Horizon downplays drop in profits
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Blames Xmas and stricken UK customer System builder and IT distributor Horizon Technology Group said today that revenue fell below expectations in the last quarter partly because of a dip in orders in December.â¦
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Raytheon reported slightly lower third-quarter profit yesterday, hurt by losses from a unit it is selling, and forecast next yearâs profit would fall below Wall Streetâs average estimate.
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Oil giant BP Plc  posted a lower-than-expected 12 percent drop in fourth-quarter profit on Tuesday as production fell and taxes rose but investors were disappointed by scaled back growth plans and rising costs.
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European stock markets fell on Wednesday on profit-taking after bumper gains made the previous day, and as investors tracked a fresh batch of earnings news, dealers said.
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Dow Chemical Co  on Tuesday reported a drop in quarterly profit that was not as steep as analysts had expected as growth overseas helped offset weak U.S. housing and auto markets and spiraling energy and raw material costs.
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Energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits slumped owing to lower output, weak US gas prices and refinery outages.
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U.S. oil and gas producer XTO Energy Inc.  on Tuesday said its fourth-quarter profit fell as lower natural gas prices weighed on results.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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U.S. stocks fell on Friday on concerns   that slowing economic growth would hurt corporate profits,   especially among large industrial corporations like Caterpillar   Inc.CAT.N
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The Sun always shines Horizon Technology has reported revenue of â¬131.2m for the first half of 2006, up 29.5 per cent from the â¬94m posted for the same period last year.â¦
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Shares in car rental group Avis Europe drop 12% after it reports a slide in profits and warns that earnings will remain under pressure.
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Bradford & Bingley reports a sharp fall in profits after writing down the value of its sub-prime assets.
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns
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Declining oil prices and mounting safety spending sent BP PLC's fourth-quarter profit down 22 percent to a two-year low, the oil company said Tuesday.
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Profits take a plunge, but the stock price is stable.
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Diversified manufacturer Tyco  International Ltd. TYC.N on Tuesday said quarterly net profit  slipped on charges to pare debt and sell assets, and its shares  fell 4 percent on lower-than-expected sales and rising  inventory.
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Caterpillar Inc. , a maker of earthmoving equipment, on Friday said quarterly earnings fell more than expected due to lower sales of diesel truck engines, weakness in North American construction markets, and higher production costs.