Earnings roundup: Swift Energy, XenoPort
By
Associated Press
August 7, 2008
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Among the earnings stories for Thursday, Aug. 7, from AP Financial News:
HOUSTON (AP) _ Oil and natural-gas producer Swift Energy Co. said Thursday its second-quarter profit more than doubled on high commodity prices and strong operational results.
SANTA CLARA, Calif. (AP) _ Shares of biotechnology company XenoPort Inc. fell Thursday after the company reported a wider-than-expected second-quarter loss on dwindling revenue from drug development deals.
BOSTON (AP) _ Winthrop Realty Trust said Thursday it swung to a loss in the second quarter but did increase the cash it has available for investment.
Nashville, Tenn. (AP) _ Shares of Brookdale Senior Living Inc. soared Thursday after the company, which operates assisted-living facilities and nursing homes, posted a narrower loss in for its second quarter despite an occupancy decline, as it expanded its home health care services.
HERNDON, Va. (AP) _ RCN Corp., provider of video, data and voice services, on Thursday posted a narrower second-quarter net loss compared with a year-ago period that was weighed by a hefty charge.
TULSA, Okla. (AP) _ Williams Partners LP, which processes and stores natural gas, said Thursday its second-quarter profit jumped 54 percent on higher natural gas liquid margins at three of its properties.
NEW YORK (AP) _ Shares of Savient Pharmaceuticals Inc. fell Thursday after the company reported a wider-than-expected second-quarter loss on lower revenue and higher operating expenses.
DANBURY, Conn. (AP)_ Drug developer Biodel Inc. said late Wednesday its fiscal 2008 third-quarter loss widened on higher costs related to the late-stage development of its injectable insulin.