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Regional cell phone company U.S. Cellular Corp. on Thursday said its fourth-quarter net income and revenue were flat with a year ago, as it continued to lose subscribers.
The company’s net income came to $6.8 million, or 8 cents per share, compared with $6.6 million, or 8 cents per share, a year earlier. Get the full story »
Dominick’s Finer Foods parent Safeway Inc. reported a quarterly profit that topped Wall Street’s view as sales trends at its grocery stores improved.
The company, which also operates Safeway and Vons grocery stores, fourth-quarter net profit of $229.6 million, or 62 cents per share, topping analysts’ average call for a profit of 57 cents, according to Thomson Reuters I/B/E/S. Get the full story »
General Motors Co. posted fourth-quarter earnings slightly above expectations and its first full-year profit since 2004. Profit for all of 2010 was $4.7 billion, achieved after the company slashed costs and debt in a 2009 bankruptcy financed by the Obama administration. Get the full story »
Intrepid Potash posted its second straight market-topping quarterly profit as potash sales increased 44 percent on surging demand for grains.
Rising crop prices are giving strong incentives to farmers to maximize yield, which entails applying more fertilizer, thus helping fertilizer companies like Potash Corp. and Mosaic clock good sales numbers. Get the full story »
Retailer Sears Canada posted a 28 percent drop in its quarterly profit, hurt in part by lower demand for appliances.
“The 2010 results were disappointing due to several external factors including increasing household debt, at an all time high, which affects sales in major expense items such as appliances,” Chief Executive Dene Rogers said in a statement. Get the full story »
A former Walt Disney Co. administrative assistant was sentenced to four months home detention Tuesday after admitting to engaging in a scheme last year to sell early access to the entertainment company’s earnings.
Federal prosecutors in Manhattan alleged that Bonnie Hoxie, the former assistant to Disney’s head of communications, gave her then-boyfriend Yonni Sebbag information about Disney’s results before their public announcement last spring. Get the full story »
Chicago-based executive recruiter Heidrick & Struggles International posted a lower-than-expected quarterly profit, weighed down by higher payroll expenses and employee benefits.
The company, which competes with Korn/Ferry International, said it expects first-quarter revenue of $122-$128 million and $515-$545 million for the full year. Get the full story »
Printing services firm RR Donnelley & Sons posted better-than-expected quarterly profit as it reported an increase in volumes of logistics services and printing, but continued to struggle with pricing pressure and acquisition-related costs.
The company posted a fourth-quarter net income of $27 million, or 13 cents a share, attributable to common shareholders, compared with a net loss of $79.5 million, or 39 cents a share a year ago. Get the full story »
Chicago-based Huron Consulting Group reported a drop in its fourth-quarter earnings on Monday.
In the final three months of 2010, the company reported a net loss of $3.8 million, or a loss of $0.18 per share, compared to earnings of $14.4 million, or $0.71 per share, a year earlier. Get the full story »
CF Industries Holdings Inc. said quarterly profit spiked due to strong demand for its nitrogen fertilizers, a trend that executives said would only continue in 2011.
The company posted fourth-quarter net income of $200.3 million, or $2.78 per share, compared with $51.4 million, or $1.04 per share, in the year-ago period. Get the full story »
Comcast surpassed analysts’ estimates for its earnings in the final quarter of 2010 — its final period before adding NBC Universal to its mix. The company’s operating income grew rose 10.8 percent for the quarter. Revenue was up 7.2 percent to $9.72 billion.
Now the work begins. Despite all of the talk about the importance of fixing the ailing NBC broadcast network or the glamour of entering the movie business, Roberts said the first priority of his lieutenant, NBC Universal Chief Executive Steve Burke, would be “to maintain the strong momentum and focus of the cable channels.”
Chicago-based Orbitz Worldwide Inc.’s fourth-quarter loss widened as revenue increased but the company booked $79.5 million of impairments.
The company also forecast current-quarter revenue of $177 million to $184 million. Analysts surveyed by Thomson Reuters expect $194 million. Get the full story »
Naperville-based OfficeMax Inc. reported a higher-than-expected quarterly profit Wednesday as tight cost controls offset weak sales. Get the full story »
Farm equipment maker Deere & Co. reported a doubling of quarterly profit Wednesday amid strong North American sales of large, high-margin machines and price increases, and lifted its full-year profit forecast.
The world’s largest maker of tractors and combines earned $513 million, or $1.20 per share, in the first quarter ended Jan. 31, up from $243.2 million, or 57 cents per share a year earlier. Get the full story »
