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Southwest stock plunge drags down airlines on weakness in fares
Southwest Airlines Co. sent airline shares tumbling with a bleak view that sharper competition will drive down airfares more than in previous quarters. Prices have been softening all year and the discount carrier has seen particular weakness in tickets sold just before travel over the past several weeks, Southwest Chief Executive Officer Gary Kelly said […]
Lockheed beats analyst estimates as fighter-jet deliveries climb
Lockheed Martin Corp. reported second-quarter profit that topped analysts’ projections, bolstered by higher deliveries of F-35 Lightning II fighter jets. Earnings were $3.32 a share, Lockheed said in a statement Tuesday. The results exceeded the $2.93 average of 16 estimates compiled by Bloomberg. Revenue of $12.9 billion was more than the $12.6 billion analysts anticipated. […]
Sinclair optimistic about 2016 political spending
Sinclair Broadcasting Group Inc. executives are optimistic about political ad revenue this year despite Donald Trump remaining the front-runner to win the Republican nomination for president. Trump didn’t spend any money on TV ads by the end of 2015, letting his soundbite-laden speeches and interviews do most of the work. Ahead of the Iowa caucuses […]
Discovery Communications reports 4Q profit but misses forecasts
SILVER SPRING — Discovery Communications Inc. (DISCK) on Thursday reported fourth-quarter profit of $219 million. The Silver Spring, Maryland-based company said it had profit of 34 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per […]
Stromberg shares vision for T. Rowe Price following earnings release
With 28 years of company experience under his belt and a month as its leader, T. Rowe Price CEO William J. Stromberg said he plans to expand the Baltimore investment firm’s reach both in the United States and abroad using the company’s traditional slow and steady approach. “My stamp will come through daily, weekly, monthly […]
Men’s Wearhouse struggles continue, stock falls
NEW YORK — Men’s Wearhouse’s is struggling as it tries to figure out the best strategy for its business since buying rival Jos. A. Bank. The men’s clothing retailer reported Wednesday that sales at Jos. A Bank locations open at least a year tumbled 14.6 percent in the third quarter as fewer customers visited those […]
TeleCommunication Systems announces 3Q earnings
Annapolis-based wireless communication technology provider TeleCommunication Systems Inc. on Thursday reported results for the three months ended September 30, 2015. Revenue was $101.1 million, up 15 percent from the prior quarter’s revenue of $87.9 million, and up 6 percent year-over-year from the same period in 2014 revenue of $95.3 million. Adjusted EBITDA was $12.9 million, up 37 [...]
Md. business training firm shows YOY revenue, earnings decrease in third quarter
A Columbia-based business training firm showed decreases year-over-year revenue and earnings when it released its third quarter financial results on Thursday. GP Strategies Corp.’s revenue for the quarter, which ended September 30, was $122.9 million, down slightly from $123.9 million in the same quarter in 2014. Its diluted earnings per share were 22 cents, including […]
How Comcast wants to meter the Internet
NEW YORK — This year marked a turning point for Comcast, the cable giant: It now has more Internet than TV customers. And it’s trying out how to charge you for the amount of data you use, much the way Verizon and AT&T do for wireless customers. Why risk doing something that upsets customers? Most […]
Md. high-speed networking tech firm’s shares rise on 3Q profit
HANOVER — Shares of Ciena Corp. rose Thursday after the developer of high-speed networking technology reported a larger third-quarter profit and gave a solid forecast for the fourth quarter. Ciena said its net income grew 46 percent to percent to $23.6 million, or 19 cents per share. Excluding items like amortization costs and stock-option expenses, […]
Medifast says 2nd quarter results show restructuring paying off
Owings Mills-based Medifast Wednesday reported its second-quarter results, with earnings of $.48 per diluted share meeting analysts’ forecasts. The company’s net revenue from continuing operations was $5.8 million compared to $6.6 million, or $0.50 per diluted share, for the second quarter of 2014. Medifast net revenue from continuing operations decreased 3 percent to $72.2 millio[...]
Sinclair Broadcast Group announces quarterly profit, dividend
Cockeysville-based Sinclair Broadcast Group Inc. on Wednesday reported financial results for the three and six months ended June 30, 2015. For the three months ended June 30, revenues were up 21.8 percent to $554.2 million; operating income was up 11 percent to $114.3 million and the stock had diluted earnings of 48 cents per common […]
