Chipmaker OmniVision posts 1st-qtr loss of $9.9 million as revenue falls 39 percentAugust 28th, 2009 Chipmaker OmniVision posts 1Q loss, revenue dropsSANTA CLARA, Calif. — OmniVision Technologies Inc., which makes image-sensing chips, said Thursday it lost $9.9 million in its first quarter, reversing a profit a year earlier as its revenue plunged 39 percent, but it offered an upbeat outlook for the current quarter.
Boyd Gaming 2nd-quarter profit drops as revenue falls while gamblers tighten spendingAugust 5th, 2009 Boyd Gaming 2Q profit falls as revenue declinesLAS VEGAS — Casino operator Boyd Gaming Corp. said Wednesday that its second-quarter profit dropped 41 percent as the recession prompted gamblers to curtail their spending.
Taiwan's chipmaker UMC posts first quarterly profit in a year as demand improvesJuly 29th, 2009 Taiwan chipmaker UMC returns to profit in Q2TAIPEI, Taiwan — Taiwan's United Microelectronics Corp., the world's second-largest contract chipmaker by revenue, on Wednesday posted its first quarterly profit in a year on stronger customer demand. The company's net income was NT$1.55 billion ($47 million) for the April-June quarter, down 35.5 percent from a year earlier.
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.
Actuate 2Q profit falls as revenue declines nearly 15 percentJuly 27th, 2009 Actuate 2Q profit clipped as revenue falls 15 pctSAN MATEO, Calif. — Actuate Corp.
Riverbed Technology's 2nd-quarter loss narrows on boost in revenueJuly 24th, 2009 Riverbed Technology 2Q loss narrows on revenueSAN FRANCISCO — Data services provider Riverbed Technology Inc. said its second-quarter loss narrowed on a boost in revenue from services.
Union Pacific 2nd-qtr profit falls 12 percent, as tight cost cuts offset major demand declinesJuly 23rd, 2009 Union Pacific 2Q profit falls 12 percentOMAHA, Neb. — Railroad Union Pacific says its second-quarter earnings fell 12 percent, as stringent cost cutting partially offset major shipping declines across its business.
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.
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.
Internet ad revenue falls 5 pct in first quarter, first year-over-year decline since 2002June 5th, 2009 Internet ad revenue falls 5 pct in first quarterPHILADELPHIA — Internet advertising revenue is down 5 percent. The decline in the first quarter of 2009 represents the first year-over-year decline in seven years as the recession takes its toll even on the hardiest of ad sectors.
InVentiv Health says profit decreased 2 percent as communications revenue fell 20 percentMay 8th, 2009 InVentiv 1Q profit slips on communications revenueSOMERSET, N.J. — InVentiv Health Inc., which provides services for the pharmaceutical and life sciences industries, said Friday its profit slipped 2 percent in the first quarter due to falling demand for its communications business.
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.
Waste Management 1st-qtr profit falls 36 pct, with trash, prices for recycled goods downApril 29th, 2009 Waste Managment 1Q fallS 36 pct, hurt by recyclingHOUSTON — Waste Management Inc., the nation's largest garbage collector, says its first-quarter profit fell 36 as the recession hurt prices of recycled goods and lowered the amount of trash picked up. The Houston-based company says net income totaled $155, or 31 cents per share, down from $241 million, or 48 cents, in the first quarter of 2008.
Schlumberger first-quarter profit falls 30 percent as oilfield activity declinesApril 24th, 2009 Schlumberger profit tumbles 30% as drilling dropsHOUSTON — Schlumberger Ltd. says its first-quarter earnings tumbled about 30 percent as oil and natural gas companies cut back on exploration and drilling amid lower prices and demand.
American Express 1st-quarter profit falls 63 percent, but results beat Wall Street estimatesApril 23rd, 2009 AmEx 1Q profit drops 63 percent, but beats StreetNEW YORK — American Express says its earnings fell 63 percent in the first three months of the year, marking a sixth-straight quarter of profit declines at the credit card lender. But the results are better than analysts were expecting.
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