Reynolds American Profits in 4th Quarter
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Reynolds American Inc. , the No. 2 U.S. cigarette maker, on Tuesday posted a quarterly profit, compared with a year-earlier loss, helped by a restructuring and cost savings following the merger that formed the company last year.
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Beating analysts&#39; expectations and citing strong performance worldwide, SAP released preliminary fourth-quarter financial results on Monday, showing revenue will be about &#8364;3.25 billion ($4.8 billion), a rise of 10 percent compared to the same period last year.
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The advertising services company said fourth-quarter profit rose 13 percent to $313.9 million, slightly ahead of expectations, with revenue increases in the United States and internationally.
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Energy services company Baker Hughes  Inc. reported a higher fourth-quarter profit on Thursday as  high oil and gas prices helped drive demand for drilling and  oilfield services.
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Reynolds American Inc. RAI.N, the No.  2 U.S. cigarette maker, on Tuesday posted a quarterly profit,  compared with a year-earlier loss, helped by a restructuring  and cost savings following the merger that formed the company  last year.
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General Electric, driven by strong demand for jet engines and electric turbines, posted a 4 percent rise in net profit, meeting Wall Street expectations.
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Reynolds American Inc. , the maker of Camel and Kool cigarettes, on Monday posted a third-quarter profit and raised its expectations for the full year on tax benefits and cost savings.
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Fourth-quarter earnings rose 42 percent from a year ago as profit margins at its U.S. stores improved despite higher commodity costs.
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The brewer said fourth-quarter profit jumped 75 percent to $173.2 million, helped by a tax benefit and the weak dollar.
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- Reynolds American Inc. RAI.N, the  No. 2 U.S. cigarette maker, on Tuesday posted a quarterly  profit, compared with a year-earlier loss, helped by a  restructuring and cost savings following the merger that formed  the company last year.
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Fourth-quarter profit increased 4 percent as growing medical enrollment lifted revenue from health care premiums.
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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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Reynolds American Inc., parent of the  No. 2 U.S. cigarette company, on Wednesday forecast 2004 profit  of $5.75 to $6.05 a share -- its first forecast since the  company was formed at the end of July.
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Mylan releases its fourth-quarter financial results.
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Lehman Brothers reports fourth-quarter and fiscal-year earnings.
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Magna International, the Canadian auto parts maker, said that fourth-quarter profit fell 65 percent because of lower profit margins and one-time charges. It cut its quarterly dividend to increase cash on hand. Net income was $29 million, or 26 cents a share, down from $83 million, or 75 cents a share, a year earlier, Magna said. Sales rose 8.7 percent, to $6.4 billion. The company, cut its quarterly divided in half, to 19 cents a share, adding $84 million in cash to the $1.9 billion the company had on hand at the end of 2006. Excluding one-time items, Magna earned 99 cents a share, missing the $1.16 a share that was expected by Wall Street analysts.
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Duke Energy Corp. DUK.N on Wednesday  reported a fourth-quarter profit on strength at its natural gas  field services unit and its electric utility.