(AP) - Among the earnings stories for Monday, Oct. 22, from AP Financial
News:
Top stories:
NEW YORK (AP) -- American Express Co., one of the nation's biggest
credit-card issuers, said Monday that higher spending by cardholders pushed
third-quarter profit up 10 percent.
Other stories:
CLEARWATER, Fla. (AP) -- Lincare Holdings Inc. on Monday reported
third-quarter profits slightly above Wall Street expectations, mainly due to
increased sales of oxygen and respiratory services.
GREENWICH, Conn. (AP) -- W.R. Berkley Corp.'s profit climbed 3 percent
during the third quarter as the insurer countered a decline in insurance
premiums by earning more off its investments, the company said Monday.
SUNNYVALE, Calif. (AP) -- Microchip maker Zoran Corp. said Monday its
third-quarter profit multiplied, helped by strong chip sales for digital
cameras.
TRENTON, N.J. (AP) -- Pharmaceutical companies Schering-Plough Corp. and
Merck & Co. posted strong sales Monday from their joint venture on cholesterol
drugs, but otherwise their third-quarter earnings reports -- and investor
reaction -- were strikingly different.
SAN FRANCISCO (AP) -- Netflix Inc.'s third-quarter profit soared past
analysts' expectations as the online DVD rental pioneer battled rival
Blockbuster Inc. with a price-cutting strategy that helped revive subscriber
growth.
LAKE FOREST, Ill. (AP) -- Pactiv Corp., which makes Hefty trash bags, said
Monday third-quarter profit fell 42 percent, despite higher revenue, as year-ago
results were boosted by a foreign exchange gain.
NEW YORK (AP) -- Bermuda-based insurance and reinsurance company Everest Re
Group Ltd. on Monday said its third-quarter net income rose slightly, beating
Wall Street estimates as total revenue gains outpaced rising claims and
expenses.
FOLSOM, Calif. (AP) -- Solid waste services company Waste Connections Inc.
said Monday its third-quarter earnings rose 31 percent, helped by growth in its
existing businesses and contributions from acquisitions.
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