Earnings roundup: Tyson, Wrigley
By
Associated Press
July 28, 2008
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Among the earnings stories for Monday, July 28, from AP Financial News:
Top stories:
LITTLE ROCK (AP) _ Tyson Foods Inc., the world's largest meat company, said that third-quarter profit plunged 90 percent on the rising cost of grain to feed chicken and that it may take until next year to turn the trend around.
CHICAGO (AP) _ Chewing-gum maker Wm. Wrigley Jr. Co. said its second-quarter profit jumped 14 percent as higher prices and foreign sales boosted revenue.
Other stories:
DUBLIN, Ireland (AP) _ Shares of Ryanair Holdings PLC and rival airlines fell Monday after Europe's leading budget airline recorded its first quarterly net loss since becoming a publicly listed company in 1997.
PITTSBURGH (AP) _ Ampco-Pittsburgh Corp. said Monday that its second-quarter earnings rose 14 percent on strong demand for its steel products.
NEW YORK (AP) _ Semiconductor Manufacturing International Corp. on Monday said its loss increased in the second quarter and revenue fell as the Chinese chip maker continued to exit the memory-chip business.
HONOLULU (AP) _ The Bank of Hawaii Corp. on Monday said its profit edged up 1 percent even as it more than doubled the amount it set aside to cover souring loans and leases, as fees and service charges rose.