Heinz Profit Up 6 Percent, Lifts View
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H. J. Heinz Co. said Friday its fiscal first-quarter earnings grew 6 percent, driven by double-digit growth in ketchup, beans, soups and Smart Ones meals, and the ketchup maker raised its outlook for the full year.
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IBM reported a better-than-expected 24  percent rise in preliminary quarterly earnings on Monday on  strong sales in overseas markets, driving its shares up 6  percent and spurring a broader tech rally.
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Ketchup maker HJ Heinz Co. (HNZ.N: Quote, Profile, Research) on Tuesday reported a 9 percent drop in quarterly profit after spinning off some brands, but demand for new items like Ore-Ida Extra Crispy fries helped to boost sales.
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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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Pepsi Bottling Group Inc.  reported higher-than-expected profit on Tuesday, helped by cost controls and price increases, and raised its full-year forecast, sending its shares up more than 4 percent.
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Ketchup maker H.J. Heinz Co. HNZ.N on  Tuesday said quarterly profit rose 7.8 percent, excluding a  year-earlier tax benefit, as demand for new products such as  Ore-Ida Extra Crispy fries boosted sales.
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The Kellogg Company said yesterday that third-quarter profit rose 6.8 percent, topping analysts&#39; estimates by a penny a share, on sales of new cereals and snacks with reduced carbohydrates and sugar.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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The S&P 500 stock index touched a six-year high on Thursday as higher-than-expected earnings from investment bank Bear Stearns Co. Inc. , retailer Costco Wholesale Corp.  and other companies improved the outlook for steady profit growth.
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The French oil giant said fourth-quarter profit rose 62% to 3.6 billion euros ($5.23 billion) as oil prices rose and and new projects in Angola and Qatar raised production.
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Nestle SA, the world's biggest food and drink company, said Thursday its 2006 profit rose 14 percent after the company restructured some parts of the business and increased prices.
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H.J. Heinz Co  on Friday forecast quarterly profit higher than analysts' estimates, helped by higher prices and sales volume increases across its businesses.
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Kroger Co.  said on Tuesday that quarterly profit rose 15.8 percent and raised its 2006 earnings view, sending its shares to their highest level in five years, as the grocery chain benefited from remodeled supermarkets, lower prices and improved products.
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PepsiCo Inc.  posted a 61 percent rise in quarterly profit on Thursday, boosted by strength in its Frito Lay snacks business in the United States and growth abroad.
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Pepsi Bottling Group Inc.  on Tuesday said quarterly profit rose 9.5 percent, helped by price increases in several markets, leading the bottler to raise its full-year earnings forecast.
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IBM  reported a better-than-expected 24 percent rise in preliminary quarterly earnings on Monday on strong sales in overseas markets, driving its shares up 6 percent and spurring a broader tech rally.
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Pepsi Bottling Group Inc. , the largest bottler of Pepsi drinks, on Tuesday said quarterly profit rose on volume growth in the United States and Europe.