Company Earnings
• Moody's 2Q profit jumps 11 percent, tops Street
(AP)
AP - Moody's Corp. on Thursday posted an 11 percent jump in second-quarter profit, driven by a jump in revenue in its Moody's Investors Service unit.
• Federal-Mogul 2Q profit jumps; revenue up 23 pct.
(AP)
AP - Vehicle parts maker Federal-Mogul Corp. reported a $49 million profit for the second quarter on Thursday as the company capitalized on its global restructuring while the auto industry continued to recover from the recession.
• Goodyear posts 2Q profit on global revenue boost
(AP)
AP - Goodyear Tire & Rubber Co. reported a $28 million second-quarter profit Thursday in contrast to a loss a year ago as demand for its tires increased worldwide, especially in the key U.S. market.
• Avon Products 2Q net income jumps
(AP)
AP - Stronger sales of beauty products and growth in Latin America helped Avon Products Inc.'s second-quarter net income rise as it shifts away from less-profitable categories such as home products.
• Northrop Grumman 2Q profit soars, raises year view
(AP)
AP - Defense contractor Northrop Grumman Corp. said Thursday its second-quarter earnings nearly doubled, partly due to a tax benefit, and it raised its outlook for the year.
• Weak revenue, Venezuela hit Colgate's 2Q
(AP)
AP - Colgate-Palmolive Co.'s shares sank Thursday when the consumer products maker posted revenue below expectations and told investors that Venezuela's currency devaluation would drag down full-year results more than expected.
• Stocks fall as traders await Friday's GDP report
(AP)
<img src="http://d.yimg.com/a/p/ap/20100729/capt.5d3741ed127f41bcb4c656558683d59c-5d3741ed127f41bcb4c656558683d59c-0.jpg?x=113&y=130&q=85&sig=TvzsqED_cgRGLy5xD0zdGg--" align="left" height="130" width="113" alt="In this July 28, 2010 photo, trader Richard Scardino works on the floor of the New York Stock Exchange. Stock futures rose Thursday, July 29, following further signs that Europe's economy is bouncing back faster than expected. (AP Photo/Richard Drew)" border="0" />AP - Stocks fell Thursday as investors awaiting the government's gross domestic product report had a muted response to earnings and economic reports.
• Cabela's 2Q profit nearly doubles to $18 million
(AP)
AP - Outdoor outfitter Cabela's Inc. says its second-quarter profit nearly doubled over last year when restructuring charges weighed down results.
• BT says Q1 profit up 33 percent
(AP)
AP - Communications company BT Group PLC said Thursday its first quarter profit rose 33 percent as cost-cutting measures helped offset a 4 percent drop in revenue.
• Global demand drives German chemical groups earnings
(AFP)
AFP - German chemical groups posted solid results Thursday on sustained demand worldwide and a weaker euro, giving confidence a boost after last year's difficult times.
• Costs for recall hit Kellogg 2Q, cuts outlook
(AP)
AP - Fallout from a massive cereal recall helped drag down Kellogg Co's second-quarter net income 15 percent and led the cereal maker to cut its full-year outlook.
• McClatchy 2Q earnings drop; ad trends improve
(AP)
AP - Newspaper publisher McClatchy Co. said Thursday its second-quarter net income dropped sharply from last year's results that were boosted by a gain from debt restructuring.
• Exxon Mobil's 2Q earnings more than double
(AP)
AP - Exxon Mobil Corp. said Thursday its second quarter income nearly doubled to $7.56 billion as oil prices increased from last year.
• Southwest reports $112 million 2Q profit
(AP)
<p>AP - Southwest Airlines Co. added an upbeat note to a strong quarter for the airline industry by reporting a $112 million profit for spring and early summer.
• Motorola 2Q earnings climb, revenue stabilizes
(AP)
AP - Motorola Inc. on Thursday reported a sharply higher profit for the second quarter and stabilized its long revenue decline as it strategy of focusing on smart phones like the Droid bore fruit.</p>
• Glance: A closer look at Avon Products 2Q revenue
(AP)
AP - Avon Products Inc. reported second-quarter income jumped as revenue rose in most categories and regions. Here's a breakdown of the beauty product seller's revenue by region and category.
• Summary Box: Avon Products 2Q net income rises
(AP)
AP - RESULTS: Beauty products seller Avon Products Inc. reported net income jumped in the second quarter, helped by growth in Latin America and stronger sales of beauty products across all categories.
• Thomson Reuters 2Q profit slips 8 percent
(AP)
AP - News and information provider Thomson Reuters Corp. said Thursday its second-quarter net income fell 8 percent on weakness in its legal and markets divisions.
• ComScore posts lower 2Q profit as costs grow
(AP)
AP - Research firm comScore Inc., which tracks Web traffic, said Thursday its second-quarter profit declined as marketing, research and other expenses grew.
• Motorola quarter beats Street, shares rise
(Reuters)
Reuters - Motorola Inc posted stronger-than-expected quarterly results on strength in its enterprise and network units, sending its shares up despite frustration it did not raise its phone sales target.
