Archive: Earnings

Farmer Mac Feels Freddie, Lehman's Pain

Farmer Mac, the country cousin to mortgage giants Fannie Mae and Freddie Mac, took a beating from its investments in Fannie and investment bank Lehman Brothersin the third quarter. The company's misfortunes illustrate how the demise of some of the United States' biggest financial giants has reverberated throughout the...

By Alejandro Lazo | November 11, 2008; 05:05 PM ET | Comments (0)

Early Briefing: Fannie's Disappearing Capital

By Alejandro Lazo So it turns out that nearly half of the capital mortgage giant Fannie Mae was sitting on in the months before being taken over by the government is now worthless. That's the news this morning from staff writer Zachary A. Goldfarb. He reports that District-based Fannie has...

By Alejandro Lazo | October 30, 2008; 07:58 AM ET | Comments (0)

Earnings Up for Two REITs, ManTech

A round of earnings reported on Wednesday gives a brief snapshot of the health of the Washington area's economy in the midst of the financial crisis. There was relatively bright news for two local real estate companies, with First Potomac Realty Trust of Bethesda saying profit tripled and Federal Realty...

By Alejandro Lazo | October 29, 2008; 07:05 PM ET | Comments (0)

CACI Profit Up 15 Percent

From the Associated Press CACI International of Arlington said its first-quarter profit rose 15 percent, to $21 million (69 cents a share) from $18.3 million (60 cents), as it secured more valuable contracts with the Defense Department, state and local governments, and federal civilian agencies. Revenue grew 18 percent, to...

By Terri Rupar | October 28, 2008; 05:30 PM ET | Comments (0)

Gannett Third-Quarter Profit Down 32 Percent

From the Associated Press Gannett said its third-quarter profit fell 32 percent, to $158 million (69 cents a share) from $234 million ($1.01), as it saw less advertising revenue than last year as part of broader cutbacks in a worsening economy. Revenue at the nation's largest newspaper publisher fell 9...

By Terri Rupar | October 24, 2008; 10:25 AM ET | Comments (0)

NII Profit Up, Shares Down

NII Holdings of Reston said today that third-quarter profit grew 12.5 percent, to $91.8 million (54 cents) from $81.6 million (46 cents) in the comparable quarter a year earlier. Revenue grew 38. 4 percent, to $1.18 billion. The company, which provides mobile phone access in Latin America, said ended the...

By Terri Rupar | October 23, 2008; 02:17 PM ET | Comments (0)

Sandy Spring Bancorp, Eagle Bancorp Report Profit

Sandy Spring Bancorp of Olney said third-quarter profit fell 34 percent, to $5.4 million (33 cents) from $8.2 million (50 cents). Results include a pretax impairment charge of $2.3 millino related to a writedown in goodwill in Equipment Leasing Co., a subsidiary. Assets dropped 8 percent, to $3.2 billion. Loans...

By Terri Rupar | October 23, 2008; 11:27 AM ET | Comments (0)

FBR to Consider Strategic Alternatives

By Alejandro Lazo Friedman, Billings, Ramsey Group of Arlington said today that it would considering selling itself as losses continued to mount in the third quarter. Its core business of making mortgage investments has been hammered in the midst of the real estate downturn. The real estate investment firm, which...

By Terri Rupar | October 23, 2008; 11:11 AM ET | Comments (0)

FBR Capital Markets Posts Loss

Update from staff writer Alejandro Lazo Arlington-based FBR Capital Markets booked a $28.6 million loss in the third quarter, as its investment banking business plummeted in the midst of the financial crisis. It is the biggest loss yet for the company, which spun-off from its parent, the Friedman, Billings, Ramsey...

By Terri Rupar | October 22, 2008; 09:25 AM ET | Comments (0)

Capital One Posts Third-Quarter Profit

From staff and wire reports Capital One posted a third-quarter profit of $374.1 million ($1 a share), compared with a loss of $81.6 million (21 cents) in the comparable period a year earlier on expenses tied to closing its subprime mortgage unit. The McLean credit card issuer and bank said...

