Earnings roundup: Yingli Green
By
Associated Press
February 10, 2009
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Among the earnings stories for Tuesday, Feb. 10, from AP Financial News:
UNDATED (AP) _ Yingli Green Energy Holding Co., a China-based solar cell maker, on Tuesday said its fourth-quarter earnings slid 27 percent driven by a lower average selling price and fewer shipments, a result of weakened demand, tighter credit and an unfavorable exchange rate with the Euro.
HOUSTON (AP) _ Real estate investment trust Camden Property Trust said its fourth-quarter results tumbled 82 percent due to large impairment losses on land held for development and predevelopment investments. But the results still beat Wall Street's expectations.
NASHVILLE, Tenn. (AP) _ Gaylord Entertainment Co., which runs a network of meetings-focused resorts and country music's Grand Ole Opry, said Tuesday its fiscal fourth-quarter profit more than doubled partly on a gain related to the extinguishment of some debt.
MALVERN, Pa. (AP) _ Vishay Intertechnology Inc. moved to a loss of $652.3 million for the fourth quarter on Tuesday, hurt by large impairment and severance charges as well as falling revenue.
LAS VEGAS (AP) _ Ameristar Casinos Inc. fell to a fourth-quarter loss of $101.1 million on Tuesday, hurt by a large impairment charge related to its East Chicago acquisition.
UNDATED (AP) _ The DirecTV Group Inc., the nation's largest satellite TV provider, on Tuesday reported a 5 percent decline in net income for the fourth quarter, even as revenue soared, because higher customer acquisition costs and interest expenses ate into the bottom line.
LONG BEACH, Calif. (AP) _ Health care real estate investment trust HCP Inc. said Tuesday its fourth-quarter and 2008 funds from operations rose, but they both still missed Wall Street's expectations.