Belo Expects 4Q Profit to Meet Estimates
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Media company Belo Corp. estimated that fourth-quarter earnings Wednesday will likely fall in line with analysts&#39; figures. Belo, which publishes the flagship Dallas Morning News, said that it expects fourth
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The worldâs biggest maker of corporate storage gear said fourth-quarter profit rose to $525.7 million, from $388.8 million a year earlier, on strong revenue growth across a broad range of products.
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Bank of America Corp. met Wall Street&#146;s earnings expectations for the fourth quarter even as it continued to mesh its business with that of FleetBoston, the company said.
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Belo Corp. BLC.N said on Friday that  quarterly profit fell about 64 percent, weighed down by costs  connected to a recent scandal involving inflated circulation  data at its Dallas Morning News newspaper.
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HBOS , Britain's biggest mortgage lender, said profits are on track to rise 4 percent this year but it will take a 180 million pound ($367.7 million) hit on the value of assets due to the credit crunch, which will also hurt margins.
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The Royal Bank of Scotland (RBS) -- which is fronting a European consortium&#39;s takeover bid for Dutch giant ABN Amro -- said on Tuesday that first-half earnings would beat market expectations.
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Media company Belo Corp. on Monday said it would refund &#36;23 million to advertisers because of a circulation scandal at its Dallas Morning News newspaper, resulting in a charge against earnings in the current quarter.
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Earnings meet analyst expectations, and company continues to gain momentum through wireless and fiber-to-the-home business.
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Capital One Financial Corp.  said on Thursday it expects to report fourth-quarter earnings of around 60 cents per share, and warned that its full-year results would fall below its previous outlook.
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The airline said fourth-quarter net income rose to $111 million compared to a year-earlier profit of $57 million, But it warned that fuel costs in the current quarter will rise substantially.
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Motorola Inc  on Thursday posted third-quarter earnings above Wall Street estimates and forecast a profit for the fourth quarter, raising expectations the mobile handset maker had begun to turn its business around.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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The layoffs are expected to come by November First, with most coming at Belo&#39;s flagship newspaper, The Dallas Morning News. Belo also says it&#39;s reassessing the future of its Dallas-based Texas Cable News television operation.
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Barclays PLC, Britain&#39;s third-biggest bank, said Thursday it is on track to meet analyst expectations of a full-year profit before tax of 4.5 billion pounds ($8.5 billion US), despite a flat performance from its domestic retail banking
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While the bank predicted that it would make a profit in the fourth quarter, analysts were concerned about the likelihood of additional write-downs.
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Media General Inc. said Tuesday it expects fourth-quarter and full-year earnings to exceed Wall Street estimates, primarily due to the robust performance of its broadcast division.
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The European Aeronautic Defence and Space Company said it expects full-year earnings in 2005 to be higher than 2.4 billion euros (3.2 billion dollars) on sales of 33 billion.