By Terri Rupar | October 16, 2008; 04:19 PM ET | Comments (0)

Profit Drops at Danaher, Orbital Sciences

From wire reports Danaher of the District said third-quarter profit dropped 23 percent, to $371.9 million ($1.11 a share) from $483.7 million ($1.03) in the comparable quarter a year earlier. Revenue for the diversified manufacturer that makes bar code readers, medical products, and Sears' Craftsman tools was up 17 percent,...

By Terri Rupar | October 16, 2008; 11:03 AM ET | Comments (0)

DiamondRock Profit, FFO Fall

DiamondRock Hospitality of Bethesda said third-quarter profit fell 23 percent, to $12.2 million (13 cents a share), and funds from operations fell 8.7 percent, to $30.5 million (33 cents). Revenue dropped 3.1 percent, to $161.4 million in the period ended Sept. 5. Same-store revenue per available room fell 3 percent...

By Terri Rupar | October 15, 2008; 10:26 AM ET | Comments (0)

Ciena Third-Quarter Profit Falls

From the Associated Press Telecommunications and network equipment maker Ciena said its fiscal third-quarter profit fell to $11.7 million (12 cents a share) from $28.3 million (29 cents) in the comparable period a year earlier, as a sharp increase in operating expenses overshadowed revenue growth. The Linthicum-based company's revenue rose...

By Terri Rupar | September 4, 2008; 11:12 AM ET | Comments (0)

Chindex Reports First-Quarter Loss

Shares of Chindex International fell after the company reported disappointing fiscal first-quarter results and said conditions in China will hurt its results over the coming months. Shares were down about 9.6 percent, at $13.52, around 2:45 p.m. Shares were as low as $12.50 earlier. For the three months ended June...

By Terri Rupar | August 14, 2008; 02:46 PM ET | Comments (0)

Sucampo Profit More Than Doubles, Shares Fall

From the Associated Press Sucampo Pharmaceuticals said its second-quarter profit more than doubled due to a large milestone payment from Takeda Pharmaceuticals of Japan, but the drug developer's shares dropped in Thursday trading. The Bethesda company's profit climbed to $29.9 million (71 cents per share) from $13.8 million (39 cents)...

By Terri Rupar | August 14, 2008; 12:55 PM ET | Comments (0)

Cogent Shrinks Loss, Cuts Projections

From the Associated Press Internet service provider Cogent Communications Group said its loss narrowed in the second quarter, to $5.6 million (12 cents a share) forom $9.2 million (19 cents), as revenue grew 19 percent from a year ago. The District-based company said revenue grew 19 percent, to $53.9 million...

By Terri Rupar | August 8, 2008; 11:23 AM ET | Comments (0)

United Therapeutics Profit Up 147 Percent

United Therapeutics of Silver Spring said second-quarter profit grew 147 percent, to $14.3 million (59 cents a share) from $5.8 million (26 cents) in the comparable period a year earlier. Revenue grew 32 percent, to $68.6 million. "It is gratifying that we are on track to grow our annual revenues...

By Terri Rupar | July 31, 2008; 01:04 PM ET | Comments (0)

Trex Profit Triples

From Bloomberg News *Trex shares gained the most since the company's 1999 initial public offering after it said second-quarter earnings tripled and forecasting third-quarter sales above analysts' estimates. Trex climbed $2.40, or 21 percent, to $13.90 as of 11:40 a.m. The Winchester-based company's said profit was $7.9 million (52 cents...

By Terri Rupar | July 30, 2008; 11:24 AM ET | Comments (0)

Under Armour Profit Falls 75 Percent, Revenue Up 30 Percent

From the Associated Press Baltimore-based sports apparel maker Under Armour said soft margins and marketing expenses caused second-quarter profit to drop 75 percent, to $1.4 million (3 cents a share) from $5.7 million (11 cents), but results still topped Wall Street expectations. Revenue rose 30 percent, to $156.7 million from...

By Terri Rupar | July 29, 2008; 11:42 AM ET | Comments (0)

SI International Profit Falls 24 Percent

From the Associated Press SI International said second-quarter profit fell 24 percent, to $3.8 million (29 cents a share) from $5 million (38 cents) in the comparable period a year earlier, as rising costs outpaced revenue growth. Revenue at the Reston-based IT and network services provider rose 20 percent, to...

