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Profit

BUSINESS
April 17, 2012 | By Shan Li, Los Angeles Times
Toy giant Mattel Inc.reported a 53% decline in profit in the first quarter, sending its stock down more than 9%, after higher production costs, slower sales of Barbie and Hot Wheels and a recent acquisition affected its bottom line. For the three months ended March 31, sales totaled $928.4 million, down 2% compared with $951.9 million in the same quarter last year, the company said Monday. Profit dropped to $7.8 million, or 2 cents a share, from $16.6 million, or 5 cents. The results fell below analyst expectations of a profit of 7 cents a share.
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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
AUTOS
February 14, 2013 | By Jerry Hirsch
General Motors Co. profits grew substantially in the fourth quarter, but for all of 2012, the company made less money than it did the year before. GM said its fourth-quarter profit grew 89% to $892 million from the same period a year earlier. For the entire year, profits sank 36% to $4.9 billion as earnings in North America leveled and losses in recession-plagued Europe mounted. Sales rose to $39.3 billion in the fourth quarter, up from $38 billion in the same period a year earlier.
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.
AUTOS
October 24, 2013 | By Jerry Hirsch
Ford Motor Co. posted strong third-quarter earnings, helped by growing sales and improvements in Europe and South America, troubled regions for the auto industry in recent years. Ford said Thursday that it earned $1.3 billion, down 22% from $1.6 billion in the same period a year ago. However, the latest results include special charges of $498 million, including $250 million to cover the restructuring of its European operations, where Ford is closing factories and laying off workers.
BUSINESS
August 2, 2012 | By Jerry Hirsch
General Motors Co. profits fell 41% as the automaker piled up losses in Europe and earned less money in the U.S. GM said it earned $1.5 billion in the second quarter, down from $2.5 billion in the same period a year earlier. Revenue dipped 4% to $37.6 billion. The company attributed the decline to strengthening of the U.S. dollar against other currencies. "Our results in North America, our international operations and at GM Financial were solid but we clearly have more work to do to offset the headwinds we face, especially in regions like Europe and South America," said Dan Akerson, GM's chief executive.
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.
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