Abbott Profit Rises 61%
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Pharmaceutical maker Abbott Laboratories said its profit growth was driven by strong sales of migraine and Crohnâs disease treatments.
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Smithfield Foods Inc., the world&#39;s largest pork producer, said profit in the fiscal second quarter rose 61 percent as the company sold more hogs at higher prices.
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Department store operator Kohl&#39;s Corp. said Thursday that its profit grew 19 percent in the fiscal third quarter as new stores boosted revenue.
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NORTH CHICAGO, Ill. Abbott Laboratories has agreed to buy Colorado-based nutrition firm EAS for 320 (m) million dollars. The deal expands Abbott&#39;s growing stable of nutritional products.
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SPRINGFIELD - Gun maker Smith &amp; Wesson Holding Corp. said yesterday its fiscal first-quarter profit rose 39 percent due to strong firearms sales, contributions from a recent acquisition and the hunting season.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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Diversified industrial firm Ingersoll-Rand Co. on Thursday said its third-quarter profit rose 53 percent on a 15 percent gain in revenue.
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Sony Corp., the Japanese electronics and entertainment giant. said Thursday that its profit jumped 61.6 percent in the latest quarter on improved profitability in its mobile phone joint venture and gains in its movie business, led by &quot;Spider-Man 2.&quot;.
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The company said first-quarter profit rose 14 percent on strong sales growth across nearly all regions.
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Avon Productsâ profit soared 61 percent in the third quarter as the company enjoyed strong revenue growth across all divisions.
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Nike posts a 51% rise in quarterly profit, boosted by strong revenue growth and a one-time tax benefit.
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The Royal Bank of Scotland (RBS) said on Thursday that net profit rose by 15 percent to 6.2 billion pounds in 2006, boosted by its investment banking arm.
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Net income at the manufacturer grew 14 percent to $618 million, driven by growth in sales to commercial, defense and space markets.
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The EstÃ©e Lauder Companies posted a 22 percent increase in quarterly profit yesterday as higher sales of anti-wrinkle creams, hair-care and cosmetic products offset weaker fragrance purchases.
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Walgreen Co. , one of the largest U.S. drugstore chains, posted a 19.6 percent rise in quarterly profit on Monday, boosted by new stores and an inventory credit.
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Profits at the drugmaker increased 13 percent in the second quarter on higher sales of its arthritis drug and pneumonia vaccine.
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Insurer and fund manager AMP Ltd. , on Wednesday posted a better-than-expected first-half profit on higher investment returns and improved margins, and targeted a stronger performance for the remainder of the year.