Update 2: Clear Channel Earnings Plummet 60 Percent
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Clear Channel Communications Inc.&#39;s third-quarter profit fell nearly 60 percent from the same period in 2003, which had been inflated by the nation&#39;s largest radio station operator&#39;s sale of its stake in a Spanish-language broadcasting network.
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Clear Channel Communications Inc. , which has agreed to be bought by two private equity firms and the company's founding Mays family, posted better-than-expected quarterly earnings on Friday as radio broadcasting revenue and outdoor advertising sales rose.
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Krispy Kreme Doughnuts said second-quarter net income fell 55 percent to $5.8 million, the latest reported setback for the one-time Wall Street darling.
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Quality Distribution is hammered after reporting a large loss for the second quarter.
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Clear Channel Communications Inc.  CCU.N, the largest U.S. radio station chain, on Friday posted  higher operating earnings although radio advertising revenue  slipped on weak sales to its automotive and telecommunications  customers.
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The profit decline by Sears Holdings, the combination of Sears and Kmart, will be the second consecutive quarter of steeply falling profits for the retailer.
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Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.
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Tribune said its third-quarter earnings dropped 7 percent, beating expectations, adding that the housing slump and lower consumer spending worsened advertising revenue.
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NVR, the Washington area's largest home builder, yesterday reported that second-quarter earnings plummeted 52 percent, a result of continued weak demand and excess inventory.
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The company's sales fall, pulling down its stock price.
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The nationâs number 2 buyer and backer of home mortgages saw a 45 percent drop in second-quarter profits after setting aside $300 million to account for bad loans.
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Have weak first-quarter earnings pulled the plug on this party?
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Clear Channel Communications Inc. , which has agreed to be acquired by two private equity firms and the company's founding Mays family, posted better-than-expected quarterly earnings on Friday as radio broadcasting revenue and outdoor advertising sales rose.
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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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UTStarcom Inc. on Tuesday said its third-quarter profit plummeted, but beat Wall Street expectations. The networking products company reported earnings of $5 million, or 4 cents per share, down from $59.
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Company will exit the flat panel TV market.
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Company follows up on promise of "immediate management changes" after disappointing earnings report, CNET News.com has learned.