March 28, 2008 |
Sempra Energy, owner of the largest U.S. natural-gas utility, expects 2009 per-share profit to rise to $4.35 to $4.60 as the company opens natural-gas import terminals and extends pipeline operations. Its shares rose 3.9%. Sempra, based in San Diego, was expected to earn $4.58 a share, excluding one-time items, next year, according to a Bloomberg survey. Sempra expects to complete two gas-import terminals in Baja California and Louisiana this year. A $4.4-billion pipeline venture with ConocoPhillips and Kinder Morgan Energy Partners began interim shipments from Colorado to Kansas in January, with full service to Ohio expected by mid-2009.
August 21, 2008 |
Ross Stores Inc., owner of the Ross Dress for Less discount chain, said fiscal second-quarter profit and sales rose and forecast that full-year earnings would be higher than a previous projection. Net income jumped 40% to $71.3 million, or 54 cents a share, and revenue rose 14% to $1.64 billion, matching average estimates in a Bloomberg survey. Shares of Pleasanton, Calif.-based Ross fell 33 cents to $38.03 after the news. The firm forecast profit for the year ending Jan. 31 of $2.33 to $2.38 a share, up from a May projection of $2.29.
February 20, 2009 |
Watson Pharmaceuticals Inc., the second-largest U.S. maker of generic drugs, said earnings rose 47% in the fourth quarter, helped by higher drug sales and lower operating expenses. Net income climbed to $56.4 million, or 50 cents a share, from $38.4 million, or 34 cents, a year earlier, the Corona company said. Earnings excluding some items were 53 cents a share, topping the 50-cent average estimate of analysts in a Bloomberg survey. Revenue increased 2.9% to $645.2 million, slightly ahead of analyst estimates, as sales and profit margins rose in all three of Watson's businesses.
February 5, 2008 |
Computer Sciences Corp., which manages networks for NASA and the Navy, posted a 58% rise in fiscal third-quarter profit Monday after winning more contracts to manage U.S. business computer systems. Net income increased to $179 million, or $1.05 a share, from $113.5 million, or 65 cents, a year earlier, the El Segundo-based company said. Chief Executive Michael Laphen is boosting government and commercial sales and making acquisitions to expand into new markets. In January, Computer Sciences announced that it would move its headquarters to Falls Church, Va., to be closer to Washington.
August 29, 2008 |
Fleetwood Enterprises Inc. reported a fiscal first-quarter loss that was wider than analysts expected as sales of its recreational vehicles dropped by more than half amid near-record fuel prices. The loss of $29.1 million, or 42 cents a share, compares with a loss of $2.35 million, or 4 cents, a year earlier, the Riverside-based company said. "Business conditions are expected to remain challenging at least through our third fiscal quarter, resulting in losses and negative operating cash flows," Chief Executive Elden Smith said.
November 18, 2009 |
Shares of Target Corp., the second-largest U.S. discount chain, fell after the company said it was planning for a modest decrease in fourth-quarter comparable-store sales. "We haven't seen that rebound or that lift yet," Chief Executive Gregg Steinhafel said. The Minneapolis company said average transaction sizes were smaller at the start of November, although shopper visits increased. Net income at Target advanced 18% to $436 million, or 58 cents a share, in the third quarter ended Oct. 31, from $369 million, or 49 cents, a year earlier.