Wachovia's 3Q Profits Increase 14 Percent
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Wachovia Corp. said Friday that third-quarter earnings rose 14 percent to $1.26 billion, or 96 cents a share, on gains in its wealth management and investment banking businesses.
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The nationâs largest brewer said an increase in international sales helped push its profit up 11 percent in the third quarter.
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Investment bank Lehman Brothers Holdings Inc. said on Wednesday first-quarter profit rose 14 percent, as real estate and strong equity markets helped lift trading profits even with weakness in subprime mortgages.
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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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Clothing maker and retailer Liz  Claiborne Inc. on Thursday posted a 14 percent increase in  third-quarter earnings, helped by its acquisition of ENYCE and  solid sales of brands such as Juicy Couture.
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The tobacco company reports a year-over-year increase of 5.9% in Q3 net sales.
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Walgreen Co.  on Monday said  quarterly profit rose 14.2 percent, aided by higher sales of  prescription medications, and said it would look at more  acquisitions as the drugstore industry consolidates.
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Wachovia Corp. , the No. 4 U.S.  bank, said on Thursday that second-quarter profit rose 14  percent, helped by a sharp increase in fee income.
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Clothing maker and retailer Liz Claiborne Inc. on Thursday posted a 14 percent increase in third-quarter earnings, helped by its acquisition of ENYCE and solid sales of brands such as Juicy Couture.
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Earnings for Nashville-based Renal Care Group Inc. were up 15 percent in the third quarter and 21 percent through the first nine months of this year.
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Wells Fargo &amp; Co. (WFC.N: Quote, Profile, Research) , the No. 4 US bank, on Tuesday said third-quarter profit rose 12 percent, helped by growth in both lending and sales of new products to existing customers.
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Washington Post Co. WPO.N said on  Friday that quarterly profit jumped, boosted by results at its  Kaplan education unit and television broadcasting operations.
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Procter &amp; Gamble Co. (PG) on Wednesday said quarterly profit rose 14 percent on strong sales in all regions, but shares fell because of industry issues and margin concerns.
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The digital video company produced strong profits in the third quarter.
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The results surpassed Wall Street's expectations in both sales and profit, with fourth-quarter earnings reaching $3 billion for the first time in the company's history.
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Gillette Co. said Thursday its third-quarter profit rose 14 per cent as customers traded up to its premium-line shaving and dental care products and it sold more Duracell batteries due to the recent hurricanes.
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The company said first-quarter profit rose 14 percent on strong sales growth across nearly all regions.