Sina profit falls on charges, ads send revenue up
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China's biggest Internet portal Sina Corp. posted a lower quarterly profit on Wednesday due to charges, but revenue beat expectations as online advertising sales grew, and the stock rose 2 percent.
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Fourth-quarter profit fell 8 percent on declining advertising sales at the companyâs newspapers and television stations.
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The jeweler said 2nd-quarter net income fell to $37 million, hurt by a charge related to selling its Little Switzerland retail business, but sales beat expectations.
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Slot machine maker International Game Technology (IGT.N: Quote, Profile, Research) on Tuesday said adjusted quarterly earnings beat Wall Street estimates, but net profit fell on charges for the early repayment of debt.
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Brokerage firm A.G. Edwards Inc.  on Thursday said quarterly earnings rose 8 percent as expenses declined, but sluggish equity markets caused profit and revenue to fall short of analysts' forecasts.
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Gannett Co. Inc. , the largest U.S. newspaper publisher, said on Wednesday its quarterly revenue fell because of weaker advertising sales at its local papers, while profit rose with the sale of four papers.
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NEW YORK -- Dow Jones & Co., which is considering a bid to be bought by Rupert Murdoch's News Corp., reported lower second-quarter profits Thursday due to an accounting charge, but revenues and operating income rose.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Net profits up, per share profits down, share count up.
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CHICAGO -- Tribune Co. said Friday its revenue fell 5.9 percent last month on a continuing tailspin in classified advertising sales that resulted in an even steeper decline in its newspaper division.
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Advertising revenue was down by 8.5% in May; it has to find a way to stop the declines.
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The copper miner said its fourth-quarter earnings fell 3 percent from a slew of one-time charges and higher costs, despite surging revenue.
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Quarterly net profit fell to $81 million, from $133 million a year earlier, as the company took charges related to restructuring and disposing of some vending machines.
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American International Group Inc.,  said on Wednesday earnings fell 29 percent as revenues  declined, realized losses on investments widened, and business  in Asia trailed off.
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China's biggest Internet portal  Sina Corp. posted a lower quarterly profit on Wednesday due to  charges, but revenue beat expectations as online advertising  sales grew, and the stock rose 2 percent.
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By John Liu and Mark Lee  Sina, China's biggest Web portal, said fourth-quarter profit fell 15 percent, less than analysts expected, after the company broadened its online video range to attract visitors.
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Media conglomerate News Corp.  said on Wednesday its quarterly revenue rose 18 percent, helped by "Borat" box office sales and "X-Men" DVDs, but profit fell due to a one-time gain a year earlier.