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Security systems maker Federal Signal Corp posted quarterly results that missed Wall Street estimates, hurt by a drop in sales at its Fire Rescue segment, and said its near-term expectations have been tempered by economic conditions in Europe.
For the second quarter, the company reported a net loss of $0.4 million, or 1 cent a share, compared with $4.9 million, or 10 cents a share, a year ago. Get the full story »
Chevron Corp., the second-largest U.S. oil company, reported a three-fold jump in quarterly profit on rising oil output, higher energy prices and buoyant margins at its refineries, topping Wall Street forecasts.
The results follow the strong earnings reports from the world’s largest oil companies, including ExxonMobil Corp. and Royal Dutch Shell Plc Thursday. Get the full story »
Aon Corp.’s second-quarter earnings rose 2.7 percent as its insurance brokerage and consulting units each saw higher profit amid rising margins.
The insurance broker has seen commissions and fee revenue rise recently, though its risk and insurance-brokerage services — its biggest unit — saw its profit decline amid higher expenses. Price competition has weighed on the industry’s profits as insurers price policies low enough to attract customers less worried about risk. Get the full story »
Merck & Co.’s second-quarter earnings dropped 52 percnet on acquisition and other charges as sales of its key drugs weren’t as strong as in recent quarters.
The drug giant also narrowed its 2010 earnings forecast while trimming the top end of its sales view for the year. Get the full story »
Newell Rubbermaid Inc.’s second-quarter earnings rose 23 percent as the household-goods company recorded stronger margins and a lower tax rate.
However, benefits of strong international demand were offset by a shift in buying patterns to the quarter before an information-technology change. Get the full story »
Kellogg Co. reported a lower-than-expected quarterly profit Thursday and cut its full-year forecast, sending its shares down nearly 7 percent, as a big cereal recall and weak sales and pricing took a toll.
The world’s largest cereal maker also said results were pressured by lower Eggo waffle sales, retailers clearing out inventory, promotions from a rival and currency fluctuations. Get the full story »
Tootsie Roll Industries Inc., the Chicago-based candy maker, said its second quarter profit fell 18 percent, reflecting rising costs of distribution and ingredients — in particular, sugar.
The family-run manufacturer of Junior Mints and Dots reported net income of $8.5 million, or 15 cents a share for the three months ended July 3, down from $10.3 billion, or 18 cents a share, a year ago. Get the full story »
Motorola Inc. saw its second-quarter profit jump significantly from last year, with executives sounding increasingly confident about the mobile device devision’s ongoing transformation into a profitable smartphone maker.
The Schaumburg-based company posted net profit of $162 million, or 7 cents per share, for the second quarter, compared with a year-earlier profit of $26 million, or 1 cent per share. The profits were driven mostly by Motorola’s enterprise mobility and networks units, although its mobile phone business showed signs of progress. Get the full story »
Auto parts maker Tenneco Inc. on Thursday posted a second-quarter profit that surged past Wall Street expectations, as auto production rose by 72 percent in North America, its largest market.
Tenneco shares rose more than 6 percent in morning trading, to $25.61. Get the full story »
Sony Corp. lifted its annual outlook and returned to profitability in the first quarter on booming demand for its Bravia flat TVs and PlayStation 3 game consoles.
Rivals Panasonic Corp. and Sharp Corp. also reported profits for April-to-June versus losses a year ago, while Panasonic joined Sony in upgrading its forecast as both cashed in on growing sales in emerging markets. Get the full story »
ExxonMobil Corp. reported a better-than-expected second-quarter profit Thursday, as oil prices and margins to process crude into fuel rebounded from a year earlier and production rose.
Conditions in the refining sector have improved in recent months, with business and consumer demand for diesel and gasoline rebounding. Get the full story »
Mead Johnson Nutrition Co.’s second-quarter profit fell 10 percent on falling margins, as strength in emerging markets was partially offset by a decline in North America. Get the full story »
Potash Corp. of Saskatchewan on Thursday posted a quarterly profit that more than doubled and easily outstripped expectations, as sales volumes more than quadrupled, offsetting lower prices for the crop nutrient. Get the full story »
Beauty supplies and hair products distributor Sally Beauty Holdings Inc. posted better-than-expected third-quarter results, helped by better gross margins. The company has seen rising sales as consumers bought more do-at-home products instead of heading for hair salons.
CME Group Inc.’s second-quarter earnings rose 22 percent, and adjusted results topped analysts’ forecasts, as the world’s biggest operator of derivatives exchanges again benefited from increased volume. Get the full story »
