Chiron Reports Profit, But So What?
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Considering the debacle with the flu vaccine, Chiron&#39;s (Nasdaq: CHIR) earnings release announcing that it beat analyst expectations is more than somewhat superfluous.
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Shares of Chiron Corp. CHIR.O fell 7  percent before the market open on Friday, a day after the  biopharmaceutical company said it is delaying shipment of its  flu vaccine, Fluvirin, because lots containing 4 million  vaccines do not meet product sterility standards.
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Pernod Ricard, the liquor maker, said its annual profit rose less than forecast as a result of higher spending on advertising. Profit for the year ended June 30, excluding interest, taxes and amortization, was 1.26 billion euros ($1.6 billion), missing some analystsÂ estimates. Net income rose 32 percent, to 639 million euros. The results are the first full-year numbers since Pernod bought Allied Domecq for $13 billion last year. Pernod, which is based in Paris, said it increased its marketing spending during the year to 1.04 billion euros from 593 million a year earlier.
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By Wan Zhihong  Sinochem Corp's profit jumped 62 percent to a record high while sales climbed 23 percent in the first four months of the year.  The Beijing-based company's 2006 profit rose 27 percent to 4 billion yuan from a year earlier.
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A grand jury subpeona for records about its flu vaccine points to possible criminal violations. Next: A flood of civil suits. Over the last year-and-a-half, Chiron (CHIR ) had been making strides in reinventing itself.
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US regulators found &quot;deviations&quot; from good manufacturing standards at Chiron Corp.&#39;s British flu-vaccine plant in June 2003, a newspaper reported Monday.
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Profits abound, but free cash flow goes missing.
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The furniture company's profitability is better than expected, but for how long?
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This firm's valuation prices in big results from an as-yet unproven resource.
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Chiron Corp. eked out a profitable third quarter despite the disastrous loss of its entire US flu vaccine stockpile, which dragged revenues down and single-handedly wiped out 36 cents in per-share earnings.
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Steelmaker reports big profits, disturbing trends.
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Plus: HP profit gains on cost cuts, cheaper components...Dell execs skewed numbers to meet earnings targets...Applied Materials posts lower quarterly profit.
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Plus: Outstanding earnings for Apple...Xerox profits from color printers...Alltel profit, revenue rise...SanDisk earnings top estimates.
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The giant chemical company reports satisfactory earnings, despite a flurry of charges.
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The condiment maker offers tasty earnings numbers.
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(10/22/04)âChiron Corp. Wednesday reported net income of US$23.5 million, or $0.12 for the third quarter, compared with a loss of $19 million, or $0.
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Chiron Corp. cut its 2004 earnings outlook Tuesday by more than $1 per share after British regulators suspended the drug maker&#39;s manufacturing license, preventing the company from selling its Fluvirin vaccine against influenza in any country this winter.