioco over his 2006 bonus.

AP - Sirius Satellite Radio Inc., which has agreed to acquire its rival XM Satellite Radio Holdings Inc., reported a narrower loss for the fourth quarter Tuesday as revenues more than doubled. More Info...  

Reuters - Target Corp. reported higher quarterly profit on Tuesday, beating estimates on strong holiday season sales and growth in its credit card business, though the stock fell more than 3 percent amid a broad market sell-off.

AP - CBS Corp., producer of "60 Minutes" and the hit crime series "CSI," swung to a profit in the fourth quarter from a year ago period that included a major charge to write down the value of its television and radio businesses, the company said Tuesday. More Info...  

Reuters - Consumer electronics retailer RadioShack Corp. reported higher quarterly profit on Tuesday after a restructuring improved inventory management and cut costs, sending its shares up as much as 17 percent.

Reuters - Ketchup maker H.J. Heinz Co. on Tuesday said quarterly profit soared nearly 90 percent, helped by new products, increased marketing and improvement in its international business.

AP - Harrah's Entertainment Inc., the world's largest casino company by revenue, said Tuesday it swung to a fourth-quarter profit from a year-ago loss that included hurricane-related costs and write-offs for planned property sales. More Info...  

Reuters - AutoZone Inc. , the largest U.S. auto parts retail chain, said on Tuesday that quarterly earnings rose 6.2 percent as sales increased and it benefited from store improvements. More Info...  

AP - Hospital operator Tenet Healthcare Corp. said Tuesday its fourth-quarter loss widened on impairment and restructuring charges. More Info...  

Reuters - Cablevision Systems Corp. on Tuesday posted a larger-than-expected fourth quarter loss due to discontinued operations, although subscriber numbers rose across its television, phone and high-speed Internet services. More Info...  

AP - Struggling auto parts maker Delphi Corp. said Tuesday its losses widened to $853 million for the fourth quarter and to $5.5 billion for all of 2006. More Info...  

Reuters - Federated Department Stores Inc. , the parent of Macy's and Bloomingdale's, reported better-than-expected fourth-quarter profit on Tuesday.

Reuters - Texas power company TXU Corp. , which has agreed to the largest leveraged buyout in history, posted a 33 percent rise in fourth-quarter earnings on Tuesday, helped by improved margins and lower operating costs.

AP - Federated Department Stores Inc., parent of Macy's and Bloomingdale's, on Tuesday said stronger sales at established stores and lower costs drove a 5 percent rise in fourth-quarter earnings. More Info...  

Reuters - Blockbuster Inc. , the No. 1 U.S. video rental chain, reported lower quarterly profit on Tuesday due to store closures and higher costs associated with growing its online business. More Info...  

AP - Electronics retailer RadioShack Corp. said Tuesday its fourth-quarter profit climbed 64 percent on lower costs despite a drop in revenue. More Info...  

BusinessWeek Online - The Goodyear Tire & Rubber Company said Feb. 16 that it lost $367 million from battling 15,000 striking employees for 86 days over how to cut costs. More Info...  

Earnings News

AP - Nordstrom Inc. said Monday its fourth-quarter profit rose 22 percent in the period that includes the crucial holiday season. The results just missed Wall Street expectations, sending the clothing retailer's shares lower in after-hours trading.

AP - XM Satellite Radio Holdings Inc., which last week announced plans to combine with rival Sirius, said Monday a 45 percent jump in revenue and a tighter leash on marketing costs helped narrow its fourth-quarter loss.