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Profit

BUSINESS
August 4, 2011 | Bloomberg News
LinkedIn Corp., the largest professional-networking website, unexpectedly reported a second-quarter profit as it lured new members following a May initial public offering. Profit excluding certain costs was $10.8 million, or 10 cents a share, the Mountain View, Calif.-based company said Thursday. Sales soared to $121 million. Analysts on average had predicted a loss of 1 cent a share on $106.4 million in revenue, according to data compiled by Bloomberg. LinkedIn, the first U.S. social network to sell shares to the public, has been hiring sales staff and working to add features in an effort to attract more professionals to its site internationally.
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BUSINESS
January 7, 2010 | By Jerry Hirsch
General Motors Co. could make a profit this year following years of massive losses, according to a tempered prediction by Edward J. Whitacre Jr., the automaker's chairman and interim chief executive. Speaking to reporters Wednesday, Whitacre said he was "pretty pleased" with how the restructured GM was operating after its emergence from bankruptcy in July. But he noted there was much more work to do -- primarily in persuading consumers that GM makes "quality" vehicles that are "cool to drive."
BUSINESS
August 9, 2011 | By Alex Pham, Los Angeles Times
Bolstered by reviving concert attendance, Live Nation Entertainment Inc. posted a 23% jump in revenue and reversed a year-earlier loss. The world's largest concert promoter, which merged a year ago with Ticketmaster, benefited from rising attendance at its events such as a tour by the band U2, as well as higher spending by concertgoers on concessions, parking and other high-margin products. The report appears to bode well for the overall concert business, which slumped last year as consumers, spooked by the wobbly economy, pared down discretionary spending.
BUSINESS
April 29, 2010 | By Duke Helfand, Los Angeles Times
An uproar over hefty rate hikes for Anthem Blue Cross customers in California is taking a bite out of the insurer's revenue, but its parent company nonetheless reported soaring profit Wednesday. WellPoint Inc. said that earnings jumped 51% during the first three months of the year compared with the same time last year, even as it lost money in California after state regulators forced it to delay premium increases of as much as 39% for thousands of customers who buy their own insurance.
ENTERTAINMENT
September 17, 1994
Dear Oliver Stone: If you profit from your new film, "Natural Born Killers," are you not that which you criticize? JULIE VETTER Santa Monica
BUSINESS
May 1, 2012 | By Tiffany Hsu
DineEquity Inc., the Glendale-based owner of IHOP Restaurants and Applebee's Neighborhood Grill & Bar, is making a heavy push toward franchising. More than 95% of the company's thousands of restaurants are now owned by entrepreneurs, DineEquity said Tuesday when it announced its first quarter earnings . The franchise model helps keep the company's balance sheet from wild swings, leading to a 5.5% boost in profit to $31.3 million, or $1.64 a share, from $29.7 million, or $1.53 a share during the same quarter a year earlier.
REAL ESTATE
July 29, 1990
Profit (in this instance) as any schoolchild could tell Campbell, is the sales price less the selling expenses and the cost price (including any costs of improvement). Period. Shame on the L.A. Times for publishing this simple writer's theory as if touted by an expert. CLIVE KENNEDY Beverly Hills Don Campbell replies: When in his question my letter writer used the word "profit" when he clearly meant "equity," my first instinct was to change the copy accordingly.
OPINION
December 21, 2003
I must report the effect of recent prescription drug legislation as it applies to me. I have been paying about $30 a month for prescribed one-a-day pills; about $1 a day. Guess what the new price is this month: $145. Almost $5 per day. The profit is not in cures but in repeat sales. A research company that markets a cure is soon out of business. The profit motive works in the commodity marketplace but applied to medicinal matters, it threatens not only the physical well-being of the population but the science of medicine itself.
NEWS
May 4, 2012 | Bloomberg News
LinkedIn Corp., the biggest professional-networking website, rose to the highest price since its market debut after reporting first-quarter sales and profit that beat analysts' estimates amid a jump in membership. LinkedIn advanced 8.9% to $118.88 at 6:50 a.m., the highest level since it listed on the New York Stock Exchange in May 2011. The shares have more than doubled since then. LinkedIn said membership increased to 161 million from 150 million in the fourth quarter. Chief Executive Jeff Weiner is pushing mobile technology to woo more professionals to its subscription services and attract advertisers who want to reach the growing user base.
AUTOS
January 29, 2013 | By Jerry Hirsch
Strong business in North America helped Ford Motor Co. post a big increase in fourth-quarter profit Tuesday, excluding a tax adjustment last year, but the automaker is still being hurt by Europe's economic malaise. The nation's second-largest automaker earned $1.6 billion in the latest quarter, up 55% from a year earlier.  For the year, earnings slipped 5% to $5.7 billion. The results don't include the effect of 2011 changes in valuation allowance against deferred tax assets, which greatly increased net income last year.
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