Company Earnings - Page 32

Reuters - Dean Foods Co. posted higher quarterly profit on Wednesday, helped by higher sales by its White Wave organic food and soy milk unit. More Info...  

AP - BHP Billiton surprised investors with a $10 billion share buyback Wednesday as it announced its net profit jumped 41 percent to a record $6.2 billion for the half-year through December. More Info...  

Earnings News

Reuters - Cisco Systems Inc. surprised investors on Tuesday with a stronger-than-expected outlook and quarterly profit as demand for network equipment to handle Web traffic showed no signs of weakening, driving its shares up 5 percent.

AP - Cisco Systems Inc.'s second-quarter profit surged nearly 40 percent as the world's largest maker of networking gear benefited from equipment upgrades to support bandwidth-hogging video downloads.

AP - Profit-sharing checks from bankrupt airlines are as common as wings on pigs. So workers at Northwest Airlines could be forgiven if they cash theirs quickly.

AP - McClatchy Co. swung to a $279.3 million loss in the fourth quarter as it sold its largest newspaper, the Minneapolis Star Tribune, and faced further weakening in the advertising market. More Info...  

AP - Declining oil prices and mounting safety spending sent BP PLC's fourth-quarter profit down 22 percent to a two-year low, the oil company said Tuesday.

AP - Wall Street eked out a modest advance Tuesday after investors found little motivation in remarks by Federal Reserve officials and also shrugged off a warning from chip maker National Semiconductor Inc.

AP - In a Jan. 31 story on The New York Times Co.'s earnings, The Associated Press erroneously identified the parent company of the former retailer Filene's. It is Federated Department Stores Inc., not Retail Ventures Inc. Retail Ventures owns Filene's Basement, a separate retail company. More Info...  

Reuters - Bankrupt Northwest Airlines Corp. on Tuesday posted a quarterly loss largely on expenses related to its restructuring.

Reuters - Wm. Wrigley Jr. Co. , the world's largest chewing gum maker, posted a higher quarterly profit on Tuesday, driven by stronger shipments of its products, and said its board approved a 13 percent dividend increase. More Info...  

Reuters - Conglomerate Tyco International Ltd. , which is in the process of splitting into three publicly traded companies, reported higher quarterly profit on Tuesday, citing increased demand for its electronics and fire and security technology.

AP - Avon Products Inc. showed signs that its turnaround efforts are starting to take hold as it reported on Tuesday that fourth-quarter profits and revenues beat Wall Street estimates. Avon shares rose more than 9 percent in morning trading. More Info...  

AP - Duke Energy Corp., one of the largest electric power companies in the United States, said Tuesday its fourth-quarter profit fell sharply, weighed down by special charges and losses at several of its operating units. More Info...  

AP - Barry Diller's media conglomerate IAC/InterActiveCorp, which includes HSN, Ticketmaster and CitySearch, said Tuesday hefty charges pushed down profit by 85 percent in the fourth quarter, but revenue climbed in each of its divisions. More Info...  

Reuters - Power company Duke Energy Corp. posted lower fourth-quarter earnings on Tuesday due to higher settlement reserves and the impact of merger and restructuring activities. More Info...  

AFP - Japanese electronics maker NEC Corp. has posted a 78 percent drop in net profit for the fiscal third quarter as it continues restructuring its loss-making mobile handset business.

Reuters - Diversified manufacturer Emerson Electric Co. reported higher quarterly profit on Tuesday, led by demand in its industrial automation and network power segments. More Info...  

AP - Japanese electronics maker NEC Corp. said Tuesday its net profit dropped nearly 78 percent in the October-December quarter, hurt by sluggish sales of mobile phones and personal computers. More Info...  

AP - Toyota, hot on the heels of General Motors to become the world's No. 1 automaker, reported a 7.3 percent jump in quarterly profit Tuesday on booming sales in North America and Europe that offset sluggish demand in Japan.