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Earnings roundup: Aon, JDS Uniphase


Published :
Wed, 31 Oct 2007 23:54
By : Agencies
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(AP) - Among the earnings stories for Wednesday, Oct. 31, from AP Financial News:

CHICAGO (AP) -- Insurer Aon Corp. said Wednesday its third-quarter profits rose 92 percent, while also announcing a global restructuring plan that will cost $360 million.

MILPITAS, Calif. (AP) -- Optical communications company JDS Uniphase Corp. said Wednesday its fiscal first-quarter loss narrowed.

KANSAS CITY, Mo. (AP) -- Navigation device maker Garmin Ltd. said Wednesday that its third-quarter profit rose 57 percent, beating Wall Street estimates as sales soared in all sectors, especially automotive.

DETROIT (AP) -- Auto parts maker Visteon Corp. reported a narrower loss for the third quarter and plans to cut 500 jobs by mid-2008 as part of an effort to return to profitability by 2010.

DAYTON, Ohio (AP) -- NCR Corp., which makes automated teller machines, said Wednesday that its third-quarter earnings fell 63 percent, reflecting the spinoff of its Teradata unit. But the results beat Wall Street estimates, and NCR's stock jumped 9 percent.

DENVER (AP) -- Newmont Mining Corp., one of the world's largest gold producers, said Wednesday its third-quarter profit doubled on one-time gains while its revenue was driven by improvements in mining operations.

CHICAGO (AP) -- Navteq Corp., which makes digital maps, said Wednesday higher demand for its maps for portable devices such as cell phones boosted its third-quarter profit.

PHOENIX (AP) -- Solid waste services company Allied Waste Industries Inc. said Wednesday its third-quarter profit tumbled on steep losses from discontinued operations.

MAUMEE, Ohio (AP) -- Andersons Inc.'s profit rose 26 percent in the third quarter on strong growth in its grain and ethanol and plant nutrient segments, the agriculture and rail equipment company said Wednesday.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




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