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Earnings roundup: Kraft Foods, Dolby Laboratories17 days ago
Among the earnings stories for Tuesday, Nov. 3, from AP Financial News:
NORTHFIELD, Ill. (AP) _ Kraft Foods said that slower sales, lower retail food prices and the comparison with a gain a year ago helped cut its third-quarter profit 40 percent, but the company raised its forecast for the year.
SAN FRANCISCO (AP) _ Dolby Laboratories Inc. said its fiscal fourth-quarter profit fell nearly 9 percent, but still posted better-than-expected results.
SAN MATEO, Calif. (AP) _ Trucking company Con-way Inc. said its third-quarter profit dropped by nearly two-thirds from a year ago as the recession further hurt demand. The company warned investors that near-term prospects earnings growth were slim.
SANDUSKY, Ohio (AP) _ Amusement park operator Cedar Fair Entertainment Co. said that profit rose in the third quarter from a year-ago period hurt by charges, but weaker-than-expected revenue sent the company's shares tumbling 27 percent.
NEW YORK (AP) _ The Hartford Financial Services Group posted a much narrower loss for the third quarter, as its investment losses shrank by more than half.
HOUSTON (AP) _ Allis-Chalmers Energy Inc. said that it lost $10.3 million in the third quarter as the oilfield services provider dealt with a drop in rig count, falling equipment usage, and pricing.
NEW YORK (AP) _ Polo Ralph Lauren Corp. said its fiscal second-quarter profit rose and topped Wall Street expectations, helped by increased market share and lower operating expenses.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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