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Earnings Roundup: E.ON, Deutsche Post



By AP
06 March 2008 @ 10:53 am EST

Among the earnings stories for Thursday, March 6, from AP Financial News:

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URBN 24.33 -2.22
AOB 5.18 -0.64
JOYG 31.08 -6.14
TWGP 23.55 -0.04
TWMC 2.5 0.06
NXST 1.42 -0.31

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FRANKFURT, Germany (AP) Power provider E.ON AG said Thursday that its 2007 profit jumped 29 percent on improved revenue from its generation operations in Europe.

FRANKFURT, Germany (AP) Deutsche Post AG said Thursday its fourth-quarter profit slid by more than 60 percent after it wrote down the value of its U.S.-based DHL express shipping unit, but the company stuck to its profit outlook.

PHILADELPHIA (AP) Urban Outfitters Inc. said Thursday its fourth-quarter profit surged 50 percent on fewer markdowns and increased same-store sales.

AMSTERDAM, Netherlands (AP) Royal Ahold NV, the operator of the Stop & Shop and Giant chains in the United States, reported a 9.2 percent rise in fourth-quarter earnings on Thursday on strong results from its Dutch grocery operations.

NEW YORK (AP) Pharmaceutical company American Oriental Bioengineering Inc. said Thursday its fourth-quarter profit grew 40 percent on strong pharmaceutical sales growth.

MILWAUKEE (AP) Mining equipment maker Joy Global Inc. said Thursday its fiscal 2008 first-quarter earnings rose 19 percent on continued international strength and improving U.S. coal market demand.

NEW YORK (AP) Property and casualty insurer Tower Group Inc. said Thursday fourth-quarter earnings fell 29 percent as an investment loss offset higher premium income.

ALBANY, N.Y. (AP) Trans World Entertainment Corp. said Thursday it fell to a fiscal fourth-quarter loss, hurt by an impairment charge, tax expense and one less week in the period.

IRVING, Texas (AP) TV station owner Nexstar Broadcasting Group Inc. said Thursday a decline in political advertising caused it to swing to a fourth-quarter loss, but it still beat Wall Street expectations.

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 This material may not be published, broadcast, rewritten or redistributed.

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