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UPS 2Q profit drops 58 percent

2014-07-29 14:50:01| Trucking - Topix.net

The Atlanta-based company said profit declined to $454 million, or 49 cents per share, from $1.07 billion, or $1.13 per share, in the same quarter a year earlier.

Tags: percent ups profit drops

 

Analyst downgrades, stock price drops as WellCare cuts expected earnings

2014-07-25 23:13:42| Apparel - Topix.net

The downgrade, to "market perform" from "outperform," reflects execution difficulties that are expected to persist amidst a changing landscape, analysts wrote in a July 25 report.

Tags: price stock expected cuts

 
 

Statoil Profit Drops 12% in Second Quarter on Lower Output

2014-07-25 13:54:43| Oil & Gas - Topix.net

Statoil ASA, Norway's biggest energy company, said profit fell 12 percent in the second quarter as gas prices slid and output sank on maintenance and asset sales.

Tags: lower output profit quarter

 

Bristol 2Q net drops on lower drug sales, charges

2014-07-24 16:50:44| Biotech - Topix.net

Bristol-Myers Squibb Co.' s exit from the diabetes business, plus higher taxes and research spending, combined to slash the drugmaker's second-quarter profit by 38 percent, but the company handily beat Wall Street's muted profit expectations.

Tags: net sales lower drug

 

Oil drops below $108 on weak demand from European refiners

2014-07-24 01:00:00| Offshore Technology

Brent crude dropped below $108 a barrel today due to weak demand from European refiners and growth in Chinese factory data.

Tags: oil european demand weak

 

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