Earnings roundup: Kensey Nash, Energen
By
Associated Press
January 28, 2009
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Among the earnings stories for Wednesday, Jan. 28, from AP Financial News:
EXTON, Pa. (AP) _ Medical technology company Kensey Nash Corp. said Wednesday its second-quarter profit doubled on higher sales of its biomaterials and reduced operating expenses.
BIRMINGHAM, Ala. (AP) _ Oil and natural gas producer Energen Corp. said Wednesday its fourth-quarter profit fell 18 percent on lower commodity prices and higher costs.
ATLANTA (AP) _ Marine Products Corp. said Wednesday it swung to a loss in the fourth quarter as the boat manufacturer faced deteriorating consumer demand and the ongoing credit crisis.
ORANGE, Conn. (AP) _ Hubbell Inc., which manufactures electrical products, said Wednesday its profit fell about 4 percent in the fourth quarter due to higher commodity costs and interest expenses.
NEW YORK (AP) _ Dover Corp. said Wednesday its fourth-quarter profit dropped 35 percent as falling demand in most of the diversified manufacturer's markets offset growth in its energy segment, but the results still beat analyst expectations.
NEW YORK (AP) _ Shares of Websense Inc. fell Wednesday after the maker of Internet filtering and security software posted a smaller net loss for its fourth quarter but gave a forecast for the current year that seemed to disappoint investors.
NEW YORK (AP) _ Shares of Plantronics Inc. declined Wednesday after the headset maker posted a fiscal third-quarter loss, hurt by charges and declining revenue amid the economic downturn, and gave a disappointing outlook.