Regis's Profits Recede
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Company gives itself an earnings forecast haircut.
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Merck &amp; Co. profits plunged in the third quarter in the wake of the recall of its Vioxx arthritis drug and Eli Lilly &amp; Co.
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European equity markets gave back some of their recent gains on Tuesday as profit taking followed the previous session's run up to near four month highs.
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There was stellar revenue growth, but margins and stock compensations pulled the bottom line down.
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Stocks declined on Monday, hit by profit-taking in large technology companies, including Microsoft Corp. , in the last trading session of the year.
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The newspaper publisher said earnings fell because of slumping real estate ads and a tough comparison with year-ago profits that were boosted by heavy political advertising.
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The mixed results in its latest earnings report may get lost in the wording.
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For its third quarter ended Sept. 30, the New York satellite radio broadcaster lost $169 million, or 14 cents a share. That compares with a year-ago loss of $107 million, or 11 cents a share.
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Quarterly net profit fell to $81 million, from $133 million a year earlier, as the company took charges related to restructuring and disposing of some vending machines.
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By George Chamberlin , Daily Transcript Financial Correspondent. Early gains Monday eroded quickly and the financial markets finished the session mixed.
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Profits take a plunge, but the stock price is stable.
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EVP loses his E BEA Systems will restate almost a decade's worth of earnings to the tune of nearly $400m thanks to misallocation of stock to employees.â¦
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Regis Corp. RGS.N, the world's  largest hair salon owner and franchiser, on Tuesday reported a  21 percent rise in quarterly profit, helped by strong sales  growth in its outlets, such as in Wal-Mart stores.
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Gross margin fell during the quarter because of increased use of its loyalty program.
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Slashed earnings estimate pulls down shares.
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Chairman dethroned Research in Motion will restate three years of earnings following an internal stock options probe, the company said today. The aggregate effect of the revisions will lop $250m off RIM's historic earnings.â¦
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Radio One yesterday restated its financials for 1999 through 2005, reducing profit by about $10.1 million because of inaccuracies in recording stock options in those years. The company also said it was increasing its 2006 loss by $246,000 for the same reason.