http://www.rttnews.comGlobal financial news, market analysis, economics and forex newsen-usSat, 07 Nov 2009 11:45:01 GMTComputer server and software maker Sun Microsystems Inc., on Friday reported a narrower loss in its first quarter, helped primarily by lower expenses as a result of the company's cost saving measures.http://www.rttnews.com/ArticleView.aspx?Id=1121462&Category=EarningsFri, 06 Nov 2009 23:58:27 GMTGovernment-sponsored home mortgage finance company Freddie Mac, Friday posted a narrower loss for the third quarter, helped by higher net interest income, and investment gains. The company said it had successfully avoided the need of additional funding from the Treasury for the second straight quarter, as the value of its securities increased. Looking ahead, the company expects to request additional funds from Treasury due to the prolonged deterioration of market conditions.http://www.rttnews.com/ArticleView.aspx?Id=1121461&Category=EarningsFri, 06 Nov 2009 23:36:32 GMTPower generator and distributor Edison International reported Friday an 8.2% year-over-year decline in profit for the third quarter. Significantly lower results at its subsidiary, Edison Mission Group were partially offset by higher results at the other subsidiary Southern California Edison.http://www.rttnews.com/ArticleView.aspx?Id=1121005&Category=EarningsFri, 06 Nov 2009 14:55:24 GMTPublicly owned asset management holding company Brookfield Asset Management, Inc. (BAM, BAM-A.TO) on Friday reported a decline in profit for the third quarter, as revenues dropped from last year. Nevertheless, net earnings and revenues for the quarter came in above Street estimates. The company's cash flow from operations for the quarter rose from last year, reflecting higher realization gains due to the partial monetization of power-generation facilities.http://www.rttnews.com/ArticleView.aspx?Id=1121004&Category=EarningsFri, 06 Nov 2009 14:53:17 GMTKingsway Financial Services Inc. Friday reported a wider loss for the third quarter of fiscal 2009, hurt by lower net premiums earned and a decline in investment income. The property and casualty insurer said that no dividend will be declared for the third quarter and it is on track to return to profitability in 2010.http://www.rttnews.com/ArticleView.aspx?Id=1121000&Category=EarningsFri, 06 Nov 2009 14:49:06 GMTCanadian independent energy company Gran Tierra Energy Inc. (GTE, GTE.TO) Friday reported a net loss for the third quarter compared to a profit in the prior year. Results were affected by lower oil prices, a significant increase in operating costs as well as foreign exchanges losses.http://www.rttnews.com/ArticleView.aspx?Id=1120977&Category=EarningsFri, 06 Nov 2009 14:23:33 GMTFriday, electric utility company Mirant Corp. (MIR ), reported a plunge in profit for the third quarter, in the the absence of hefty hedging gains from last year. However, on an adjusted basis, net income rose from last year and came in well ahead of Street estimates. The company also lowered its forecast for 2009 adjusted earnings before interest, taxes, depreciation and amortization, but raised its outlook for fiscal year 2010.http://www.rttnews.com/ArticleView.aspx?Id=1120954&Category=EarningsFri, 06 Nov 2009 14:10:27 GMTAmerican International Group Inc. on Friday reported a profit for the third quarter, the second in a row, helped by a recovery in the value of its investments. However, the company said it expects continued volatility in reported results in the coming quarters, due in part to charges related to ongoing restructuring activities. AIG is presently in the process of consolidation by selling assets and spinning off some subsidiaries to repay bailout loans received earlier from the federal government.http://www.rttnews.com/ArticleView.aspx?Id=1120916&Category=EarningsFri, 06 Nov 2009 13:47:22 GMTLifestyle content and interactive services operator Scripps Networks Interactive Inc. posted higher profit for the third quarter, reflecting strong affiliate fee revenue growth and improved advertising sales at its flagship cable television networks Food Network and HGTV. The company expects Shopzilla segment profit to be above $30 million for the full year.http://www.rttnews.com/ArticleView.aspx?Id=1120892&Category=EarningsFri, 06 Nov 2009 13:28:53 GMTAirline Air Canada reported Friday a profit for the third quarter compared to a loss in the year-ago quarter, reflecting a significant gain on foreign exchange as well as a decrease in operating expenses on lower fuel expenses. Air Canada said traffic declined 2.1% on a 3.3% cut in capacity, which resulted in a decrease in passenger load factor of 1.0 percentage point.http://www.rttnews.com/ArticleView.aspx?Id=1120858&Category=EarningsFri, 06 Nov 2009 13:06:36 GMTMedical technology business Smith & Nephew Plc Friday reported higher third-quarter profit despite a decline in revenues, driven by lower costs and