Earnings roundup: Everest Re, Waste Management

By Associated Press
February 12, 2009 | Comments (0)

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Among the earnings stories for Thursday, Feb. 12, from AP Financial News:

NEW YORK (AP) _ Shares of Everest Re Group Ltd. rose sharply in early trading Thursday, a day after the reinsurer said its operating profit surpassed analysts expectations, though it reported an overall loss for the fourth quarter.

HARTFORD, Conn. (AP) _ Waste Management Inc. said Thursday its fourth-quarter profit slid 29 percent on declines in its recycling business and one-time charges. The nation's No. 1 waste hauler also announced a restructuring and consolidation plan intended to save $100 million per year.

SANDUSKY, Ohio (AP) _ Cedar Fair LP said Thursday that its fourth-quarter loss widened due to a hefty impairment charge related to an acquisition.

NEW YORK (AP) _ The Coca-Cola Co. said Thursday its fourth-quarter profit fell 18 percent as it dealt with the global recession and volatility in the currency markets.

NEW YORK (AP) _ Cosmetics maker Revlon Inc., which is controlled by financier Ron Perelman, reported Thursday a fourth-quarter profit on a one-time gain from the sale of a unit.

NEW YORK (AP) _ Och-Ziff Capital Management Group LLC said Thursday it narrowed its loss in the fourth quarter as it incurred charges tied to its initial public offering in November 2007.

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Related Tickers

12/2/2009 1:57 PM
RE $85.79 Up +0.90 +1.06%
Everest Re Group,… CAPS Rating: **
REV $18.31 Down -0.19 -1.03%
Revlon, Inc. CAPS Rating: *
FUN $8.46 Down -0.27 -3.09%
Cedar Fair, L.P. CAPS Rating: **
KO $57.89 Down -0.19 -0.33%
The Coca-Cola Comp… CAPS Rating: ****
WMI $28.50 Down +0.00 +0.00%
Waste Management,… CAPS Rating: *****
OZM $11.70 Down -0.10 -0.85%
Och-Ziff Capital CAPS Rating: **

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