NCRâs Profit Drops 55 Percent After Spinoff
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The ATM maker said earnings fell to $79 million in the fourth quarter, reflecting the spinoff of its Teradata software unit.
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The manufacturer said earnings fell 54 percent from a year-ago period which included its former health-care and electronics units. Adjusted profit topped Wall Street expectations by a wide margin.
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Company reports a decline in its router business during its quarterly earnings, which barely met analyst expectations.
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The virtualization market leader saw its stock price drop sharply after reporting fourth-quarter financial results that fell short of Wall Street's profit forecasts.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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The Bank of New York Mellon Corp.'s fourth-quarter profit tumbled 68 percent due to its exposure to assets backed by mortgages and a tough comparison to last year, when the bank sold its retail operations for about $1.4 billion.
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Fourth-quarter profit fell 8 percent on declining advertising sales at the companyâs newspapers and television stations.
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YESTERDAY Close $45.95 Change -$0.51 52-WEEK High $51.50 Low $33.73 The medical research and services company Charles River Laboratories International Inc. of Wilmington said fourth-quarter profit dropped 30 percent due in large part to a year-ago provision for income taxes.
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Bank of New York Mellon Corp  said on Thursday fourth-quarter profit fell, reflecting a one-time gain a year earlier.
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Noble Energy Inc.  said on Thursday its fourth-quarter profit fell as weakness in natural gas prices weighed on results.
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Amazon.com  on Tuesday  reported a drop in second-quarter net income as a severed  partnership with Toysrus.com and higher technology investment  spending cut into profits.
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The newspaper publisher and television station operator said third-quarter profit fell to $2.5 million as ad revenue slumped.
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Northwestern Corp. , which is set to be acquired by Australia's Babcock & Brown Infrastructure Group , said 2006 earnings fell after the settlement of a lawsuit.
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Electrolux AB, the world's biggest maker of household appliances, said Tuesday it would spin off its outdoor products unit as it reported a drop in fourth-quarter profit.
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Verizon Communications, the second-largest U.S. telephone company, said fourth-quarter profit declined 38 percent because of costs to build a fiber-optic network and shed assets.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices.
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Swiss pharmaceutical maker Novartis AG reported a 45 percent drop in fourth-quarter net profit on Thursday, citing restructuring costs and a weak performance in the U.S. market.