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Earnings roundup: General Growth, Radian



By AP
05 November 2008 @ 02:29 pm EST

Among the earnings stories for Wednesday, Nov. 5, from AP Financial Desk News:

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Quotes
GGP 1.83 0.23
RDN 3.94 -0.26
CMS 10.87 -0.18
CNP 12.72 -0.19

SYMBOL LOOKUP

CHICAGO (AP)--Shares of troubled mall owner General Growth Properties Inc. plunged Wednesday after the company reported disappointing third-quarter results, cut its year-end forecast and said it needs to refinance $900 million in debt by the start of next month.

PHILADELPHIA (AP)--Mortgage insurer Radian Group Inc. posted a third-quarter profit Wednesday, reversing a year-ago loss and coming in well ahead of the sharp loss forecast by Wall Street. The company's stock soared on the results.

CHICAGO (AP)--Telephone and Data Systems Inc., owner of sixth-ranked wireless carrier U.S. Cellular Corp., said Wednesday its third-quarter net profit shrank 56 percent from a year ago as fixed-lined customers continued to decrease.

JACKSON, Mich. (AP)--CMS Energy Corp., which operates the gas and power utility Consumers Energy, said Wednesday third-quarter earnings slipped, but still beat Wall Street estimates.

HOUSTON (AP)--CenterPoint Energy Inc. said Wednesday more customers and greater energy usage drove third-quarter earnings up 49 percent to top Wall Street expectations by a wide margin.

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 This material may not be published, broadcast, rewritten or redistributed.

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