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Earnings Roundup: Clear Channel, Gemstar



By AP
14 February 2008 @ 06:09 pm EST

Among the earnings stories for Thursday, Feb. 14, from AP Financial News:

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SAN ANTONIO (AP) Clear Channel Outdoor Holdings Inc. said Thursday its fourth-quarter profit jumped as a surge in revenue for its billboards and other outdoor advertisements offset an increase in costs.

NEW YORK (AP) Gemstar-TV Guide International Inc., publisher of TV Guide magazine and interactive television programming listings, swung to a fourth-quarter loss as a series of charges cut into the bottom line.

SAN JOSE, Calif. (AP) Brocade Communication Systems Inc., which provides data networking technologies, said Thursday fiscal first-quarter earnings fell 38 percent as costs rose faster than revenue.

CHELMSFORD, Mass. (AP) Semiconductor maker Hittite Microwave Corp. said Thursday its profit rose in the fourth quarter on strong revenue, but still missed Wall Street estimates.

HUNTINGTON BEACH, Calif. (AP) Casual restaurant-chain operator BJ's Restaurants Inc. said Thursday its fourth-quarter profit rose 31 percent, surpassing Wall Street's expectations, as sales rose despite a challenging operating environment.

LOS ANGELES (AP) Casual-dining chain operator California Pizza Kitchen Inc. on Thursday said fiscal fourth-quarter net income rose 30 percent with stronger sales.

HOUSTON (AP) Comsys IT Partners Inc., which provides temporary information technology staff and consulting services, said Thursday its fourth-quarter profit rose 67 percent on lower interest payments and other costs.

PHOENIX (AP) Solid waste services company Allied Waste Industries Inc. said Thursday its fourth-quarter profit soared versus a prior-year quarter weighed down by one-time charges.

MINNEAPOLIS (AP) Medical device maker American Medical Systems Holdings Inc. said Thursday it swung to a fourth-quarter loss on a hefty legal charge.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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