ImClone Systems Swings to Loss
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The biotechnology company said it lost $916,000 in the third quarter on higher operating costs, including a $50 million charge for a patent lawsuit settlement.
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ImClone Systems Inc. (IMCL.O: Quote, Profile, Research) was raised to &quot;buy&quot; from &quot;neutral&quot; by SunTrust Robinson Humphrey because consensus estimates for sales of its cancer drug are more realistic than they were.
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Restructuring charges of $44 million contributed to Monsanto&#39;s reported fourth-quarter 2004 loss of $42 million, compared to a loss of $188 million in the same quarter last year.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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Intuit Inc., the maker of TurboTax tax-preparation software and QuickBooks accounting programs, posted a wider loss in its latest quarter on acquisition-related expenses.
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Still carrying the weight of costs related to last year's acquisition of graphics vendor ATI, Advanced Micro Devices Inc. recorded its fourth straight quarter of net losses Thursday.
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Digital video recorder maker TiVo on Thursday reported a wider quarterly net loss as it increased spending to accelerate subscriber growth.
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ImClone Inc. IMCL.O shareholders   gather on Wednesday for the company's annual meeting as it   looks to billionaire Carl Icahn to help it achieve stability   following a series of blows that could hurt sales and limit its   strategic options.
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Digital video recorder maker TiVo Inc. on Thursday reported a wider quarterly net loss as it increased spending to accelerate subscriber growth.
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Drugmaker Mylan Laboratories Inc.  posted a quarterly loss on Thursday on charges related to an acquisition, but reported adjusted profit that beat its previous forecast helped by sales of generic drugs for pain and bladder control.
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Biotech company ImClone Systems Inc.   IMCL.O said on Monday it had lost a patent decision made by   the U.S. District Court in Manhattan but intended to appeal   against it.
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MCI Inc.&#39;s (MCIP.O: Quote, Profile, Research) quarterly loss ballooned to $3.4 billion as the No. 2 US long-distance company wrote down the value of its assets due to
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The maker of digital video recorders reported a net loss of $17.7 million in the second quarter, which included an $11.2 million inventory write-off.
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The chip maker reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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The chip maker reported a net loss of $396 million, larger than Wall Street expected, but sales were up 23 percent on strong personal-computer demand.
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The company reported a loss of $369.9 million in its fourth quarter, citing higher taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs that would make five companies out of one.
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The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.