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WRIT’s FFO drops in quarter
Washington REIT, of Rockville, an equity real estate investment trust investing in income-producing properties in the Washington metro region, reported a drop in funds from operations for the second quarter — $25.2 million, or 38 cents per diluted share, compared to $30.8 million and 46 cents in the same period last year. The company said […]
Shore Bancshares up in second quarter
Shore Bancshares Inc., the parent company of two banks, The Talbot Bank of Easton and CNB, reported a nearly $1 million increase in net income for the second quarter, ended June 30. Profit was $1.3 million, or 13 cents per diluted share, compared to $361,000 and 4 cents for the prior-year period. Shore Bancshares attributed […]
Northrop Grumman hikes forecast
(Bloomberg) Northrop Grumman Corp., the maker of Global Hawk drones, topped analysts’ profit estimates in the second quarter and boosted its full-year forecast. Net income rose 4.7 percent to $511 million, or $2.37 a share, in the quarter, from $488 million, or $2.05, a year earlier, the company said Wednesday. The average estimate of 20 […]
Southwest Airlines ekes out 1 cent per share profit for quarter
DALLAS — By the thinnest of margins, Southwest Airlines Co. made money in the first quarter despite higher fuel prices. Southwest also said Thursday it expects to close its $1.4 billion purchase of AirTran Airways on May 2, increasing its size overnight by one-fourth. Southwest, the largest carrier at Baltimore-Washington International Thurgood Marshall Airport, said […]
Freddie Mac posts $4.1B loss for Q3
WASHINGTON — Government-controlled mortgage buyer Freddie Mac on Wednesday posted a narrower loss of $4.1 billon in the third quarter as it asked for an additional $100 million in federal aid — substantially less than the $1.8 billion it sought in the second quarter. Freddie Mac’s loss attributable to common stockholders for the July-September quarter […]
First Mariner reports lower 3Q loss of $4.6M
1st Mariner Bancorp, parent company of First Mariner Bank, reported a net loss of $4.6 million in the third quarter, a decline from the $12.9 million loss recorded in the same quarter last year. The bank had total revenue of $19.3 million for the quarter ending Sept. 30, which was a 37 percent increase from […]
Southwest sees 3Q profit on higher fares and traffic
Southwest Airlines Co. is making money as more people travel on the nation’s largest discount airline. Southwest said Thursday it earned $205 million in the July-through-September quarter. Traffic was up about 5 percent, which along with higher average fares pushed revenue up 20 percent. CEO Gary Kelly said the outlook for October is excellent too. […]
New York Times Co. reports 3Q loss
NEW YORK — The New York Times Co. reported a small loss for the third quarter on Tuesday, hurt by one-time expenses and another drop in print advertising revenue. The publisher of The New York Times, The Boston Globe, the International Herald-Tribune and 15 other daily newspapers has been trying to offset declines in its […]
Apple 4Q net income soars 70 percent
SEATTLE — Apple Inc. said Monday that net income for the most recent quarter soared 70 percent on strong sales of iPhones, though iPad sales fell short of expectations. Shares fell in after-hours trading. Apple’s stock had been breaking through record-high prices for more than a week on high hopes for the iPad. Apple sold […]
CRE report offers 4th-quarter hope
The Baltimore office market saw little significant movement in the third quarter, but analysts and brokers say there was enough activity to make them a little more optimistic about a recovery in commercial real estate. The overall vacancy rate increased slightly to 13.8 percent from the second quarter, according to Cushman & Wakefield’s latest MarketBeat […]
