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Best Buy 3rd-quarter profit falls, shares skid
NEW YORK — Electronics retailer Best Buy said Tuesday that its third-quarter net income fell 29 percent as it cut prices in popular categories such as tablets and TVs to […]
Legg Mason’s second quarter profit down 25 percent
Asset manager Legg Mason Inc. on Thursday said its fiscal second-quarter profit plunged 25 percent as its customers pulled money out of the markets, which experienced the worst quarter since […]
Under Armour third quarter profit up 32 percent
Profits were up 32 percent at Under Armour Inc. in the third quarter of 2011 as revenue continued to increase due to new products including charged cotton and fleece. The […]
M&T’s third-quarter profit falls on integration expense
BUFFALO, N.Y. — M&T Bank Corp. said Wednesday that its third-quarter profit fell in part due to the costs of integrating the recently acquired Wilmington Trust Corp. into its operations. […]
Best Buy 2nd quarter net income drops
MINNEAPOLIS — Best Buy Co. said Tuesday its fiscal second-quarter net income fell 30 percent as consumers hit the pause button on buying electronics, particularly TVs and smart phones, while […]
Universal Security of Owings Mills earnings way down
OWINGS MILLS — Universal Security Instruments Inc. of Owings Mills said it made hardly any money during its fiscal first quarter ended June 30. The manufacturer of safety and security […]
Sinclair’s second-quarter profit up 7 percent
Sinclair Broadcast Group Inc.’s profit increased 7 percent during the second quarter of 2011, helped by local auto dealer advertising. The Hunt Valley-based company, which operates television stations in 35 […]
Constellation earns 49 cents per share, but misses estimates
Profits at Constellation Energy Group Inc. climbed 37 percent in the second quarter based on strong performances at its core businesses, the company reported Wednesday. Constellation reported earnings of $99.2 […]
Comcast earns $1.02B in 2nd quarter, beating forecast
Comcast Corp., the country’s largest cable TV company, is bucking the trend among cable companies by making more money from its TV subscribers. While others are seeing declining revenue from […]
Coventry Health Care boosts earnings in 2Q
Coventry Health Care Inc. of Bethesda, a managed health care organization, reported second-quarter net income of $224.5 million, or 1.51 per diluted share, on revenue of $3.03 billion, compared to […]
Legg Mason reports Q1 profit of $60M
Money manager Legg Mason Inc. Thursday reported a 25 percent increase in profit from the corresponding period a year ago, but said assets under management were down 2 percent for […]
McDonald’s net income rises 15 percent on strong sales
OAK BROOK, Ill. — McDonald’s said Friday net income rose 15 percent in the second quarter as the world’s biggest burger chain continues to get customers to buy new menu […]
