Hermes profit falls 7 percent in 1st half but still plans more store openingsAugust 28th, 2009 Hermes profit down 7 percent in 1st halfPARIS — Luxury goods maker Hermes International on Friday reported a 7 percent drop in net profit in the first half of the year but said it still plans to open or renovate several stores in the second half. In a statement, the maker of high-end scarves and Birkin handbags blamed the drop on currency fluctuations and a lower rate of return on financial investments.
Sportswear company Puma's 2nd-quarter profit down 16 percent to euro39 millionAugust 7th, 2009 Puma 2Q net profit falls 16 percentFRANKFURT — Sportswear maker Puma AG said Friday that its second-quarter net profit dropped 16 percent as higher operating costs and lower interest rates on investments weighed down its earnings. Herzogenaurach, Germany-based Puma said net earnings in the April-June period fell to euro39 million ($56 million) from euro46 million a year earlier.
Colgate-Palmolive 2Q profit rises 14 percent as toothpaste maker controls expensesJuly 30th, 2009 Colgate-Palmolive 2Q profit rises on lower costsNEW YORK — Consumer products maker Colgate-Palmolive said Thursday its second-quarter profit rose 14 percent even as sales fell, and it beat analysts' profit predictions as it held costs in check. The New York-based maker of toothpaste, dish soap and Hill's Science Diet pet food earned $561.6 million, or $1.07 per share, in the quarter that ended in June.
Earnings roundup: US Steel posts loss as steel demand falls; Supervalu profit falls, cuts viewJuly 28th, 2009 Earnings roundup: US Steel, SupervaluAmong the earnings stories for Tuesday, July 28, from AP Financial News:
PITTSBURGH (AP) — United States Steel Corp., the largest U.S.-based steel maker, said Tuesday it lost $392 million during its second quarter as the global recession hurt orders for the metal. MINNEAPOLIS (AP) — Grocery chain Supervalu Inc.
German drug, chemical maker Merck second quarter net profit falls 48 percent to euro109 millionJuly 24th, 2009 Merck Q2 net profit falls 48 percent to euro109 MFRANKFURT — German drug and chemical maker Merck KGaA said Friday its second quarter net profit fell 48 percent as higher research costs and one-time effects from the acquisition of Serono weighed on the bottom line. The Darmstadt-based company reported a net profit of euro108 million ($153 million) in the April-June period compared with euro207 million a year earlier.
Whirlpool 2nd-quarter profit falls on softer consumer demand for home appliancesJuly 22nd, 2009 Whirlpool 2Q profit falls on lower consumer demandBENTON HARBOR, Mich. — Whirlpool, the world's largest maker of major home appliances, says its second-quarter profit fell 33 percent as consumer demand for its products significantly weakened.
Whirlpool 2nd-quarter profit falls on softer consumer demand for home appliancesJuly 22nd, 2009 Whirlpool 2Q profit falls on lower consumer demandBENTON HARBOR, Mich. — Second-quarter profit fell 33 percent for Whirlpool Corp., the world's largest maker of major home appliances, as consumer demand for its products significantly weakened.
Philips Electronics 2Q profit falls 94 percent, sees improvement in second halfJuly 13th, 2009 Philips reports 94 percent fall in 2Q profit
AMSTERDAM — Royal Philips Electronics NV, the world's biggest lighting maker, reported Monday a 94 percent fall in net profit for the second quarter, due to weak sales amid the global economic downturn and asset divestments in the same period a year ago. Net profit was euro44 million ($61.4 million), down from euro732 million.
Seed maker Monsanto 3Q profit falls 14 pct, plans to cut 900 jobsJune 24th, 2009 Monsanto 3Q profit falls 14 pct, will cut 900 jobsST. LOUIS — Monsanto Co., the world's biggest seed maker, said Wednesday its third-quarter profit fell 14 percent and it plans to cut 900 jobs, or about 4 percent of its work force.
Sara Lee's 3rd-quarter profit falls on consumer pullback; adjusted results top Wall StreetMay 9th, 2009 Sara Lee's 3Q profit falls 22 percentDOWNERS GROVE, Ill. — Food maker Sara Lee says its fiscal third-quarter profit fell 22 percent as sales dropped on a consumer spending pullback and the stronger dollar.
Consumer products maker Unilever reports 45 percent fall in 1st-quarter net profit, sales dipMay 8th, 2009 Unilever first-quarter net profit falls 45 percentAMSTERDAM — Unilever NV, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, has reported a 45 percent fall in net profit for the first quarter, as sales dipped and restructuring costs increased. The company says net profit was euro731 million, down from euro1.34 billion.
Chevron says first-quarter profit falls 64 percent on lower crude, gas pricesMay 1st, 2009 Chevron 1Q profit falls 64 pct as oil prices fallHOUSTON — Chevron Corp. says its first-quarter profit fell 64 percent as it, along with competitors, was stung by lower oil and natural gas prices.
Dutch chemicals maker DSM reports profit down 92 percent in 1Q as demand tanksApril 28th, 2009 Chemicals maker DSM profit falls 92 percent in 1QAMSTERDAM — Chemicals maker DSM NV reported a 92 percent decline in net profit for the first quarter on Tuesday, as demand for its industrial products evaporated amid the global economic downturn, although its nutrition business proved more recession-resistant. Net profit was euro13 million, down from euro162 million in the first quarter of 2008, which were boom times for commodities.
Swedish truck maker Scania's 1Q profit down 93 percent because of falling demandApril 27th, 2009 Sweden's Scania 1Q profit falls 93 percentSTOCKHOLM — Swedish truck and bus maker Scania AB on Monday reported a 93 percent drop in first-quarter net profit, as the global financial crisis continued to weigh on demand and capacity utilization. Net profit for the first quarter was 179 million kronor ($22.1 million), down from 2.5 billion kronor in the same period last year, Scania said.
Altria Group 1st-quarter profit falls 76 percent on charges, higher interest expensesApril 22nd, 2009 Altria Group 1Q profit drops 76 percentRICHMOND, Va. — Altria Group, the owner of the nation's biggest cigarette maker, says its first-quarter profit fell 76 percent because of acquisition charges and higher interest expenses.
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