DOW JONES NEWSWIRES
Below is a synopsis of major quarterly releases from Thursday
afternoon:
Disney Profit Sags As Revenue Drops Across Co
Walt Disney Co.'s (DIS) profit dropped 26% on lower revenue
across the company, including a 12% drop in its studio operations.
Shares fell 1.6% to $25.90 in after-hours trading as the media and
entertainment giant's revenue fell short of analysts'
estimates.
MetLife Swings To Loss On Investment Losses
MetLife Inc. (MET) swung to a loss as the company recorded
another $3.83 billion of investment losses, which have mounted for
insurers since markets melted down last year. Operating earnings
beat handily analysts' expectations but revenue fell short.
Genworth Loss Narrows On Smaller Investment Losses But Shares
Fall
Genworth Financial Inc.'s (GNW) loss narrowed as the insurance
and financial-services company reported sharply smaller investment
losses. But shares fell 6.5% to $6.65 in after-hours trading as
earnings excluding investment impacts were far below analysts'
expectations.
YRC Swings To Loss As Volume Keeps Falling, Misses Street
View
YRC Worldwide Inc. (YRCW) swung to a loss as the trucking
giant's shipping volume continued to fall. Shares slumped 15% to
$1.43 in after-hours trading as the company's results badly missed
Wall Street's estimates. Per-day tonnage for its national segment
slumped 39%, with the regional business seeing a 26% decrease.
McAfee Earnings Fall On Higher Charges, Gives Modest Outlook
McAfee Inc.'s (MFE) earnings slid 40% on increased charges and
taxes, but the antivirus-software maker said it reported a record
quarterly profit excluding items. Shares fell 1.6% after-hours to
$41.90 as the company also gave a modest outlook for the current
quarter.
First Solar Helped By Better Revenue; Pricing Hurts
Evergreen
First Solar Inc. (FSLR) continued to shine among its struggling
peers, as its profit more than doubled on higher revenue and
margins, while Evergreen Solar Inc. (ESLR) swung to a wider loss
amid lower pricing. First Solar shares jumped 10% to $191.48 in
after-hours trading as results topped analysts' estimates.
Evergreen added 1.3% to $2.41.
Las Vegas Sands Loss Widens; Revenue Misses Estimates
Las Vegas Sands Corp.'s (LVS) loss - its sixth in a row -
widened amid charges and declining revenue as the casino giant also
increased its cost savings target to about $500 million a year.
Shares dropped 7% to $10.37 in after-hours trading as net revenue
fell short of Wall Street estimates.
Stronger Dollar Hurts Pitney Bowes; Co Lowers Year View
Pitney Bowes Inc.'s (PBI) profit dropped 8.8% as revenue
declined amid the weak economic climate and the stronger dollar
weighed on results. The provider of mail products and services
lowered its full-year outlook, saying it hadn't seen any indication
mail-intensive industries would improve this year. Shares were down
9.4% to $21.30 in after-hours trading as it also posted results
below Wall Street's expectations.
Monster Worldwide Swings To Loss; Cost-Cutting Continues
Monster Worldwide Inc. (MWW) swung to a loss, its second in a
row, as the online job-search company continues to flounder amid a
dismal employment environment. Chief Executive Sal Iannuzzi said
the company is cutting costs while continuing to invest in new
technology and expand its sales force. Shares of Monster rose 2
cents to $13.76 in after-hours trading.
WebMD Earnings Zapped By Charges; HLTH Posts Wider Loss
WebMD Health Corp.'s (WBMD) earnings fell 67% amid charges from
shedding its printing business, while parent company HLTH Corp.
(HLTH) posted a wider loss, even as both saw increases in revenue.
The health-information-service providers, neither of which were
active in after-hours trading, agreed to merge last month after
canceling an earlier deal.
CEC Entertainment Profit Slips, Says Visibility Cloudy
CEC Entertainment Inc.'s (CEC) profit fell 20% as the parent of
Chuck E. Cheese said sales fell because of "unprecedented" external
challenges including an impact from the H1N1 influenza pandemic. In
after-hours trading, CEC shares slipped 2% to $33 as the results
fell slightly short of analysts' expectations. The company said the
sales visibility remains clouded and didn't project any specific
guidance for the future.