Scana Third-Quarter Profit Falls
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US power company Scana Corp. (SCG.N: Quote, Profile, Research) on Friday said quarterly profit fell, citing litigation costs and a writedown related to an investment in a telecommunications business.
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Bank of America Corp , the second-largest U.S. bank, on Thursday said third-quarter profit fell 32 percent, a steeper decline than expected, hurt by mounting credit losses and the impact of volatile markets on its investment banking unit.
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Morgan Stanley  on Wednesday said third-quarter profit fell as the summertime freeze in mortgage and corporate loan markets forced the bank to mark loans down by $940 million, but shares held their own on optimism that financial markets may be starting to revive.
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Farming supply retailer Tractor Supply  Co. TSCO.O on Monday reported that its earnings fell in the  third quarter because of higher freight costs, higher costs for  steel and other commodities and a shift in sales to lower  margin hurricane-related items.
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Lennar Corp. , the  third-largest U.S. home builder, on Tuesday said quarterly  profit fell 39 percent, citing a steeper and  faster-than-expected decline in the U.S. housing market.
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The company said its third-quarter net income fell 29 percent as lower refining margins and gas prices were exacerbated by disruptions at some refineries.
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The electronics retailer said it swung to a third-quarter profit, overcoming lower revenue by cutting costs and selling more high-margin items.
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Farming supply retailer Tractor Supply Co.  on Monday reported that its earnings fell in the third quarter because of higher freight costs, higher costs for steel and other commodities and a shift in sales to lower margin hurricane-related items.
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Samsung Electronics Co. Ltd.'s  third-quarter operating profit has fallen around 10 percent  short of market forecasts due to weak sales of flat screens, a  source familiar with the company's business said on Friday.
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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.
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The investment bank said 3rd-quarter profit fell to $1.54 billion, hurt by a global credit crisis that cut into stock trading, corporate lending, and results from investments.
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Swedish truck maker Scania reported a 36.9 percent rise in third quarter net earnings Monday, which it attributed to bouyant sales.
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Lennar Corp. , the No. 3 U.S.  homebuilder, on Friday cut its third-quarter profit forecast  due to a deteriorating housing market, sending its shares down  nearly 3 percent in premarket trading.
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Morgan Stanley  on Wednesday  said its third-quarter earnings fell, reflecting damage caused  by the broad sell-off in mortgage and corporate loan markets  this summer, though revenue rose on strong investment banking  and stock trading.
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Gap says profit was lower for the past three months of the year, hurt by the costs of closing its Forth & Towne arm.
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The company reports a decline in same-store sales for the third quarter.
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Royal Bank of Canada reported a 5-per-cent drop in third-quarter profit yesterday mainly because of continued weakness in its US operations.