Addvantage Profit Falls, but Revenue Sets Record
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By Staff Reports  The cable TV equipment company ends fiscal '06 with a tough quarter.   Profits fell in fiscal 2006 at Addvantage Technologies Group Inc. as income totaled $4.8 million, down from $5.8 million the previous year despite strong revenue.
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The company reported a sharp decline in its fourth-quarter profit compared with results a year ago that were fattened by a gain, but sales were up 1.7 percent.
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The Washington Post Co. said today its fourth-quarter profit was down 6.7 percent to $95.5 million, from $102.4 million in 2005, despite a 10 percent gain in revenue.
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Sales rise, but earnings and margins are on the fritz.
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The manufacturer said earnings fell 54 percent from a year-ago period which included its former health-care and electronics units. Adjusted profit topped Wall Street expectations by a wide margin.
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Annual results show a drop in profits despite better efficiency.
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In a Feb. 1 story about Electronic Arts Inc.'s earnings, The Associated Press reported erroneously that third-quarter sales had dropped 38 percent. It was profits that dropped by that margin.
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The contract electronics manufacturer posted a 90 percent drop in quarterly net profit, but earnings excluding special charges were higher than expected.
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The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales.
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British drinks giant Diageo reported a small fall in annual headline profits before tax, which were crimped by the strength of sterling.
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The New York Times Company said yesterday that its profit for the year would fall short of what it had initially forecast, a casualty of higher costs and of advertising revenue that has
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The casino operator posts a drop in earnings amid construction.
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Profit for the managed care provider matched the expectations of analysts, though revenue came in below the $7.17 billion expected.
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The Washington Post Co. said yesterday that its fourth-quarter profit was down 7 percent, to $95.5 million from $102.4 million in the fourth quarter of 2005, despite a 10 percent gain in revenue.
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An extra week in the quarter helped increase newspaper ad sales, but the company forecast a continued decline in circulation revenue this year.
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DuPont Co. DD.N, the No. 2 U.S.  chemical maker, said on Tuesday its fourth-quarter profit fell  from a year ago when it posted a large tax gain, but it  forecast earnings growth in 2005.
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Slot machine maker International Game Technology (IGT.N: Quote, Profile, Research) on Tuesday said adjusted quarterly earnings beat Wall Street estimates, but net profit fell on charges for the early repayment of debt.