Earnings roundup: UTStarcom, Allstate |
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Thu, 18 Oct 2007 13:16
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(AP) - Among the earnings stories late Wednesday, Oct. 17, from AP Financial News:ALAMEDA, Calif. (AP) -- Telecommunications equipment maker UTStarcom Inc. on Wednesday reported a wider loss in its first quarter due to a big drop in sales and higher interest and income tax expenses.CHICAGO (AP) -- Allstate Corp., the second-largest U.S. property and casualty insurer, said Wednesday its third-quarter earnings fell 16 percent as losses from big storms more than doubled from a year ago.PLEASANTON, Calif. (AP) -- Communications equipment maker Polycom Inc. said Wednesday its third-quarter profit rose 16 percent as sales growth and revenue from a recent acquisition offset higher expenses.LOS ANGELES (AP) -- Regional bank City National Corp. said Wednesday third-quarter earnings increased 2 percent due to growth in fees.SAN DIEGO (AP) -- Biotechnology company Amylin Pharmaceuticals Inc. said Wednesday its third-quarter loss narrowed on higher sales of its diabetes drugs Byetta and Symlin.MILWAUKEE (AP) -- Staffing firm Manpower Inc. said Wednesday its third-quarter earnings surged 31 percent, driven by revenue growth in Europe that helped offset declines in the United States.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Allstate 3Q earnings fall 16 percent 