Allstate Earnings Fall Short as Profit Rises
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The Allstate Corporation announced 16 percent profits in the second quarter but missed analyst estimates for operating earnings by 4 cents a share.
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Luxury home builder Toll Brothers  said quarterly profit fell 79 percent, hurt by the U.S. housing slump, but its shares rose on Thursday along with its sector after government data showed a better-than-expected rise in new home sales.
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The newspaper publisher reported a fourth-quarter profit after a loss a year ago, but it continued to be hurt by the housing slump in California and Florida.
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Allstate Corp. on Wednesday warned its third-quarter profit would be a fraction of Wall Street expectations after the insurance firm said it sees more than $1 billion in catastrophic losses from recent hurricanes.
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Allstate Corp. , the largest  publicly traded home insurer in the United States, said on  Tuesday that quarterly earnings rose 16.5 percent, helped by  low catastrophe losses.
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Allstate Corp. , the largest publicly traded home insurer in the United States, said on Tuesday that quarterly earnings rose 16.5 percent, helped by low catastrophe losses.
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Allstate Corp said on Tuesday that catastrophe losses for October and November due to California wildfires and storms could run as high as $400 million -- and would hurt fourth quarter earnings.
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The investment firm posts a strong profit report, but shares slid.
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Electronic Data Systems Corp. EDS.N  on Monday posted a higher-than-expected profit thanks to cost  cutting, but it forecast 2005 earnings would fall short of  analysts' estimates as it hopes to bring back growth by  investing $1 billion in key areas this year.
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Procter & Gamble Co. PG.N 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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Non-operating gains help Allstate post a quarterly earnings gain.
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The aluminum maker extended its takeover offer to rival Alcan and said second-quarter profit slipped by nearly 4 percent
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Allergan Inc.  on Monday posted a quarterly profit on growing sales of eye medicines and its Botox anti-wrinkle product, but warned that 2005 earnings will fall short of Wall Street expectations.
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Deere & Co. DE.N on Tuesday said  quarterly earnings rose 30 percent on strong demand, higher  selling prices and increased efficiency, but the farm equipment  maker fell short of analysts' estimates and gave a weak  forecast, sending its shares down 3 percent in early trading.
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Caterpillar Inc. CAT.N reported  higher quarterly earnings on Thursday as the U.S. economic  recovery spurred sales of its heavy construction machinery and  diesel engines, but results fell short of analysts' estimates,  sending its shares down nearly 5 percent.
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Alltel Corp. reported Tuesday that profits from its wireless business rose as it built sales and added customers in its fourth quarter, but overall earnings slid 12 percent, showing the effect of Alltel's spinoff of its traditional phone business.
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The manufacturerâs fourth-quarter profit jumped to $2.5 billion due to a large gain on the sale of its Bobcat machinery division, but results fell short of Wall Street forecasts.