Earnings roundup: Tyson, Wrigley

Recs

0

Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

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.

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 Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 694082, ~/articles/articlehandler.aspx, 1/8/2009 3:56:55 AM

Sign up for FREE Motley Fool site access to keep reading:

“Earnings roundup: Tyson, Wrigley”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

.

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...

What Fools Are Saying

Most Recent

Most Recommended

Jan 7 at 4:08 PM

Market Summary

DJIA 8,769.70 -245.40 -2.72%
S&P 500 906.65 -28.05 -3.00%
NASD 1,599.06 -53.32 -3.23%
Sponsored by:

Related Tickers

Ampco-Pittsburgh Corp.

CAPS Rating 5/5 Stars

$22.70

-1.41 (-5.85%)

Outperform172

Underperform3

Rate This Stock