Earnings
November 03, 2008
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Pepsi - Pepco Holdings Inc. late Monday reported its third-quarter net income fell to $118.8 million, or 59 cents a share, from $167.6 million, or 87 cents a share, in the same quarter a year ago. "During the third quarter, our results were adversely affected by lower sales in our Power Delivery business caused by both milder weather and lower non-weather related customer usage," said Chairman and Chief Executive Dennis Wraase, in a statement. Operating revenue increased to $3.06 billion from $2.77 billion, said the power provider. Analysts surveyed by FactSet had forecast earnings of 71 cents a share.
Copyright © 2008 MarketWatch, Inc.
Mastercard - Mastercard Inc. reported a third-quarter net loss of $194 million, or $1.49 a share, late Monday. That compares to net income of $314 million, or $2.32 a share, a year earlier. Excluding a $515.5 million net after-tax charge related to an antitrust litigation settlement, Mastercard said quarterly net income was $322 million, or $2.47 a share. Net revenue for the third quarter was $1.3 billion, up 23.6% versus the same period in 2007. "As we are not immune from the long-term effects of the current economic environment, we have significantly accelerated the focus on our cost structure," Mastercard Chief Executive Robert Selander said in a statement.
Copyright © 2008 MarketWatch, Inc.
Anadarko Petroleum - Anadarko Petroleum Corp. said late Monday that its third-quarter profit rose to $2.17 billion, or $4.62 a share, from $481 million, or $1.03 a share, in the year-ago period. Excluding one-time items, the company would have reported earnings of $1.62 a share for the latest quarter. Analysts surveyed by Thomson Reuters estimated a quarterly profit of $1.48 a share. Revenue rose to $6.15 billion from $3 billion last year.
Copyright © 2008 MarketWatch, Inc.
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