Earnings roundup: JetBlue, KeyCorp
By
Associated Press
July 22, 2008
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Among the earnings stories for Tuesday, July 22, from AP Financial News:
NEW YORK (AP) _ Additional fees and cost cut initiatives helped JetBlue Airways Corp. to post a narrower-than-expected second-quarter loss on Tuesday, as the carrier said it will scale back growth plans to keep pace with the soaring price of fuel.
CLEVELAND (AP) _ Regional bank KeyCorp on Tuesday posted a second-quarter loss as its set-asides to cover bad loans swelled, and it booked more than $1 billion in charges from a court ruling involving the tax treatment of part of its leveraged lease portfolio.
RESTON, Va. (AP) _ The housing slump continued to take its toll on homebuilder NVR Inc. as second-quarter earnings dropped 43 percent amid declining orders for new homes and falling income from mortgage lending, the company reported Tuesday.
NEW YORK (AP) _ Drug development and research company Icon PLC reported stronger-than-expected second quarter results Tuesday, as its profit grew 41 percent for the period.