Markets News
Articles 81 - 90 of most recent articles
ProLogis reports lower funds from operations
BOSTON (MarketWatch) -- ProLogis on Thursday said funds from operations, a key profitability measure for real estate investment trusts, in the second quarter fell to $1.06 a share from $1.16 in the year-ago period. Analysts polled by Thomson Reuters had been looking for FFO of $1.04 a share, on average. The company reiterated its full-year outlook for FFO ranging between $4.65 and $4.85 a share, while the consensus estimate is $4.78 a share. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 6 minutes ago ¦ comment?
BOSTON (MarketWatch) -- ProLogis on Thursday said funds from operations, a key profitability measure for real estate investment trusts, in the second quarter fell to $1.06 a share from $1.16 in the year-ago period. Analysts polled by Thomson Reuters had been looking for FFO of $1.04 a share, on average. The company reiterated its full-year outlook for FFO ranging between $4.65 and $4.85 a share, while the consensus estimate is $4.78 a share. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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E.W. Scripps' second-quarter earnings fell 47%
NEW YORK (MarketWatch) -- E.W. Scripps Co. said Thursday its second-quarter earnings fell 47% to $51.2 million, or 94 cents a share, from $97.5 million, or $1.78 a share, in the year-ago period. The company's quarterly revenue rose 3.8% to $664.1 million from $640.1 million in the yera-ago period. Scripps Networks Interactive , which was spun-off from E.W. Scripps Co. this month, expects its third-quarter earnings from continuing operations, excluding spin-off related costs, to be between 35 and 38 cents a share. Scripps Network, which manages brands like the Food Network and DIY Network in its portfolio, said it expects to initially set its quarterly dividend at about 7.5 cents a share on about 163 million outstanding shares. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 7 minutes ago ¦ comment?
NEW YORK (MarketWatch) -- E.W. Scripps Co. said Thursday its second-quarter earnings fell 47% to $51.2 million, or 94 cents a share, from $97.5 million, or $1.78 a share, in the year-ago period. The company's quarterly revenue rose 3.8% to $664.1 million from $640.1 million in the yera-ago period. Scripps Networks Interactive , which was spun-off from E.W. Scripps Co. this month, expects its third-quarter earnings from continuing operations, excluding spin-off related costs, to be between 35 and 38 cents a share. Scripps Network, which manages brands like the Food Network and DIY Network in its portfolio, said it expects to initially set its quarterly dividend at about 7.5 cents a share on about 163 million outstanding shares. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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AutoNation's second-quarter profit declines
NEW YORK (MarketWatch) -- AutoNation Inc. said Thursday that its second-quarter net income fell to $51.8 million, or 29 cents a share, from $77.3 million, or 37 cents a share, in the year-earlier period. Earnings from continuing operations declined to 29 cents a share from 38 cents a share. A FactSet Research survey of analysts, on average, projected earnings of 31 cents a share for the quarter. The Fort Lauderdale, Fla., automotive retailer said revenue fell to $3.91 billion from $4.48 billion. Shares of AutoNation ended Wednesday at $9.39.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 11 minutes ago ¦ comment?
NEW YORK (MarketWatch) -- AutoNation Inc. said Thursday that its second-quarter net income fell to $51.8 million, or 29 cents a share, from $77.3 million, or 37 cents a share, in the year-earlier period. Earnings from continuing operations declined to 29 cents a share from 38 cents a share. A FactSet Research survey of analysts, on average, projected earnings of 31 cents a share for the quarter. The Fort Lauderdale, Fla., automotive retailer said revenue fell to $3.91 billion from $4.48 billion. Shares of AutoNation ended Wednesday at $9.39.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Union Pacific net income up 19%
NEW YORK (MarketWatch) -- Union Pacific Corp. said second-quarter net income rose 19% to $531 million, or $1.02 a share, from $446 million, or 82 cents a share in the year-ago period. The Omaha, Neb. railroad giant said revenue rose 13% to $4.56 billion. Analysts expected earnings of 92 cents a share on revenue of $4.5 billion, on average. "Although high fuel prices and a soft economy present challenges, we remain committed to ongoing productivity and customer service initiatives as we look forward to achieving a record year," the company said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 13 minutes ago ¦ comment?
NEW YORK (MarketWatch) -- Union Pacific Corp. said second-quarter net income rose 19% to $531 million, or $1.02 a share, from $446 million, or 82 cents a share in the year-ago period. The Omaha, Neb. railroad giant said revenue rose 13% to $4.56 billion. Analysts expected earnings of 92 cents a share on revenue of $4.5 billion, on average. "Although high fuel prices and a soft economy present challenges, we remain committed to ongoing productivity and customer service initiatives as we look forward to achieving a record year," the company said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Boeing cut to neutral at Cowen & Co.
LONDON (MarketWatch) -- Boeing Co. was downgraded to neutral from outperform at Cowen & Co. saying the latest 787 schedule slip will make it harder for the company to hit its margin guidance. The broker also said there are risks Boeing's defense programs could be cut back by a new administration in 2009 and that unions are "apt to rattle swords" over upcoming labor negotiations.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 41 minutes ago ¦ comment?
