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March 20, 1998 | From Reuters
Here are Wall Street analysts' consensus expectations for first-quarter earnings in some key industries: * The energy sector has been hit hard this quarter, with earnings expected to fall 24%, on average, from a year earlier, according to Chuck Hill, director of research at First Call, which tracks profit forecasts on Wall Street. With oil prices hitting nine-year lows this week, earnings at big refiners and marketers such as Exxon Corp. and Mobil Corp.
February 21, 2003 | From Reuters
Major U.S. retailers reported higher fourth-quarter profits Thursday, although many relied on cost-cutting and credit card business to offset a disappointing holiday shopping season. J.C. Penney Co. beat earnings forecasts, while Target Corp. just managed to hit its mark, but Target's shares fell amid concerns about its credit card business. Upscale retailer Nordstrom Inc. reported an 18% jump in quarterly profit, just ahead of Wall Street expectations, as it kept costs in check.
April 15, 1999 | From Bloomberg News
TRW Inc. warned Wednesday that its profit would be below analysts' estimates for the first quarter because of delayed contracts in its space and defense business and shrinking margins in its automotive business. TRW expects to earn 83 cents a share, below the $1 average estimate of analysts surveyed by First Call Corp. Delays in restructuring its automotive unit have narrowed margins, the company said. The warning comes as TRW is about to complete its biggest acquisition ever.
December 2, 2006 | From the Associated Press
Add "The Color Purple" to Broadway's financial hit column. The stage version of Alice Walker's Pulitzer Prize-winning novel has recouped its $11-million investment -- less than a year after opening in New York, producer Scott Sanders said Friday. The musical, the story of a determined black woman's triumph over adversity, has grossed more than $60 million since opening Dec. 1, 2005, at the Broadway Theatre, one of New York's largest playhouses. It has been seen by almost 750,000 theater-goers.
March 3, 2011 | By Hugo Martín, Los Angeles Times
Higher fuel costs and turmoil in the Middle East and North Africa have prompted a global airline trade group to project lower profits for the industry this year. The International Air Transport Assn. estimated Wednesday that the industry would earn $8.6 billion in 2011 from total revenues of $594 billion, down from the $9.1 billion in profits the trade group had estimated in December. Although demand for airline seats has continued to increase in the last few months, it will not totally offset the higher fuel costs, according to the trade group.
March 1, 1987
Ultrasystems Inc. said it expects to post record revenues for its fiscal year ended Jan. 31, but it said profits will slip because of the third quarter write-off of its investment in the Dawn Enterprises ethanol refinery in North Dakota. Phillip J. Stevens, president of the Irvine-based engineering and alternate energy systems company, said he expects revenues to total about $154 million, up about 1% from $152.6 million the previous year. Profits should be "in excess" of $1.
December 14, 1997
Reality ignored brings ease of mind ["Microsoft Testing Limits on Temp Worker Use," Dec. 7]. The truth is that our vaunted market economy legitimizes and rewards cruel and selfish practices by entrepreneurs. Bill Gates' freedom to hire and fire temp workers indiscriminately to improve profits is wrong. When profits are put above human welfare, then ethics fly out the window. The fact that we have all been taught that an economic system based on greed is best does not make it best.
June 3, 2004 | From a Times staff writer
By midday Wednesday, "Shrek 2" had surpassed in 15 days the $267.7 million the original "Shrek" grossed in its entire domestic run. By this morning, the film was expected to have taken in at least $270 million.
July 12, 2013 | By Alejandro Lazo and Alana Semuels
Wells Fargo & Co. booked a record $5.5 billion in profit during the second quarter despite a dramatic rise in mortgage rates and signs of a slowdown in its refinancing business. The 19% year-over-year jump in earnings for the nation's largest home lender reflected the breakneck pace with which the U.S. housing industry has evolved. Although refinancing activity slowed as interest rates jumped, Wells Fargo still was able to grow its mortgage origination business by increasing the number of loans it made to home shoppers.
December 20, 2000
Meade Instruments Corp. posted lower-than-expected profits and sales for the fiscal third quarter. The Irvine manufacturer of telescopes, accessories and binoculars reported that third-quarter net income dropped to $2 million, or 13 cents a share, from $7.7 million, or 50 cents a share, a year ago. Analysts were expecting quarterly earnings of 41 cents a share, according to a survey by First Call/Thomson. Sales for the quarter ended Nov. 30 declined 33% to $42.4 million.
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