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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Humana profits from hiking fees
The health insurer made 41 cents a share, reversing a year-ago loss of a penny a share and beating views by a penny. Humana, a major provider of U.S. Medicare and military health plans, boosted its insurance premiums. However, shares fell 2% to 22.96 on concerns that the company couldn't build up private-sector accounts, which have fatter margins; the '04 outlook of $1.60-$1.65 a share also disappointed.
Boston Scientific taps global sales
The medical equipment maker earned 17 cents a share, 6% higher than last year and a penny over views. Net sales rose 15% to $939 mil, as international demand rose for its drug-coated stents. U.S. sales fell 4%. The company expects to win U.S. marketing approval for its Taxus device and launch it in the U.S. this quarter, joining Johnson & Johnson. Shares rose 1%.
Aventis talking to U.S. investors
The French drug group is talking to U.S. investment group Blackstone about selling parts of its business for $1.86 bil. Blackstone, which recently made a friendly bid for German firm Celanese, isn't likely to be a "white knight" for helping Aventis fight off rival drug firm Sanofi's $58 bil hostile takeover advance.
- Comcast Net Up, but Shares Down on Subscriber Loss; Comcast posts a 28 percent...
- Magazine article from: eWeek Adegoke, Yinka July 26, 2007 700+ words
...on Thursday, but its shares fell nearly 7 percent as...Time Warner Cable Inc. shares fell by 6.3 percent while...share, a year earlier. Revenue rose 31 percent to $7...100-mark. Comcast shares fell 6.6 percent to $26...
- A disappointing quarter for 3M; 3M shares fell 5 percent on slack quarterly...
- Newspaper article from: Star Tribune (Minneapolis, MN) DePass, Dee July 26, 2006 700+ words
...Steve Tusa told officials during a teleconference. 3M's shares fell $3.58 to close at $68.11, off 5 percent and a new...responsible for LCD films. The division's quarterly revenue rose 6.7 percent to $912 million, but operating income fell...
- Slow sales growth hits Hershey stock: The candy-maker's shares lost 93 cents as...
- Newspaper article from: Philadelphia Inquirer (Philadelphia, PA) April 21, 2006 700+ words
Byline: Harold Brubaker Apr. 21--Hershey Co.'s shares fell nearly $2 in trading yesterday after the nation's largest candy-maker reported lackluster first-quarter sales growth of...
- Salesforce.com Q3 Profit Rises; Shares Down; Salesforce.com posted a quarterly...
- Magazine article from: eWeek November 15, 2007 700+ words
...looking for a profit, on average, of 11 cents per share. On that basis, profit was in line with Wall Street expectations. Revenue rose 48 percent to $192.8 million. It was expected to be $190.6 million, based on the average of Reuters Estimates forecasts...
- The Consumer Is Spooking The Equity Markets.
- Press release article from: M2 Presswire November 1, 2006 700+ words
...Pringles and Head & Shoulders, posted a 33 percent increase in its fiscal first-quarter profit as revenue rose 27 percent. The shares fell 67 cents to $63.14 after investors frowned on the company's forecast. International Business Machines...
- Time Warner Cable 2nd-quarter profit rises
- News wire article from: AP Online July 29, 2009 700+ words
...on average, expected. Revenue rose 4 percent to $4.47 billion...analysts expected. Subscription revenue rose 6 percent. But its shares fell 56 cents, or 1.7 percent...in morning trading. Video revenue rose 3 percent to $2.7 billion...
- Microsoft posts higher quarterly earnings as growth stabilizes.(Business)
- Newspaper article from: Manila Bulletin October 23, 2004 700+ words
...Thursday posted higher quarterly earnings as revenue rose 12 percent, but its shares fell after the worlds largest software market said...or 24 cents per share, a year earlier. Revenue rose to $9.19 billion from $8.22 billion...
- Current Research on ChipMOS TECHNOLOGIES (Bermuda) LTD.
- Press release article from: M2 Presswire March 16, 2007 700+ words
...hurt by charges, as revenue rose. The company posted a...convertible notes discount. Revenue rose 38 percent to $181 million...or 56 cents per share. Revenue rose 34 percent to $625.1 million. Shares fell 42 cents, or 5.6 percent...