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Earnings roundup: Continental, JPMorgan Chase



By AP
17 July 2008 @ 10:33 am EST

Among the earnings stories for Thursday, July 17, from AP Financial News:

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CAL 18.06 0.11
ITW 47.91 -0.01
NUE 48.45 1.07

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DALLAS (AP)--Continental Airlines Inc. said Thursday it swung to a second-quarter loss, hurt by record high fuel prices and weakening economic conditions.

NEW YORK (AP)--JPMorgan Chase's profit took a 53 percent hit in the second quarter as mortgage and other loan defaults worsened, but the bank's results were better than expected and gave Wall Street a lift.

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GLENVIEW, Ill. (AP)--Industrial products and equipment manufacturer Illinois Tool Works Inc. said Thursday its second-quarter earnings rose 4 percent, helped by an acquisition and foreign currency exchange gains.

CHARLOTTE, N.C. (AP)--Steel maker Nucor Corp. says strong shipments and growing margins lifted its second-quarter profit by 68 percent, beating 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 This material may not be published, broadcast, rewritten or redistributed.

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