Centennial Communications posts higher 1st-quarter profit; DOJ clears takeover by AT&TOctober 13th, 2009 Centennial posts higher 1Q profit as costs declineWALL, N.J. — Centennial Communications Corp., which is being acquired by AT&T Inc., said Tuesday its fiscal first-quarter profit climbed as cost cuts offset a decline in revenue.
Exide posts 92 percent rise in net profitOctober 12th, 2009 KOLKATA - Battery manufacturer Exide Industries has posted a 92 percent rise in its net profit at Rs.150 crore for the quarter ended Sep 30 as compared to Rs.77.84 crore reported in the like period last year. "The robust growth in profit level was possible due to a number of internal strategic initiatives taken 18 months ago and also due to a turnaround of automotive sector in the July-September period," T.V.
Jabil Circuit posts lower 4th-quarter profit but results surpass analysts' expectationsSeptember 30th, 2009 Jabil posts lower 4Q profit but surpasses StreetST. PETERSBURG, Fla.
Battery maker Exide Technologies rises as analyst rates the stock "Outperform"September 10th, 2009 Analyst rates Exide Technologies stock highlyNEW YORK — Shares of Exide Technologies rose Thursday after an analyst began covering the battery maker with an "Outperform" rating on the stock and expectations of a successful restructuring. Wedbush Morgan analyst Craig Irwin, who also set a $13 price target on the stock, said the Milton, Ga.-based company is "well positioned to resume its successful restructuring with management's recent closure of plants in France and the U.K., and other actions matching production to lower unit demand."
Also, Exide's integration with battery recycling smelters in North America is a key strategic asset that can allow lower cost commodity procurement, while competitors largely acquire lead from third parties, Irwin said in a client note.
NetApp posts higher 1st-quarter profit, names Tom Georgens new CEOAugust 19th, 2009 NetApp posts higher 1Q profit, names new CEOSUNNYVALE, Calif. — Data storage company NetApp Inc.
E.W. Scripps posts 2nd-quarter profit after recording year-ago loss on impairment chargeAugust 10th, 2009 E.W. Scripps posts 2nd-quarter profitCINCINNATI —Media company E.W. Scripps says it made a profit in the second quarter despite a decline in revenue.
MBIA surprises investors with 2Q profit; shares riseAugust 5th, 2009 MBIA posts surprise profit in 2QArmonk, N.Y. — Bond insurer MBIA Inc.
Centex posts $85 million profit in 1Q on tax gain; without it the builder lost $322 millionAugust 3rd, 2009 Centex swings to profit in fiscal 1Q on tax gainCentex Corp. says it posted a profit in its first-quarter, thanks to a $407 million tax gain.
Reliance Power posts Rs.100 crore net profitJuly 29th, 2009 NEW DELHI - Reliance Power has posted a net profit of Rs.100.56 crore ($21 million) for the quarter ended June 30 as against Rs.59.7 crore reported in the like period last year. The total income has increased to Rs.144.24 crore from Rs.77.67 crore, the company said in a statement.
Norwegian aluminum concern Hydro posts 73 percent tumble in 2Q profitJuly 22nd, 2009 Norway's Hydro posts 73 pct 2Q profit tumbleOSLO — Norwegian aluminum supplier Norsk Hydro ASA on Wednesday reported a 73 percent plunge in second quarter profits, citing "historically" weak demand amid the economic crisis. Net profit fell to 211 million kroner ($33.5 million) in the second quarter, down sharply from 786 million kroner in the same period last year.
Exide plans Rs.100 crore investment in this fiscalJuly 17th, 2009 KOLKATA - The country's largest lead acid battery maker, Exide Industries, will invest around Rs.100 crore in 2009-10 on augmenting its capacity by 15 percent, a top company official said here Friday. "The investment will go into our plants in Haldia and Hosur and 50 percent of the money will be spent on increasing our industrial battery output," Exide managing director T.V.
Gannett posts 2nd-qtr profit above analyst views, reversing year-ago loss despite sales dropJuly 15th, 2009 Gannett posts 2Q profit, beating analyst viewsMCLEAN, Va. — Gannett Co.
Bond insurer MBIA posts 1st-quarter profit, reversing 5 straight losing quarters,May 11th, 2009 MBIA posts 1Q profit after 5 straight lossesNEW YORK — MBIA Inc. is reporting a profit for the first quarter, reversing a string of five consecutive quarterly losses as the bond insurer was rocked by the financial meltdown.
Baidu posts higher 1st-quarter profit, revenue, shares jump after-hoursApril 28th, 2009 Baidu posts higher 1Q profit, revenueNEW YORK — Baidu Inc., which runs China's most popular search engine, said Monday its first-quarter profit grew, boosted by higher online marketing revenue. The results sent the Beijing-based company's American Depositary shares higher in after-hours trading.
United Bank posts 27 percent growth in advancesApril 16th, 2009 KOLKATA - Public sector lender United Bank of India (UBI) Thursday reported 27 percent growth in advances at Rs.36,000 crore and 16 percent rise in deposits at Rs.54,000 crore in 2008-09. 'Our bottomline is likely to be between Rs.150-200 crore after we close our books,' UBI chairman and managing director S.C.