U.S. money manager Calamos Asset Management Inc. posted better-than-expected quarterly results, helped by a rise in average assets under management. The company posted second-quarter earnings of $4.7 million, or 23 cents a share, compared with $1.8 million, or 9 cents a share, in the year-ago period. Get the full story »
Filed under: Earnings
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Kraft earnings beat expectations; sales fall short
Kraft posted strong second-quarter earnings that beat analyst expectations by a penny, with earnings per share of 53 cents. Sales surged 25 percent, following the acquisition of Cadbury, to $12.25 billion. Still, the increase fell short of consensus, which was $12.33 billion. Get the full story »
Playboy posts wider-than-expected loss
Playboy Enterprises Inc. reported a wider-than-expected quarterly loss on Thursday as revenue at its print and digital segment continued to decline.
For the second quarter, net loss narrowed to $5.4 million, or 16 cents per share, from $8.7 million, or 26 cents per share, a year ago.
The adult entertainment company, which is being wooed by both founder Hugh Hefner and rival Penthouse magazine-owner FriendFinder Networks, saw revenue fall 10 percent to $56 million. Get the full story »
Aug. 5, 2010 at 10:26 a.m.
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Filed under: Airlines, Earnings, Hotels, Internet, Travel, Updated Orbitz profit tops Street on bookings; shares soar
Online travel agency Orbitz Worldwide recorded a better-than-expected quarterly profit on gains in bookings, sending its shares up nearly 13 percent.
The company, which owns travel sites Orbitz.com and Cheaptickets.com, said the total value of its travel bookings increased by 17 percent from a year ago, when the industry was hammered by a recession that drained travel demand. Get the full story »
Hyatt Hotels returns to 2Q profit
Hyatt Hotels Corp. said Thursday that it returned to a second-quarter profit as demand for its rooms increased, especially abroad.
The hotel owner said it earned $25 million, or 14 cents per share, during the quarter that ended in late June. That’s far better than last year’s loss of $50 million, or 34 cents per share. Last year’s results were hurt by hefty one-time costs that cut net income by 43 cents per share. Get the full story »
Hewitt Associates 3Q earnings up 14%
Hewitt Associates Inc.’s fiscal third-quarter earnings rose 14 percent on an income-tax gain, but adjusted results dropped amid lower margins. The human-resource services company’s performance has improved modestly of late, though charges have weighed on results. It cut costs as unemployment pressured revenue during the recession. Get the full story »
Aug. 5, 2010 at 8:27 a.m.
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Filed under: Cell phones, Earnings, Telecommunications, Wireless TDS, U.S. Cellular profits fall in 2Q
Second-quarter earnings at Telephone & Data Systems Inc. and its U.S. Cellular Corp. business declined, while U.S. Cellular lost fewer overall subscribers than it did a year earlier.
Earnings for both companies missed analysts’ expectations, and U.S. Cellular also lowered its guidance for full-year service revenue to $3.93 billion to $4 billion from $3.98 billion to $4.08 billion. Get the full story »
CBOE quarterly net profit fell 11%
CBOE Holdings Inc, which runs the Chicago Board Options Exchange, said on Thursday that second-quarter profit fell 11%. Net income fell to $24.9 million, or 27 cents a share, from $28.1 million, or 31 a share, a year earlier. Results from the latest quarter include certain one-time expenses, including for index options litigation. Get the full story »
Zebra Technologies beats in 2Q
Specialty business printers maker Zebra Technologies Corp. posted second-quarter results above Wall Street view, driven by stronger-than-expected growth across all regions, and forecast third quarter largely above estimates. For the third quarter, the company expects to earn 36 cents to 43 cents per share, on revenue of $230 million to $244 million. Get the full story »
Up 23%, Career Ed 2Q earnings still fall short
Career Education Corp.’s second-quarter profit soared as the for-profit college’s student population rose 23 percent and margins improved, though revenue fell short of analysts expectations.
College operators have benefited during the recession as out-of-work adults look to re-train, but their rapid growth has garnered the attention of the Department of Education and Congress. Get the full story »
Prudential second-quarter net income jumps 48%
Life insurer Prudential Financial Inc. said its second-quarter earnings surged 48 percent as revenue jumped and the company posted investment gains rather than last year’s losses.
Investment losses hurt Allstate’s net income in 2Q
Property and casualty insurer Allstate Corp. said Wednesday that its net income fell sharply in the second quarter as a result of investment losses. But the Northbrook, Ill., company noted that the performance of both its insurance and financial services businesses showed improvements.
For the three months ended June 30, Allstate earned $145 million, or 27 cents per share. That compares with a profit of $389 million, or 72 cents per share, in the year-ago period.
Molex fourth quarter beats Wall Street view
Electronic connector maker Molex Inc., based in Lisle, posted better-than-expected quarterly results, helped by strength in its data and telecom markets, and forecast first-quarter results above analysts’ estimates. Get the full story »
US Airways says traffic rose in July
US Airways Group Inc. says July traffic on US Airways and its regional affiliates rose 1 percent over a year ago, but the company expanded capacity even more quickly, leading to a few more empty seats on the average flight.
Walgreen July same-store sales miss estimates
U.S. drugstore chain Walgreen Co. reported a weaker-than-expected rise in July same-store sales, hurt by sales of lower-priced generic drugs and decreased sales of flu remedies.
Sales at drugstores open at least a year rose 0.4 percent compared to July 2009, less than the 1.6 percent expected by analysts, according to Thomson Reuters data. Get the full story »
