Earnings Roundup Highlights Big Names and Varied Q3
Coke posted a 24 percent fall in quarterly profit to 935 million while revenue held at 5.66 billion. Google’s third quarter profit more than doubled to 52 million with 805.9 million revenue. Maytag, Sears and Microsoft also reported results with mixed outcomes and guidance. UPS announced Q3 profit of 890 million and projected Q4 EPS of 83 to 87 cents.
MENTIONED IN THIS ARTICLE
Atlanta
Coca-Cola Co
Coke
New York Stock Exchange
San Francisco
Google Inc
Mountain View
Chicago
Sears, Roebuck and Co
Hoffman Estates
Sears
UPS Inc
Scott Davis
UPS
Merck and Lilly face earnings hits amid drug setbacks
Merck profits plunged in the third quarter as Vioxx recall costs soared and Lilly widened layoffs to 1,000 due to Zyprexa sales declines. European peers fared better with Novartis up 21 percent and AstraZeneca up 51 percent. Lilly slid over 4 percent. Merck fell 0.5 percent while Novartis and AstraZeneca rose. Analysts warn blockbuster drugs are vanishing as patents expire and insurers resist pricey meds. Merck's Q3 net income dropped to 1.33 billion on 5.54 billion revenue with 552.6 million in Vioxx recall charges. Full-year EPS guidance trimmed. Lilly posted a 6 percent gain to 755.2 million in Q3.
MENTIONED IN THIS ARTICLE
New York
Merck & Co
Eli Lilly & Co
Novartis AG
AstraZeneca PLC
United States
Exanta
Lilly
Merck
Novartis
AstraZeneca
Schering-Plough Corp
David Moskowitz
Friedman Billings
Ramsey
Arlington
Whitehouse Station
Vioxx
Indianapolis
Eli Lilly
Blockbuster drugs prove problematic for Merck and Lilly
Merck & Co. saw third quarter profits fall after Vioxx recall while Eli Lilly & Co. plans 1,000 layoffs amid Zyprexa sales drop. Lilly reports 4 percent revenue rise to $3.28 billion, but Zyprexa fell 9 percent to $1.02 billion with U.S. bipolar sales down 22 percent to $557.3 million. Layoffs total about 1,000 plus 425 more as part of restructuring aimed at saving $150 million in 2005.
MENTIONED IN THIS ARTICLE
Thomson First Call
Lilly
U.S
Sidney Taurel
Crude prices steady as traders weigh supply signals
Oil futures held near unchanged as traders awaited signs of demand or supply shifts. Light crude settled at 54.47 in New York, Brent rose to 50.72 in London. November crude faded near 55 after expiring, with OPEC pledges not yet moving prices. Analyst Flynn cited Gulf of Mexico production losses over 400,000 barrels daily as a key factor.
MENTIONED IN THIS ARTICLE
London
New York Mercantile Exchange
Brent
International Petroleum Exchange
Nymex
Alaron Trading Corp
Phil Flynn
OPEC
Gulf of Mexico
Flynn
Qwest to settle fraud charge with $250M
Denver based Qwest will pay 250 million dollars to resolve SEC fraud claims alleging falsified books by at least 3.8 billion. The SEC described a scheme led by senior managers to book one time revenue through aggressive accounting. Qwest neither admits nor denies wrongdoing in the settlement which ends a 2.5 year investigation.
MENTIONED IN THIS ARTICLE
Denver
Qwest
SEC
Cable One Named Best Cable Provider in Basin
Cable One, active in the Odessa community, is praised by Odessa American readers as the Basin’s best cable provider. The company highlights same day install and repair, 24 hour customer service, online bill pay, HD channels, and ESPN HD as part of its services.
MENTIONED IN THIS ARTICLE
Cable One
Odessa American
Odessa
Cableone
Espn HD
Cable ONE Expands Faith Channels for Odessa Customers
Cable ONE adds Inspiration Network BYU Television 3 Angels Broadcasting Network and Family Net to digital service. Channels available in Digital Value Pak or free to digital customers. local to Odessa with active youth sports school and arts support. Customers without access urged to call for free addition.
MENTIONED IN THIS ARTICLE
Cable One
Odessa
Trinity Broadcasting
EWTN
Faith and Values
Inspiration Network
BYU Television
3 Angels Broadcasting Network
Family Net
Also Mentioned on This Page
Coca-Cola
Google
Maytag
Des Moines
Iowa
Maytag Corp
Dit
Microsoft
Seattle
Microsoft Corp
Redmond
Retutte Ete Operations
Ghost & Goblin
Texas
Susie
Terk Fe Bate Aa
Lane
San Ass
S. CO
Peridot Lowworldinc.com
Tween Midlans
Oer
Chok
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