Raytheon Reports a Decline in Earnings
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Raytheon reported slightly lower third-quarter profit yesterday, hurt by losses from a unit it is selling, and forecast next yearâs profit would fall below Wall Streetâs average estimate.
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Hain Celestial Group Inc. said Wednesday that fiscal first-quarter net income fell slightly as the company incurred higher costs for ingredients and freight.
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Exxon Mobil Corp.  reported a  slight decline in fourth-quarter earnings Thursday due to lower  natural gas prices and shrinking profits from gasoline sales.
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Merck & Co. MRK.N on Thursday  reported a 28 percent drop in quarterly profit and said 2004  earnings will fall as much as 11 percent due to last month's  recall of its Vioxx arthritis drug.
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The nation's largest satellite television provider saw its net profit shrink by two percent and customer growth remained flat.
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Applied Materials Inc  on Tuesday posted a lower quarterly profit as revenue declined 8 percent amid a slump in the semiconductor equipment manufacturing industry.
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Lucent Technologies Inc.  on Wednesday posted lower quarterly earnings and disappointing sales despite improved demand for wireless network products, and the telecommunications gear maker's shares fell.
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U.S. stocks fell on Thursday after a report showed business activity in the Midwest contracted in November for the first time in 3 1/2 years, dimming the outlook for corporate profits.
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Texas Instruments Inc , the  biggest maker of chips for mobile phones, on Monday reduced its  fourth-quarter earnings outlook on lower-than-expected chip  revenue.
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American International Group Inc.,  said on Wednesday earnings fell 29 percent as revenues  declined, realized losses on investments widened, and business  in Asia trailed off.
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Defense contractor Raytheon Co.  RTN.N on Thursday said quarterly profit rose 16 percent,  helped by higher spending on its Patriot missile systems and  other military products and lower tax payments.
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Media giant Time Warner Inc. said Wednesday that third-quarter earnings declined year-over-year, and said it established $500 million in legal reserves related to pending government investigations and intends
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Company reports a decline in its router business during its quarterly earnings, which barely met analyst expectations.
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Software maker meets earnings projects but applications business languishes with unit's sales down 36 percent.
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French media and technology group Lagardere on Monday posted disappointing annual net profits, due partly to a fall in income from its stake in the troubled European aerospace group EADS, the parent group of plane-maker Airbus.
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Second-quarter profit fell by  two-thirds at plane and train maker Bombardier Inc. BBDb.TO  as its regional aircraft business lagged a rebound in the  business jet market, the company said on Wednesday.
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The commercial insurer said profit declined on lower premiums and investment income, but the results still beat Wall Street expectations.