Earnings roundup: Health Net, Advanta

By Associated Press April 30, 2008 Comments (0)

0 Recommendations

Among the earnings stories for Wednesday, April 30, from AP Financial News:

LOS ANGELES (AP) _ Health insurer Health Net Inc. said Wednesday it swung to a first-quarter loss on hefty legal and restructuring charges, though adjusted profit still fell far short of Wall Street forecasts because of higher costs.

SPRING HOUSE, Pa. (AP) _ Advanta Corp.'s profit slipped 14 percent in the first quarter as bad credit ate into the credit card lender's portfolio, the company said Wednesday.

CHICAGO (AP) _ OfficeMax Inc. posted a 9 percent increase in first-quarter profit Wednesday, overcoming a substantial drop in sales with help from a gain from its investment in Boise Cascade LLC. But earnings fell short of expectations, sending its stock sharply lower.

ORANGE COUNTY, Calif. (AP) _ Medical testing system maker Beckman Coulter Inc. said Wednesday its first-quarter earnings rose 16 percent to beat Wall Street expectations by a penny, and raised the low end of its full-year profit outlook.

Comments (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

DocumentId: 634147, ~/articles/articlehandler.aspx, 7/6/2008 6:50:37 PM, No ticker

FREE 1-Step Fool.com Access!

Already registered? Login Here

No, thanks

Simply enter your email address below to get:

Instant access to this article and all in-depth Motley Fool news and analysis.
A FREE FoolWatch Weekly email subscription — save time by getting the very best Motley Fool features and market coverage handpicked by Fool.com editors and delivered to you each week.

Privacy / Legal Information