Allianz Shows Second-Quarter Profit Dip
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Insurance and banking group Allianz on Monday reported a 7 percent drop in second-quarter net profit as lower interest earnings offset an improved performance by its Dresdner Bank subsidiary.
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Second-quarter profit fell by two-thirds at plane and train maker Bombardier Inc. (BBDb.TO: Quote, Profile, Research) as its regional aircraft business lagged a rebound
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French-US telecom equipment maker Alcatel-Lucent issued its second profit-warning of the year Thursday, sparking a sharp fall in the group&#39;s share price despite management assurances the merger of the two groups would prove fruitful.
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Annual results show a drop in profits despite better efficiency.
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Third-quarter net profit at Allianz AG fell 8 percent, the insurance and banking group said Friday, but included an improved performance by the Dresdner Bank subsidiary and exceeded analysts' expectations.
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Reversing a year-earlier loss, Sun Microsystems this afternoon reported second-quarter net profit of $28 million and revenue of $2.84 billion.
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French media and technology group Lagardere on Monday posted disappointing annual net profits, due partly to a fall in income from its stake in the troubled European aerospace group EADS, the parent group of plane-maker Airbus.
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Profits plummet in the second quarter, but the retailer looks to a brighter tomorrow.
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US grocery retailer Kroger has reported lower second-quarter net earnings, hit by the early redemption of debt and the continuing after-effects of the labour dispute in Southern California.
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The aluminum maker said second-quarter profit slipped nearly 4 percent as outage costs at two smelters weighed down results.
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The aluminum maker extended its takeover offer to rival Alcan and said second-quarter profit slipped by nearly 4 percent
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Warehouse retailer Costco Wholesale Corp. said Thursday its second-quarter profit declined 16 percent as costs grew faster than revenue.
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German insurer Allianz sees profits slide as it absorbs the cost of 2004's devastating hurricanes, but its figures prove better than feared.
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The printer maker said its second-quarter profit declined 16 percent, to $64.2 million, on lower consumer segment sales and higher costs.
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Transportation giant Bombardier Inc. said Wednesday that its second-quarter profit slid to $23 million from $68 million a year ago, but showed a sharp improvement from the first quarter&#39;s $174 million loss.
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Air France-KLM said Thursday that fiscal second-quarter profit rose 26 percent, but shares of Europe's biggest airline fell as much as 8 percent after it announced tentative talks on a tie-up with Alitalia.
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Second-quarter profit fell by two-thirds at plane and train maker Bombardier Inc. (BBDb.TO) as its regional aircraft business lagged a rebound in the business jet market, the company said on Wednesday.