(Reuters) - CHICAGO, April 25 - AmerisourceBergen Corp. reported higher quarterly profit on Wednesday as margins for its pharmaceutical distribution business increased.
The drug wholesaler, which late on Wednesday said the U.S. Drug Enforcement Administration had temporarily suspended its Orlando, Florida, distribution center's license to distribute DEA-controlled substances, posted net profit of $129.5 million, or 68 cents per share, for its fiscal second quarter, historically the company's strongest period.
Read more at Reuters.com Market News
Wednesday, April 25, 2007
UPS profit falls on charges for aircraft, layoffs
(Reuters) - CHICAGO, April 25 - Package delivery company United Parcel Service Inc. on Wednesday reported a lower quarterly profit due to a charge related to aging aircraft and voluntary layoff expenses.
UPS also reiterated its full-year outlook, saying U.S. economic growth has been softer than anticipated but growth outside the country has been "rapid."
Read more at Reuters.com Market News
UPS also reiterated its full-year outlook, saying U.S. economic growth has been softer than anticipated but growth outside the country has been "rapid."
Read more at Reuters.com Market News
Ambac first-quarter earnings fall
(Reuters) - NEW YORK, April 25 - Ambac Financial Group Inc., a bond insurer, said on Wednesday that first-quarter net income fell, hurt by declining investment income.
The Armonk, New York-based company said net income fell to $213.3 million, or $2.02 a share, from $221.1 million, or $2.06 a share, a year earlier.
Read more at Reuters.com Market News
The Armonk, New York-based company said net income fell to $213.3 million, or $2.02 a share, from $221.1 million, or $2.06 a share, a year earlier.
Read more at Reuters.com Market News
ConocoPhillips profit rises on gains from sales
(Reuters) - The company said the asset sales added about 29 cents per share in this year's quarter.
Total revenue in the quarter fell more than 10 percent to $42.87 billion.
Read more at Reuters.com Business News
Total revenue in the quarter fell more than 10 percent to $42.87 billion.
Read more at Reuters.com Business News
U.S. Stock-Index Futures Rise; PepsiCo, Amazon.com Advance After Earnings
(Bloomberg) -- U.S. stock-index futures gained on expectation earnings will keep beating analysts' estimates after PepsiCo Inc. and Amazon.com Inc. posted results that topped forecasts.
PepsiCo, the world's second-largest soft-drink maker, advanced as quarterly net income rose 16 percent. Amazon.com, the biggest online retailer, jumped after increasing its 2007 profit and sales forecasts. Of the Standard & Poor's 500 Index companies that have reported, more than two thirds have posted better first-quarter results than analysts anticipated.
Read more at Bloomberg Stocks News
PepsiCo, the world's second-largest soft-drink maker, advanced as quarterly net income rose 16 percent. Amazon.com, the biggest online retailer, jumped after increasing its 2007 profit and sales forecasts. Of the Standard & Poor's 500 Index companies that have reported, more than two thirds have posted better first-quarter results than analysts anticipated.
Read more at Bloomberg Stocks News
Polish Zloty Gains as Central Bank Raises Interest Rates to 4.25 Percent
(Bloomberg) -- Poland's zloty gained after the central bank raised interest rates for the first time in almost three years.
The zloty rose as Warsaw-based policy makers raised borrowing costs a quarter-point from a record-low of 4 percent, meeting the expectations of 15 out of 18 economists surveyed by Bloomberg News.
Read more at Bloomberg Currencies News
The zloty rose as Warsaw-based policy makers raised borrowing costs a quarter-point from a record-low of 4 percent, meeting the expectations of 15 out of 18 economists surveyed by Bloomberg News.
Read more at Bloomberg Currencies News
Gold Gains on Speculation Weaker Dollar Will Spur Demand; Silver Declines
(Bloomberg) -- Gold and silver gained on speculation a weakening dollar will increase investor demand for the precious metals.
Gold has climbed 7.7 percent this year and silver is up 6.8 percent as the U.S. currency lost value against the euro, pound and yen. Jewelers usually stock up on the metal this month for the wedding season in India, the world's biggest gold consumer.
Read more at Bloomberg Commodities News
Gold has climbed 7.7 percent this year and silver is up 6.8 percent as the U.S. currency lost value against the euro, pound and yen. Jewelers usually stock up on the metal this month for the wedding season in India, the world's biggest gold consumer.
Read more at Bloomberg Commodities News
Subscribe to:
Posts (Atom)
