Earnings roundup: Prudential, MasterCard |
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Wed, 31 Oct 2007 23:52
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(AP) - Among the earnings stories for Wednesday, Oct. 31, from AP Financial News:Top stories:NEWARK, N.J. (AP) -- Insurance and investment giant Prudential Financial Inc. said Wednesday that third-quarter earnings fell about 25 percent compared to last year's third quarter, but raised earnings guidance for the year.NEW YORK (AP) -- MasterCard Inc.'s third-quarter profit blew past Wall Street's expectations, jumping 63 percent in a powerful reminder that many people around the world are still making money and finding ways to spend it.Other stories:JACKSONVILLE, Fla. (AP) -- Regency Centers Corp., an owner and developer of community shopping centers, said Wednesday its third-quarter funds form operations slipped from the year-ago period.NEW YORK (AP) -- MetLife Inc.'s profits edged lower in the third quarter as the No. 1 U.S. life insurer suffered $270 million in losses from investments used to hedge its insurance portfolio.ARLINGTON, Va. (AP) -- CACI International Inc., a provider of information technology services, said Wednesday its fiscal first-quarter 2008 earnings fell 3 percent, but beat Wall Street expectations, as contract revenue was offset by a business structure change.HIGHLAND HEIGHTS, Ky. (AP) -- Wire and cable products maker General Cable Corp. said Wednesday its third-quarter profit jumped 65 percent on strong sales at its global electrical infrastructure and electric utility businesses.CHATTANOOGA, Tenn. (AP) -- Unum Group posted a profit for the third quarter as a review of denied claims drew near completion, the disability insurer said Wednesday.ALISO VIEJO, Calif. (AP) -- Communications software maker Smith Micro Software Inc. said Wednesday its third-quarter profit declined as costs rose, though revenue grew amid strength in its multimedia division.DALLAS (AP) -- Trinity Industries Inc.'s third-quarter profit rose 71 percent on strong gains in its rail, railcar leasing and inland barge segments, the diversified industrial company said Wednesday.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Prudential Real Estate forms j.v. to invest in Brazilian industrial real estate 