By Terri Rupar | July 29, 2008; 10:50 AM ET | Comments (0)

Coventry Profit Falls 45 Percent

From the Associated Press Health insurer Coventry Health Care said second-quarter profit fell 45 percent, to $83.2 million (55 cents a share) from $151.3 million (96 cents), as medical costs climbed, particularly in Medicare Advantage plans. Revenue at the Bethesda company rose 28 percent, to $2.98 billion, but the growth...

By Terri Rupar | July 25, 2008; 10:33 AM ET | Comments (0)

Earnings: FBR Group, Integral Systems, Strayer, Sandy Spring Bancorp

*Friedman, Billings, Ramsey Group said last night that it swung to a loss of $25.1 million (17 cents a share) in the second quarter, compared with a profit of $10.2 million (6 cents) in the comparable period a year earlier. Revenue fell 77.7 percent, to $71.3 million. FBR Group of...

By Terri Rupar | July 24, 2008; 11:43 AM ET | Comments (0)

NII Profit Up 85 Percent; FBR Capital Markets Posts Loss

From staff and wire reports *NII Holdings said profit grew 85 percent in the second quarter, to $155.2 million (88 cents a share) from $84.1 million (47 cents) in the comparable period a year earlier, beating Wall Street expectations, because of subscription growth. The Reston-based wireless service provider to Latin...

By Terri Rupar | July 23, 2008; 11:01 AM ET | Comments (0)

General Dynamics Profit Up 25 Percent

From the Associated Press Defense contractor General Dynamics said second-quarter profit rose 25 percent, to $641 million ($1.60 a share) from $513 million ($1.26), boosted by higher sales of armored vehicles and tanks. The Falls Church-based company said revenue rose nearly 11 percent, to $7.30 billion. Looking ahead, the company...

By Terri Rupar | July 23, 2008; 10:15 AM ET | Comments (0)

XM Loss Shrinks

From the Associated Press XM Satellite Radio Holdings reported a smaller second-quarter loss of $119.6 million (38 cents a share), compared with a loss of $175.7 million (57 cents) a year earlier. Sales rose to $318 million from $277.3 million. XM added 322,000 new net subscribers in the second quarter...

By Terri Rupar | July 22, 2008; 12:07 PM ET | Comments (0)

NVR Profit Falls 43 Percent, Stock Gains

From Bloomberg News NVR said second-quarter profit fell 43 percent, to $51.3 million ($8.64 a share) from $90.7 million ($14.14), as orders declined amid tougher mortgage guidelines and falling buyer confidence. New orders and profit margins "continue to be negatively impacted by high levels of new and existing home inventories,...

By Terri Rupar | July 22, 2008; 11:13 AM ET | Comments (0)

Lockheed Profit Up 13 Percent

From the Associated Press Lockheed Martin said second-quarter profit rose 13 percent, to $882 million ($2.15 a share) from $778 million ($1.82), as a drop in its fighter jet business was offset by higher sales in its space, electronic systems and information technology units. Revenue grew 4 percent, to $11...

By Terri Rupar | July 22, 2008; 10:22 AM ET | Comments (0)

Virginia Commerce Profit Down 28.5%; Provident Bankshares Down 2.5%

Earnings at Arlington-based Virginia Commerce Bancorp declined 28.5 percent in the second quarter as the number of bad loans in the banking company's portfolio ticked up and executives said they may seek fresh capital and would limit the number of loans the bank made to clients going forward. Separately, Provident...

By Terri Rupar | July 17, 2008; 12:40 PM ET | Comments (0)

Earnings: Danaher, Orbital Sciences

From the Associated Press *Diversified manufacturer Danaher said second-quarter profit rose 17 percent, to $363.4 million ($1.09 a share) from $311.2 million (96 cents a share) in the second quarter of 2007, citing a broad-based improvement in sales across its businesses that make products including medical tools and water treatment...

By Terri Rupar | July 17, 2008; 12:30 PM ET | Comments (0)

Earnings: Host, Gannett

From the Associated Press *Host Hotels & Resorts of Bethesda its second-quarter funds from operations rose 16.7 percent, to 56 per share from 48 cents per share, on strong room rates, beating Wall Street expectations. Profit at the largest U.S. hotel real estate investment trust rose 28 percent, to $199...

