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Earnings roundup: Health Net, Ameren



By AP
04 November 2008 @ 02:44 pm EST

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

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HNT 13.38 0.68
AEE 32.76 -0.55
JOE 25.41 -0.19
ADP 40.81 0.81
JEC 49.63 -4.39
PER 13.73 -0.13

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LOS ANGELES (AP)--Health Net Inc. said Tuesday it swung to a third-quarter profit, but results were weaker than expected due to rising medical costs, prompting the health insurer to slash expectations for the year and shake up management.

ST. LOUIS (AP)--Electric utility Ameren Corp. said Tuesday its third-quarter profit dropped 16 percent as consumers cut back on energy usage due to milder weather.

JACKSONVILLE, Fla. (AP)--Florida real-estate developer St. Joe Co. said Tuesday its losses nearly tripled in the third quarter as the state's housing market continued to slump.

ROSELAND, N.J. (AP)--Automatic Data Processing Inc. posted earnings Monday that beat Wall Street expectations but also signaled some belt tightening ahead as the economic picture sours.

PASADENA, Calif. (AP)--Construction services provider Jacobs Engineering Group Inc. said its fiscal fourth-quarter profit jumped 36 percent on strong demand for its services. Its shares rose more than 5 percent Tuesday morning.

PLANO, Texas (AP)--Shares of Perot Systems Corp. tumbled Tuesday after the information technology services provider gave a disappointing guidance for the fourth quarter.

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 This material may not be published, broadcast, rewritten or redistributed.

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