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Profit

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Best Buy Reports 1Q Loss On Restructuring Costs

Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. Its adjusted earnings beat Wall Street expectations, but revenue fell short as the company faced tough pricing competition during the quarter. Its shares fell in premarket trading.

05/21/2013

3M, generic, logo

3M 1Q Net Flat On Soft Demand; Cuts 2013 Guidance

3M said Thursday its first-quarter profit barely rose as it faced weaker demand. It cut its profit guidance for the full year.

04/25/2013

(credit: ERIC LALMAND/AFP/Getty Images)

Caterpillar 1Q Profit Shrank; Cuts 2013 Outlook

First-quarter profit shrank 45 percent. Caterpillar lowered its expectations for full year sales and profits because its mining business is slowing. Sales of Caterpillar-branded mining machines will drop by half this year, the company said on Monday.

04/22/2013

(credit: UnitedHealth Group)

UnitedHealth’s 1Q Profit Falls 14 Percent

UnitedHealth Group says its first-quarter net income dropped 14 percent, as the health insurer’s medical costs climbed, and it booked a smaller gain due to leftover insurance claims.

04/18/2013

(credit: CBS)

Polaris 4Q Profit Jumps, But Outlook Disappoints

Snowmobile and ATV maker Polaris Industries Inc. on Tuesday said that its fourth-quarter profit climbed 38 percent, as increased sales of its off-road vehicles, motorcycles and gear and accessories more than offset a decline in snowmobile sales.

01/29/2013

Target shopping carts sit in the parking lot outside of a Target store in Daly City, Calif. (credit: Justin Sullivan/Getty Images)

Target 3Q Profit Grows 15 Pct, Tops Wall Street

Target Corp. on Thursday reported a third-quarter net income that handily beat Wall Street expectations, and the big-box retailer issued a rosy outlook heading into the critical holiday shopping season.

11/15/2012

(credit: Tom Pennington/Getty Images)

Best Buy 2Q Profit Drops 90 Percent, Misses Estimates

Best Buy Co. is reporting a 90 percent drop in net income during the second quarter, dragged down by restructuring charges and weak sales. The company also withdrew its earnings guidance for the year.

08/21/2012

(credit: UnitedHealth Group)

UnitedHealth’s 2Q Profit Rises 5.5 Percent

UnitedHealth Group said Thursday that its second-quarter net income rose 5.5 percent, trumping Wall Street expectations, as enrollment gains helped fuel revenue growth and consumers continued to moderate their use of health care services.

07/19/2012

Target shopping carts sit in the parking lot outside of a Target store in Daly City, Calif. (credit: Justin Sullivan/Getty Images)

Target’s Key Revenue Metric Rises 4.3 Pct

Target Corp. says its revenue at stores open at least a year rose 4.3 percent in January, easily topping Wall Street’s expectations.

02/02/2012

money, generic, 100s, cash, bills

Pentair Adjusted Profit Beats Expectations

Water filtration and industrial company Pentair Inc. posted a fourth-quarter net loss because of an accounting charge, but its adjusted profit was better than analysts had been expecting.

01/31/2012

3M, generic, logo

3M Posts Small Profit Increase In 4Q

3M Co. said Thursday its profit inched 3 percent higher in the fourth-quarter as growth in products for the home, office and automobiles offset declines in its high-tech products.

01/26/2012

(credit: UnitedHealth Group)

Insurer UnitedHealth’s 4Q Profit Jumps 20 Percent

UnitedHealth Group Inc.’s fourth-quarter net income jumped 21 percent, but the insurer saw signs of health care use picking up and left its 2012 earnings forecast unchanged.

01/19/2012

General Mills

General Mills 2Q Profit Falls On Higher Costs

General Mills is reporting that net income slipped 28 percent in the second quarter, pressured by rising costs and some charges, but revenue jumped by double digits.

12/20/2011

Medtronic, building, generic

Medtronic 2Q Profit Rises On Favorable Comparison

Medtronic Inc., the world’s largest medical device maker, reported higher-than-expected earnings Tuesday as overall sales edged up despite continuing pressure on the company’s best-selling heart and spine implants.

11/22/2011

Hormel

Hormel Foods 4Q Profit Falls, Revenue Rises

Hormel Foods Corp.’s fiscal fourth-quarter profit fell 3 percent as sales at its grocery products segment declined.

11/22/2011

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