By Terri Rupar | July 16, 2008; 01:30 PM ET | Comments (0)

Marriott Profit Drops 24 Percent

From the Associated Press Hotel operator Marriott International said second-quarter earnings dropped 24 percent, to $157 million (42 cents a share) from $207 million (51 cents) in the comparable period a year earlier, as the deteriorating economy dragged down demand, a trend the company expects will extend into next year....

By Terri Rupar | July 10, 2008; 10:59 AM ET | Comments (0)

Chindex Posts Fourth-Quarter Loss

Chindex of Bethesda said it swung to a fourth-quarter loss of $2.7 million (20 cents a share), compared with a profit of $665,000 (5 cents) in the comparable period a year earlier. Revenue increased 40 percent, to $34.6 million. It attributed the loss to "non-routine year-end adjustments" and an interest...

By Terri Rupar | June 12, 2008; 11:31 AM ET | Comments (0)

American Woodmark Profit Down

From the Associated Press American Wooodmark said its fiscal fourth-quarter profit slid partly due to overhead and freight costs as well as escalating gas prices as sales declined. The Winchester-based cabinets manufacturer said profit slumped to $36,000 (no cents a share) compared with $6.2 million (40 cents) in the comparable...

By Terri Rupar | June 4, 2008; 01:20 PM ET | Comments (0)

Dyncorp Fourth-Quarter Profit Falls 48 Percent

From the Associated Press DynCorp International said fiscal fourth-quarter profit sank 48 percent, to $9.8 million (17 cents a share) from $18.9 million (33 cents) in the comparable period a year earlier, mostly on revenue lost from a joint venture. Revenue at the Falls Church-based contractor rose 4 percent, to...

By Terri Rupar | May 29, 2008; 11:10 AM ET | Comments (0)

Earnings: Argon ST, MCG, RCN

*Argon ST said second-quarter profit grew more than 32 percent, to $5.5 million (25 cents a share) from $4.2 million (18 cents) in the comparable period a year earlier. The Fairfax-based provider of systems and services for what is known as C5ISR -- command, control, communications, computers, combat systems, intelligence,...

By Terri Rupar | May 8, 2008; 11:28 AM ET | Comments (0)

Earnings: Allied Capital, FTI Consulting, GTSI, Hughes, and Interstate

From staff and wire reports *Allied Capital of the District posted a loss for the first quarter of $40.7 million (25 cents a share), compared with a profit of $133.1 million (87 cents) in the comparable period a year earlier, as the fund's investments in certain kinds of debt soured....

By Terri Rupar | May 7, 2008; 11:23 AM ET | Comments (0)

Earnings: Trex, CapitalSource

*Trex of Winchester said first-quarter profit grew 139 percent, to $8.9 million (60 cents) from $3.7 million (25 cents) in the comparable period a year earlier. Revenue grew 3.1 percent, to $119.5 million.* Ronald W. Kaplan, chief executive of the Winchester, Va.-based maker of composite decking and fencing materials, said,...

By Terri Rupar | May 6, 2008; 12:03 PM ET | Comments (0)

MicroStrategy Profit Falls; ComScore Shares Up

*MicroStrategy said last night that first-quarter profit fell about 16 percent, to $8.3 million (67 cents a share) from $9.8 million (75 cents) in the comparable period a year earlier. Revenue for the McLean company grew 20.5 percent, to $83.5 million. MicroStrategy said it was the 21st consecutive quarter of...

By Terri Rupar | May 2, 2008; 11:52 AM ET | Comments (0)

Earnings: ComScore, Liquidity Services, Sourcefire

From staff and wire reports *ComScore of Reston said first-quarter profit surged 64 percent, to $2.5 million (8 cents a share) from $1.5 million (no cents) in the comparable period a year earlier, to top Wall Street expectations on strong subscription revenue and raised its sales outlook for the full...

By Terri Rupar | May 1, 2008; 07:03 PM ET | Comments (0)

Earnings: Dominion, United Therapeutics, Vanda

*Dominion Resources of Richmond said its first-quarter profit surged 50 percent, to $680 million ($1.18 a share) from $453 million (65 cents) in the comparable period a year earlier, on strength in its generation business and higher volumes and prices in its exploration and production segment. Revenue fell 6 percent,...

By Terri Rupar | May 1, 2008; 11:12 AM ET | Comments (0)

 
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