Earnings roundup: AutoNation posts profit in 3Q on lower costs, KBR earnings slide 14 percentOctober 29th, 2009 Earnings roundup: AutoNation, KBRAmong the earnings stories for Thursday, Oct. 29, from AP Financial News:
RICHMOND, Va.
Amgen's 3rd-quarter profit rises 24 percent on lower costs as anemia drug sales continue dropOctober 21st, 2009 Amgen 3Q profit jumps 24 percent on lower costsNEW YORK — Biotechnology company Amgen Inc. says lower costs for sales and research pushed third-quarter profit up 24 percent, despite a continued downturn in anemia drug sales.
Soon to be under the same fold, Frontier Airlines and Midwest Airlines begin codeshare dealSeptember 2nd, 2009 Soon-to-be sister carriers start codeshare dealDENVER — Frontier Airlines and Midwest Airlines, soon to be under the same fold, began a codeshare agreement on Wednesday. Codesharing allows airlines to sell seats on each other's flights.
Power company Xcel reaffirms profit outlook of $1.45-$1.55 per shareJuly 30th, 2009 Xcel reaffirms 2009 profit outlookMINNEAPOLIS — Power company Xcel Energy on Thursday reaffirmed its 2009 profit outlook as rate increases in several states have helped offset lower demand for electricity caused by the recession. Xcel said it expects to make $1.45 to $1.55 per share.
France Telecom first half profit falls 4.3 percent and company sees lower business in H1July 30th, 2009 France Telecom H1 profit down 4.3 percentPARIS — Telecommunications company France Telecom said Thursday that first half net profit fell 4.3 percent as the economic crisis caused customers cut back on phone calls and data transfers — and warned that conditions will get tougher in the second half. The company, whose largest shareholder is the French state, reported net profit of euro2.56 billion ($3.60 billion) in the six months through June compared with euro2.67 billion in the first half of 2008.
Ryanair first-quarter net profit surges to euro136.5 mln thanks to lower fuel costsJuly 27th, 2009 Ryanair's net profit surges on lower fuel costsDUBLIN — Irish no-frills airline Ryanair Holdings PLC reported surging first-quarter profit on Monday, citing sharply lower fuel costs and a business model that thrives during recession. The carrier said net profit for the three-month period ending June 30 was euro136.5 million ($194.5 million) compared to euro21 million in the same quarter of 2008.
Judge approves Republic Airways plan to buy Frontier Airlines; Aug. 10 deadline for other bidsJuly 13th, 2009 Judge approves Republic plan to buy FrontierNEW YORK — A bankruptcy judge on Monday approved a plan by Republic Airways Holdings to buy Frontier Airlines for $108.8 million, although other bidders could still come forward. Denver-based Frontier Airlines Holdings Inc.
GenCorp fiscal 2nd-quarter profit jumps 59 percent, helped by lower costsJuly 7th, 2009 GenCorp 2Q profit surges 59 percent on lower costsSACRAMENTO, Calif. — GenCorp Inc.
Denver's Frontier Airlines reports $1.1 million May profit amid bankruptcy protectionJune 25th, 2009 Frontier Airlines reports $1.1 million May profitDENVER — Frontier Airlines Holdings Inc. says it had a net profit of $1.1 million in May, marking the seventh straight month the company has reported gains.
Utilities profit from customers using less electricityJune 12th, 2009 Utilities profit from lower electricity salesDuke Energy Co. reached a deal with environmental groups Friday that allow the power generator to charge customers more money even if they use less electricity.
Verizon to sell Frontier telephone assets in 14 states for $8.6 billionMay 13th, 2009 Verizon, Frontier in $8.6B deal for wirelinesNEW YORK — Verizon Communications Inc. said Wednesday it reached a deal to shed its traditional telephone line business in 14 states in a deal valued at $8.6 billion.
VeriSign reports 1st-quarter profit on boost in revenue, lower restructuring costsMay 9th, 2009 VeriSign reports 1Q profit on revenue, lower costsMOUNTAIN VIEW, Calif. — VeriSign Inc., which provides Internet infrastructure services, said Thursday it posted a first-quarter profit on a boost in revenue and lower expenses.
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.
FirstEnergy 1st-quarter profit drops 59 percent on sales weakness, higher costsMay 6th, 2009 FirstEnergy 1Q profit falls 59 percentAKRON, Ohio — FirstEnergy Corp., a regional electric utility, said Tuesday its first-quarter profit fell 59 percent on higher costs, including regulatory charges in Ohio. The Akron, Ohio-based company said its quarterly earnings declined to $115 million, or 39 cents per share, compared with $277 million, or 90 cents per share, during the prior-year quarter.
Frontier Airlines reports $161M 4Q loss on bankruptcy items, but posts operating profitApril 28th, 2009 Bankruptcy items drive Frontier Airlines 4Q lossMINNEAPOLIS — Bankruptcy expenses drove Frontier Airlines Holdings Inc. to a fourth-quarter loss of almost $161 million, but it reported an operating profit as it continues to look for an investor to take it out of Chapter 11.
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