|
|
|
Earnings roundup: Kraft Foods, Dolby Laboratories
|
 |
|
|
|
| Copyright: | The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. | | Source: | Associated Press | | Wordcount: | |
Among the earnings stories for Tuesday, Nov. 3, from AP Financial News:
NORTHFIELD, Ill. (AP) _ Kraft Foods said that slower sales, lower retail food prices and the comparison with a gain a year ago helped cut its third-quarter profit 40 percent, but the company raised its forecast for the year.
SAN FRANCISCO (AP) _ Dolby Laboratories Inc. said its fiscal fourth-quarter profit fell nearly 9 percent, but still posted better-than-expected results.
SAN MATEO, Calif. (AP) _ Trucking company Con-way Inc. said its third-quarter profit dropped by nearly two-thirds from a year ago as the recession further hurt demand. The company warned investors that near-term prospects earnings growth were slim.
SANDUSKY, Ohio (AP) _ Amusement park operator Cedar Fair Entertainment Co. said that profit rose in the third quarter from a year-ago period hurt by charges, but weaker-than-expected revenue sent the company's shares tumbling 27 percent.
NEW YORK (AP) _ The Hartford Financial Services Group posted a much narrower loss for the third quarter, as its investment losses shrank by more than half.
HOUSTON (AP) _ Allis-Chalmers Energy Inc. said that it lost $10.3 million in the third quarter as the oilfield services provider dealt with a drop in rig count, falling equipment usage, and pricing.
NEW YORK (AP) _ Polo Ralph Lauren Corp. said its fiscal second-quarter profit rose and topped Wall Street expectations, helped by increased market share and lower operating expenses.
This is a news service of Thomson Business Intelligence Service ©2006. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed.
|
|
|
|
|
|
|
