Company Earnings
Electronic Arts cuts 1500 jobs
Electronic Arts Inc (ERTS.O) posted a wider quarterly loss and said it would cut about 1,500 jobs, or about 17 percent of its workforce,
Ford posts surprise earnings, sees solid profit rise (AFP)
AFP – Ford Motor Co. on posted surprise earnings of nearly a billion dollars in the third quarter and said it was on track to become “solidly profitable” by 2011 after years of painful losses.
Kindred turns 3Q profit, but outlook sinks shares (AP)
AP – Health care services company Kindred Healthcare Inc. said Monday it turned a better-than-expected profit in the third quarter, compared with a year-ago period in which it lost money after closing a hospital.
Principal Financial net profit rises
AP – Principal Financial Group Inc. said Monday net profit rose for the third quarter to the best result in two years as it saw investment losses improve.
Ford turns a profit, reaping rewards of turnaround (AP)
AP – One of the troubled Detroit Three automakers, Ford, is making money again and looking for better times in no more than two years.
Ford posts surprise profit (Reuters)
Reuters – Ford Motor Co posted a $1 billion quarterly profit on Monday, defying Wall Street forecasts of a loss, as it cut costs and gained market share, leading it to raise its 2011 outlook to “solidly profitable” from break-even.
Earnings preview: Comcast to report 3Q results (AP)
AP – Comcast Corp., the nation’s largest cable TV operator and largest home Internet service provider, reports third-quarter earnings before the market opens on Wednesday. The following is a summary of key developments and analyst opinion related to the period:
Hanover Insurance swings to 3Q profit; claims down (AP)
AP – The Hanover Insurance Group Inc. on Monday posted a third-quarter profit, reversing a year-ago loss, as it paid out fewer storm claims and had no investment losses to report.
Anadarko 3Q profit tumbles; volume increases (AP)
AP – Anadarko Petroleum Corp. said Monday its profit plunged during the third quarter, but that sales volume will jump this year even though spending has declined.
Helped by swine flu, Clorox 1Q profit rises 23 pct (AP)
AP – The Clorox Co. said Monday profit rose 23 percent in its fiscal first quarter, as consumers paid higher prices and stocked up on disinfecting products because of worries about the flu.
