Constellation Brands 1Q profit falls
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Wine producer Constellation Brands Inc. said Thursday its fiscal first-quarter profit fell 64 percent, as it reduced distributor wine inventories in the United States and posted softer results from its United Kingdom operations.
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Two large Wall Street firms - Morgan Stanley and Bear Stearns - reported a fall in quarterly profits yesterday in sharp contrast to rival players who presented an upbeat performance the day before.
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BP Plc posted a 1 percent drop in quarterly post-tax profit to $6.087 billion as production fell and refinery outages prevented the oil giant from taking full advantage of near-record refining margins.
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Fisher &amp; Paykel Appliances Holdings Ltd., New Zealand&#39;s biggest home appliance maker, said first-half profit fell 1.2 percent because of a decline in sales in its largest markets, and higher costs for steel and plastics.
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The company reported a sharp decline in its fourth-quarter profit compared with results a year ago that were fattened by a gain, but sales were up 1.7 percent.
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Pepsi Bottling Group Inc  said on Tuesday that quarterly net profit fell, as it took charges related to restructuring and disposing of some vending machines.
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Electronics testing equipment  maker Agilent Technologies Inc.  said on Thursday that its  first quarter earnings fell from a year earlier, when the  company reported a large gain from the sale of its  semiconductor products business.
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Third-quarter profit fell 1 percent, as stronger sales of almost all of the companyâs key drugs could not offset higher production costs and taxes and a restructuring charge.
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Torstar Corp., which publishes Canada&#39;s biggest daily newspaper, said third-quarter profit fell 62 percent because of declining sales at its book-publishing unit and costs for employee buyouts at the Toronto Star.
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The contract electronics manufacturer posted a 90 percent drop in quarterly net profit, but earnings excluding special charges were higher than expected.
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Pharmaceutical wholesaler McKesson  Corp  reported on Thursday that its quarterly profit  fell 17 percent as results were hit by charges and lower profit  margins on generic drugs.
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Cosmetics maker Estee Lauder Cos. Inc.   posted a lower quarterly profit on Wednesday, dragged  down by a restructuring charge and a settlement with the U.S.  Internal Revenue Service.
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The newspaper publisher and television station operator said fourth-quarter profit dropped 70 percent, hurt by a write-down and less political advertising revenue.
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Clothing maker Kellwood Co.  said on Friday that quarterly profit fell by 50 percent, hurt by restructuring charges.
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Flextronics International Ltd.,  the No. 1 contract electronics manufacturer, on Monday posted a  quarterly profit versus a year earlier loss but a weak forecast  due to weakening consumer and communications demand sent shares  down nearly 8 percent.
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Lehman Brothers, the first of the big US investment banks to report results, unveils a dip in quarterly profits.
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Clothing maker Kellwood Co.   said on Friday that quarterly profit fell by 50 percent, hurt  by restructuring charges.