Earnings Roundup: Commercial Metals

By Associated Press March 25, 2008 Comments (0)

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Among the earnings stories for Tuesday, March 25, from AP Financial News:

IRVING, Texas (AP) _ Commercial Metals Co. said Tuesday its second-quarter profit fell 40 percent, despite rising revenue, something the steel producer attributed to its method of valuing inventory.

NEW YORK (AP) _ Fortress Investment Group LLC, a private equity and hedge fund manager, on Tuesday reported a fourth-quarter loss after paying $240 million in principal compensation.

LANSING, Mich. (AP) _ Neogen Corp., which makes test kits for food and animal safety, said Tuesday its third-quarter profit jumped 34 percent on strong results at its European subsidiary and sales of disposable test kits.

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