DuPont Co. Reports Flat 2nd-Quarter Earnings
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The chemical giant reported second-quarter earnings similar to year-ago results as higher sales were offset by the cost of energy and accelerated biotech research.
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Upscale apparel and shoe retailer Nordstrom Inc. said Thursday second-quarter earnings rose 62 percent over last year, but the stock fell more than 6 percent in after-hours trading after it missed analysts&#39; estimates.
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Blog: Net income for the second quarter was $925 million, or $2.93 a share, up from $721 million, or $2.33 a share, a year earlier.
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Merck & Co.  on Wednesday stood  by its forecast of flat earnings for 2006 and projected  slightly higher 2007 results, in line with Wall Street  expectations, as the drugmaker grapples with generic  competition for a number of its medicines.
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DuPont Co.'s  second-quarter  profit fell as price hikes for its products failed to offset  increases in energy costs, the No. 2 U.S. chemicals maker said  on Tuesday.
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DuPont has its third consecutive quarter of higher revenue and earnings.
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Regional brokerage AG Edwards Inc. on Thursday reported fiscal second-quarter earnings rose on the year but still missed Wall Street expectations due to the sluggish pace of equity markets.
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Steelmaker Nucor Corp.  said on Monday it expects second-quarter earnings to be well below Wall Street expectations, hurt by lower shipments from its bar mill group.
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The fragrance distributor's sales exceed guidance, but earnings remain flat.
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The giant chemical company reports satisfactory earnings, despite a flurry of charges.
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Sales are flat for the company, but the valuation still appears to be fair.
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Chemicals group DuPont Co.  said on Monday it expects 2006 net earnings per share of $3.25, helped by 39 cents per share, or $370 million, in one-time items, up from its it previous estimate of $2.86 per share.
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Chemical maker DuPont Co  on Wednesday increased its 2007 financial outlook to reflect stronger-than-expected results in the fourth quarter and also raised expectations for 2008.
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DuPont Co. DD.N posted a quarterly  profit on Tuesday but warned that high energy prices will  dampen global economic growth for the rest of the year.
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Insurance and banking group Allianz reported a 7 percent drop in second-quarter net profit Monday as lower interest earnings offset an improved performance by its Dresdner Bank subsidiary.
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U.S. stocks finished little changed on  Wednesday after comments from the U.S. Federal Reserve left  investors expecting a rate increase in December, while  technology stocks slid following disappointing earnings from  bellwether Cisco Systems Inc. CSCO.O.
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The Pepsi Bottling Group posted a profit on Tuesday that beat Wall Street estimates by a penny, despite flat volume.