Clear Channel Posts Quarterly Profit
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Clear Channel Communications Inc.  CCU.N, the top U.S. radio conglomerate, on Friday posted a  quarterly profit but said radio advertising continued to  suffer.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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By PAUL GORES  Journal Communications Inc. said Wednesday that fourth-quarter profits last year rose almost 40%, aided by an extra week in the quarter.  Net income was $23.4 million, or 33 cents per share, compared with $16.7 million, or 23 cents, in the final period of 2005.
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Circuit City Stores Inc. CC.N on   Wednesday reported higher-than-expected quarterly profit,   driven by strong sales of flat-panel televisions and laptop   computers during the back-to-school shopping season, and   fine-tuned its sales forecasts higher.
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Clear Channel Communications Inc. (CCU.N: Quote, Profile, Research) , the largest US radio station chain, on Friday posted higher operating earnings although radio advertising
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Comcast Corp. CMCSA.O, the largest  U.S. cable operator, on Wednesday posted a quarterly profit  that fell short of Wall Street forecasts but reported  better-than-expected gains in high-speed Internet customers.
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Comcast Corp. CMCSA.O, the largest  U.S. cable operator, on Wednesday posted a third quarter profit  on better-than-expected gains in high-speed Internet customers  and raised its full-year outlook for subscriber growth.
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OfficeMax Inc  posted a  better-than-expected quarterly profit on Tuesday, helped by  lower expenses and improved margins.
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Colgate-Palmolive Co  on Tuesday posted higher quarterly profit, helped by strength in emerging markets and improved margins and savings from cost-cutting measures.
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Kimberly-Clark Corp.  posted a  higher quarterly profit on Tuesday as savings from its  restructuring plan helped offset higher fiber costs, and raised  its full-year earnings forecast.
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Verizon Communications Inc  reported a better-than-expected quarterly profit on Monday driven by strong wireless subscriber growth, though analysts were unimpressed by its Internet subscription sales.
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Clear Channel Communications Inc.  CCU.N, the largest U.S. radio station chain, on Friday posted  higher operating earnings although radio advertising revenue  slipped on weak sales to its automotive and telecommunications  customers.
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SAN ANTONIO -- Clear Channel Communications Inc., the nation's largest operator of radio stations, said Friday its fourth-quarter earnings tumbled 54 percent ahead of an $18.7 billion planned buyout by a group of private equity firms.
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Clear Channel Communications Inc.&#39;s third-quarter profit fell nearly 60 percent from the same period in 2003, which had been inflated by the nation&#39;s largest radio station operator&#39;s sale of its stake in a Spanish-language broadcasting network.
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The company said quarterly net profit jumped to 73.7 billion yen, or $646.7 million, as sales of digital cameras, televisions and other electronics more than offset losses at its video-games unit.
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Campbell Soup Co.  posted higher quarterly profit on Friday, helped by higher prices, and raised its full-year profit forecast.
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The home furnishings retailer reported quarterly profit of $25.97 million on an improvement at its Pottery Barn chain, sending its shares up as much as 11 percent.