SunTrust: Earnings restated for 2 quarters
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SunTrust Banks restated its first- and second-quarter earnings on Monday because of an error in how the bank accounted for loss reserves.
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SunTrust Banks Inc. (STI.N: Quote, Profile, Research) on Thursday said US securities regulators have started an informal inquiry into its decision to restate financial results for the first half of this year.
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Sears, Roebuck and Co.  on Tuesday said it would restate its fourth-quarter 2004 earnings, cutting them by 5 cents to 10 cents a share, due to an error in accounting for construction allowances.
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JPMorgan announces its second-quarter 2007 earnings.
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Fannie Mae has been ordered to restate its earnings for the past four years after an investigation by the Securities and Exchange Commission into the mortgage finance company&#39;s accounting practices.
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Sun Microsystems Inc.'s fiscal second-quarter profit nearly doubled to edge past Wall Street's estimates, reflecting the server and software maker's cost-cutting efforts and maneuvers to shore up demand amid fierce competition, the company reported Thursday.
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Sears, Roebuck and Co. S.N on  Tuesday said it would restate its fourth-quarter 2004 earnings,  cutting them by 5 cents to 10 cents a share, due to an error in  accounting for construction allowances.
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SunTrust Banks Inc. (STI.N: Quote, Profile, Research) , the No. 7 US bank, on Monday said it expects to restate first- and second-quarter profit higher, changing how it accounts for loan losses.
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ATLANTA - SunTrust Banks Inc. said Monday that it expects to restate earnings higher for the first and second quarters of 2004 due to changes in loan loss allowances, and plans to delay its third-quarter earnings
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The cardiovascular device maker said its second-quarter profit, excluding charges, was $271 million, or 18 cents per share, compared with $412 million, or 31 cents per share, a year ago.
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Sun Microsystems Inc. posted a small profit for its fiscal second quarter Thursday, but year-over-year sales continued to slide as the server and software maker struggled to gain back business it lost after tech collapse in 2001.
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UnitedHealth Group Inc.  said on Tuesday it completed an earnings restatement of up to $1.5 billion tied to its stock options accounting, sending its shares up as much as 3 percent on hopes an end to the scandal was in sight.
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SunTrust Banks Inc. STI.N, a large  southeastern U.S. bank, on Thursday said fourth-quarter profit  rose, helped by loan and deposit growth.
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SunTrust Banks Inc , a large  U.S. southeast regional bank, on Wednesday said fourth-quarter  earnings tumbled a larger-than-expected 98 percent, hurt by a  tripling of credit losses and a bailout of money market mutual  funds.
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Power company Dynegy Inc. (DYN.N: Quote, Profile, Research) on Wednesday said it will restate results for 2003 and the first two quarters of this year to reflect a goodwill impairment
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SunTrust Banks Inc. STI.N on Monday  said it put two senior finance executives on paid leave, and  expects to restate first- and second-quarter profit higher as  it fixes errors in how it accounts for loan losses.
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Freddie Mac yesterday reported that its second-quarter profit fell by nearly half, in part because it set aside more money to cover expected losses from defaults on mortgages.