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Earnings roundup: BioScrip, Cimarex Energy



By AP
04 November 2008 @ 06:03 pm EST

Among the earnings stories for Tuesday, Nov. 4, from AP Financial News:

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BIOS 2.46 0.11
XEC 28.46 -1.69
ADM 28.34 0.05
PPL 32.21 0.03
THC 1.31 0.06
DNR 12.2 -1.47

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ELMSFORD, N.Y. (AP)--Pharmacy benefits manager BioScrip Inc. said Tuesday its profit slid 15 percent in the third quarter after it settled a civil suit with the U.S. Office of the Inspector General.

DENVER (AP)--Cimarex Energy Co. said Tuesday it swung to a loss during the third quarter due to a special impairment charge for its oil and gas properties as prices declined at the end of the quarter.

NEW YORK (AP)--Archer Daniels Midland Co. said Tuesday its fiscal first-quarter earnings more than doubled, beating Wall Street estimates as the company benefited from lower commodity prices and higher selling prices.

ALLENTOWN, Pa. (AP)--Power company PPL Corp. on Tuesday said its third-quarter earnings fell because of lower profit margins in its wholesale electricity business.

DALLAS (AP)--Tenet Healthcare Corp. said Tuesday it swung to a third-quarter profit on an investment sales gain, but results fell short of Wall Street forecasts and the company slashed its outlook as patients struggled to pay bills amid a worsening economy.

DALLAS (AP)--Denbury Resources Inc. said Tuesday its third-quarter profit more than doubled due in part to higher prices for crude and natural gas.

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 This material may not be published, broadcast, rewritten or redistributed.

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