Among the earnings stories for Monday, Nov. 10, from AP Financial News:
Top stories:
Canadian telecommunications equipment maker Nortel Networks Corp. posted a third-quarter loss Monday, reversing a year-ago profit as revenue declined amid the economic turmoil and a large goodwill impairment charge weighed on results.
Other stories:
PLANO, Texas (AP)--Cinemark Holdings Inc. on Monday reported a third-quarter profit above Wall Street's expectations as the movie theater operator's ticket prices and concession revenues increased.
BETHESDA, Md. (AP)--Investment firm American Capital Ltd. said Monday it moved to a loss during the third quarter because of unrealized depreciation on investments.
NEW YORK (AP)--Warner Chilcott Ltd. said Monday its third-quarter profit surged, beating Wall Street estimates as the drug company continued to cut general and research and development expenses.
SAN ANTONIO (AP)--Clear Channel Outdoor Holdings Inc. said Monday third-quarter profit dropped 83 percent on an impairment charge and economic weakness that crimped sales for the maker of outdoor advertising signs.
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