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Earnings roundup: Energizer, ADM
Among the earnings stories for Tuesday, Nov. 3, from AP Financial News:
ST. LOUIS (AP) — Consumer-goods company Energizer Holdings Inc. said its fourth-quarter profit declined amid charges for staff reductions as revenue also took a hit.
ST. LOUIS (AP) — Archer Daniels Midland Co. said its first-quarter profit tumbled 53 percent as the global recession dragged down demand for crops and ethanol, but demand is improving in some key markets.
NEW YORK (AP) — Corporate Executive Board Co. said its third-quarter profit fell 29 percent on weaker revenue, but the corporate strategy and human resources consultancy beat analyst expectations and shares gained.
FOOTHILL RANCH, Calif. (AP) — Skilled Healthcare Group Inc. said its profit grew 6 percent in the third quarter, but the nursing facility operator lowered its revenue estimate for the year, sending its shares tumbling.
CHICAGO (AP) — Travelers are still vacationing, but they're spending less when they do, Royal Caribbean Cruises Ltd. said in reporting that its third-quarter profit and revenue tumbled because it deeply discounted fares.
LONG BEACH, Calif. (AP) — Health care real estate investment trust HCP Inc. said its third-quarter results plunged on a series of impairments and legal charges.
NASHVILLE, Tenn. (AP) — Wood-products maker Louisiana-PacificCorp. said its loss narrowed in the third quarter but sales dropped almost 21 percent as weakness in home building continued.