Earnings Roundup: Dean Foods Company (NYSE:DF), Kohl’s Corporation (NYSE:KSS), Manulife Financial Corporation (USA) (NYSE:MFC), The Wendy’s Company (NASDAQ:WEN), Monster Worldwide, Inc. (NYSE:MWW) & AMC Networks Inc (NASDAQ:AMCX).
Following are some of the companies that reported their earnings today:
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Dean Foods Company (NYSE:DF) posted third-quarter net income of $36 million or $0.20 per share, compared to a net loss of $1.5 billion or $8.39 per share last year. Net sales for the quarter declined to $3.1 billion from $3.4 billion in the prior-year quarter. For the fourth quarter, the company expects adjusted earnings per share of between $0.27 and $0.32.
Kohl’s Corporation (NYSE:KSS) third-quarter profit increased to $215 million or 91 cents a share, from $211 million, or 80 cents a share, in the year-ago quarter. Sales for the quarter increased to $4.49 billion from $4.38 billion. Kohl’s reduced its 2012 outlook to $4.52 to $4.60 a share, from its earlier estimate of $4.50 to $4.65 a share.
Manulife Financial Corporation (USA) (NYSE:MFC) reported a net loss of $227 million, or 14 cents per share for the quarter ending on Sept. 30, compared with a loss of $1.28 billion, or 73 cents per share, a year earlier. The company also delayed its profit goal of $4 billion, by a year, to 2016, citing macro-economic conditions.
The Wendy’s Company (NASDAQ:WEN) reported its bigger net loss of $26.2 million, or 7 cents per share, for the third quarter, compared with a net loss of $3.9 million, or 1 cent per share, a year earlier. Revenue for the quarter rose 4.1 percent to $636.3 million. The company’s profit missed Wall Street’s estimates, as labor and marketing costs rose.
Monster Worldwide, Inc. (NYSE:MWW) announced a third-quarter net loss of $194.24 million, or $1.75 per share, against a profit of $31.83 million, or $0.26 per share, a year before. Revenue for the quarter was $221.71 million, down from $248.58 million in the previous year. Analysts estimated earnings per share of $0.05 on revenues of $234.00 million for the quarter.
AMC Networks Inc (NASDAQ:AMCX) reported a net income of $36.64 million, or $0.51 per diluted share, for the third quarter, compared to $40.00 million, or $0.55 per diluted share for the corresponding quarter last year. Net revenues increased to $332.05 million from $283.91 million. Analyst expected earnings of $0.37 per share on revenues of $288.46 million for the quarter.