Filed under: Earnings

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USG reports 1Q loss on sluggish demand

USG Corp. reported a first-quarter loss that was slightly lower than a year ago, as demand for its building products remains sluggish.

The Chicago-based manufacturer of wallboard and other products reported a net loss of $105 million, or $1.01 a share, in the period ending March 31. In the year-ago quarter, USG reported a net loss of $110 million, or $1.10 a share. Get the full story »

Abbott 1Q profit falls 14% on charges

Abbott researchers using a robot to test compounds. (Lane Christiansen/Tribune)

Abbott Laboratories’ first-quarter profits dipped 14 percent thanks largely to restructuring costs of its pharmaceutical business that led to a major layoff announcement earlier this year.

The North Chicago-based drug and medical product giant, which in January said it would slash 1,900 jobs, including 1,000 in Illinois, reported $864 million in profits, or 55 cents a share. That compares to earnings of $1 billion, or 64 cents a share in the first quarter of 2010. Get the full story »

MillerCoors reports decline in domestic sales

From | Chicago-based MillerCoors reported Tuesday that sales to retailers fell 2.6 percent in the fiscal year that ended March 31.

Hub Group Q1 profit beats market view

Freight management company Hub Group posted a better-than-expected quarterly profit, driven by strong growth at its intermodal segment, and forecast 2011 revenue above market expectations. Get the full story »

Northern Trust profit falls amid low interest rates

Northern Trust's headquarters on La Salle. (Jason Wabsgams/Chicago Tribune)

Financial services company Northern Trust Corp. reported a decline in quarterly profit as low interest rates weighed on securities lending revenue.

Net income slipped to $151 million, or 61 cents a share, from $157.2 million, or 64 cents, a year earlier. Get the full story »

Packaging Corp. 1Q profit soars 95%

Packaging Corp. of America’s first-quarter profit soared 95 percent on higher containerboard and corrugated product pricing and volume, offsetting weather-related impacts and higher costs for transportation, chemicals and other expenses. Get the full story »

Caterpillar CEO sees compensation quadruple

Caterpillar CEO Douglas Oberhelman. (Andrew Harrer/Bloomberg)

An Associated Press review has found that Caterpillar quadrupled CEO Doug Oberhelman’s compensation last year when he took over the top job, but his $10.4 million package was less than half what the retiring chief executive received.

Oberhelman became CEO last summer and added the chairman title later after Jim Owens retired. Owens’ compensation more than tripled in 2010 to $22.5 million, mostly from a stock grant worth $16 million. Get the full story »

Grainger beats estimates as 1Q income soars 59%

Industrial supply company W.W. Grainger Inc. said Thursday that first-quarter net income soared 59 percent, causing the company to raise its full-year revenue and earnings forecasts. Get the full story »

Bank of America posts 37.5% decline in 1Q profit

Bank of America posted a 37.5 percent decline in first-quarter earnings Friday and named a new chief financial officer. Get the full story »

Google 1Q earnings miss analyst target

Google’s first-quarter earnings came in below analyst projections as the Internet search leader sped up hiring and increased spending other area to drive up its expenses. Get the full story »

Cargill earnings up 30% in 3rd quarter

U.S. agribusiness and trading giant Cargill said on Wednesday its quarterly earnings rose 30 percent, lifted by its grain processing business. Get the full story »

JPMorgan Chase 1Q earnings jump 67%

Customers use Chase Bank ATMs on March 17, 2011 in Chicago. (Scott Olson/Getty Images)

JPMorgan Chase & Co.’s first-quarter profit jumped 67 percent as it set aside less for potential loan losses and revenue fell less than expected.

The first big bank reporting results this quarter, JPMorgan has seen earnings surge in recent quarters, largely because improving asset quality has led it to set aside less to cover loan losses. It has said loans are growing, and in the fourth quarter saw revenue climb from year-earlier levels at operations tied to both Wall Street and Main Street. Get the full story »

Slot-maker WMS sees shares fall on 3Q forecast

A machine at the offices of WMS Gaming, located at 3401 N. California in Chicago. (Phil Velasquez/Chicago Tribune)

Shares of Waukegan-based WMS Industries Inc. fell more than 17 percent Tuesday, a day after the slot-machine maker warned that its third-quarter earnings would miss Wall Street expectations.

After the market’s close Monday, WMS said sluggish demand for its slot machines meant it would likely earn 40 cents to 42 cents a share on revenue of $191 million to $193 million for its fiscal third quarter. Analysts surveyed by Bloomberg had predicted the company would earn 52 cents a share. Get the full story »

Alcoa 1Q profit rises with the price of aluminum

Alcoa Inc. reported a large first-quarter profit on Monday, after a loss a year ago as the price of aluminum, its primary product, rose sharply with demand for the metal. Get the full story »

Howard Hughes reports narrower quarterly loss

From Bloomberg News | Howard Hughes Corp., the U.S. property company spun off last year from General Growth Properties Inc., reported a narrower fourth-quarter loss after recording a tax benefit.