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Tag Archives: second quarter

Under Armour’s profit up 77 percent, revenue forecast raised

Under Armour Inc. said Tuesday that its second-quarter profit increased more than 77 percent over last year thanks to boosts in apparel and direct-to-consumer sales, and raised its 2011 revenue forecast. The Baltimore-based firm had net income of $6.2 million, ...

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T. Rowe Price says profit, assets under management up again

Assets under management and profit continued to grow at T. Rowe Price Group Inc. in the second quarter, aided by better market returns and healthy deposits from individual and institutional investors. For the quarter that ended June 30, the Baltimore-based ...

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Host Hotels 2Q FFO improves on better occupancy

BETHESDA — Host Hotels & Resorts Inc. said Wednesday that its second-quarter funds from operations improved as the lodging real estate investment trust saw occupancy improve and room rates climb. Funds from operations, or FFO, increased to $210 million, or ...

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Capital One 2Q profit up, plans $2B stock offering

MCLEAN, Va. — Capital One Financial Corp. said Wednesday that its second-quarter profit climbed 50 percent as it made more money from deposits, loans and fees. The financial services company also announced a $2 billion stock offering. The earnings beat ...

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Ciena stock dives after disappointing 2Q results

Shares of network equipment maker Ciena Corp. fell sharply Wednesday after it reported a larger loss and lower revenue than Wall Street expected, coupled with a disappointing forecast for the current quarter. The shares fell $3.92, or nearly 16.2 percent, ...

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