Advertisement
  1. Archive

Earnings

DANKA BUSINESS SYSTEMS: The St. Petersburg company said earnings increased 37 percent in its second fiscal quarter to $19.7-million. Revenues in the quarter rose 96 percent to $823.5-million, reflecting the company's acquisition of the bulk of the copier business of Eastman Kodak Co.

REPUBLIC INDUSTRIES: The Fort Lauderdale company said Thursday that third-quarter earnings almost tripled, topping analysts' estimates, as strong performances in its auto rental and waste-management businesses offset losses from the startup of its used-car AutoNation USA superstores. Profit from continuing operations rose to $124.4-million, or 28 cents a share, from $43-million, or 12 cents, a year earlier. Revenue rose 95 percent to $3.12-billion from $1.6-billion.

WORLDCOM: The Jackson, Miss., long-distance phone company, which is battling to buy MCI Communications Corp., on Thursday reported it earned a better-than-expected $106-million, or 12 cents a share, in the third quarter amid a 57 percent jump in long-distance phone calls. That compared with a loss of $60.5-million, or 7 cents per share, in the year-ago period. The earlier results were calculated as if WorldCom's merger with MFS Communications Co., completed late last year, had already taken place. WorldCom said revenues grew to $1.9-billion from $1.46-billion, helped by increased demand for its long-distance, Internet and data transmission services for businesses.

UAL CORP.: The Chicago parent of United Airlines earned $579-million, or $5.61 a share, in the third quarter compared with $340-million, or $3.77 a share, a year earlier. That includes an after-tax gain of $235-million from UAL's sale of its stake in the Apollo Travel Services reservation business in the latest quarter and $38-million in charges a year ago due to several factors. Operating revenues rose to $4.6-billion from $4.5-billion a year ago.

YOU MIGHT ALSO LIKE

Advertisement
Advertisement