- Comcast Corporation (NASDAQ:CMCSA) (NASDAQ:CMCSK), net income more than doubled in the third quarter, owing to the sale of wireless spectrum and its stake in the A&E TV channel. The Philadelphia-based company’s net income rose to $2.11 billion, or 78 cents per share, from $908 million, or 33 cents per share, a year earlier. Revenue exceeded analyst estimates, grew 15 percent to $16.54 billion. The Philadelphia-based company lost 117,000 video subscribers in the quarter, leaving it with about 22 million.
- The Goodyear Tire & Rubber Company (NYSE:GT) posted a drop in third-quarter net income and revenue on lower tire sales in Europe. The Akron, Ohio based company, reported net income of $110 million, or 41 cents per share for the quarter ending in September, compared with $161 million, or 60 cents per share, a year earlier. Revenue for the period fell 13 percent to $5.26 billion against the analyst expectations of $5.87 billion. The Goodyear Tire & Rubber Company (NYSE:GT) said tire sales for the quarter totaled 41.8 million, down 12 percent from 2011, mainly due to weaker sales in Europe.
- KKR & Co. L.P. (NYSE:KKR) reported a third-quarter profit, after a loss a year earlier as the value of its holdings rose. The company’s Economic net income after taxes (measure of profit excluding some costs) was $487.3 million, or 69 cents a share, compared with a loss of $621.7 million, or 91 cents, a year earlier. The Economic net income beats the analyst estimates of 46 cents a share. KKR & Co. L.P. (NYSE:KKR)’s private-equity portfolio rose 6.1 percent during the quarter and 20 percent this year through Sept. 30, beating the 5.8% and 15% of Standard & Poor’s 500 Index, a benchmark for large U.S. stocks. The company’s total assets under management rose 7.8 percent since the second quarter, and fee-paying assets rose 6.6 percent to $50.3 billion.
- Moody’s Corporation (NYSE:MCO), net income for the third quarter rose by 40.7% to $183.9 million (81 cents per share) against $130.7 million (57 cents per share) in the same quarter a year earlier. Revenue for the period rose by 29.6% to $688.5 million from the year-earlier quarter. The company’s revenues and adjusted net income of 75 cents per share exceeded the analyst estimates of $632.1 million and 64 cents per share.
- Legg Mason, Inc. (NYSE:LM) reported a 42 percent rise in quarterly profit, as it reported the first quarterly net inflow since 2007. For the second quarter, the company reported net income of $80.8 million, or 60 cents per share, compared with 56.7 million, or 39 cents per share, in the same period a year earlier. The Baltimore-based company’s earnings beat the analyst estimates of 55 cents per share.
- Arch Coal Inc (NYSE:ACI) reported a net income of $45.8 million, or 22 cents per share for the third quarter, compared with with $8.9 million, or 4 cents per share, a year earlier. Revenue at the St. Louis-based company fell 9 percent to $1.09 billion. The company said Friday that cost-control measures have helped it to improve third-quarter results well above Wall Street expectations.
- Expedia Inc (NASDAQ:EXPE) reported a drop of 18% in the third quarter net income to $171.5 million, or $1.21 per share, from $209.5 million, or $1.50 per share, last year. Last year, profits were contributed from businesses that Expedia Inc no longer owns. Third quarter revenue for the firm increased to $1.20 billion, up from $1.02 billion. After adjusting for onetime items, earnings were $188 million, or $1.32 per share, up from $180.5 million, or $1.28 per share, a year ago.
- Pilgrim’s Pride Corp. (NYSE:PPC) posted a third-quarter profit amid improving margins and nearly flat input costs. The company reported a profit of $42.9 million, or 17 cents a share, compared with a year-earlier loss of $162.5 million, or 72 cents a share. Revenue for the period rose 9.4% to $2.07 billion. The poultry processor’s gross margin jumped to 5.1% from negative 3.3%.
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