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SMALL BUSINESS
Earnings roundup: Goodyear, ManTech
Among the earnings stories for Wednesday, Oct. 28, from AP Financial News:
Top stories:
CLEVELAND (AP) — Goodyear Tire&Rubber Co.'s profit more than doubled in the third quarter, helped by cost-cutting, new products and lower raw material costs. But its shares plummeted on its forecast for an operating loss in its key North American market this quarter.
Other stories:
FAIRFAX, Va. (AP) — Government contractor ManTech International Corp. said its third-quarter earnings rose 23 percent because of a focus on the products it develops for the high-end defense and intelligence markets.
NEENAH, Wis. (AP) — Plexus Corp., citing volatile demand for its products, said its fiscal fourth-quarter profit fell 13 percent.
ARLINGTON, Va. (AP) — Government contractor CACI International Inc. said that its fiscal first-quarter profit rose 22 percent as it signed new contracts to increase sales, prompting it to raise its 2010 profit guidance.
ST. LOUIS (AP) — Pharmacy-benefits manager Express Scripts Inc. said its third-quarter profit declined, hurt by one-time charges that include costs to settle a legal matter and acquisition expenses.
NEW YORK (AP) — Shares of China Security&Surveillance Technology Inc. tumbled as the company's third-quarter profit and sales missed Wall Street forecasts by a wide margin.
COLORADO SPRINGS, Colo. (AP) — Medical device maker Spectranetics Inc. said it took a loss in the third quarter due to costs related to litigation and a federal investigation.
CHARLESTON, W.Va. (AP) — International Coal Group said it's seeing signs that increasing steel production is upping demand for metallurgical coal, but is crediting other factors for more than doubling its third-quarter profit.