Six Flags Posts 60 Pct. Drop in 3Q Profit
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Six Flags Inc., the world&#39;s second-largest amusement park operator, said Monday that third-quarter profit fell 60 percent as storms and wet weather led to lower attendance.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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The company reported a 53 percent drop in profit for the third quarter from results helped by a tax gain a year ago, but both earnings and sales beat expectations.
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Toys R Us Inc., the nation&#39;s second biggest toy retailer, reported a narrower third-quarter loss as a gain on the sale of Kids R Us stores boosted results despite a sales decline.
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Home appliance maker Maytag Corp.  MYG.N on Thursday reported an 80 percent drop in  third-quarter profit, hurt by higher steel and energy costs and  lower sales of its Hoover vacuums.
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Kmart Holding Corp.  on Monday  reported its third consecutive quarterly profit as cost cuts  made up for slumping sales, and its cash pile grew to about  $2.6 billion.
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Helped by the sale of its engineered products unit, the company posted a big profit in the third quarter, even though North American tire sales were down 6 percent.
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Troubled retailer Toys "R" Us Inc. reported Monday that the company swung to a profit in the latest second quarter, compared with a loss in the year-ago period.
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its  787 Dreamliner.
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Fourth-quarter profit fell by 9 percent as energy prices declined, but the company still ended up with its third consecutive year of record earnings.
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The BellSouth Corporation, the third-largest Bell operating company, said yesterday that profit dropped 14.6 percent in the third quarter as expenses rose because of this summer&#39;s hurricanes and costs at its Cingular Wireless division.
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TORONTO - Royal Bank of Canada has reported a drop in third-quarter profit --the first year-over-year decline in three years -- because of lower earnings at its US division, increased costs and a higher Canadian dollar.
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J Sainsbury, the third-largest supermarket chain in Britain, said Monday that first-half profit fell by about 66 percent as the company lost business to companies including Tesco and Wal-Mart Stores&#39; ASDA.
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JetBlue Airways Corp. , a low-fare carrier flying mainly on the East Coast, said third-quarter profit will be lower than it expected because of hurricanes that forced flight cancellations in Florida and high fuel costs.
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Goldman Sachs Group Inc. on Tuesday   said third-quarter profit fell less than expected as strong   investment banking results helped offset a summer slump in   trading, sending its shares to a three-month high.
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NEW YORK (Dow Jones/AP) -- JetBlue Airways Corp. said Thursday its profit plunged 71 percent in the third quarter, cut sharply by industry competition, record-high fuel prices and the effects of hurricanes.
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Troubled retailer Toys &quot;R&quot; Us Inc. reported Monday that the company swung to a profit in the latest second quarter, compared with a loss in the year-ago period.