CME Group Profit More Than Doubles After CBOT Deal
CME Group Inc.’s first-quarter net income more than doubled amid last year’s acquisition of the Chicago Board of Trade and surging volumes resulting from recent market volatility. The world’s derivatives exchange reported net income of USD 283.5 000 000, or USD 5.25 a share, compared with USD 130 000 000 a year earlier.
Western Digital Sets Fourth Quarter Earnings, Sales Targets
SAN FRANCISCO — Western Digital Corp. on Thursday said that for its fiscal fourth quarter it expects to earn between 77 cents and 83 cents a share. The computer hard-disk drive maker also forecast revenue in a range of USD 1.825 000 000 000 to USD 1.9 000 000 000 for the quarter. Analysts surveyed […]
Cooper Cos. First-quarter Net Income Rises
SAN FRANCISCO - Cooper Cos. late Thursday reported first-quarter net income of USD 6.9 000 000, or 15 cents a share, up from USD 5.3 000 000, or 12 cents a share, in the year-ago period. Excluding acquisition and restructuring expenses, earnings were 45 cents a share, compared with 47 cents in the same quarter […]
First Horizon’s First-quarter Profit Falls
NEW YORK — First Horizon National Corp. said Thursday that its first-quarter profit fell to USD 7.92 000 000, or 6 cents a share, from USD 70.5 000 000, or 55 cents a share, in the year-earlier period. The Memphis banking and financial-services company said its first-quarter mortgage banking pre-tax income was USD 51.
Lawson Software Breaks Even In Third Quarter
SAN FRANCISCO — Lawson Software Inc. late Thursday reported it recovered to a net income of USD 727,000, or breaking even on a per-share basis, in the third quarter from a loss of USD 9.8 000 000, or 5 cents a share, a year earlier. A non-operating impairment charge of USD 8.1 000 000 to […]
Healthways Second-quarter Net Income Rises To 33 Cents
SAN FRANCISCO — Healthways Inc. late Tuesday reported its second-quarter net income rose to USD 12.5 000 000, or 33 cents a share, from USD 11 000 000, or 30 cents a share, in the same period a year ago. Revenue totaled USD 179 000 000, up from USD 160.3 000 000 reported year earlier, […]
KB Homes Swings To Loss
NEW YORK — Homebuilder KB Homes said Friday that it lost USD 268.1 000 000, or USD 3.47 a share in its fiscal first quarter ended February 29, compared to a profit of USD 27.5 000 000, or 34 cents a share a year ago. The firm’s total revenues for the quarter fell USD 794.2 […]
Eaton Posts Higher First-quarter Profit
NEW YORK — Eaton Corp. said Monday that its first-quarter net income rose 5.6% to USD 247 000 000, or USD 1.64 a share, from USD 234 000 000, or USD 1.56 a share, a year earlier, due in part to sales in international markets. Before acquisition integration charges, operating earnings rose to USD 1.70 […]
FBR Lifts 2008 Profit Target For Occidental
NEW YORK — Occidental Petroleum beat Wall Street targets on several fronts, FBR analyst Eitan Bernstein said in a note to clients on Thursday. Occidental Petroleum’s first-quarter operating earnings of USD 2.20 a share were well above FBR’s forecast of USD 2 a share, with the upside primarily due to better-than-expected exploration and production earnings, […]
Corn Products 1st-quarter Net Up 29%; Year Outlook Higher
TEL AVIV — Corn Products International Inc., the Westchester, Ill., corn refiner, reported first-quarter earnings rose a stronger-than-expected 29% and lifted its profit estimate for the year. Earnings reached USD 64 000 000, or 85 cents a share, from USD 50 000 000, or 66 cents, in the year-earlier period.
