Earnings roundup: RPC, Freeport-McMoRan |
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Wed, 24 Oct 2007 20:49
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(AP) - Among the earnings stories for Wednesday, Oct. 24, from AP Financial News:ATLANTA (AP) -- Oilfield services provider RPC Inc. said Wednesday its third-quarter profit dropped by nearly half, as prices and equipment use fell.PHOENIX (AP) -- Freeport-McMoRan Copper & Gold Inc., one of the world's biggest copper miners, said Wednesday its profit more than doubled in the third quarter as revenue soared.ROCHESTER, N.Y. (AP) -- Corning Inc. said Wednesday its third-quarter profit rose 41 percent on strong demand for glass used in flat-panel televisions but warned that its performance in the current quarter will fall short of Wall Street's expectations.POCATELLO, Idaho (AP) -- AMIS Holdings Inc., parent company of specialized microchip maker AMI Semiconductor, said Wednesday it is reviewing the way it valued inventories earlier this year.CHICAGO (AP) -- Gum and candy maker Wm. Wrigley Jr. Co. said Wednesday that third-quarter profit rose 11 percent on strong international growth and a weak dollar. But results fell just short of expectations and Wrigley's stock tumbled.CHICAGO (AP) -- Media conglomerate Tribune Co. said Wednesday its third-quarter earnings dropped 7 percent as the housing slump and lower consumer spending worsened an ongoing decline in advertising revenue from its newspapers.MIAMI (AP) -- Trucking company Ryder System Inc. said Wednesday its third-quarter earnings rose slightly but missed Wall Street expectations, as revenue from its fleet management solutions segment slipped.SAN ANTONIO (AP) -- Cullen/Frost Bankers Inc.'s profit soared 13 percent in the third quarter as the bank expanded its loan portfolio and earned more for managing clients' investments, the company said Wednesday.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Freeport-McMoran 3Q profit surges 