expenses.http://www.rttnews.com/ArticleView.aspx?Id=1120637&Category=EarningsFri, 06 Nov 2009 11:12:47 GMTRoyal Bank of Scotland Group Plc, the U.K.'s largest government-controlled bank, reported Friday a net loss for the third quarter, compared to a profit in the same period last year. The results reflected hefty impairments and credit market write-downs, amid the difficult economic environment. For the third quarter, loss attributable to shareholders was GBP 1.80 billion versus a profit of GBP 871 million last year.http://www.rttnews.com/ArticleView.aspx?Id=1120592&Category=EarningsFri, 06 Nov 2009 10:31:23 GMTBritish Airways Plc Friday reported a pre-tax loss for the first-half ended September 30, as the recessionary environment continued to hurt traffic, driving down revenues by nearly 14%. The UK flag carrier also reported a 1.9% decline in traffic for the month of October as capacity reduced by 6.4%. Further, the airlines said it sees revenue to likely be GBP 1 billion lower this year. Pre-tax loss for the half-year was GBP 292 million.http://www.rttnews.com/ArticleView.aspx?Id=1120541&Category=EarningsFri, 06 Nov 2009 09:29:51 GMTCanada's largest energy company Suncor Energy Inc. (SU,SU.TO), after the merger with its rival Petro-Canada, reported its quarterly results Friday, posting higher profit for the third-quarter. However, operating earnings dropped year-over-year, mainly due to lower prices and higher operational expenses in its oil sands segment. The company earned C$929 million for the recent quarter, compared to C$815 million last year. On a per share basis, earnings fell to C$0.74 from C$0.86 a year ago.http://www.rttnews.com/ArticleView.aspx?Id=1120540&Category=EarningsFri, 06 Nov 2009 09:27:01 GMTCanadian auto parts supplier Magna International Inc. (MGA, MG.A.TO) on Thursday reported a profit for the third quarter compared to a loss in the year-ago period, helped by restructuring actions and cost-cutting measures. However, revenues for the quarter declined 16% from last year, mainly on lower North American and European vehicle production. The company noted that North American vehicle production increased 32% from the preceding second quarter. Magna's quarterly results come just days after General Motors Co.'s decision to back out of a planned sale of its German unit Adam Opel GmbH to a consortium led by Magna.http://www.rttnews.com/ArticleView.aspx?Id=1120319&Category=EarningsThu, 06 Nov 2009 03:49:34 GMTReal estate investment trust Public Storage, Inc. (PSA) reported Thursday that funds from operations or FFO, for the third quarter surged from last year, helped by foreign currency exchange gains. The FFO per share for the quarter rose and came in significantly above analysts' expectations.http://www.rttnews.com/ArticleView.aspx?Id=1120290&Category=EarningsThu, 06 Nov 2009 01:58:51 GMTNatural gas and electricity provider Dominion Resources Inc. (D) said Thursday that it has filed a proposed electric-rate case settlement with the Virginia State Corporation Commission that will return about $400 million to customers and reduce monthly electric bills. The company said that the proposed settlement agreement, if approved by regulators, would have a negative impact on its fourth quarter and full-year 2009 reported earnings, although it isn't expected to hurt operating earnings. The company affirmed its operating earnings outlook for fiscal years 2009 and 2010. http://www.rttnews.com/ArticleView.aspx?Id=1120266&Category=EarningsThu, 06 Nov 2009 01:20:05 GMTThursday, government-sponsored home mortgage finance company, Fannie Mae reported a heavy loss for the third quarter on higher credit related expenses, impairments and fair value losses. Further, the company said it has applied for additional $15.0 billion aid from the federal government and is dependent on the continued support of Treasury for operating its business.http://www.rttnews.com/ArticleView.aspx?Id=1120234&Category=EarningsThu, 06 Nov 2009 00:01:53 GMTThursday, maker of slot machines International Game Technology reported a loss in its fourth quarter, hurt primarily by non-cash charges. The company witnessed a decline in revenues, reflecting the on-going effects of difficult global economic conditions that have impacted both gaming operators and casino patrons.http://www.rttnews.com/ArticleView.aspx?Id=1120143&Category=EarningsThu, 05 Nov 2009 22:52:59 GMTThursday, beverage company Hansen Natural Corp. (HANS) reported a higher profit for the third quarter, as revenues rose 8.1% on sustained strong sales of Monster Energy drinks. However, Hansen shares have lost more than 9% in after-hour session, as results were below the Street view.http://www.rttnews.com/ArticleView.aspx?Id=1120137&Category=EarningsThu, 05 Nov 2009 22:44:45 GMTThursday, life science company Millipore Corp. reported an increase in third quarter earnings, reflecting a 4% growth in revenues driven by strong performance from its Bioprocess Division. Both earnings and