Interpublic Reverses Loss Despite Lower Revenue
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Interpublic posted slightly lower quarterly revenue but swung to a profit as expenses fell and public relations clients increased spending.
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Sales were lower than expected, and the quality of earnings is in question.
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The smartphone maker said Tuesday that it swung to a loss in its fiscal second quarter as revenue fell and expenses rose.
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The book publisher reports slightly lower earnings as revenues rise.
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Adelphia Communications Corp., which filed for bankruptcy court protection in June 2002, restated financial results for three years and said its loss narrowed last year to $832.6 million.
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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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The New York Times Company reported a fourth-quarter profit of $53 million as revenue dropped, but it continued to fare better than most of its peers across the troubled newspaper industry.
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The underperforming E&P has sold itself off -- score another win for the activist funds.
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TiVo posted a small quarterly profit reversing a year-ago loss on higher revenue from subscribers to its digital video recording service.
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Manchester United reported lower annual profits of 27.9 million pounds from 39.3 milllion last time and warned future results would be affected by a drop in media revenues.
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Swiss International Air Lines reported a narrower loss for 2004 on Wednesday.
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Intuit Inc. posted a narrower net loss for its latest quarter as increased revenue from its QuickBooks accounting software helped boost results.
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D. R. Horton posted a loss of $128.8 million, or 41 cents a share, for the first quarter ended Dec. 31, in contrast to a year-earlier profit of $109.7 million, or 35 cents a share.
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Business software maker Novell Inc.  posted a preliminary quarterly profit on Tuesday, bouncing back from a year-earlier loss when it took a $38 million restructuring charge.
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Qwest Communications International  Inc. Q.N on Tuesday reported a smaller quarterly loss as it  cut costs in its long-distance business.
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The low-cost carrier reverses course, and results fly in the face of expectations.
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The mixed results in its latest earnings report may get lost in the wording.