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.
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.
Target Corp. says its revenue at stores open at least a year rose 4.3 percent in January, easily topping Wall Street’s 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.
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.
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.
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.
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.
Hormel Foods Corp.’s fiscal fourth-quarter profit fell 3 percent as sales at its grocery products segment declined.
Agribusiness conglomerate Cargill Inc. said its fiscal first-quarter earnings fell 66 percent amid a volatile global grain market.
General Mills Inc.’s fiscal first-quarter net income fell 14 percent, but its adjusted results beat Wall Street’s expectations as revenue climbed on higher prices, solid demand and new products.
Medtronic, the world’s largest medical device maker, says its fiscal first-quarter earnings slipped 1 percent as challenges in spinal products and its biggest business, implantable cardioverter defibrillators, countered other revenue gains.
3M says its second-quarter profit rose 3.4 percent as slowing demand for films for LCD televisions dampened strong growth across its other businesses.
Target Corp. raised its quarterly dividend Wednesday by 5 cents to 30 cents as it sought to placate investors after a 22 percent decline in its stock price this year.
Grocer Supervalu Inc.’s fiscal fourth-quarter net income dipped 2 percent, partly weighed down by softer sales and store closings.