Profits Drop

 
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2014/2/13
By Rogerio Jelmayer SAO PAULO--Brazil's state-run Banco do Brasil SA (BBAS3.BR), Latin America's largest bank in terms of assets, reported a 23.7% drop in its fourth-quarter net profit on increased provisions and expenses.
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ROME-- Eni SpA's fourth-quarter net profit dropped 14% on the year, as the Italian oil and natural gas company suffered disruptions to its large business in Africa, weaker refining results and the appreciation of the euro against the U.S. dollar.
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By Paulo Winterstein SAO PAULO--Brazil's biggest railroad operator ALL America Latina Logistica (ALLL3.BR) said Tuesday that third-quarter profit dropped 43% to 60.3 million Brazilian reais ($27 million) as bottlenecks at the country's ports reduced the volume transported by the company.
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2013/11/8
MADRID--Telefonica SA (TEF) Friday posted a 21% drop in third-quarter net profit from the same period a year earlier, largely the result of weaker Latin American currencies against the euro, but said it has already met its annual debt-reduction target and is making significant progress in its battered Spanish operations.
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2013/11/8
By David Roman MADRID--Telefonica SA (TEF) Friday posted a 21% drop in third-quarter net profit from the same period a year earlier, largely the result of weaker Latin American currencies against the euro, but said it has already met its annual debt-reduction target and is making significant progress in its battered Spanish operations.
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By Margot Patrick LONDON (MarketWatch) -- Barclays PLC on Wednesday said it is trawling through records in its foreign exchange trading business as part of a widening global probe into potential manipulation of currency rates.
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2014/3/4
By Alex MacDonald LONDON--Mexican precious metals miner Fresnillo PLC (FRES.LN) recommended a special dividend after reporting a drop in net profit Tuesday stemming from lower silver prices that more than offset higher gold prices and output.
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2013/10/31
By Rogerio Jelmayer SAO PAULO--Companhia de Bebidas das Americas (ABV), or AmBev, reported a drop in its third-quarter net profit due to lower beer sales.
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2013/10/28
By Liam Moloney Saipem SpA (SPM.MI) Monday trimmed its 2013 revenue forecasts after it reported a 60% fall in net profit in the third quarter, adding to the sense of pessimism that has seen it shed almost half its value and issue two profit warnings this year.
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2014/2/26
New York (MarketWatch) -- Target Corp.
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2014/2/12
By Kjetil Malkenes Hovland OSLO--Norwegian fertilizer producer Yara International ASA (YAR.OS) Wednesday reported a sharp fall in fourth-quarter net profit as an oversupplied urea market led to such high-cost producers as China and Ukraine to curtail production.
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By Anna Prior Valero Energy Corp.'s (VLO) third-quarter profit shrank 54% as total expenses climbed 6.5%, masking a rise in revenue.
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SAN FRANCISCO (MarketWatch) -- Seagate Technology (STX) on Monday reported a fiscal first-quarter profit of $427 million, or $1.16 a share, compared with a profit of $582 million, or $1.42 a share, for the year-earlier period.
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2014/1/30
By Peter Loftus Eli Lilly & Co.
Sign-up for Eli Lilly Profit Drops; Sanofi Files Patent Suit Vs Co. -- 2nd Update investment picks
2014/2/12
By Anna Prior Cisco Systems Inc. posted a 7.8% decline in revenue in its fiscal second quarter, matching the unusually grim forecast it issued in November.
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By Rogerio Jelmayer SAO PAULO--Banco Santander Brasil SA (BSBR, SANB11.BR) on Thursday said its net profit declined in the third quarter, after lending slowed and costs increased as economic growth cooled again during the quarter.
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WARSAW--Poland's Bank Polska Kasa Opieki S.A. (PEO.WA), the country's second-largest bank by assets, said Tuesday its third-quarter net profit fell 18% from a year earlier due to falling net interest income.
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By Andrew R.
Sign-up for Ally Financial Profit Drops on Charges, Costs investment picks
ATHENS--Greece's Coca-Cola HBC AG said sales and profits slipped in what is usually its best quarter on weak demand in its core European markets.
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By Ben Fox Rubin Eli Lilly & Co.
Sign-up for Eli Lilly Profit Drops After Cymbalta Patent Expiration investment picks

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Profits Drop
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