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Earnings Roundup: Thornburg, Veolia



By AP
07 March 2008 @ 02:33 pm EST

Among the earnings stories for Friday, March 7, from AP Financial News:

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SANTA FE, N.M. (AP) Thornburg Mortgage says it will restate its 2006 and 2007 earnings as it takes additional write-downs on the value of certain mortgage holdings.

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PARIS (AP) Veolia Environnement SA, the world's biggest water company, said Friday that net profit rose 22 percent last year, buoyed by the impact of recent acquisitions and lower tax charges in Germany and Britain.

NEW YORK (AP) Shares of U.S. Auto Parts Network Inc. lost nearly a third of their value Friday after the online retailer's fourth-quarter results widely missed Wall Street's estimates due in part to litigation charges.

NEW YORK (AP) Shares of Answers Corp. climbed Friday after the Answers.com reference Web site operator said its fourth-quarter loss narrowed as advertising revenue rose and the company predicted revenue growth in 2008.

ANCHORAGE, Alaska (AP) General Communication Inc. said Thursday its profit rose sharply during the fourth quarter as it boosted consumer business, despite challenges in its carrier segment.

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 This material may not be published, broadcast, rewritten or redistributed.

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