Scotiabank Third-Quarter Profit Rises on Latin America Unit
Bank of Nova Scotia, Canadas third- largest bank by assets, said profit climbed for the 13th straight quarter on higher earnings from its international unit.
Net income for the third-quarter ended July 31 rose 19 percent to C$936 million ($842 million), or 93 cents a share, from C$784 million, or 77 cents, a year earlier, the Toronto- based bank said today in a statement sent by PR Newswire.
(Bank of Nova Scotia will hold a conference call at 2:30 p.m. Toronto time. To listen, dial (1) (800) 796-7558 at least five minutes in advance.
Source : bloomberg.com
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Colgate 1st-Qtr Profit Rises on Latin America, Asia Sales
Colgate-Palmolive Co., the worlds largest toothpaste maker, said first-quarter profit rose 8.1 percent on sales in Latin America and Asia.
Net income increased to $324.5 million, or 59 cents a share, from $300.1 million, or 53 cents, a year earlier. Sales in the period ended March 31 climbed to $2.87 billion from $2.74 billion, the New York-based company said today in a statement. Excluding items, Colgate earned 70 cents, exceeding analyst estimates.
Revenue in Latin America is increasing as the company introduces new toothpaste brands including Colgate Max Fresh. Chief Executive
Colgate 4th-Qtr Net Rises on Sales Gains, Lower Costs (Update6)
Colgate-Palmolive Co., the world's largest toothpaste maker, said fourth-quarter profit rose 26 percent, helped by higher sales in Latin America and lower costs.
Net income increased to $361.2 million, or 65 cents a share, from $285.7 million, or 50 cents, a year earlier. Sales climbed 3.6 percent to $2.9 billion, the New York-based company said today in a statement. The shares rose 3.7 percent, the biggest gain in a year, after profit excluding expenses exceeded analysts' estimates.
Revenue in Latin America, which accounts for about a quarter of total sales, rose
Mid-America Reports Strong First Quarter Results
Mid-America Apartment Communities, Inc. MAA (the Company) reported net income available for common shareholders for the quarter ended March 31, 2006, of $1,636,000, or $0.07 per common share, as compared to $613,000, or $0.03 per common share for the quarter ended March 31, 2005. Funds from operations (FFO), the widely accepted measure of performance for real estate investment trusts, was $20,781,000, or $0.84 per share/unit for the quarter ended March 31, 2006, compared to $18,741,000 or $0.79 per share/unit for the same quarter in the prior year.
This quarters FFO per share/unit of $0.84 is
ITW profit up, outlook boosted by North America
Diversified manufacturer Illinois Tool Works Inc. (ITW.N: Quote, Profile, Research) on Thursday posted a better-than-expected 25 percent increase in quarterly profit and boosted its full-year forecast on strong North American demand.
Net income in the second quarter rose to $465.8 million, or 81 cents a share, compared with $373.8 million, or 64 cents a share, in the year earlier quarter.
Analysts, on average, had expected second-quarter profit of 79 cents a share, according to Reuters Estimates.
The company, whose products include fasteners, food service equipment and countertop materials, previously had forecast earnings in the range of
Motorcar Parts of America, Inc. Announces Third Quarter Fiscal Year 2006 Results
Motorcar Parts of America, Inc. ("MPA") (OTC: MPAA), a leading provider of remanufactured alternators and starters for the automotive aftermarket, announced today financial results for the third quarter of fiscal 2006.
Revenues for the quarter ending December 31, 2005 were $30.3 million, up 25.2% from $24.2 million in the same quarter last year. Gross profit and gross margin were $6.9 million and 22.7%, respectively, as compared to $8.2 million and 33.8% in the third quarter of fiscal 2005. Gross profit in the third quarter of fiscal 2006 was negatively