revenues came in ahead of Street estimates. The Billerica, Massachusetts-based Millipore's third quarter net income available to the company increased to $39.66 million or $0.71 per share, up from $37.80 million or $0.68 per share a year ago.http://www.rttnews.com/ArticleView.aspx?Id=1120081&Category=EarningsThu, 05 Nov 2009 21:51:49 GMTMass media company CBS Corp., on Thursday posted a profit for the third quarter from a loss last year, reflecting increased growth in television revenues from higher license fees and affiliate revenues, as well as higher syndication sales. For the third quarter, the New York-based company posted net earnings of $207.6 million or $0.30 per share, compared to a net loss of $12.46 billion or $18.58 per share in the year ago quarter. Revenues slid to $3.35 billion from $3.38 billion last year.http://www.rttnews.com/ArticleView.aspx?Id=1120058&Category=EarningsThu, 05 Nov 2009 21:36:22 GMTThursday, DirecTV Group, Inc. (DTV), a provider of digital television entertainment, reported a marginally higher profit for the third quarter, helped by lower net income attributable to non-controlling interest, even as higher income tax expenses offset an increase in revenue and operating profitability. The company also witnessed subscriber gains being offset by higher customer cancellations.http://www.rttnews.com/ArticleView.aspx?Id=1119523&Category=EarningsThu, 05 Nov 2009 16:54:48 GMTCasino operator MGM Mirage, on Thursday reported that it slid to a loss in the third quarter, hurt by hefty non-cash impairment charges from its CityCenter project as well as a drop in revenues across all its operating segments. MGM Mirage, the world's second-largest gambling company by revenue, and controlled by billionaire investor Kirk Kerkorian owns and operates 16 casinos in Nevada, Mississippi and Michigan. It also has 50% investments in four other properties.http://www.rttnews.com/ArticleView.aspx?Id=1119498&Category=EarningsThu, 05 Nov 2009 16:33:45 GMTProcessed and packaged foods company Sara Lee Corp., Thursday, reported a 23% year-over-year increase in profit for the first quarter, boosted by higher margins and cost cutting initiatives. The company also returned to a profit after reporting a loss in the previous quarter. The company benefited from strong performance in the North American businesses and lower corporate expenses. The company also raised its adjusted earnings outlook and reaffirmed its sales forecast for the full year 2010.http://www.rttnews.com/ArticleView.aspx?Id=1119373&Category=EarningsThu, 05 Nov 2009 15:00:49 GMTThursday, quick-service restaurant operator Wendy's/Arby's Group, Inc. (WEN) reported a profit for the third quarter compared with a loss a year ago. The results included the effect of the merger between Triarc and Wendy's. The company also said it benefited from lower commodity costs and expects this trend to continue in the fourth quarter.http://www.rttnews.com/ArticleView.aspx?Id=1119350&Category=EarningsThu, 05 Nov 2009 14:40:05 GMTIn what is likely to be the beginning of an economic recovery, specialty retailers Gap Inc., Aeropostale, Inc. and Ross Stores, Inc. reported healthy same store sales figures for the month of October. Buoyed by the better-than-expected results, Aeropostale and Ross raised their earnings forecast for the third quarter, while Gap said it expects earnings for the quarter to improve about 20% from the previous year. Gap on Thursday reported increases in comparable store sales and net saleshttp://www.rttnews.com/ArticleView.aspx?Id=1119344&Category=EarningsThu, 05 Nov 2009 14:37:16 GMTElectric utility Dynegy Inc. reported a loss for the third quarter, compared to a profit a year ago, reflecting asset impairment charges and the absence of a hefty mark-to-market gain recorded last year. Revenues for the quarter more than halved impacted by the overall weakness in U.S. energy prices. The company also raised and tightened its full year 2009 adjusted EBITDA guidance, while widening the net loss view. Dynegy shares are currently trading up more than 8% on the NYSE.http://www.rttnews.com/ArticleView.aspx?Id=1119325&Category=EarningsThu, 05 Nov 2009 14:27:03 GMTNorth American stock exchange Nasdaq OMX Group Inc. (NDAQ) on Thursday posted an increase in third-quarter profit, reflecting lower expenses and tax provision. However, non-GAAP profit fell 18% from last year, hurt by Cash Equity Trading performance.http://www.rttnews.com/ArticleView.aspx?Id=1119245&Category=EarningsThu, 05 Nov 2009 13:40:41 GMTSun Life Financial Inc. (SLF, SLF.TO) reported Thursday a narrower loss for the third quarter, reflecting a significant increase in revenues in its U.S and Canadian operations. The company noted that earnings for the third quarter were negatively impacted by previously announced actuarial assumption updates as well as credit markets. http://www.rttnews.com/ArticleView.aspx?Id=1119230&Category=EarningsThu, 05 Nov 2009 13:33:38 GMT