Company Earnings - Page 35

Reuters - Anheuser-Busch Cos. Inc. posted a higher quarterly profit on Thursday, driven by stronger U.S. shipments of beer, higher prices and demand for its imports.

Reuters - Comcast Corp. said on Thursday its quarterly profit tripled, but higher-than-expected spending plans for 2007 dragged down shares of the largest U.S. cable company and its rivals.

AP - Archer Daniels Midland Co., the nation's largest food processor, said Thursday its second-quarter profit rose 20 percent, driven in large part by a jump in corn-processing profit. ADM shares jumped more than 10 percent in early trading. More Info...  

AP - Boston Scientific Corp. on Thursday said its fourth quarter profit fell 17 percent on declining sales of the medical device maker's top-selling product, the Taxus drug-coated stent. More Info...  

AP - Insurer St. Paul Travelers Cos. Inc. said Thursday its fourth-quarter profit jumped more than six-fold as it cleared another quarter without major catastrophe losses, readjusted its estimates for other losses, and benefited from investment gains. More Info...  

PC Magazine - Comcast Corp., the leading U.S. cable operator, said on Thursday its quarterly profit tripled, but its shares fell as higher-than-expected spending plans for 2007 raised concerns on Wall Street. More Info...  

Reuters - CVS Corp. , the No. 2 U.S. drugstore chain, posted a 2.7 percent rise in quarterly profit on Thursday, driven by strong sales of prescription medications and greater use of generic drugs, which are more profitable for pharmacies.

Reuters - Archer Daniels Midland Co. , the largest U.S. food processor and ethanol producer, on Thursday posted higher-than-expected quarterly profit, which sent its stock up 6.3 percent in early electronic trade. More Info...  

USATODAY.com - SAN FRANCISCO - Google said Wednesday that its quarterly profit rose, beating Wall Street estiamtes, as its ability to capitalize on Web advertising gained momentum against rivals such as Yahoo and Microsoft. More Info...  

Reuters - Matsushita Electric Industrial Co. Ltd. (6752.T) reported a 5 percent rise in quarterly profit, driven by robust sales of flat TVs, but it kept its full-year operating profit outlook that falls short of market expectations. More Info...  

AP - Anglo-Australian miner Rio Tinto PLC said Thursday its net profit for 2006 surged 42.6 percent to a record $7.44 billion on higher commodity prices and strong global demand for iron ore, copper and other resources. More Info...  

Earnings News

AP - Google Inc.'s fourth-quarter profit nearly tripled as the online search engine leader once again sprinted past analyst expectations, but the breathtaking growth still wasn't enough to propel its high-flying stock to new heights.

Reuters - Starbucks Corp. said on Wednesday first quarter earnings rose 18 percent, meeting analysts' estimates, as it opened more than 8 stores a day and attracted customers with lunch offerings and gift cards.

Reuters - Web search leader Google Inc. said on Wednesday quarterly profit nearly tripled, helped by a lower tax rate and expense controls, but revenue growth failed to impress investors.

AP - Starbucks Corp. said Wednesday its fiscal first-quarter profit climbed nearly 18 percent on a record number of store openings and ramped-up breakfast and lunch offerings.

AP - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.

AP - The New York Times Co. took a charge of $814.4 million Wednesday to write down the value of The Boston Globe and the Worcester Telegram & Gazette, which have been struggling amid advertiser consolidation, a weak regional economy and competition from the Internet.

AP - After wading through a river of red ink for two years, Eastman Kodak Co. finally hauled in a modest profit in the fourth quarter. For the first time, it also generated more earnings from digital photography and commercial printing than from its storied film business.

Reuters - Time Warner Inc. reported on Wednesday that quarterly profit rose 34 percent, boosted by AOL Internet asset sales in Europe and more digital cable and phone customers, but shares slipped as analysts said its 2007 outlook was overly conservative.

AP - Japanese electronics makers posted mixed earnings Wednesday, with Toshiba and Sharp weathering cutthroat competition to post higher profits, but Fujitsu slumping amid global pressure on prices.