Corus profit falls on costs
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Anglo-Dutch steelmaker Corus CS.L   CS.AS met forecasts with a 32 percent decline in first-half   core earnings but its shares fell after it warned there was no   sign of a let-up in cost pressures.
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Anglo-Dutch steelmaker Corus has said that group net profits plunged more than 62 percent during the first-half of the year owing to higher raw material and energy costs, as well as lower selling prices.
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ConAgra Foods Inc. CAG.N on Thursday   posted lower quarterly profit from continuing operations as   costs for ingredients and energy increased and it spent more to   ramp up marketing and overhaul its business.
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The Coca-Cola Company said yesterday that profit fell 22 percent after its largest bottler wrote down the value of its North American unit on reduced soda sales and higher raw material costs.
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Chevron Corp. , the No. 2 U.S.  oil company, said on Friday its fourth-quarter profit fell,  pulled down by weaker natural gas prices and refining margins.
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Two large Wall Street firms - Morgan Stanley and Bear Stearns - reported a fall in quarterly profits yesterday in sharp contrast to rival players who presented an upbeat performance the day before.
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Hain Celestial Group Inc. said Wednesday that fiscal first-quarter net income fell slightly as the company incurred higher costs for ingredients and freight.
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NEW YORK  - North American brewers Adolph CoorsCos.  and Molson Inc. , which have agreed tomerge, reported lower-than-expected quarterly profits onThursday on weak sales in their home markets.
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Altria Group Inc.  posted lower quarterly profit on Wednesday, due in part to costs for closing a U.S. cigarette plant as it moves some production to Europe to cut costs and reduce excess capacity.
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Shares of Lowe's Cos  fell more than 5 percent on Tuesday after the home improvement retailer cut its profit forecast for this year amid the slumping U.S. housing market.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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UTStarcom Inc. on Tuesday said its third-quarter profit plummeted, but beat Wall Street expectations. The networking products company reported earnings of $5 million, or 4 cents per share, down from $59.
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Corus Group Plc, the UK&#39;s biggest steelmaker, expects to report its first full-year profit after increasing prices four times since January.
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Sears, Roebuck and Co. on Thursday said quarterly profit fell sharply compared with a year earlier, when the department store operator had a gain from the sale of its credit card business, but the profit topped forecasts as the retailer slashed costs.
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External cost pressures dragged on the company's first-quarter results.
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Toll Brothers said its first-quarter profit fell 67 percent as a result of lower sales, write-downs and other costs.
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LONDON (Dow Jones/AP) -- Corus Group PLC, one of the world&#39;s largest makers of steel, Thursday reported a profit for the first time in its five-year history.