July 17, 2008 |
Gannett Co., the nation's largest newspaper publisher, reported a 36% drop in second-quarter earnings as the newspaper industry's woes caused a sharp decline in revenue. The McLean, Va., company reported profit of $233 million, or $1.02 a share, compared with $366 million, or $1.56, in the year-earlier quarter. Gannett shares dropped 78 cents, or 4.5%, to $16.57. The publisher of the nation's largest newspaper, USA Today, and 84 other dailies sold several papers in the year-ago quarter that added 32 cents a share to earnings.
February 7, 2008 |
Reflecting the worsening economy, fourth-quarter earnings for Imperial Capital Bancorp Inc. of San Diego plunged 84% to $1.1 million, or 21 cents a share. The bank holding company, which specializes in commercial real estate lending, reported a profit of $7 million, or $1.22 a share, for the last three months of 2006. Total revenue rose to $62.9 million from $61.1 million for the year-earlier quarter. "Our results for the quarter reflect the deteriorating economic conditions currently being experienced in the real estate and credit markets," said George W. Haligowski, Imperial's chief executive.
July 24, 2001 |
Texas Instruments Inc., the world's No. 1 maker of computer chips for mobile phones, said second-quarter earnings excluding one-time items fell 90% as customer demand remained low after plunging earlier this year. TI also warned it expected a pro forma loss in the third quarter of "a few cents" a share and that third-quarter revenue would decline 10% to 15% from the second quarter.
May 9, 1989
Dataproducts, a Woodland Hills computer printer maker, earned $202,000 in the fourth quarter that ended March 25 as sales fell 11% to $85.3 million. In the year-earlier quarter, Dataproducts lost $14.9 million. Those results included a one-time charge to its earnings of $15.8 million that stemmed largely from the relocation of a plant from New Hampshire to Woodland Hills. For the year, Dataproducts earned $3.8 million, compared to a loss of $20.2 million in the previous fiscal year, as sales rose 2% to $353.
September 19, 2008 |
FedEx Corp. said its fiscal first-quarter earnings fell 22% but still met Wall Street's expectations, as cost cuts partially offset the effect of slowing global growth. The package delivery company also predicted that it would beat analysts' expectations for its fiscal second quarter and said it would raise shipping rates at its Express unit early next year. Memphis, Tenn.-based FedEx earned $384 million, or $1.23 a share, in the three months that ended Aug. 31, compared with $494 million, or $1.58, a year earlier.
February 26, 2010 |
Kohl's Corp., the mid-priced department store chain that has been aggressively grabbing market share, and apparel retailer Gap Inc., which is in the midst of a turnaround, both reported strong sales as well as double-digit profit gains for the fourth quarter. For the three months that ended Jan. 30, Kohl's profit increased 28% to $431 million, or $1.40 a share, compared with $336 million, or $1.10, in the year-earlier quarter, the company said Thursday. Total sales increased 8.5% to $5.7 billion, and sales at stores open at least a year -- known as same-store sales and considered an important measure of a retailer's health -- increased 4.5%.
February 20, 1986 |
NWA Inc. and Pan Am Corp. said they made profits in 1985, but the parent of Pan American World Airways would have lost about $100 million without the sale of its Pacific division to UAL Corp., the parent of United Airlines. NWA, the parent company of Northwest Airlines, sustained a fourth-quarter loss. Northwest and Pan Am both blamed industrywide fare wars and a relatively strong dollar for poor earnings in the final months of 1985. Pan Am said it made $241.
April 24, 1990 |
Oil giant Exxon Corp. reported Monday that its net income declined 29.3% in the first quarter due to an accounting change, while fifth-ranked Amoco Corp. said its profit edged up 1.7%. Ashland Oil Inc., meanwhile, posted net income of $1 million for the second quarter of its fiscal year, contrasted with a $14-million loss a year earlier. Amerada Hess Corp. said its first-quarter profit plummeted 82%. For the three months ended March 31, Exxon's profit fell to $1.28 billion from $1.
November 22, 1988 |
Most San Fernando Valley-area companies posted higher earnings in their most recent quarters compared to year-earlier levels, although several key companies showed disappointing results or losses. Out of 56 major, publicly-held companies in the area, 36 businesses, or more than 60%, posted either higher earnings or a profit after a year-earlier loss in the most recent fiscal quarter.
January 25, 2002 |
Two cell phone titans reported mixed quarterly results Thursday and offered differing forecasts for the year. San Diego-based Qualcomm Inc., which licenses patents for mobile phones, cut its 2002 revenue and profit forecast on lower-than-expected phone demand. Nokia, the world's largest cell phone maker, reported smaller profit but left its forecasts for the year intact. Qualcomm said it earned $139.2 million, or 17 cents a share, in its fiscal first quarter, compared with a loss of $419.