Citigroup Posts 12% Profit Rise and Sees Slowing Growth
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Citigroup reported a 12 percent increase in its fourth-quarter earnings today, but it tempered expectations for the coming year.
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United Parcel Service Inc. reported a 7.5 percent increase in fourth-quarter earnings, but said that profit growth would slow this year.
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Cigna said its fourth-quarter profit rose more than 10 percent as medical spending fell.
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Citigroup Inc., the nation's largest financial institution, reported record quarterly earnings on Thursday and said it was working to resolve outstanding legal and regulatory issues.
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The advertising services company reported a 13 percent rise in quarterly profit, but the company also issued cautious comments about the economy.
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The tobacco company reports adjusted EPS growth of 12% versus its year-ago quarter.
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Carnival Corp & Plc   posted a better-than-expected 12 percent rise in quarterly profit on Thursday on stronger pricing and the introduction of new ships during the busy summer cruise season.
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Nasdaq Stock Market Inc , the second-largest U.S. equities exchange, said on Wednesday that quarterly profit rose 12-fold, helped by a gain from the sale of its stake in the London Stock Exchange .
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In NEW YORK story headlined "UPDATE 4-Citigroup profit  rises 12 percent, cautious on 2005," please read in paragraph  11 "Citigroup shares fell 51 cents, or 1.1 percent, to  $47.50..." instead of "...to $37.50.
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Citigroup Inc. , the world&#039;s  largest bank by market value, on Monday said second-quarter  profit rose, helped by growth in corporate and investment  banking.
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The investment firm posts a strong profit report, but shares slid.
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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  but its shares fell as investors failed to account for the  effect of the expensing of stock-based compensation in  assessing the earnings.
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Healthy sales of software and technology services helped fourth-quarter profit rise 12 percent at I.B.M., which had already disclosed that the results would be way ahead of analystsâ forecasts.
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Carnival Corp & Plc   posted a better-than-expected 12 percent rise in quarterly profit on Thursday on stronger pricing and the introduction of new ships during the busy summer cruising season.
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Viacom Inc., the third-largest US media company, said third-quarter profit from continuing operations rose 12 percent, boosted by advertising gains at CBS and MTV.
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Citigroup Inc. , the world's largest financial services company, on Thursday said fourth-quarter profit rose, helped by growth in its consumer business.
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Yum Brands reported a 12 percent rise in quarterly net earnings and nudged up its profit forecast for the year.