LONDON (MarketWatch) -- Boeing Co. was downgraded to neutral from outperform at Cowen & Co. saying the latest 787 schedule slip will make it harder for the company to hit its margin guidance. The broker also said there are risks Boeing's defense programs could be cut back by a new administration in 2009 and that unions are "apt to rattle swords" over upcoming labor negotiations.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Kimberly Clark profit dips 9.8%
NEW YORK (MarketWatch) -- Kimberly Clark said Thursday that its second quarter profit slipped 9.8%, to $416.7 million, or 99 cents a share from $461.8 million, or $1 a share a year ago. The company's revenue rose 11.2%, to $5.01 billion, from $4.50 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 41 minutes ago ¦ comment?
NEW YORK (MarketWatch) -- Kimberly Clark said Thursday that its second quarter profit slipped 9.8%, to $416.7 million, or 99 cents a share from $461.8 million, or $1 a share a year ago. The company's revenue rose 11.2%, to $5.01 billion, from $4.50 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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L-3 Communications net income up 48%
NEW YORK (MarketWatch) -- L-3 Communications said second-quarter net income rose 48% to $278 million, or $2.24 a share, from $188 million, or $1.49 a share in the year-ago period. Excluding items, the aircraft and command systems firm earned $1.67 a share in the latest period. Revenue rose to $3.77 billion from $3.4 billion. Analysts surveyed by FactSet forecast earnings of $1.63 a share on revenue of $3.66 billion, on average. L-3 raised its 2008 earnings outlook to $6.71 to $6.75 a share, excluding items, from its earlier target of $6.70 a share. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 43 minutes ago ¦ comment?
NEW YORK (MarketWatch) -- L-3 Communications said second-quarter net income rose 48% to $278 million, or $2.24 a share, from $188 million, or $1.49 a share in the year-ago period. Excluding items, the aircraft and command systems firm earned $1.67 a share in the latest period. Revenue rose to $3.77 billion from $3.4 billion. Analysts surveyed by FactSet forecast earnings of $1.63 a share on revenue of $3.66 billion, on average. L-3 raised its 2008 earnings outlook to $6.71 to $6.75 a share, excluding items, from its earlier target of $6.70 a share. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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AmerisourceBergen swings to quarterly net loss
NEW YORK (MarketWatch) -- AmerisourceBergen Corp. on Thursday posted a fiscal third-quarter net loss of $108 million, or 67 cents a share. In the year-ago period it earned $129.9 million, or 69 cents a share. On a continuing operations basis the pharmaceutical services company earned 70 cents a share, including 3 cents a share in special charges. Revenue rose to $18 billion from $16.34 billion. Analysts, on average, expected it to earn 66 cents a share, according to FactSet Research. The company raised its continuing operations profit forecast to a range of $2.81 a share to $2.89 a share from $2.77 a share to $2.87 a share. The new range implies a fiscal fourth quarter profit range of 65 cents to 73 cents a share. For fiscal 2009, the company expects to deliver low double-digit earnings per share from continuing operations growth.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 43 minutes ago ¦ comment?
NEW YORK (MarketWatch) -- AmerisourceBergen Corp. on Thursday posted a fiscal third-quarter net loss of $108 million, or 67 cents a share. In the year-ago period it earned $129.9 million, or 69 cents a share. On a continuing operations basis the pharmaceutical services company earned 70 cents a share, including 3 cents a share in special charges. Revenue rose to $18 billion from $16.34 billion. Analysts, on average, expected it to earn 66 cents a share, according to FactSet Research. The company raised its continuing operations profit forecast to a range of $2.81 a share to $2.89 a share from $2.77 a share to $2.87 a share. The new range implies a fiscal fourth quarter profit range of 65 cents to 73 cents a share. For fiscal 2009, the company expects to deliver low double-digit earnings per share from continuing operations growth.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Penn National's second-quarter earnings fell 3.4%
NEW YORK (MarketWatch) -- Penn National Gaming said Thursday its second-quarter earnings fell 3.4% to $37 million, or 42 cents a share, from $38.3 million, or 43 cents a share, in the year-ago period. The company's chairman and chief executive officer, Peter Carlino, said Penn National has assembled potential growth opportunities and options in Atlantic City, N.J., Kansas, Maryland and other regions, on top of recent facility openings, expansions and planned development. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 45 minutes ago ¦ comment?
NEW YORK (MarketWatch) -- Penn National Gaming said Thursday its second-quarter earnings fell 3.4% to $37 million, or 42 cents a share, from $38.3 million, or 43 cents a share, in the year-ago period. The company's chairman and chief executive officer, Peter Carlino, said Penn National has assembled potential growth opportunities and options in Atlantic City, N.J., Kansas, Maryland and other regions, on top of recent facility openings, expansions and planned development. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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McDonald's downgraded to hold at Deutsche Bank
LONDON (MarketWatch) -- Deutsche Bank downgraded McDonald's Corp. to hold from buy, saying it believes commodity costs, particularly beef, will be much worse than expected in the second half of the year and there is a risk that traffic will start to fall. "Clearly, McDonald's is better positioned than most restaurant chains to manage through a difficult commodity/consumer environment. However, we believe a change in trend is emerging, with in-line earnings per share, lower margins, and lower growth likely going forward," Deutsche Bank said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 48 minutes ago ¦ comment?
LONDON (MarketWatch) -- Deutsche Bank downgraded McDonald's Corp. to hold from buy, saying it believes commodity costs, particularly beef, will be much worse than expected in the second half of the year and there is a risk that traffic will start to fall. "Clearly, McDonald's is better positioned than most restaurant chains to manage through a difficult commodity/consumer environment. However, we believe a change in trend is emerging, with in-line earnings per share, lower margins, and lower growth likely going forward," Deutsche Bank said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 6 hours, 48 minutes ago ¦ comment?
