January 24, 2012 |
After a weak holiday season, shares of Malibu toy maker Jakks Pacific Inc. rose on rumors that it may once again get a takeover bid from Oaktree Capital Management — after rejecting an earlier offer from the Los Angeles investment company. An industry analyst suggested that, because of the poor holiday results, the new bid may be lower than the last one. Last October, Oaktree offered to take the toy company private in a $670-million hostile bid that offered shareholders $20 a share in cash.
November 15, 2011
Home Depot says spending on home projects and storm-related repairs helped boost its third-quarter net income 12 percent. Home-improvement retailers are facing cautious consumer spending and a weak housing market. Atlanta-based Home Depot Inc.'s smaller rival Lowe's Cos. reported Monday its third-quarter net income fell 44 percent on restructuring costs. But Home Depot fared better. Its results beat expectations and the company raised its 2011 earnings outlook. The No. 1 U.S. home-improvement retailer says net income rose 12 percent to $934 million, or 60 cents per share.
January 17, 2011 |
U.S. bank stocks are flying high, and this week's earnings could give investors more reason to be optimistic about the sector. Strong results from JPMorgan Chase & Co. on Friday bolstered expectations for top U.S. banks, many of which are scheduled to report in the coming week, including Citigroup Inc. and Goldman Sachs Group Inc. Financials have been among market leaders in the recent rally, with the Standard & Poor's 500 index posting its...
November 10, 2010 |
Macy's Inc. posted a profit for its fiscal third quarter ? a turnaround from last year's loss in the same period ? as better online marketing and promotions, locally tailored merchandising and a return of affluent shoppers boosted its operations. The nation's second-largest department store chain reported a profit of $10 million, or 2 cents a share, for the three months ended Oct. 30, compared with a loss of $35 million, or 8 cents, for last year's third quarter. Quarterly revenue rose 5.7% to $5.6 billion from $5.3 billion.
November 3, 2010
Time Warner, the media conglomerate behind Warner Bros., HBO, CNN and DC Comics. said Wednesday its third-quarter net income declined, but adjusted earnings surpassed Wall Street's expectations thanks to growing subscription and ad revenue in its networks business. Providing more evidence that the advertising freeze has begun to thaw, the company again raised its adjusted earnings outlook for 2010, saying it now expects percentage growth in the high 20 percent range. In August Time Warner said it expects growth of "at least" 20 percent, another raise from the prior quarter.
October 30, 2010 |
Edison International, parent of Southern California Edison, said earnings jumped 27% in the third quarter, beating analysts' expectations. The Rosemead company also raised its earnings guidance for 2010. Both Edison's utility and its unregulated generation subsidiary "delivered solid earnings growth this quarter," said Theodore F. Craver Jr., chairman and chief executive of Edison International. Craver credited Edison International's "focus on our three primary operating principles of superior execution, financial discipline and innovative solutions.