Horizon downplays drop in profits
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Blames Xmas and stricken UK customer System builder and IT distributor Horizon Technology Group said today that revenue fell below expectations in the last quarter partly because of a dip in orders in December.â¦
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Plus: HP profit gains on cost cuts, cheaper components...Dell execs skewed numbers to meet earnings targets...Applied Materials posts lower quarterly profit.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell 9 percent, pulled down by weaker natural gas prices that have pared record earnings across the industry.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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Caterpillar Inc. , a maker of earthmoving equipment, on Friday said quarterly earnings fell more than expected due to lower sales of diesel truck engines, weakness in North American construction markets, and higher production costs.
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British energy giant BP, the world's third-biggest major, said Tuesday that net earnings fell last year despite soaring oil prices as it was hit by falling output after a turbulent 2007.
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Chevron Corp. , the No. 2 U.S.  oil company, said on Friday its fourth-quarter profit fell,  pulled down by weaker natural gas prices and refining margins.
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Noble Energy Inc.  said on Thursday its fourth-quarter profit fell as weakness in natural gas prices weighed on results.
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Oil giant BP Plc saw its third-quarter  profits reduced by energy trading losses after its dealers got  on the wrong side of volatile markets.
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Ford Motor Co. F.N on Tuesday said  earnings will fall this year due to a drop in profit from its  finance unit, which it expects to be hit by rising interest  rates.
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DALLAS -- Southwest Airlines on Wednesday reported a 17 percent decline in second-quarter profits as rising fuel costs weighed on results.
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BP PLC reported a 29 percent slump in third-quarter profits Tuesday due to higher maintenance costs and outages at key refineries, but some analysts said the worst might be over after a run of operational problems at Europe's second-largest oil company.
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Investors worried about third quarter earnings looked past a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue-chips dropped on profit warnings from Dow component Alcoa Inc.
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British energy giant BP has said that net profits dipped in 2006, reflecting a decline in production and refining margins, despite record peaks for crude oil prices in the middle of the year.
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns
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Second-quarter profit fell by  two-thirds at plane and train maker Bombardier Inc. BBDb.TO  as its regional aircraft business lagged a rebound in the  business jet market, the company said on Wednesday.
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Lucent Technologies Inc.  said  on Monday it expects third-quarter earnings to fall due mainly  to slower sales of wireless network equipment in North America,  in news that pushed down its shares.