Earnings roundup: CNA Financial, Belo
By
Associated Press
July 28, 2008
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Among the earnings stories for Monday, July 28, from AP Financial News:
CHICAGO (AP) _ CNA Financial Corp. said Monday its second-quarter earnings fell nearly 17 percent in the second quarter, reflecting lower premiums and investment losses.
NEW YORK (AP) _ A.H. Belo Corp., the publisher of The Dallas Morning News and three other newspapers, reported a second-quarter loss on Monday and said it was cutting 500 jobs, or 14 percent of its work force. Its shares fell almost 5 percent.
NEW HARTFORD, N.Y. (AP) _ PAR Technology Corp., which makes software for restaurants, on Monday reported a second-quarter profit, beating analyst expectations as sales increased 15 percent.
TULSA, Okla. (AP) _ Coal producer Alliance Resource Partners LP said Monday higher costs drove its second-quarter profit down 21 percent to miss Wall Street expectations, but shares rose as the company's revenue topped estimates and it raised its quarterly dividend.
ADA, Okla. (AP) _ Pre-Paid Legal Services, which offers legal expense plans for a monthly fee to members, on Monday posted a 14 percent rise in second-quarter profit as its membership rose and costs declined.
NEW YORK (AP) _ Verizon Communications Inc.'s second-quarter earnings rose 12 percent, the company said Monday, while revenue was slightly shy of expectations and customers disconnected their landlines faster than before.