Earnings roundup: McDonald's, Wyeth
By
Associated Press
July 23, 2008
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Among the earnings stories for Wednesday, July 23, from AP Financial News:
Top stories:
NEW YORK (AP) _ McDonald's Corp. said Wednesday it returned to profitability in its second quarter, helped by a gain from selling its interest in sandwich chain Pret A Manger and strong sales of breakfast items, chicken sandwiches and beverages.
Other stories:
MADISON, N.J. (AP)_ Wyeth said Wednesday its second-quarter profit fell 6.3 percent on charges for severance and other costs related to ongoing job cuts, but the drug developer still topped Wall Street expectations and raised its full-year outlook.
NEW ALBANY, Ohio (AP) _ Commercial Vehicle Group Inc. said Wednesday it swung to a second-quarter profit on a jump in sales and a larger gain on the marking-to-market of forward foreign exchange contracts.
NEW YORK (AP) _ Industrial parts and equipment maker Dover Corp. said second-quarter profit fell 21 percent as it shuttered its Triton ATM manufacturing business, but the company beat Wall Street expectations as earnings from continuing operations climbed.
DANBURY, Conn. (AP) _ Furniture retailer Ethan Allen Interiors Inc. said Wednesday its fiscal fourth-quarter profit fell 46 percent as demand dropped amid a difficult home-furnishings environment, but adjusted profit beat analyst expectations.
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