Creo Loses $1.3 Million in Fourth Quarter
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Creo Inc., a Canadian maker of imaging software, said Wednesday that it swung to a loss in the fiscal fourth quarter as the cost of entering the digital plate business and the strength of the Canadian dollar offset higher revenue.
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The drug company posts a wider Q3 loss than a year ago.
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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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The winds of four hurricanes blew through Safeco&#39;s third-quarter financials, helping send the Seattle-based insurer to its first quarterly loss in a year.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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Shares fall as company warns on global economy, 4Q forecast misses analysts&#39; estimates by 2 cents. CHICAGO  - Diversified manufacturer 3M Co.
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MCI Inc.'s MCIP.O quarterly loss  ballooned to $3.4 billion as the No. 2 U.S. long-distance  company wrote down the value of its assets due to a price war  in long-distance services, MCI said on Thursday.
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NEW YORK, Jan. 23 -- Struggling student loan giant Sallie Mae reported Wednesday that it lost $1.6 billion during the fourth quarter of 2007, a sharp reversal from its $18 million profit during the corresponding period a year earlier.
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Wachovia Corp  posted on Friday a 10 percent decline in third-quarter profit, missing forecasts, as the fourth-largest U.S. bank suffered $1.3 billion of write-downs at its investment banking unit.
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Wachovia Corp  on Friday posted a 10 percent decline in quarterly profit, missing forecasts, as the fourth-largest U.S. bank suffered $1.3 billion of write-downs at its investment banking unit.
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Restructuring charges of $44 million contributed to Monsanto&#39;s reported fourth-quarter 2004 loss of $42 million, compared to a loss of $188 million in the same quarter last year.
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Citing its acquisition of MedImmune and falling demand for its ulcer treatment,  the drugmaker said earnings fell to $1.27 billion in the fourth quarter.
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Wachovia Corp  posted on Friday a 10 percent decline in third-quarter profit, missing forecasts, as the fourth-largest U.S. bank suffered $1.3 billion of write-downs resulting from credit market turmoil.
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The company reported a sharp decline in its fourth-quarter profit compared with results a year ago that were fattened by a gain, but sales were up 1.7 percent.
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The media company said it lost $333.4 million in the fourth quarter on write-downs, the cost of newspaper spinoffs and weak ad sales.
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DST Systems Inc. on Wednesday posted  lower fourth-quarter results compared with a year earlier when  it reported a net gain associated with an exchange transaction.
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Performance Food Group Co. said Monday that earnings for the third and fourth quarters will fall below its previous estimates, in part due to the effects of the hurricanes that hit the Southeast.