(AP) - Among the earnings stories for Thursday, Feb. 14, from AP Financial
News:
BIRNMINGHAM, Ala. (AP) -- Asphalt and concrete supplier Vulcan Materials Co.
said Thursday its fourth-quarter profit tumbled 26 percent, citing the drop in
residential construction activity.
NEW YORK (AP) -- Diversified manufacturer Ingersoll-Rand Co. Ltd. reported
Thursday its profit spiked on gains from the sale of its Bobcat division and
other businesses, but earnings from continuing operations were hurt by larger
tax costs.
LINTHICUM HEIGHTS, Md. (AP) -- Foundation Coal Holdings Inc. said Thursday
it swung to a fourth-quarter profit, on rising coal shipments, higher average
prices and a year-ago period that was hurt by a hefty write-down.
FORT WORTH, Texas (AP) -- Oil and gas company Encore Acquisition Co. said
Wednesday fourth-quarter earnings surged 93 percent, beating Wall Street
forecasts, on rising oil prices.
NEW YORK (AP) -- MFA Mortgage Investments Inc.'s profit quadrupled in the
fourth quarter as the mortgage investor capitalized on the turmoil in financial
markets by buying cheap bonds, the investment fund said Thursday.
POUGHKEEPSIE, N.Y. (AP) -- CH Energy Group Inc., a New York utility and fuel
distributor, said Thursday fourth-quarter earnings rose 17 percent as higher
rates and increased power consumption boosted revenue.
CHARLOTTE, N.C. (AP) -- Oil and hazardous waste manager EnPro Industries
Inc. said Thursday it swung to a fourth-quarter profit on lower
asebestos-related expenses.
Copyright 2007 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|